Insurance Company Licensing Specialist
Insurance Company Licensing Specialist
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$ 58035 - 88235
1 Vacancy
Job Description
THE POSITION
Are you skilled at evaluating information and making sound judgements If so pursue the next milestone in your professional journey with the Pennsylvania Insurance Department Bureau of Licensing and Financial Analysis. As an Insurance Company Licensing Specialist you will utilize your strengths to review and recommend approval or disapproval of applications for licensure or registration as domestic insurers foreign insurers and other riskbearing and nonriskbearing entities. Apply today to become a subject matter expert of our licensing laws and regulations!
DESCRIPTION OF WORK
Within this role you will be tasked with evaluating applications from entities seeking to be registered as surplus lines insurers risk retention groups risk purchasing groups pharmacy benefit managers auditing entities reinsurers and other entities under the jurisdiction of the Insurance Department. Work involves conducting market share analyses upon notification of mergers of companies licensed in PA as well as reviewing proposed corporate names and issuing letters of approval or disapproval. You will also have the opportunity to provide guidance to Insurance Department personnel state regulators other Commonwealth agencies and the general public regarding licensing and insurance holding company matters. Additional responsibilities include reviewing analyzing and making recommendations for approval or disapproval of applications for:
- Initial licensure for newly organized domestic insurers health maintenance organizations and other riskbearing entities domiciled in Pennsylvania
- The merger or acquisition of domestic insurers
- Foreign insurance companies seeking to redomesticate to and licensure in Pennsylvania
- Domestic and foreign insurance companies seeking to amend their certificates of authority
- Nonriskbearing entities including insurance administrators viatical settlement providers reinsurance intermediary brokers reinsurance intermediary managers managing general agents managers exclusive general agents and insurance premium finance companies
Work Schedule and Additional Information:
- Fulltime employment
- Work hours are 7:30 AM to 4:00 PM Monday Friday with a 60minute lunch.
- Telework:You may have the opportunity to work from home (telework) fulltime. You will be required to report inoffice one day per month. In order to telework you must have a securely configured highspeed internet connection and work from an approved location inside Pennsylvania. If you are unable to telework you will have the option to report to the headquarters office in Harrisburg.
- Salary:In some cases the starting salary may be nonnegotiable.
- You will receive further communication regarding this position via email. Check your email including spam/junk folders for these notices.
REQUIRED EXPERIENCE TRAINING & ELIGIBILITY
QUALIFICATIONS
Minimum Experience and Training Requirements:
- One year of professional regulatory experience in the review and analysis of insurance corporation proposals filings operations financial conditions or licensure requests and a bachelors degree in accounting business administration economics finance or a closely related field; or
- One year of professional experience in analyzing financial statements of insurance companies or examining the financial conditions of insurance companies or operations of insurance companies and a bachelors degree in accounting business administration economics finance or a closely related field;or
- An equivalent combination of experience and training which includes one year of professional experience in analyzing financial statements of insurance companies or examining the financial conditions of insurance companies or operations of insurance companies.
Other Requirements:
- You must meet the PA residency requirement. For more information on ways to meet PA residency requirements follow the linkand click on Residency.
- You must be able to perform essential job functions.
How to Apply:
- Resumes cover letters and similar documents will not be reviewed and the information contained therein will not be considered for the purposes of determining your eligibility for the position. Information to support your eligibility for the position must be provided on the application (i.e. relevant detailed experience/education).
- If you are claiming education in your answers to the supplemental application questions you must attach a copy of your college transcripts for your claim to be accepted toward meeting the minimum requirements. Unofficial transcripts are acceptable.
- Your application must be submitted by the posting closing date.Late applications and other required materials will not be accepted.
- Failure to comply with the above application requirements may eliminate you from consideration for this position.
Veterans:
- Pennsylvania law (51 Pa. C.S. 7103) provides employment preference for qualified veterans for appointment to many state and local government jobs. To learn more about employment preferences for veterans go to click the Veterans Preference tab or contact us at.
Telecommunications Relay Service (TRS):
- 711 (hearing and speech disabilities or other individuals).
If you are contacted for an interview and need accommodations due to a disability please discuss your request for accommodations with the interviewer in advance of your interview date.
The Commonwealth is an equal employment opportunity employer and is committed to a diverse workforce. The Commonwealth values inclusion as we seek to recruit develop and retain the most qualified people to serve the citizens of Pennsylvania. The Commonwealth does not discriminate on the basis of race color religious creed ancestry union membership age gender sexual orientation gender identity or expression national origin AIDS or HIV status disability or any other categories protected by applicable federal or state law. All diverse candidates are encouraged to apply.
EXAMINATION INFORMATION
- Completing the application including all supplemental questions serves as your exam for this position. No additional exam is required at a test center (also referred to as a written exam).
- Your score is based on the detailed information you provide on your application and in response to the supplemental questions.
- Your score is valid for this specific posting only.
- You must provide complete and accurate information or:
- your score may be lower than deserved.
- you may be disqualified.
- You may only apply/test once for this posting.
- Your results will be provided via email.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
