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Posted : Wednesday, December 06, 2023 11:35 AM
Description of Work
Salary Recruitment Range: $56,906 - $82,917
Salary Grade: NC17
This position currently qualifies for a hybrid telework option with routine office and remote workday.
The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles.
Telework options are subject to change at the discretion of management.
Mission of the Department of Insurance: To promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect.
Primary Purpose of the Position: This is a key position working in the Financial Analysis Section of the Financial Analysis and Receivership Division.
This employee will conduct financial reviews of insurance companies domiciled and/or licensed in the State of North Carolina utilizing the latest automated financial analysis systems and procedures intended to monitor the financial solvency of these companies to protect the policyholders of North Carolina.
The position will determine if insurers are maintaining compliance with applicable laws, regulations, procedures, and statutory accounting practices required by this State.
This position will render an opinion on the financial health of each assigned company, recommend any appropriate corrective actions, evaluate company proposals such as changes of control, mergers, re-domestications, business plans, reinsurance transactions, and other material changes in operations, which require the approval of the Commissioner.
The position will be responsible for coordinating the work of other analysts, including directing and training staff, conducting second level reviews of analyses, evaluating courses of action recommended by staff, and reporting on current activities each month.
The position will have the opportunity to interact with people at all levels within the insurance companies as well as within this Department.
The work is guided by State laws and regulations, Departmental policies and procedures, and guidance provided by the National Association of Insurance Commissioners.
Incentives of NC State Employment: We value our employees and offer a wide variety of competitive and family-friendly benefits.
Benefits to include: 12 Annual paid Holidays North Carolina State Health Plan administered by Blue Cross Blue Shield of NC Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision NC State Retirement (TSERS) WeSave Employee Discounts Learn more about new hire resources, safety, health, and wellness information, leave options, employee discounts and more by selecting the link below: https://oshr.
nc.
gov/state-employee-resources/benefits.
Knowledge, Skills and Abilities / Competencies Demonstrated experience conducting and/or supervising financial analysis and financial risk assessment, financial statement audits, financial statement preparation, or closely related accounting work, including the ability to identify areas of concern and document facts, findings, conclusions and recommendations.
Considerable knowledge of the insurance industry; generally accepted accounting principles; statutory accounting principles; financial analysis procedures and guidelines; and State laws and regulations.
Ability to apply knowledge independently, as well as to provide guidance and direction to others, serving as a technical resource.
Ability to manage time effectively, ensuring projects are completed in a timely manner, and effectively oversee work performed by others.
Excellent decision-making skills, including the ability to be decisive in formulating and executing those skills, and excellent communication skills, both verbal and written.
Minimum Education and Experience Requirements Bachelor's degree from an appropriately accredited college or university, with the appropriate courses in accounting as defined in 21 NCAC 8A.
0309 and other courses required to qualify as a candidate for the uniform certified public accountant examination, based on the examination requirements in effect at the time of graduation and two years of experience in auditing insurance company operations or closely related accounting or auditing work; or an equivalent combination of training and experience.
Supplemental and Contact Information For consideration for this vacancy, all applicants must complete an on-line application using the “APPLY” button above.
If multiple applications are submitted to an individual posting, only the most recent application received prior to the posting close date will be evaluated for the consideration.
Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript.
Academic Degrees must be from appropriately accredited institutions and will be verified.
If you are selected for a position at DOI/IC, your academic credentials will be verified.
To receive credit for your work history and credentials, you must list the information on the State Application.
Any information omitted from your application cannot be considered for qualifying credit.
The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment.
Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications, disciplinary action, and possible criminal prosecution.
The Department of Insurance/Industrial Commission is an Equal Employment Opportunity employer and uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals.
***INCLUDE ALL RELEVANT EDUCATION, WORK EXPERIENCE IN THE DESIGNATED EDUCATION AND WORK HISTORY SECTION ON THE FORMAL APPLICATION*** ***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy*** Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
Applicants seeking Veteran's Preference under N.
C.
G.
S .
126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty.
This information may be attached to the online application or be faxed on or before the closing date.
Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system using the above link.
Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.
The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles.
Telework options are subject to change at the discretion of management.
Mission of the Department of Insurance: To promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect.
Primary Purpose of the Position: This is a key position working in the Financial Analysis Section of the Financial Analysis and Receivership Division.
This employee will conduct financial reviews of insurance companies domiciled and/or licensed in the State of North Carolina utilizing the latest automated financial analysis systems and procedures intended to monitor the financial solvency of these companies to protect the policyholders of North Carolina.
The position will determine if insurers are maintaining compliance with applicable laws, regulations, procedures, and statutory accounting practices required by this State.
This position will render an opinion on the financial health of each assigned company, recommend any appropriate corrective actions, evaluate company proposals such as changes of control, mergers, re-domestications, business plans, reinsurance transactions, and other material changes in operations, which require the approval of the Commissioner.
The position will be responsible for coordinating the work of other analysts, including directing and training staff, conducting second level reviews of analyses, evaluating courses of action recommended by staff, and reporting on current activities each month.
The position will have the opportunity to interact with people at all levels within the insurance companies as well as within this Department.
The work is guided by State laws and regulations, Departmental policies and procedures, and guidance provided by the National Association of Insurance Commissioners.
Incentives of NC State Employment: We value our employees and offer a wide variety of competitive and family-friendly benefits.
Benefits to include: 12 Annual paid Holidays North Carolina State Health Plan administered by Blue Cross Blue Shield of NC Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision NC State Retirement (TSERS) WeSave Employee Discounts Learn more about new hire resources, safety, health, and wellness information, leave options, employee discounts and more by selecting the link below: https://oshr.
nc.
gov/state-employee-resources/benefits.
Knowledge, Skills and Abilities / Competencies Demonstrated experience conducting and/or supervising financial analysis and financial risk assessment, financial statement audits, financial statement preparation, or closely related accounting work, including the ability to identify areas of concern and document facts, findings, conclusions and recommendations.
Considerable knowledge of the insurance industry; generally accepted accounting principles; statutory accounting principles; financial analysis procedures and guidelines; and State laws and regulations.
Ability to apply knowledge independently, as well as to provide guidance and direction to others, serving as a technical resource.
Ability to manage time effectively, ensuring projects are completed in a timely manner, and effectively oversee work performed by others.
Excellent decision-making skills, including the ability to be decisive in formulating and executing those skills, and excellent communication skills, both verbal and written.
Minimum Education and Experience Requirements Bachelor's degree from an appropriately accredited college or university, with the appropriate courses in accounting as defined in 21 NCAC 8A.
0309 and other courses required to qualify as a candidate for the uniform certified public accountant examination, based on the examination requirements in effect at the time of graduation and two years of experience in auditing insurance company operations or closely related accounting or auditing work; or an equivalent combination of training and experience.
Supplemental and Contact Information For consideration for this vacancy, all applicants must complete an on-line application using the “APPLY” button above.
If multiple applications are submitted to an individual posting, only the most recent application received prior to the posting close date will be evaluated for the consideration.
Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript.
Academic Degrees must be from appropriately accredited institutions and will be verified.
If you are selected for a position at DOI/IC, your academic credentials will be verified.
To receive credit for your work history and credentials, you must list the information on the State Application.
Any information omitted from your application cannot be considered for qualifying credit.
The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment.
Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications, disciplinary action, and possible criminal prosecution.
The Department of Insurance/Industrial Commission is an Equal Employment Opportunity employer and uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals.
***INCLUDE ALL RELEVANT EDUCATION, WORK EXPERIENCE IN THE DESIGNATED EDUCATION AND WORK HISTORY SECTION ON THE FORMAL APPLICATION*** ***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy*** Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
Applicants seeking Veteran's Preference under N.
C.
G.
S .
126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty.
This information may be attached to the online application or be faxed on or before the closing date.
Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system using the above link.
Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.
• Phone : NA
• Location : Wake County, NC
• Post ID: 9142840193
