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HYBRID- Insurance Examiner/Analyst 2

Company: Ohio Department of Commerce
Location: Columbus
Posted on: May 28, 2023

Job Description:

About Us:
The Ohio Department of Insurance (ODI) was established in 1872 as an agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in Ohio.
Today, the mission of the Ohio Department of Insurance is to provide consumer protection through education and fair but vigilant regulation while promoting a stable and competitive environment for insurers.
Please visit our website Department of Insurance and also find us on LinkedIn .
Risk Assessment Mission Statement:
The mission of Risk Assessment is to monitor the financial solvency of insurance companies licensed in the state of Ohio. Staff also monitors insurers' statutory and solvency compliance on an ongoing basis and conducts statutory examinations.
The Office of Risk Assessment is seeking a financially minded candidate with an advanced level of experience analyzing complex financial reports, reviewing and modifying data, and who can determine appropriate course of action to resolve complex issues.
If this sounds interesting to you, continue reading below to learn more about this career opportunity with the Office of Risk Assessment.
What You'll Do:
Your Key Responsibilities include but are not limited to the following:

  • Performs in-house analysis of domestic &/or foreign insurance companies' financial condition to determine solvency & compliance to statutes & regulations, contacts companies regarding findings, determines need for subsequent action based on insurance companies responses to examinations & analysis.
  • Prepares & recommends level of priority for each company & reviews audited financial statements, & other financial reports & periodically conducts reviews of other insurance examiner/analyst findings.
  • Evaluates insurance companies' operations to determine if prior review recommendations have been implemented, assesses company progress toward implementation of prior examination & analysis recommendations & assumes responsibility for examination &/or analysis reports.
  • Conducts, develops & maintains analysis process for use in financial assessment of annual & quarterly statements & maintains regulatory status reports for foreign &/or domestic companies; reviews various financial transactions for appropriateness & compliance to statutes & regulations.
  • Performs comprehensive audits of all books, records, assets, liabilities, income, disbursements & operating policies & procedures & examines contracts to determine legality & propriety.
  • Represents department at meetings with insurance companies &/or outside agencies; provides written &/or verbal response for request for information. What's in it for you:
    This position is designated as telework eligible. The agency has a hybrid work model (i.e., working in the office and working from home on a schedule based on operational need). As such, successful candidates must have and maintain internet at their remote location during normal working hours. In addition, employees must reside in Ohio and within a reasonable distance from the Department location to respond to workplace reporting requirements.
    At the State of Ohio, we take care of the team that cares for Ohioans. We provide a variety of quality, competitive benefits to eligible full-time and part-time employees. For a list of all the State of Ohio Benefits, visit our Total Rewards website !
    Accredited Financial Examiner (i.e., AFE) designation by Society of Financial Examiners; 3 years experience in accounting, internal auditing, finance, insurance, marketing, business administration; must provide own transportation; valid driver's license.
    -Or Certified Public Accountant (i.e., CPA) designation by state accountancy board; 3 years experience in accounting, internal auditing, finance insurance, business administration, marketing; must provide own transportation; valid driver's license.
    -Or Certified Financial Examiner (i.e., CFE) designation by Society of Financial Examiners; 5 years experience in accounting, internal auditing, finance, marketing, insurance or business administration; must provide own transportation; valid driver's license.
    -Or equivalent of Minimum Class Qualifications For Employment noted above may be substituted for the experience required, but not for the mandated licensure/designation.

Keywords: Ohio Department of Commerce, Columbus , HYBRID- Insurance Examiner/Analyst 2, Accounting, Auditing , Columbus, Ohio

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