FINANCIAL SPECIALIST - 43000833

Financial Specialist - 43000833

The Florida Office of Insurance Regulation (OIR) strives to promote a stable and competitive insurance market for consumers. With a workforce of approximately 250 staff members, OIR regulates one of the largest, most complex insurance markets in the world. OIR offers a range of challenging and rewarding opportunities for individuals looking to grow in their career and offers a wide variety of top insurance-related courses and professional certifications to ensure that its staff has the industry knowledge needed to succeed. OIR employees also have access to the State of Florida's tuition waiver program, which offers educational assistance to full time, salaried employees.

As a State Agency, OIR offers excellent benefits such as health insurance, dental insurance, vision insurance, retirement plans, flexible spending accounts, health savings accounts, and much more. OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules.

This position is a part of OIR's Application Unit which analyzes licensing applications and corporate amendment applications of insurers. The primary duties, responsibilities, and educational requirements are taken from the National Association of Insurance Commissioner's Company Licensing Handbook. This position requires extensive training and education and requires the employee to exercise discretion and judgment in determining the appropriate action based on the financial condition and prospective solvency of the insurance company being analyzed. This position will primarily handle domestic licensing applications and all types of non-domestic licensing applications. The primary duties of the position are :

• Analyze and make recommendations as to whether filed primary (domestic), redomestication, or expansion (foreign / alien) applications for Florida certificate of authority meet statutory requirements to be granted authorization pursuant to Chapter 624, Florida Statutes.
• Analyze and make recommendations as to whether filed Prepaid Limited Health Service Organization and Discount Plan Organization applications for a Florida certificate of authority meet statutory requirements to be granted authorization in the state of Florida pursuant to Chapter 636, Florida Statutes.
• Analyze and make recommendations as to whether filed Health Maintenance Organization and Prepaid Health Clinic applications for a Florida certificate of authority meet statutory requirements to be granted authorization in the state of Florida pursuant to Chapter 641, Florida Statutes.
• Analyze and make recommendations as to whether filed Applications for acquisition of domestic Life and Health Companies and Health Maintenance Organizations meet statutory requirements defined by Chapter 628, Florida Statutes.
• Analyze and make recommendations as to whether filed Administrator application for a certificate of authority meets statutory requirements to be granted authorization in the state of Florida pursuant to Chapter 626, Florida Statutes.
• Analyze proposed changes in laws and regulations to determine impact changes may have on managerial policy. Participate and assist in the promulgation of rules and legislation.
• Answers questions pertaining to work related assignments from any level of the department or private sector and handle complaints from licensees and consumers.
• Monitor management information systems, design and implement modifications when necessary.
• Process assigned public record requests related to assigned Companies.
• Participate in training courses so as to develop new and improve upon existing skills to improve execution and effectiveness of the financial analysis process.
• Perform other related duties as required.

Minimum qualifications for this position include the following required entry level knowledge, skills, and abilities :

Qualified applicants will be required to take a work sample. The annual salary for this position is $59,000.04. Employees of the Office of Insurance Regulation are paid on a monthly pay cycle. This is a non-remote on-site position located in Tallahassee, FL.

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. 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. 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.

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.