Requisition No: 800200
Agency: Financial Services
Working Title: FINANCIAL SPECIALIST – 43000643 (OFFICE OF INSURANCE REGULATION)
Position Number: 43000643
Salary: $52,000.08
Posting Closing Date: 06/21/2023
*****OPEN COMPETITIVE EMPLOYMENT OPPORTUNITY *****
DIVISION: OFFICE OF INSURANCE REGULATION
BUREAU: LIFE AND HEALTH FINANCIAL OVERSIGHT
CITY: TALLAHASSEE
COUNTY: LEON
SPECIAL NOTES:
This position requires a Bachelor’s degree or higher from an accredited college or university with a major in accounting, finance, risk management and insurance, or actuarial science.
Additional preference will be given for:
- One (1) or more years of professional experience in accounting, examining, analyzing or auditing financial statements.
Qualified applicants will be required to take a work sample.
The annual salary for this position is $52,000.08.
Employees of the Department of Financial Services are paid on a monthly pay cycle.
Must be willing to come to work as early as 7:30 a.m. and, when necessary, work until 5:30 p.m.
There will be times when you will be asked to take on work in addition to your normal workload.
This position will require some travel throughout the State of Florida.
This position requires a security background check, including fingerprint as a condition of employment.
Responses to qualifying questions must be clearly supported by the state application and any omission, falsification, or misrepresentation in the answering of the qualifying questions will be cause for immediate elimination from the selection process.
Minimum Qualifications for this position include the following REQUIRED ENTRY LEVEL KNOWLEDGE, SKILLS, AND ABILITIES:
This position requires a bachelor’s degree or higher from an accredited college or university with a major in accounting, finance, risk management and insurance, or actuarial science.
- Knowledge of methods for locating, compiling, organizing, and analyzing financial data.
- Ability to use logic and analysis to identify and correct problems.
- Ability to use own judgment and make independent decisions.
- Ability to effectively communicate both verbally and in writing.
- Ability to establish and maintain effective working relationships with others.
- Proficient with using Microsoft Office Suite and other computer software programs.
OTHER KSAs (Incumbent may learn on job):
- Knowledge of legal and department regulations affecting operations of insurance or holding companies.
- Skill in reading, comprehending, interpreting, and applying laws, rules, regulations, policies, and procedures to determine compliance.
- Ability to conduct moderately complex examinations and special audits to determine solvency of company and ensure that audit objectives are met.
- Ability to continually improve knowledge of NAIC requirements, industry trends, and other matters materially affecting the examination.
BRIEF DESCRIPTION OF DUTIES:
- Under the supervision of the OIR Exam Supervisor of their designee, actively participate as a member of the financial examination team. Analyze and evaluate financial documents and complete examination research assignments, exhibits, and work papers. Participate in and successfully complete assigned areas of the OIR Practical Training and Talent Development for Examiners. The evaluation of financial documents and the completion of research assignments, exhibits, and work papers requires the use of advanced knowledge of accounting, finance, risk management and insurance, or actuarial science principles.
- Under the supervision of the OIR Exam Supervisor or their designee analyze operating and financing agreements, examination and investigation work papers, and contractor invoices to ensure accurate completion and timely submission to the exam manager in accordance with Florida Statutes, the Florida Administrative Code, relevant Office of Insurance Regulation (OIR) policies and procedures, the National Association of Insurance Commissioners (NAIC) Financial Condition Examiners Handbook, and as otherwise directed by the OIR, the Chief Examiner, or the Financial Examination/Analyst Supervisor. The analysis of agreements and work papers requires the use of advanced knowledge of accounting, finance, risk management and insurance, or actuarial science principles.
- Participate in administrative hearings and other legal proceedings related to the above-described examinations and investigations, as required. Participate in NAIC-related activities, and other professional development, as required.
- Travel to and from examination location within and outside of Florida, as required.
- Perform other related work as directed by the OIR.
If you are a retiree of the Florida Retirement System (FRS), please check with the FRS on how your current benefits will be affected if you are re-employed with the State of Florida. Your current retirement benefits may be canceled, suspended, or deemed ineligible depending upon the date of your retirement.
The State of Florida is an Equal Opportunity Employer/Affirmative Action Employer, and does not tolerate discrimination or violence in the workplace.
Candidates requiring a reasonable accommodation, as defined by the Americans with Disabilities Act, must notify the agency hiring authority and/or People First Service Center (1-866-663-4735). Notification to the hiring authority must be made in advance to allow sufficient time to provide the accommodation.
The State of Florida supports a Drug-Free workplace. All employees are subject to reasonable suspicion drug testing in accordance with Section 112.0455, F.S., Drug-Free Workplace Act.
VETERANS’ PREFERENCE. Pursuant to Chapter 295, Florida Statutes, candidates eligible for Veterans’ Preference will receive preference in employment for Career Service vacancies and are encouraged to apply. Certain service members may be eligible to receive waivers for postsecondary educational requirements. Candidates claiming Veterans’ Preference must attach supporting documentation with each submission that includes character of service (for example, DD Form 214 Member Copy #4) along with any other documentation as required by Rule 55A-7, Florida Administrative Code. Veterans’ Preference documentation requirements are available by clicking here. All documentation is due by the close of the vacancy announcement.