$38,997 – $72,144 a year
Full Job Description
Nature of Work
Department of Revenue/Insurance Commission/Financial Conditions/Kanawha Co. – Work is performed in an advanced level position. Under the limited supervision, performs complex and in-depth analysis work to ensure that insurance companies and other regulated entities are in compliance with West Virginia Insurance laws & regulations and meet the requirements and guidelines of the National Association of Insurance Commissioners (NAIC) for the purpose of protecting WV policyholders. Work is performed in accordance with established WV laws, regulations, procedures, guidance and administrative directives. These procedures are designed to identify potential areas of concern regarding the financial position and operations of the insurer primariliy through the use of ratio and trend analysis. Key areas include: investments, reserves, reinsurance, operating performance, enterprise risk management, capitalizations, and affiliated transactions. Applies Statutory Accounting Principles (SAP), practices, methods, and techniques in the review of financial and management issues. Reviews and analyzes Annual, Quarterly, and Monthly financial statements, audit reports, and trend analyses. Computes and interprets financial ratios to identify potential hazardous financial conditions. Researches and analyzes various transactions involving acquisitions and mergers. Researches and analyzes various financial transactions between parent company, affiliates, and subsidiaries. Researches new and revised legislation and NAIC practices and procedures. Reviews State examination reports. May provide assistance in the examination of insurance companies. Advise insurance company officials of results of financial analysis, including identifying actual or solvency problems. Participate and/or attend various NAIC training sessions, working group conference calls, national meetings, etc. to increase and maintain proficiency in SAP, familiarity with insurance rules/laws/regulations, changes in reporting requirements, and to stay abreast of current industry trends. Candidate must have computer software knowledge of all Microsoft products. Position may serve a lead worker on projects and may review the work of lower level Insurance Financial Specialists. Performs other duties as required.
IMPORTANT: Your eligible score will be based on information provided in your application; therefore, make sure your application is detailed and complete. You may attach a resume and other documents; however, you should NEVER enter “See Resume” on the application. You MUST complete ALL parts of the application, including the Work Experience section.
ATTENTION: Applicant MUST VERIFY POST-HIGH SCHOOL EDUCATION (DIPLOMAS, DEGREES, etc.), TRAINING, or LICENSURE EARNED pertaining to this position BY THE CLOSING DATE OF THE POSTING, if not previously verified. It may ONLY be in the form of a copy of an OFFICIAL transcript or diploma. If you are claiming Veteran’s preference, please submit “MEMBER 4” form and/or your VA Letter. DOCUMENTATION WILL NOT BE ACCEPTED AFTER THE CLOSING DATE and you will not be considered for this vacancy. Please attach documents to the online application before submitting it. Or, you may email it to: firstname.lastname@example.org or by FAX to 304-957-0396, or by mail to: WV Division of Personnel, 1900 Kanawha Blvd. E., Building 3, Suite 500, Charleston, WV 25305.
This announcement is for one or more specific vacancies and only applies to the location(s) indicated.
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As a condition of employment, an inquiry into job-related information will be completed which may include, but not limited to, criminal records, abuse registry records, driving records, employment history, and education and training. Failing to cooperate with this process, providing false or incomplete information, and/or discovery of disqualifying information may result in denial of or dismissal from employment or denial of transfer irrespective of when discovered.
Training: Bachelor’s degree from a regionally accredited four-year college or university with at least 24 semester hours in accounting. Preference may be given to applicants with CPA certification, a Master of Public Accountancy or Master of Business Administration.
Experience: Three years of full-time or equivalent part-time paid professional experience related to accounting, auditing, economics, finance or statistics or two years of full-time or equivalent part-time paid experience as an Insurance Financial Specialist 2.
Substitution: Successful completion of graduate study from a regionally accredited college or university in business administration, finance or accounting may be substituted for the required experience on a year-for-year basis.
A CPA certification may be substituted for the training and the required experience.
***DETAILS OF RELATED EXPERIENCE MUST BE SHOWN IN THE WORK EXPERIENCE SECTION OF YOUR ONLINE APPLICATION**