State of Oklahoma · 1 day ago
Financial Analyst I
Oklahoma County
Full-time
Hybrid
New Grad, Entry Level
$58K/yr - $58K/yr
0+ years expThe State of Oklahoma, through the 385 Oklahoma Insurance Department, is seeking a Financial Analyst I responsible for conducting risk-focused financial analysis of insurance companies. This role involves evaluating financial conditions, ensuring statutory compliance, and producing detailed reports on insurer profiles.
CommunitiesConsultingGovernmentHealth CareNon Profit
Responsibilities
Conduct risk assessments of insurance companies through risk-focused analysis of assigned insurance companies
Review annual and quarterly insurer financial statements and related supplemental regulatory filings of assigned companies for financial stability, solvency, and statutory compliance
Create Insurer Profile Summary reports and Group Profile Summary reports
Review applications for Mergers, Acquisitions, and Redomestications
Identify concerns, recommend resolutions, and forward the reports to the Chief Financial Analyst
Handle oral and written correspondence with management of insurance companies, other state regulators, examiners, etc. to discuss financial condition, statutory compliance and other issues
Review and approve administrative changes for assigned companies
Meet with various representatives of assigned insurance companies as necessary
Produce material for examinations; attend examination meetings and interviews, ensure corrective action has been taken on examination report exceptions
Maintain continuing education to meet NAIC accreditation standards, such as NAIC webinars, periodic out of state training/conferences, and specific financial analyst training
Perform special projects or additional duties as assigned by the Chief Financial Analyst
Qualification
Required
Bachelor's degree in accounting, economics, finance, or actuarial science
Zero to three years of experience in financial analysis, insurance financial analysis
Strong communication and organizational skills
Ability to maintain effective and positive working relationships
Strong time management skills and ability to work independently
Ability to interpret and apply statutes, policies, and procedures in the conduct of the Department's regulatory responsibilities
Proficiency in Office 365 environment across a multitude of applications, such as Word, Excel, Outlook, SharePoint, Teams, etc
Preferred
Familiarity with insurance accounting concepts, including statutory accounting principles (SAP), generally accepted accounting principles (GAAP), and applicable state insurance statutes
Preference will be given to applicants holding at least one of the following designations: CPA, CFE, AFE, CIE, AIE, FLMI, CPCU or ICCIE (ACI or CCI)
Company
State of Oklahoma
State of Oklahoma is a government organization that provides community development, education, employment, and health services.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Dan Cronin
CIO and Chief Transformation Officer
David Ostrowe
Chief Operational Officer
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