Financial Analyst I
Financial Analyst I
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1 Vacancy
Job Description
The work we do matters!
Hiring Agency:
Insurance - Agency 22
Location:
Hiring Rate:
Job Posting:
Applications No Longer Accepted On (If no date is displayed job is posted as open until closed):
Job Description:
Our Financial Regulation Division is responsible for monitoring the financial solvency of one of the largest domestic industries in the country. As part of our financial solvency monitoring we conduct ongoing analysis of quarterly financial statements and other statutory filings and conduct on-site financial examinations every three to five years. We take a risk-focused approach and strive to identify financial issues early to address problems and/or rehabilitate companies prior to insolvency.
Our financial analysts are experts in monitoring the financial well-being and compliance for more than one hundred (100) insurance companies which is a very important service to the citizens of Nebraska as well as citizens in other states.
Please note this job is not eligible for remote work. Work is performed at our office location in Lincoln NE.
Starting Salary is $51600.64/ year. Advancement does require completion of at least three hours of management coursework which can be acquired after hire as well as meeting other requirements such as experience and verification of proven technical abilities.
Look at what we have to offer!
13 paid holidays
Vacation and sick leave that begin accruing immediately
Military leave
156% (thats not a typo!) state-matched retirement
Tuition reimbursement
Employee assistance program
79% employer paid health insurance plans
Dental and vision insurance plans
Employer-paid $20000 life insurance policy
Public Service Loan Forgiveness Program (PSLF) through the Federal government
Wide variety and availability of career advancement as the largest and most diverse employer in the State
Opportunity to be part of meaningful work and make a difference through public service
Training and Development based on your career aspirations
Fun inviting teammates
A safe and secure environment
At the State we stand by our core values of treating others with dignity and respect acting ethically in all situations and creating an environment where our customer is our top priority. Apply to join our team today!
Job Duties:Perform in-depth analysis of financial statements and supplemental filings to assess insurance companys financial condition to identify prospective risks and to detect possible regulatory/compliance violations. Review and interpret laws regulations and statutory accounting principles as they apply to insurance companies. Complete work in conformance with the National Association of Insurance Commissioners (NAIC) timelines and best practices. Review independent rating agencies reports SEC filings holding company filings current trade periodicals news items legislation and NAIC tools policies and guidelines. Correspond with company executives department staff and other regulators to discuss and evaluate compliance and whether regulatory actions are needed. Prepare and present summary reports and recommended actions to the Assistant Chief Examiner and other NDOI senior management as assigned. Organize and maintain files containing insurance company information and workpapers. Other duties as assigned within the scope of the classification.
Requirements / Qualifications
Minimum Qualifications: Bachelors Degree from an accredited college or university in a business-related field (accounting economics finance risk management etc.) with a preference for accounting or finance courses including auditing. Accounting/auditing work experience is beneficial. In addition applicant should have at least three hours of Business Law.
Other:Regular and reliable attendance is required.
Knowledge Skills & Abilities:
Analytical mindset
Organized
Detail-oriented
Self-started and ability to work independently with support
Knowledge of theory and practice of accounting and auditing
Working knowledge of Microsoft Excel Word and Outlook
Ability to analyze financial data company operations and preparation of reports
Effective communication skills both orally and written to present information comments and recommendations clearly concisely and comprehensively
Benefits
We offer a comprehensive package of pay benefits paid time off retirement and professional development opportunities to help you get the most out of your career and life. Your paycheck is just part of your total compensation.
Check out all that the State of Nebraska has to offer! Benefit eligibility may vary by position agency and employment status. For more information on benefits please visit: Opportunity Statement
The State of Nebraska values our teammates as well as a supportive environment that strives to promote diversity inclusion and belonging. We recruit hire train and promote in all job classifications and at all levels without regard to race color religion sex. age national origin disability marital status or genetics.
Current employees of the State of Nebraska should NOT apply on this external career. Instead go to Workday and access the Jobs Hub - Internal Apply app from your home landing page.
Required Experience:
IC
Employment Type
Full-Time
