Rate Analyst

Recruitment #200818-UNCE-287

Introduction

APPLICATION INSTRUCTIONS:

To Apply send resume by email to:

angie.powers@oid.ok.gov
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#20-11
This position
is open until filled.

The Oklahoma Insurance Department has an opening in the Rate and Form Division for a Rate Analyst I or II. The salary is $37,000 for a level I and $40,000 for a level II. 

Rate Analyst I

DEFINITION
:
Under immediate supervision, review and analyze rate, manual rule and form filings to ensure compliance with Oklahoma statutes, regulations and case law.

DUTIES AND RESPONSIBILITIES:
• Electronically review and analyze insurance filings, such as rate, rule and form filings, for final disposition
• Assist with problems, questions or projects concerning insurance rates, rules and forms
• Communicate with companies in writing or by telephone regarding information relative to specific filings or Oklahoma requirements in general
• Engage in specialized studies of various insurance issues
• Provide assistance in locating filings or information in filings for the general public or insurance industry
• Perform related work as required or assigned

KNOWLEDGE AND SKILLS:
Develop and expand insurance knowledge including marketplace and laws
Should have intermediate level knowledge and skill in Microsoft Office, including Excel, Word, Outlook, and have the ability to learn SBS and SERFF software
Maintain effective working relationships internally and externally.
Manage time effectively to meet deadlines
Must be able to work independently and within a group
Must possess good customer service skills, handling confidential work with tact and discretion
Represent the Department internally and externally effectively and professionally
Communicate effectively
Must possess strong organization skills with the ability to multi-task
Must be detail oriented but able to see the “big picture”
Understand statutes, regulations, policies and procedures and how to apply them to conduct the business of the Department

EDUCATION AND EXPERIENCE:
Applicants should have property and casualty experience with a preference given to applicants with multiline commercial experience.

Bachelor’s degree desired with one year of experience working with rate, rule, or form filings is required. Preference may be given to applicants with strong insurance knowledge.

Rate Analyst II

DEFINITION:
Under immediate supervision, review and analyze forms and rate filings to ensure compliance with Oklahoma statutes, regulations and case law.

DUTIES AND RESPONSIBILITIES:
• Electronically review and analyze insurance filings, such as rate, rule and form filings, for final disposition
• Assist with problems, questions or projects concerning insurance rates, rules and forms
• Communicate with companies in writing or by telephone regarding information relative to specific filings or Oklahoma requirements in general
• Engage in specialized studies of various insurance issues
• Provide assistance in locating filings or information in filings for the general public or insurance industry
• Perform related work as required or assigned
• Prepare various ad hoc reports for internal and external parties.

KNOWLEDGE AND SKILLS:
Develop and expand insurance knowledge including marketplace and laws
Should have intermediate level knowledge and skill in Microsoft Office, including Excel, Word, Outlook, and have the ability to learn SBS and SERFF software
Maintain effective working relationships within OID and with external parties
Manage time effectively to meet deadlines
Must be able to work independently and within a group
Must possess good customer service skills, handling confidential work with tact and discretion
Represent the Department internally and externally effectively and professionally
Communicate effectively with others
Must possess strong organization skills with the ability to multi-task
Must be detail oriented but able to see the “big picture”
Understand statutes, regulations, policies and procedures and how to apply them to conduct the business of the Department
Knowledge of the Affordable Care Act (ACA) and any new healthcare legislation and its impact on the marketplace
Experience with tracking changes in new laws, regulations, and others
Willing to obtain or keep current professional designations and their continuing education requirements

EDUCATION AND EXPERIENCE:
Bachelor’s degree desired and experience as an insurance company life and health underwriter or premium rater. Preference will be given to those who have additional insurance designations. (FLMI, CPCU, CIC, CPIW, IIA, etc.). Applicants must have extensive life and health experience analyzing life and health insurance policies and riders. Preference will be given to applicants with strong insurance knowledge.

NOTE: Upon hire, any applicant who is licensed as a producer/agent, adjuster or is otherwise affiliated with any entity that is regulated by the department must surrender their license and terminate any financial or non-financial affiliation with the entity that is regulated by the department. The selected applicant must pass a background check. Individual may be required to pursue NAIC designations as job duties require.

Employees of the Oklahoma Insurance Department are unclassified employees of the state.  For benefits offered by the State of Oklahoma to employees of the state, please use this link to access the Office of Human Capital Management benefits page at https://omes.ok.gov/services/employee-benefits EEO/AA

Conclusion

Veteran's Preference Points Apply only for initial appointment in the Classified Service.