Financial Analyst

The NC Department of Insurance is seeking a Financial Analyst to conduct financial analysis of North Carolina domestic captive insurance companies and captive insurer/captive management license applicants.

Salary Recruitment Range: $45,926 - $68,495
Salary Grade: NC12

This position currently qualifies for a hybrid telework option with routine office and remote workday. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles.

To promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect.

This Financial Analyst position will conduct financial analysis of North Carolina domestic captive insurance companies and captive insurer/captive management license applicants, utilizing the latest automated financial analysis systems and procedures intended to safeguard the financial solvency of these insurance companies.

The position will evaluate applications to determine if the captive insurers or captive manager applicants meet the requirements for approval or licensing, and upon completion of each evaluation, this position will recommend appropriate North Carolina Department of Insurance action.

• Document facts and findings.
• Document and develop conclusions and recommendations.
• Communicate with the general public, Department management, and lower & mid-level staff of regulated entities.
• Work with applicable information technology software

We value our employees and offer a wide variety of competitive and family-friendly benefits. Benefits to include:

• 12 Annual paid Holidays
• North Carolina State Health Plan administered by Aetna
• Supplemental Benefits including:
  Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement(TSERS)
• WeSave Employee Discounts

Applicants must submit an application that clearly reflects work experience that demonstrates the following Management Preferences:

• Basic knowledge of financial statements, financial ratios, and the impact of journal entries on financial statement components.
• Basic understanding of insurance concepts.
• Basic knowledge of generally accepted auditing standards (GAAS) and testing methods, generally accepted and statutory accounting principles (GAAP & SSAP), financial accounting concepts and theories and financial analysis procedures.
• Work experience communicating effectively in a clear and concise manner, in both oral and written form.
• Working knowledge of Microsoft Office Software

Bachelor's degree from an appropriately accredited college or university, with the appropriate courses in accounting as defined in 21 NCAC 8A.0309 and other courses required to qualify as a candidate for the uniform certified public accountant examination, based on the examination requirements in effect at the time of graduation.

The Department of Insurance/Industrial Commission is an Equal Employment Opportunity employer and uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals.