INSURANCE ANALYST IV - 43000286

Insurance Analyst IV - 43000286

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 careers, as well as a wide variety of top insurancerelated courses and professional certifications to ensure that its staff have 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, including health, dental, and vision insurance; retirement plans; flexible spending accounts; health savings accounts; and more. OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules.

This is a highly responsible professional position with both technical and administrative responsibilities. The incumbent provides project management for multiple investigation or examination projects that support the Agency's strategic plan, legislative requirements, and technology needs. The incumbent is responsible for planning and organizing projects to achieve outcomes aligned with the agency's goals. The incumbent will conduct research, provide insurance analysis, and guidance to support project staff and ensure project teams, which may include contractors, follow agency procedures and documentation standards.

• Manage multiple insurance regulatory-related projects that support the Agency's business needs by conducting advanced technical research and market analysis relating to the insurance industry.
• Conduct market and data analysis on industry conduct and structure to assist the Agency with exams and investigations. Act as a resource for NOi and other reviews.
• Provide advanced research and analysis, or guide assigned insurance analysts, for assigned projects. This includes, but is not limited to, in-depth investigations and reviews of policy forms, rates, contracts, endorsements, claims forms and handling practices, underwriting practices, advertising, premium refunds, record management, and other insurance-related business practices.
• Conduct reviews, monitoring, and statutory examinations of certain industry-related companies to support Agency oversight and implementation of the Florida Insurance Codes. Manage the project scope and implementation activities to deliver reports on time and within budget. Ensure the review team adheres to Florida Insurance Code standards and delivers high-quality analysis. Identifies and manages technical and non-technical issues and risks that could impact the project. Uses problem-solving skills to remove obstacles, resolve conflicts, and mitigate risks when possible and escalates to management when appropriate.
• Responsible for record management of electronic files related to the examination or investigation.
• Responsible for the examination plan and management of contractors to ensure high-quality review, analysis, and implementation of the Florida Insurance Code. Design and develop examination plans for Agency oversight and assist with contractor procurement.
• Conduct informal conferences with insurance companies on business practices, validate findings of statutory examinations, and recommend agency action. Report and communicate examination status with project team members, stakeholders, and Agency management.
• Collaborate with legal counsel to articulate the conceptual, logical, and technical aspects of the examination or investigation report.
• Act as a market conduct manager upon earning the IRES designation. Responsible for facilitating the examination between the contractor and insurer, managing project scope and budget, reviewing invoices, monitoring the exam, and escalating exam issues to management.
• Manage and train on examination procedures and techniques.
• Perform other 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 $60,000.00. 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.

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.