Senior Financial Accounting Analyst/Auditor

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. Key Responsibilities Performs in-house analysis of domestic & 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 & 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 the Department at meetings with insurance companies &/or outside agencies; provides written &/or verbal response for request for information. Qualifications Accredited Financial Examiner (AFE) designation by Society of Financial Examiners; 2 years department of insurance experience and/or consulting experience for a department of insurance related to financial solvency regulation; must provide own transportation; valid driver's license. Certified Public Accountant (CPA) designation by state accountancy board; 3 years experience in accounting, internal auditing, finance, economics or insurance; must provide own transportation; valid driver's license. Certified Financial Examiner (CFE) designation by Society of Financial Examiners; 3 years department of insurance experience and/or consulting experience for a department of insurance related to financial solvency regulation; must provide own transportation; valid driver's license. Equivalent of Minimum Class Qualifications For Employment noted above may be substituted for experience but not for mandated licensure/designation. Job Skills Auditing Agency Overview 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. Designation Requirement Certified Public Accountant (CPA), Accredited Financial Examiner (AFE), or Certified Financial Examiner (CFE) designation/certification required. #J-18808-Ljbffr