What are the responsibilities and job description for the Insurance Financial Analyst II position at State of Delaware - Other Elective/Insurance Comm?
Summary Statement
Looking for a stable career with strong benefits and clear growth opportunities? This Financial Analyst II position offers meaningful public-service work within state government, a supportive environment, and hands-on learning under experienced mentors. Enjoy predictable schedules, a focus on professional development, and exposure to leadership and decision-making processes. As a career-ladder role, it provides a clear path to higher-level analyst positions, making it an ideal opportunity for individuals seeking both skill-building and long-term advancement in a respected public-sector organization.
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: Bureau of Company Examination, Rehabilitation and Guaranty Possession of a Bachelor's degree or higher in Accounting, Finance, Business Administration or related field. Two years' experience in�accounting using Statutory Accounting Principles (SAP) and/or Generally Accepted Accounting Principles (GAAP). Two years' experience�compiling, analyzing and interpreting financial data to ensure effective and efficient accounting of funds or to make projections for financial planning. Two years' experience�in interpreting and analyzing financial reports. Six months' experience in interpreting laws, rules, regulations, standards, policies, and procedures.
Additional Posting Information
All applicants will be required to provide an official College Transcript at the time of�interview.
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. All new hires are required to report to the Statewide New Employee Orientation (SNEO) on their first day of employment. Sessions are held at designated locations in Kent or New Castle County.
Benefits
To learn more about the comprehensive benefit package please visit our website at https://dhr.delaware.gov/benefits/
Selection 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 at�StateJobs.Delaware.gov.
Accommodations
Accommodations are available for applicants with disabilities in all phases of the application and employment process.� Individuals who use TDD may request auxiliary aid or service by calling (800) 232-5470 or by visiting�delawarerelay.com.� If you need assistance with an accommodation under the Americans with Disabilities Act (ADA) or general applicant support, you may call (302) 739-5458 or email jobs@delaware.gov. The State of Delaware is an Equal Opportunity employer and values a diverse workforce. We strongly encourage and seek out a workforce representative of Delaware including race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression.�