drjobs Captive Insurance Financial Analyst II

Captive Insurance Financial Analyst II

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1 Vacancy
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Job Location drjobs

Dover - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Summary Statement

The Captive Insurance Financial Analyst II is responsible for evaluating the financial solvency of domestic captive entities by reviewing and analyzing annual statements audited financials and actuarial opinions and determining their compliance with the State of Delaware captive insurance laws. The analyst provides recommendations regarding the financial health of assigned captive insurance companies.

Essential Functions

Essential functions are fundamental core functions common to all positions in the class series and are not intended to be an exhaustive list of all job duties for any one position in the class. Since class specifications are descriptive and not restrictive incumbents can complete job duties of similar kind not specifically listed here.
  • Review and analyze annual and quarterly financial statements trend analysis S.E.C. filings audit reports and holding company information to include reinsurance agreements service agreements tax allocation agreements and other inter-company arrangements.
  • Apply SAP accounting principles practices methods and techniques in the review of financial and management issues.
  • Compute and interpret financial ratios to identify hazardous financial conditions or potential hazardous financial conditions.
  • Research and analyze various financial transactions between parent company affiliates and subsidiaries.
  • Research and analyze various transactions involving acquisitions and mergers.
  • Review requests by licensed companies to add lines of business; defend recommendation for approval or disapproval.
  • Review applications for re-domestication and applications to conduct business within the State of Delaware; consider financial condition of the company and/or parent company expertise and size of business.
  • Review consumer complaints to identify solvency issues or patterns of regulatory violations.
  • Complete analysis for assigned companies; prepare summary reports consisting of NAIC questionnaires for review by Director and Commissioner.
  • Provide testimony during public hearings and legal actions.

Job Requirements

JOB REQUIREMENTS for Insurance Financial Analyst II
Applicants must have education training and/or experience demonstrating competence in each of the following areas:

    Captive Bureau

    1. Possession of a Bachelors degree or higher in Accounting Finance Business Administration or related field.
    2. Two years experience in accounting using Generally Accepted Accounting Principles (GAAP).
    3. Two years experience compiling analyzing and interpreting financial data to ensure effective and efficient accounting of funds or to make projections for financial planning.
    4. Two years experience in interpreting and analyzing financial reports.
    5. Six months experience in interpreting laws rules regulations standards policies and procedures.

    Additional Posting Information

    All applicantswill be required to provide an official College Transcript at the timeofinterview.

    Conditions of Hire

    Applicants must be legally authorized to work in the United States. The State of Delaware Executive Branch participates in the Federal E-Verify system where the State will provide the federal government with each new hires Form I-9 information to confirm that you are authorized to work in the U.S. For more information refer to our job seeker resources.

    Benefits

    To learn more about the comprehensive benefit package please visit our website at Process

    The application and supplemental questionnaire are evaluated based upon a rating of your education training and experience as they relate to the job requirements of the position. It is essential that you provide complete and accurate information on your application and the supplemental questionnaire to include dates of employment job title and job duties. For education and training list name of educational provider training course titles and summary of course content. Narrative information supplied in response to the questions must be supported by the information supplied on the application including your employment education and training history as it relates to the job requirements.

    Once you have submitted your application on-line all future correspondence related to your application will be sent via email. Please keep your contact information current. You may also view all correspondence sent to you by the State of Delaware in the My Applications tab .

    Accommodations


    Required Experience:

    IC

    Employment Type

    Full-Time

    About Company

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