Insurance Company Financial Analyst
ND Insurance Department
Salary: $4,271 – $5,694 monthly, dependent on experience
Closing Date: Open Until Filled
Position Number: 40128644
Requisition Number: None
Status: Full-time, Regular
Type of Recruitment: External
Date Posted to Web: September 26, 2013
Minimum Qualifications:Requires a bachelor’s degree with a major in accounting, economics, or finance, and a minimum of 21 accounting credits. Requires three years work experience in financial and/or insurance fields. Preference given to candidates with CPA or working towards CPA or other audit and financial analysis experience. SOFE certification as Accredited Financial Examiner or Certified Financial Examiner also preferred. Must be willing to test for SOFE certifications if hired. Requires extensive written and verbal communication skills, strong analytical skills and computer skills, along with excellent interpersonal abilities.
Submit a completed ND State Application Form (SFN 10950) cover letter, resume, references, and college transcript to: Shelly Weisz, North Dakota Insurance Department, 600 East Boulevard Avenue, Dept 401, Bismarck, ND 58505.
Application materials may also be submitted by fax to (701) 328-4880 or emailed to email@example.com Application materials, including college transcripts, must be received at the agency by 5:00 pm on the closing date. Application forms are available from any ND Job Service office, Human Resource Management Services, or the web at http://www.nd.gov/hrms/docs/forms/sfn10950.pdf.
Applicants who are residents of North Dakota and eligible to claim veteran's preference must include a copy of DD Form 214. Claims for disabled veteran's preference must also include a current statement of disabled status from the U.S. Department of Veterans Affairs.
Contact Shelly Weisz at (701) 328-2931 or TTY 800-366-6888 for more information or accommodation or assistance in the application or interview process.
ND Relay Number: 1-800-366-6888
Summary of Work:
This position works closely with examiners in its own division as well as other Department divisions. Candidates must be able to communicate complex financial information to all types of internal and external customers.
- Review, evaluate and monitor the financial condition and solvency of life and health insurance companies doing business in North Dakota.
- Interpret and apply North Dakota insurance laws and rules; identify areas of insurer compliance and noncompliance with statutory requirements.
- Assist in the development and implementation of department policies and procedures; modify or implement standards to ensure that the Department will maintain accreditation with the National Association of Insurance Commissioners (NAIC) Accreditation Program.
- Review and approve holding company transactions.
- Provide testimony at Department hearings regarding mergers and acquisitions of insurance companies.
- Analyze financial statements to determine if insurance companies meet requirements for licensure in North Dakota.
- Assist the Department’s health rate review team.
- Conduct special investigations of troubled insurance companies; recommend enforcement actions to the Chief Examiner or Commissioner.
- Monitor the impact of the Affordable Care Act on domestic health insurers.
- Participate in national organizations and work with regulators nationally and internationally.
- Training and management of company licensing and financial staff may be required from time to time.
- Travel requirement approximately 5%.
Society of Financial Examiners (SOFE) certification as an Accredited Financial Examiner must be acquired within 4 years of employment and certification as a Certified Financial Examiner must be acquired within 6 years of employment. The certification program is described in detail on the SOFE website Certification and Testing page at http://www.sofe.org. The Insurance Department assists with the costs of examinations.
As employers, the State of North Dakota and political subdivisions prohibit smoking in all places of state and political subdivision employment in accordance with N.D.C.C. § 23-12-10.
Equal Opportunity Employer
The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex, genetics, religion, age, or disability in employment or the provision of services, and complies with the provisions of the North Dakota Human Rights Act.