- Company
- The Commonwealth of Pennsylvania Insurance Department
- Industry
- Government, Policy, & International Affairs
- Location
- Harrisburg, PA
Are you an inquisitive person who would love to tackle a financial puzzle? If so, the Pennsylvania Insurance Department, Office of Corporate & Financial Regulation, Financial Analysis Division, has an opportunity for you. The Office of Corporate & Financial Regulation is seeking an individual who displays attention to detail and possesses great analytical skills. Put your basic audit and accounting skills to work for you as you review and analyze insurance company financial statements and other filings for compliance and solvency standards protecting policyholders across the state and beyond.
Join the Pennsylvania Insurance Department and gain valuable knowledge in an exciting ever-changing industry and experience professional career growth and a healthy work/life balance.
DESCRIPTION OF WORK:
As a financial analyst, you will conduct basic auditing and accounting functions when reviewing and analyzing insurance company financial statements and other filings to determine compliance with statutes and regulations in support of the solvency surveillance of licensed insurers for the protection of policyholders. You will perform testing and verify the accuracy of financial information submitted by various types of insurance companies through their quarterly and annual statements. You will make determinations on if companies and continuing care retirement communities are operating within the scope of laws as well as determinations of solvency. You will be responsible for recommending corrective action and follow-up procedures necessary to improve the financial condition of a company. You will apply early warning test ratios in your analysis to determine the company’s solvency.
Our ideal candidate will be highly organized and self-motivated. In addition, the candidate must exhibit strong verbal and written communication skills and be able to understand and apply laws, rules, and regulations.
•Full-time employment
•Work Hours: Monday - Friday; 8:00 AM - 4:30 PM with a one-hour lunch
•You will have the opportunity to work from home (telework) up to 3 days a week. In order to telework, you must have a securely configured high-speed internet connection. If you are unable to telework, you will have the option to report to the headquarters office in Harrisburg.
•This position is AWS (Alternate Work Schedule) eligible
•Parking provided by the agency
•Multiple positions may be filled from this posting
REQUIRED EXPERIENCE, TRAINING & ELIGIBILITY:
Qualifications: •Minimum Experience and Training Requirements - One year as a Financial Programs Trainee; OR A bachelor's degree including or supplemented by fifteen credits in accounting; OR Four years of experience in the external audit or examination of the financial conditions and operations of insurance companies; OR An equivalent combination of experience and training.
•Must meet PA residency requirement – For more information on ways to meet PA residency requirements, follow the link and click on Residency.
•Do not submit resumes, cover letters, and similar documents. These documents will not be reviewed and the information contained therein will not be considered for the purposes of determining your eligibility for the position or to determine your score. Information to support your eligibility for the position must be provided on the application (i.e., relevant, detailed experience/education).
•If you are claiming education in your answers to the supplemental application questions, you must attach a copy of your college transcripts for your claim to be accepted toward meeting the minimum requirements. Unofficial transcripts are acceptable.
•Must be able to perform essential job functions.
Veterans: Pennsylvania law (51 Pa. C.S. §7103) provides employment preference for qualified veterans for appointment to many state and local government jobs. To learn more about employment preferences for veterans, go to www.employment.pa.gov/Additional%20Info/Pages/default.aspx and click the Veterans’ Preference tab or contact us at ra-cs-vetpreference@pa.gov.
Telecommunications Relay Service (TRS): 711 (hearing and speech disabilities or other individuals)
The Commonwealth is an equal employment opportunity employer and is committed to a diverse workforce. The Commonwealth values inclusion as we seek to recruit, develop, and retain the most qualified people to serve the citizens of Pennsylvania. The Commonwealth does not discriminate on the basis of race, color, religious creed, ancestry, union membership, age, gender, sexual orientation, gender identity or expression, national origin, AIDS or HIV status, disability, or any other categories protected by applicable federal or state law. All diverse candidates are encouraged to apply.
EXAMINATION INFORMATION:
•Completing the application, including all supplemental questions, serves as your exam for this position. No additional exam is required at a test center (also referred to as a written exam).
•Your score is based on the detailed information you provide on your application and in response to the supplemental questions.
•Your score is valid for this specific posting only.
•You must provide complete and accurate information or: ◦your score may be lower than deserved.
◦you may be disqualified.
•You may only apply/test once for this posting.
•Your results will be provided via email.
