Insurance Financial Analyst I

This is the first level of financial analysis work. Positions at this level typically report to a technical superior. Assignments are structured and performed under close supervision. 

Essential functions are fundamental, core functions common to all positions in the class series and are not intended to be an exhaustive list of all job duties for any one position in the class. Since class specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here.

• Review and analyze annual and quarterly financial statements, trend analyses, S.E.C. filings, audit reports and holding company information to include reinsurance agreements, service agreements, tax allocation agreements and other inter-company arrangements.
   
• Apply SAP accounting principles, practices, methods and techniques in the review of financial and management issues.
   
• Compute and interpret financial ratios to identify hazardous financial conditions or potential hazardous financial conditions.
   
• Research and analyze various financial transactions between parent company, affiliates, and subsidiaries.
   
• Research and analyze various transactions involving acquisitions and mergers.
   
• Review requests by licensed companies to add lines of business; defend recommendation for approval or disapproval.
   
• Review applications for re-domestication and applications to conduct business within the State of Delaware; consider financial condition of the company and/or parent company, expertise and size of business.
   
• Review consumer complaints to identify solvency issues or patterns of regulatory violations.
   
• Complete analysis for assigned companies; prepare summary reports consisting of NAIC questionnaires for review by Director and Commissioner.
   
• Provide testimony during public hearings and legal actions.

JOB REQUIREMENTS for Insurance Financial Analyst I
Applicants must have education, training and/or experience demonstrating competence in each of the following areas:

1. Possession of a Bachelor's degree or higher in Accounting, Finance, Business Administration or related field.

To learn more about the comprehensive benefit package please visit our website at https://dhr.delaware.gov/benefits/

The application and supplemental questionnaire are evaluated based upon a rating of your education, training and experience as they relate to the job requirements of the position.  It is essential that you provide complete and accurate information on your application and the supplemental questionnaire to include dates of employment, job title and job duties.  For education and training, list name of educational provider, training course titles and summary of course content.   Narrative information supplied in response to the questions must be supported by the information supplied on the application including your employment, education and training history as it relates to the job requirements.

Once you have submitted your application on-line, all future correspondence related to your application will be sent via email.  Please keep your contact information current.  You may also view all correspondence sent to you by the State of Delaware in the “My Applications” tab at Delaware State Jobs.

Accommodations are available for applicants with disabilities in all phases of the application and employment process.  To request an auxiliary aid or service please call (302) 739-5458. TDD users should call the Delaware Relay Service Number 1-800-232-5460 for assistance.

The State of Delaware is an Equal Opportunity employer and values a diverse workforce. We strongly encourage and seek out a workforce representative of Delaware including race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression.