Financial Analyst I

Salary: $44,588.00 - $78,028.00 Annually
Location : Wake County, NC
Job Type: Permanent Full-Time
Job Number: 24-13424/60013589
Department: Dept of Insurance
Division: Administration
Opening Date: 10/23/2024
Closing Date: 11/20/2024 5:00 PM Eastern
Job Class Title: Financial Analyst I
Position Number: 60013589
Salary Grade: NC12
Recruitment Range: $44,588 - $70,000
Description of Work
Salary Recruitment Range: $44,588 - $70,000
Salary Grade: NC12
Mission of the Department of Insurance:
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.
Primary Purpose of the Position:
This position is assigned to Actuarial Services Division of the North Carolina Department of Insurance. This position provides technical support to the Chief Actuary and the Company Services Group and assists with the actuarial reviews and examination of P&C insurers and Risk Retention Groups. This position assists with devising and conducting special studies on important issues affecting P& C insurance and performs special technical projects as assigned by the Chief Actuary. This position also assist with the actuarial reviews and examinations of P&C insurers and risk retention groups.
Incentives of NC State Employment: 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 Blue Cross Blue Shield of NC
• Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement (TSERS)
• WeSave Employee Discounts

Learn more about new hire resources, safety, health, and wellness information, leave options, employee discounts and more by selecting the link below:
Knowledge, Skills and Abilities / Competencies

• Basic knowledge of the general principles of financial management, investment capital risk analysis, debt management, and generally accepted accounting principles and/or investment practices.
• Basic knowledge of current federal, state and local government programs.
• Basic knowledge of technical and administrative rules and regulations in the subject area.
• Communication skills to relay industry information regarding current issues and to present findings in such situations.
• Ability to prepare written findings and present recommendations supported by facts and to prepare and analyze financial information involving existing issues pertaining to the subject area and to present it in oral and/or written form.
• Basic problem-solving skills to interpret compliance and report findings to management.
• Basic project management skills to work as a team to develop new processes and procedures based upon changes in laws and regulations or industry practice.
• Ability to provide appropriate documentation to support conclusions.
• Ability to organize and format reports to comply with applicable guidelines.
• Ability to review and document compliance with laws and regulations.

Minimum Education and Experience Requirements
Bachelor's degree in actuarial science, mathematics or closely related field from an appropriately accredited institution.
Prefer that candidates have passed one actuarial exam. Candidates are expected to pursue membership in the Casualty Actuarial Society
Supplemental and Contact Information
For consideration for this vacancy, all applicants must complete an on-line application using the "APPLY" button above. If multiple applications are submitted to an individual posting, only the most recent application received prior to the posting close date will be evaluated for the consideration. Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript.
Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC, your academic credentials will be verified.
To receive credit for your work history and credentials, you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit.
The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment. Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications, disciplinary action, and possible criminal prosecution.
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.
***INCLUDE ALL RELEVANT EDUCATION, WORK EXPERIENCE IN THE DESIGNATED EDUCATION AND WORK HISTORY SECTION ON THE FORMAL APPLICATION***
***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy***
Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
Applicants seeking Veteran's Preference under N.C.G.S .126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date.
Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system using the above link. Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.
For consideration for this vacancy, all applicants must complete an on-line application using the "APPLY" button above. If multiple applications are submitted to an individual posting, only the most recent application received prior to the posting close date will be evaluated for the consideration. Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript.
Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC, your academic credentials will be verified.
To receive credit for your work history and credentials, you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit.
The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment. Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications, disciplinary action, and possible criminal prosecution.
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.
***INCLUDE ALL RELEVANT EDUCATION, WORK EXPERIENCE IN THE DESIGNATED EDUCATION AND WORK HISTORY SECTION ON THE FORMAL APPLICATION***
***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy***
Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
Applicants seeking Veteran's Preference under N.C.G.S .126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date.
Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system using the above link. Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.
NOTE: For temporary, contract or other supplemental staffing appointments:
There are no paid leave, retirement or other benefits associated with these appointment types.
For permanent and time-limited appointments:
Eligible employees have benefits that include employee health insurance options, standard and supplemental retirement plans, NC Flex (a variety of high-quality, low-cost benefits on a pre-tax basis), and paid vacation, sick, and community service leave, to name a few. Paid parental leave is available for eligible employees. Some benefits require 30 + hours work/week for participation.
01
The answers to the supplemental questions associated with this vacancy are verified against the education and work experiences documented in the "Education" and "Work Experience" sections of the application. Qualifying credit will be given for completed education and work experience that is documented in the respective sections. Please affirm by checking the following selection.

• I acknowledge that per the above statement, consideration for qualifying credit will only be given for education or work experience included in the "Education" and "Work Experience" sections of the application.

02
If offered this position, are you willing to accept a salary between the recruitment range of $44,588 - $70,000?

• Yes
• No

03
Do you have basic knowledge of the general principles of financial management, investment capital risk analysis, debt management, and generally accepted accounting principles and/or investment practices?

• Yes
• No

04
Do you have basic knowledge of current federal, state and local government programs?

• Yes
• No

05
Do you have basic knowledge of technical and administrative rules and regulations in the subject area?

• Yes
• No

06
Do you have experience with communication skills to relay industry information regarding current issues and to present findings in such situations?

• Yes
• No

07
Do you have the experience to prepare written findings and present recommendations supported by facts and to prepare and analyze financial information involving existing issues pertaining to the subject area and to present it in oral and/or written form?

• Yes
• No

08
Do you have basic problem-solving skills to interpret compliance and report findings to management?

• Yes
• No

09
Do you have basic project management skills to work as a team to develop new processes and procedures based upon changes in laws and regulations or industry practice?

• Yes
• No

10
Do you have the experience to provide appropriate documentation to support conclusions?

• Yes
• No

11
Do you have the experience to organize and format reports to comply with applicable guidelines?

• Yes
• No

12
Do you have the experience to review and document compliance with laws and regulations?

• Yes
• No

13
Have you ever been convicted of an offense against the law other than a minor traffic violation? (A conviction does not mean you cannot be hired. The offense and how recently you were convicted will be evaluated in relation to the position for which you are applying.)

• Yes
• No

14
If you answered "yes" to the previous question, please indicate in *DETAIL* the offense(s) and date(s) of the offense(s).
Required Question