Senior Financial Analyst, Insurance Operations

California Dental Association • Sacramento, CA

7d • $120,000 - $125,000 • Remote

About The Position

The Senior Financial Analyst, Insurance Operations is a finance partner of The Dentists Insurance Company, responsible for ensuring the adherence to regulatory and compliance requirements of the California Department of Insurance and various other regulatory agencies. This position prepares quarterly and annual financial reports, regulatory filings, and works with third parties to facilitate the estimation and analysis of insurance loss reserves, ensure adequate reinsurance coverage, and track and administer insurer investments. This role exercises significant judgement and critical thinking in the preparation of complex filings, has high visibility across the organization, and is a key liaison between finance, operational departments, and external vendors and regulators.

Requirements

• Bachelor’s degree (B.A.), preferably in Accounting or Finance.
• Minimum of four years of experience in Finance or Accounting.
• Demonstrated ability to effectively administer reporting as it pertains to enterprise system data, including GL, budgets, and business intelligence interfaces.
• Proficient in data extraction/reporting.
• Advanced Excel (including arrays, vlookup, pivot tables, charts).
• Comprehensive knowledge of GAAP accounting policies and procedures

Nice To Haves

• MBA or CPA preferred.
• Lawson general ledger system and/or Crystal Reports experience.
• Annual Statement reporting software experience preferred.
• Experience with the following programs: Prophix, Lawson, Guidewire, SQL or Crystal Reports
• Understanding of statutory and GAAP accounting principles and able to conduct relevant research.
• Excels at forward-facing interactions and developing key relationships across all levels within the organization.
• Demonstrated ability to communicate complex information effectively to both technical and non-technical audiences across the organization.
• Excellent written and oral communication skills.
• Commitment to excellence and high standards.
• Ability to manage priorities and workflow with minimal supervision.
• Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
• Ability to work with all levels of management.
• Keen attention to detail.
• Ability to work independently and as a member of various teams and committees.

Responsibilities

• Works independently and in collaboration with underwriting, claims, sales, finance and external vendors to ensure the accurate and timely completion of regulatory and compliance activities.
• Leads regulatory reporting activities including annual and quarterly statements for insurance compliance, A.M. Best reporting, state filing requirements, and state audits.
• Stays current with state and NAIC regulatory reporting requirements, ensuring processes and reporting meet relevant requirements. Researches reporting guidance for new business activities and makes recommendations to ensure compliance.
• Coordinates with third parties to support treasury functions, ensures statutory deposit holdings comply with state requirements and prepares reporting to support investment and statutory deposit holdings.
• Coordinates with external actuary to ensure timely response to complex data requests and support annual actuarial and rate analyses.
• Coordinates with reinsurance broker to support annual reinsurance renewal, ensure timely response to data requests, timely submission of reimbursement invoices and year end premium true-up. Supports ongoing analysis and assessment of the effectiveness of the overall program.
• Oversees the planning and maintenance of the financial compliance calendar for the organization.
• Leads and oversees the triennial Department of Insurance financial examination.
• Administers compliance software and drives innovative and effective use of software to increase efficiency, accuracy and timeliness of regulatory and compliance filings.
• Replies to Department of Insurance and other third-party requests.
• Assist with related special projects as needed.
• Perform other duties as assigned.

Benefits

• Remote and hybrid flexibility and technology to support remote work
• Generous time off program starting at 22 days of PTO and 13 paid holidays (includes a floating holiday and winter closure)
• Highly competitive medical, dental and vision plans, including FSA and HSA account options
• 401(k) plans, with a generous match and safe harbor contributions upon eligibility
• Paid parental leave
• Wellness programs, including incentives and an In-Shape Family Fitness discount
• Opportunities for professional development, training and leadership skill-building
• Critical illness, accident, life, pet, short term and long-term disability insurance options
• Employee Assistance Program (EAP) for support navigating day-to-day challenges

What This Job Offers

• Job Type: Full-time
• Career Level: Senior