Insurance Financial Analyst I

4 weeks ago


Dover, United States DelDOT Full time

Summary Statement

There are two vacancies to be filled with this recruitment. This is the first level of financial analysis work. Positions at this level typically report to a technical superior. Assignments are structured and performed under close supervision.

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 analyses, 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 I
Applicants must have education, training and/or experience demonstrating competence in each of the following areas:

Possession of a Bachelor's degree or higher in Accounting, Finance, Business Administration or related field.

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.


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