Insurance Financial Analyst

$24.16 - $36.24 Hourly

$50,248 - $75,372 Annually

This position is a Pay Band C6

Posting Details

The OSI enforces New Mexico law on insurance matters, including consumer protections, review of insurance forms and rates for accuracy and fairness, and helps New Mexicans address insurance concerns. We oversee and regulate most kinds of insurance in New Mexico and we license the individuals and agencies that sell insurance in the state.

THIS POSTING WILL BE USED FOR ONGOING RECRUITMENT AND MAY CLOSE AT ANY TIME. APPLICANT LISTS MAY BE SCREENED MORE THAN ONCE.

Why does the job exist?

The Financial Analyst role exists to, among other things, develop and execute State of New Mexico and National Association of Insurance Commissioner's ("NAIC") mandated financial analysis of insurance companies operating in the State of New Mexico.

How does it get done?

The key responsibilities of the Financial Analyst include, but are not limited to :

a. Execute of the quarterly risk-focused analysis of assigned New Mexico domicile insurance companies.

b. Observe and practice analysis meeting the State of New Mexico rules and regulations and NAIC accreditation standards.

c. Report all significant issues and concerns to OSI key management team.

d. Maintain schedule to ensure all NM domestic companies meet the NM analysis completion dates per NAIC standards.

e. Maintain liaison with company management, NAIC, and other state regulators.

f. Keep abreast of new developments, accounting standards, laws & regulations at the international, Federal, and NAIC level.

g. Other administrative functions as deemed necessary to assist in the successful completion of the OSI mission, and the oversight of the NM domestic companies.

Who are the customers?

This Financial Analyst role provides the Chief Financial Analyst and other OSI constituents information on analysis conducted on New Mexico domiciled insurance companies and their financial solvency, among other things.

Ideal Candidate

The candidates for the Financial Analyst role will have 0-3 years of experience performing financial examinations of property & casualty, life and health insurance companies, under the auspices of the NAIC Financial Analyst Handbook requirements and statutory accounting requirements, a bachelor's degree or higher education in accounting or finance, a professional designation such as Certified Public Accountant or equivalent, among others, is desirable.

Minimum Qualification

Associate degree in accounting, economics, finance, business administration, or related field and two (2) years of directly related experience in budgeting, accounting, auditing, statistical analysis or similar experience. Any combination of education from an accredited college or university in a related field and / or direct experience in this occupation totaling four (4) years may substitute for the required education and experience. For use at the State Investment Council only : any budgeting, accounting, and / or auditing experience is acceptable.

Employment Requirements

Must possess a valid New Mexico Driver's license, a current defensive driving course certification from the State of New Mexico or must pass Defensive Driving Course Certificate within six months of the date of hire as a condition of continued employment.

Working Conditions

Work is usually performed in an office setting, with extensive exposure to Visual / Video Display Terminal (VDT), personal computer and telephone usage. Some sitting, standing, bending and reaching may be required. Some travel may be required.

Supplemental Information

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Agency Contact Information : Don Gilbert (505) 469-6265. Email

For information on Statutory Requirements for this position, click the Classification Description link on the job advertisement.

Bargaining Unit Position

This position is not covered by a collective bargaining agreement.