Insurance Analyst

Total Compensation Estimator Tool OPEN COMPETITIVE EMPLOYMENT OPPORTUNITY ***** OFFICE OF INSURANCE REGULATION BUREAU: LIFE & HEALTH MARKET REGULATION CITY: TALLAHASSEE COUNTY: LEON The Florida Office of Insurance Regulation (OIR) strives to promote a stable and competitive insurance market for consumers. With a workforce of approximately 250 staff members, OIR regulates one of the largest, most complex insurance markets in the world. OIR offers a range of challenging and rewarding opportunities for individuals looking to grow in their careers, as well as a wide variety of top insurance–related courses and professional certifications to ensure that its staff have the industry knowledge needed to succeed. OIR employees also have access to the State of Florida’s tuition waiver program, which offers educational assistance to full-time, salaried employees. Benefits As a State Agency, OIR offers excellent benefits, including health, dental, and vision insurance; retirement plans; flexible spending accounts; health savings accounts; and more. OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules. Click the links below to see the many benefits and retirement options you have as a State of Florida employee: Brief Description Of Duties And Responsibilities This is a highly responsible professional position with both technical and administrative responsibilities that require independent work producing a precise and accurate work product. The incumbent provides project management for multiple investigation or examination projects that support the Office's strategic plan, legislative requirements, and technology needs. The incumbent is responsible for planning and organizing projects to achieve outcomes aligned with the Office's goals. The incumbent will conduct independent research, provide insurance analysis, and guidance to support project staff and ensure project teams, which may include contractors, follow agency procedures and documentation standards. Manage multiple insurance regulatory related projects that support the Agency's business needs by conducting advanced technical research and market analysis relating to the insurance industry. Conduct market and data analysis on industry conduct and structure to assist the Agency with exams and investigations. Act as a resource for NOI and other reviews. Provide advanced research and analysis, or guide assigned insurance analysts, for assigned projects. This includes but is not limited to in-depth investigations and review of policy forms, rates, contracts, endorsements, claims forms and handling practices, underwriting practices, advertising, premium refunds, record management, and other insurance related business practices. Conduct reviews, monitoring, and statutory examinations of certain industry related companies to support Agency oversight and implementation of Florida Insurance Codes. Manage the project scope and implementation activities to deliver reports on time and within budget. Ensure that the review team implements Florida Insurance Code standards and delivers high quality analysis. Identifies and manages technical and non-technical issues and risks that could impact the project. Uses problem solving skills to remove obstacles, resolve conflicts, and mitigate risks when possible and escalates to management when appropriate. Responsible for record management of electronic files related to the examination or investigation. Responsible for the examination plan and management of contractors to ensure high quality review analysis and implementation of Florida Insurance Code. Design and develop examination plans for Agency oversight and assist with contractor procurement. Conduct informal conferences with insurance companies on business practices, validate findings of statutory examinations, and recommend agency action. Report and communicate examination status with project team members, stakeholders, and Agency management. Collaborate with legal counsel to articulate the conceptual, logical, and technical aspects of the examination or investigation report. Act as a market conduct manager upon earning IRES designation. Responsible for facilitating the examination between the contractor and insurer, managing project scope and budget, reviewing invoices, monitoring exam and escalating exam issues to management. Manage and train on examination procedures and techniques. Perform other duties as required. Minimum Qualifications for this position include the following REQUIRED ENTRY LEVEL KNOWLEDGE, SKILLS, AND ABILITIES: Knowledge of basic principles of insurance and risk management, general practices of insurance companies or other entities regulated by any state’s insurance code, or general legal practices in a regulatory environment Knowledge of research, auditing, investigative, and problem-solving techniques and practices Skilled in use of Microsoft Office programs with proficiency in Excel and Word Ability to collect, analyze, and interpret data Ability to plan, organize, and prioritize work assignments Ability to communicate effectively verbally and in writing Ability to listen, apply, and understand instructions in both written and oral format Ability to handle confidential information Ability to prepare detailed/specialized written reports Ability to establish and maintain effective working relationships with others Ability to train others on processes and procedures Ability to understand, interpret and apply laws, rules, regulations, policies and procedures Ability to critically think, draw conclusions, and make decisions with minimal direction Ability to effectively organize information to reflect the logical progression of events, procedures performed, and conclusions reached Ability to work well as a team member Ability to work independently on individual assignmentsAbility to determine work priorities to ensure proper completion of work assignments Ability to follow verbal and written instructions Ability to confidently and independently present and discuss work product Ability to work within deadlines Ability to maintain objectivity and make sound judgements and decisions Qualified applicants will be required to take a work sample. The annual salary for this position is $60,000. This is a non-remote on-site position located in Tallahassee, FL. Employees of the Office of Insurance Regulation are paid on a monthly pay cycle. Candidates requiring a reasonable accommodation, as defined by the Americans with Disabilities Act, must notify the agency hiring authority and/or People First Service Center View phone number on click.appcast.io). Notification to the hiring authority must be made in advance to allow sufficient time to provide the accommodation. The State of Florida supports a Drug-Free workplace. All employees are subject to reasonable suspicion drug testing in accordance with Section 112.0455, F.S., Drug-Free Workplace Act. VETERANS’ PREFERENCE. Pursuant to Chapter 295, Florida Statutes, candidates eligible for Veterans’ Preference will receive preference in employment for Career Service vacancies and are encouraged to apply. Certain service members may be eligible to receive waivers for postsecondary educational requirements. Candidates claiming Veterans’ Preference must attach supporting documentation with each submission that includes character of service (for example, DD Form 214 Member Copy #4) along with any other documentation as required by Rule 55A-7, Florida Administrative Code. Veterans’ Preference documentation requirements are available by clicking here . All documentation is due by the close of the vacancy announcement. #J-18808-Ljbffr