Job title: Financial Analyst II
Company: State of North Carolina
Job description: Description of WorkSalary Recruitment Range: $51,616 – $78,00
Salary Grade: NC15This 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 position is assigned to ACT and provides technical support to the Chief Actuary and the CSG and completes the actuarial reviews of the rate bureau filings. This Financial Analysts II will assist with devising and conducting special studies on important issues affecting the P&C insurance and performs special technical projects under the guidance of the Chief Actuary. These special studies would include the data calls and reserve reviews for both traditional insurance companies and risk retention groups.
- Considerable knowledge of general principles of actuarial science. This would include ratemaking, loss reserving and solvency monitoring issues.
- Considerable knowledge to analyze business and/or program issues and consult with manage mentor business entities as needed.
- Considerable knowledge of organizational goals and how best to achieve them.
- Considerable knowledge of technical and administrative rules and regulations in the subject area.
- Considerable knowledge of the technical information required to effectively perform job responsibilities.
- Communication skills to relay industry information regarding current issues and to present findings in such situations.
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:.Knowledge, Skills and Abilities / Competencies
- Considerable knowledge of general principles of actuarial science. This would include ratemaking, loss reserving and solvency monitoring issues.
- Considerable knowledge to analyze business and/or program issues and consult with manage mentor business entities as needed.
- Considerable knowledge of organizational goals and how best to achieve them.
- Considerable knowledge of technical and administrative rules and regulations in the subject area.
- Considerable knowledge of the technical information required to effectively perform job responsibilities.
- Communication skills to relay industry information regarding current issues and to present findings in such situations.
- Information Analysis and Decision-Making skills to prepare and analyze financial information involving existing issues pertaining to the subject area and to present it in oral and/or written form.
- Problem-solving skills to interpret compliance and report to management the findings.
- Project Management skills to work as a team to develop new processes and procedures based upon changes in laws and regulations or industry practices.
- Ability to provide appropriate documentation to support conclusions.
- Ability to initiate and maintain relationships with industry representatives, co-workers, and others.
- Ability to organize and format reports to comply with applicable guidelines.
- Ability to review and document compliance with laws and regulations.
- Demonstrate strong verbal and written communication skills as necessary to testify and serve as an expert witness in hearings and communicate information within DOI or to external customers (such as insurance companies).
- Demonstrate the ability to conduct surveys, data calls, create and maintain data bases, or prepare other reports about the insurance industry as the law requires or as requested by management, the Legislature, or other division’s request.
Minimum Education and Experience RequirementsBachelor’s degree in accounting, banking, finance, business administration, economics, or related discipline from an accredited institution and 1 year of directly related experience or an equivalent combination of education and experience.Supplemental and Contact InformationFor 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.NOTE: For temporary, contract or other supplemental staffing appointments:
There are no paid leave, retirement or other benefits associated with these appointment types.For permanent and time-limited appointments:
Eligible employees have benefits that include employee health insurance options, standard and supplemental retirement plans, NC Flex (a variety of high-quality, low-cost benefits on a pre-tax basis), and paid vacation, sick, and community service leave, to name a few. Paid parental leave is available for eligible employees. Some benefits require 30 + hours work/week for participation.
Expected salary: $51616 – 90328 per year
Location: Wake County, NC
Job date: Thu, 22 Aug 2024 07:53:29 GMT
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