Job Details

Examiner Financial Analyst

The Idaho Department of Insurance (DOI) is seeking to fill a full-time, exempt Examiner Financial Analyst (EFA) to join its team of professionals! We are looking for an individual who understands the insurance industry, financial analysis, and has a passion for consumer protection. As part of the Company Activities Bureau, this position protects Idaho policyholders by performing in-depth analysis reviews to ensure that insurance companies and other regulated entities remain solvent and comply with Idaho insurance laws, rules, procedures, guidance, administrative directives, and requirements of the National Association of Insurance Commissioners (NAIC).

Examiner Financial Analysts are required to earn the professional designations from the Society of Financial Examiners (SOFE) of the Accredited Financial Examiner (AFE) within 3 years of hire, and the Certified Financial Examiner (CFE) within 3 years after the AFE. The Department pays for associated fees, materials, and study time. This position has a career ladder of three levels. The successful candidate will be hired at a commensurate level based on qualifications and designations.

How To Apply

In addition to filling out the associated application, applicants must attach and submit:

• A cover letter detailing your position-related background and experience, including:
• A self-rated skill level with Generally Accepted Accounting Principles ("GAAP") and/or Statutory Accounting Principles ("SAP") as beginner, proficient or advanced with an example that demonstrates the reason for your self-rating.
• The length of time you have professionally used GAAP and/or SAP.
• The qualified educational requirements that you have successfully completed, as listed in the minimum qualification and on the SOFE website.
• A resume relevant to this position.
• A list of three (3) professional references detailing the length and nature of your association including email addresses.

Responsibilities

Monitors financial solvency of Idaho licensed domestic and foreign insurance-related entities by performing in-depth review and analysis of regular periodic filings based on Idaho and national procedures manuals. Conducts initial level review/analysis of self-funded health care plans registered in Idaho. Provides recommendations to the supervisor regarding regulatory actions related to insurers' financial performance. Ensures that the financial analysis performed meets national standards and accreditation standards of the NAIC. Monitors changes to Statements of Statutory Accounting Principles (SSAP), model laws and other activities of the NAIC, which affect financial reporting and regulation of insurance companies. Participates in all assigned training classes (this will include some travel out of state). Earn the AFE designation and CFE designation within the required time frame.

Minimum Qualifications

A bachelor's degree in accounting from an accredited college or university, OR a bachelor's degree in another field of study from an accredited college or university and have successfully completed ALL of the following courses:

• Accounting Fundamentals (6 semester hours)
• Finance or Economics (3 semester hours)
• Business Law (3 semester hours)
• The three (3) semester hours of business law requirement may be met through the successful completion of the college level law courses offered by LOMA, CPCU, or CLU, may be substituted for the required semester hours (you must provide documentation from LOMA, CPCU, or CLU to verify this course).
• Management course (3 semester hours)

The Ideal Candidate has:

• Compelling customer service, positive attitude and a desire to assist Idahoans.
• Working knowledge and experience with Generally Accepted Accounting Principles (GAAP), reviewing financial statements, and familiarity with auditing procedures.
• Knowledge of Statutory Accounting Principles (SAP) and financial analysis, and insurance regulatory standards.
• Professional experience researching, interpreting, and applying laws and authoritative standards.
• Ability to interpret financial reports and other information to write qualitative and quantitative risk statements.

This position has a career ladder of three levels within the Company Activities Bureau. The successful candidate will be hired at a commensurate level with qualifications.

Supplement Information

The DOI is the executive agency that regulates the business of insurance in Idaho, as part of the U.S. insurance regulatory framework designed to protect policyholders and to serve the greater public interest. This position is exempt from classified state service and the rules of the Division of Human Resources and the Idaho Personnel Commission. The mission of the Department of Insurance is to serve and protect Idahoans by equitably, effectively, and efficiently administering the Idaho Insurance Code and the International Fire Code. The Department of Insurance is in downtown Boise across the street from the state's Capitol Building. Boise, Idaho has consistently received top billing as one of the best places to live in the country!

Benefits

This benefited position enjoys:

• Excellent medical, dental, and vision insurance health plans
• Nationally recognized PERSI retirement benefits
• Paid sick and vacation leave accrual upon hire
• Paid parental leave
• 11 paid holidays annually
• A healthy work-life balance
• Career growth and professional development opportunities

For additional information related to benefits and/or State programs visit:

EEO/ADA/VETERAN: The State of Idaho is committed to providing equal employment opportunities and prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, political affiliation or belief, sex, national origin, genetics, or any other status protected under applicable federal, state, or local laws. The State of Idaho is committed to access and reasonable accommodations for individuals with disabilities, auxiliary aids and services are available upon request. If you require an accommodation at any step in our recruitment process, you are encouraged to contact (208) ###-#### (TTY/TTD: 711), or email [email protected] . Preference may be given to veterans who qualify under state and federal laws and regulations.