Insurance Financial Analyst (Insurance Examiner)

Initial Posting Date:

12/06/2024

Application Deadline:

01/02/2025

Agency:

Department of Consumer & Business Services

Salary Range:

$5,747 - $8,831

Position Type:

Employee

Position Title:

Insurance Financial Analyst (Insurance Examiner)

Job Description:

Our mission...

To protect and serve Oregon's consumers and workers while supporting a positive business climate.

The Department of Consumer and Business Services (DCBS) is a progressive business regulatory state agency dedicated to the mission of protecting and serving Oregon's consumers and workers while supporting a positive business climate. The department administers state laws and rules governing workers' compensation, occupational safety and health, financial institutions, insurance companies and building codes. The department has consumer protection and education programs, offices, and ombuds to help consumers, injured workers, and businesses.

This position is with the Division of Financial Regulation (DFR). DFR’s mission supports that of the department by protecting Oregonians’ access to fair products and services through education, regulation, and consumer assistance. The division is responsible for ensuring the safety and soundness of financial institutions, the availability and affordability of financial products, and the fair treatment of consumers. Functions include licensing, regulating, and monitoring the conduct of banks, credit unions, financial services providers, health care service contractors, insurance companies, and licensed or registered agents of such entities.

This position is represented by the Service Employees International Union (SEIU).

Recruitment Timeline:

*These dates are approximate and are subject to change.*

Recruitment closes: January 2, 2025

1st round interviews: week of January 13, 2025

2nd round interviews: week of January 27, 2025

Anticipated start date: February 17, 2025

What’s in it for you:

• Rewarding work in a productive and creative environment

• Colleagues who are passionate about public service

• Work/life balance, 11 paid holidays a year, and a competitive benefits package

• Advancement and learning opportunities that will help grow your career with the State of Oregon

• Possible eligibility for the Public Service Loan Forgiveness Program

This position is eligible for fully remote work once the incumbent has gained the proficiency to perform work independently. The incumbent may occasionally be asked to work from the office on an as-needed basis.

Here’s what you will do:

As an Insurance Financial Analyst, you will maintain surveillance over the financial condition of the Oregon domestic insurers and certain foreign insurers to determine compliance with the Oregon insurance code and administrative rules and annual statement instructions and accounting practices and procedures prescribed by the National Association of Insurance Commissioners (NAIC).

Duties include:

• Performing independent in-depth analysis of insurance company annual and quarterly financial statements

• Performing independent in-depth analysis of other required insurer filings, such as annual insurance holding company registration statements and audited financial statements of insurers

• Reviewing insurer applications to determine insurers' qualification for Oregon certificate of authority

• Communicating in writing or by telephone with insurers regarding questions or compliance issues

• Responding to calls from attorneys, insurers and the public with questions regarding the application of Oregon law to foreign insurers' financial reporting and investments, and financial condition of foreign and domestic insurers

For a complete listing of the duties and responsibilities of this position, please review the position description by clicking here.

Here’s what you need to qualify:

The goal of this recruitment is to fill this position at the Insurance Examiner level. However, we encourage candidates who meet the Insurance Examiner Entry level minimum qualifications to apply as we may consider underfilling the position for up to 2 years. Underfill candidates will be paid at the Insurance Examiner Entry level salary range of $4,755 to $7,296 monthly and must meet the qualifications for the Insurance Examiner level within 2 years of hire.

Insurance Examiner Minimum Qualifications:

Hold the Accredited Financial Examiner designation offered through the Society of Financial Examiners

Insurance Examiner Underfill Minimum Qualifications:

A bachelor's degree in accounting from an accredited college or university or a bachelor's degree with the successful completion of the following courses:

• Accounting fundamentals (6 semester hours)

• Intermediate accounting (6 semester hours)

• General auditing (3 semester hours)

• Business law (6 semester hours – 3 of the semester hours can be acquired through completion of LOMA, CPCU, or CLU courses)

Requested Skills:

• Strong accounting and analytical skills

• Effective organization and independent work skills

• Proficiency with electronic workpapers and spreadsheets

• Good written and verbal communication skills

• Ability to maintain confidentiality of information

Application information:

• A resume and cover letter are required for this job posting. Please attach them in the “Resume / Cover Letter” section of the application.

• Please ensure that you clearly demonstrate in your application materials that you meet the qualifications listed and that you follow all instructions carefully. Only complete applications received by the posted application deadline date will be considered.

• You may be asked to submit a skills assessment, a writing sample, or a video interview as part of the application screening process.

Additional information:

• Per the Pay Equity Law passed in 2017, a pay equity analysis will be conducted to determine what pay step the successful candidate will be offered.  The analysis will be based on the relevant experience, education, training, and certifications documented in the application materials.  On average, candidates new to state service will most likely be offered compensation in the lower to mid-level of the salary range.

• This position is subject to a fingerprint background check for any convictions directly related to its duties and responsibilities. Only job-related convictions will be considered and will not automatically disqualify the candidate.

• Eligible veterans who meet the qualifications will be given veterans' preference. For further information, please see the following website: Veterans Resources. NOTE: If claiming veterans’ preference please be sure to check your Workday account for pending tasks or actions under your “My Applications” section.

• We hire preferred workers!  For more information, please visit our website: Preferred Worker Program.

• The Department of Consumer and Business Services (DCBS) does not offer VISA sponsorships. If your employment authorization and documentation is contingent on sponsorship now or in the future, you will not meet our agency employment eligibility standards. Within three days of hire, you will be required to complete the US Department of Homeland Security's I-9 form confirming authorization to work in the United States. DCBS will use E-Verify to confirm that you are authorized to work in the United States.

Helpful links and contact information:

Learn more about DCBS

Understanding the State Application Process

Help and Support webpage

For more information you may contact us by e-mail at DCBS.Recruiting@dcbs.oregon.gov or by phone at 503-378-3200.

DCBS is fully committed to attracting, retaining, developing, and promoting the most qualified candidates without regard to their race, gender, color, religion, sexual orientation, national origin, age, physical or mental disability, or veteran status.  For more information, please visit our diversity, equity and inclusion webpage.

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