Job Information
MyFlorida FINANCIAL CONTROL ANALYST - 43000764 in TALLAHASSEE, Florida
FINANCIAL CONTROL ANALYST - 43000764
Date: Mar 6, 2025
The State Personnel System is an E-Verify employer. For more information click on our E-Verify Website (http://www.dms.myflorida.com/workforce_operations/human_resource_management/for_job_applicants/e_verify) .
Requisition No: 848037
Agency: Financial Services
Working Title: FINANCIAL CONTROL ANALYST - 43000764
Pay Plan: Career Service
Position Number: 43000764
Salary: 62,000.04
Posting Closing Date: 03/21/2025
Total Compensation Estimator Tool (https://compcalculator.myflorida.com/)
OPEN COMPETITIVE EMPLOYMENT OPPORTUNITY
OFFICE OF INSURANCE REGULATION
BUREAU: LIFE & HEALTH FINANCIAL OVERSIGHT
CITY: TALLAHASSEE
COUNTY: LEON
The Florida Office of Insurance Regulation (OIR) Strives to promote a stable and competitive insurance market for consumers. With a workforce of approximately 250 staff members, OIR regulates one of the largest, most complex insurance markets in the world.
OIR offers a range of challenging and rewarding opportunities for individuals looking to grow in their career and offers a wide variety of top insurance – related courses and professional certifications to ensure that its staff has the industry knowledge needed to succeed. OIR employees also have access to the State of Florida’s tuition waiver program, which offers educational assistance to full time, salaried employees.
As a State Agency, OIR offers excellent benefits such as health insurance, dental insurance, vision insurance, retirement plans, flexible spending accounts, health savings accounts, and much more. OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules.
Click the links below to see the many benefits and retirement options you have as a State of Florida employee.
https://www.mybenefits.myflorida.com/
https://myfrs.com/ContactUs.htm
Brief Description of Duties and Responsibilities:
(Incumbent of position is a member of DFS’ Disaster Response Team and, in that capacity, may be required on short notice to perform duties and necessary attendant travel in support of disaster relief efforts.)
This position is a part of OIR’s Examination Unit which conducts examinations of the affairs, transactions, accounts, records, and assets of each authorized insurer as required by Section 624.316, F.S. The primary duties, responsibilities, and educational requirements are taken from the National Association of Insurance Commissioner’s Financial Condition Examiners Handbook, which the Office has adopted by Rule, and the National Association of Insurance Commissioner’s Accreditation Program Manual. This position requires extensive training and education and requires the employee to exercise discretion and judgment in determining the appropriate action based on the financial condition and prospective solvency of the insurance company being examined.
This position performs duties related to complex insurer examinations.
Independently analyze complex operating and financing agreements, examination and investigation work papers, and contractor invoices to ensure accurate completion and timely submission to the exam manager in accordance with Florida Statutes, the Florida Administrative Code, relevant Office of Insurance Regulation (OIR) policies and procedures, the National Association of Insurance Commissioners (NAIC) Financial Condition Examiners Handbook, and as otherwise directed by the OIR, the Chief Examiner, or the Financial Examination/Analyst Supervisor. The analysis of complex agreements and work papers requires the use of advanced knowledge of accounting, finance, risk management and insurance, or actuarial science principles.
Review and evaluate contractor deliverables to ensure contractors remain within approved examination scope and budget amounts and to ensure no material matter of an examination or investigation remains unaddressed. Ensure discussions with contracted examiners and internal OIR staff are documented to verify occurrence and sufficiency of supervisory oversight.
Actively participate as a member of the financial examination team. Independently analyze and evaluate complex financial documents and complete examination research assignments, exhibits, and work papers. Participate in and successfully complete assigned areas of the OIR Practical Training and Talent Development for Examiners. The evaluation of complex financial documents and the completion of complex research assignments, exhibits, and work papers requires the use of advanced knowledge of accounting, finance, risk management and insurance, or actuarial science principles.
Participate in administrative hearings and other legal proceedings related to the above-described examinations and investigations, as required.
Participate in NAIC-related activities, and other professional development, as required.
Travel to and from examination location within and outside of Florida, as required.
Perform other related work as directed by the OIR.
Minimum Qualifications for this position include the following REQUIRED ENTRY LEVEL KNOWLEDGE, SKILLS, AND ABILITIES :
Knowledge of methods for locating, compiling, organizing, and analyzing financial data.
Ability to use logic and analysis to identify and correct problems.
Ability to use own judgment and make independent decisions.
Ability to effectively communicate both verbally and in writing.
Ability to establish and maintain effective working relationships with others.
Proficient with using Microsoft Office Suite and other computer software programs.
OTHERKSAs(Incumbent maylearnon job):
Preference will be given to applicants withonemore years of professional experience in accounting, examining, analyzing or auditing financial statements.
Knowledge of legal and department regulations affecting operations of insurance or holding companies.
Skill in reading, comprehending, interpreting, and applying laws, rules, regulations, policies and procedures to determine compliance.
Ability to conduct moderately complex examinations and special audits to determine solvency of company and ensure that audit objectives are met.
Ability to continually improve knowledge of NAIC requirements, industry trends, and other matters materially affecting the examination.
SPECIAL NOTES:
This position requires a Bachelor’s degree or higher from an accredited college or university with a major in accounting, finance, risk management and insurance, or actuarial science.
Preference will be given to applicants with one (1) or more years of professional experience in accounting, examining, analyzing, or auditing financial statements.
Applicants will be required to complete an exam or work sample to evaluate their insurance knowledge and skills in reading, comprehension, and application of the Florida Statutes.
The starting annual salary for this position is $62,000.04.
Some travel required.
The work hours for this position will be 8:00 a.m. to 5:00 p.m., Monday-Friday.
This is a non-remote, on-site position located in Tallahassee, FL.
Employees of the Office of Insurance Regulation are paid on a monthly pay cycle.
This position requires a security background check, including fingerprint as a condition of employment.
Responses to qualifying questions must be clearly supported by the state application and any omission, falsification or misrepresentation in the answering of the qualifying questions will be cause for immediate elimination from the selection process.
If you are a retiree of the Florida Retirement System (FRS), please check with the FRS on how your current benefits will be affected if you are re-employed with the State of Florida. Your current retirement benefits may be canceled, suspended, or deemed ineligible depending upon the date of your retirement.
The State of Florida is an Equal Opportunity Employer/Affirmative Action Employer, and does not tolerate discrimination or violence in the workplace.
Candidates requiring a reasonable accommodation, as defined by the Americans with Disabilities Act, must notify the agency hiring authority and/or People First Service Center (1-866-663-4735). Notification to the hiring authority must be made in advance to allow sufficient time to provide the accommodation.
The State of Florida supports a Drug-Free workplace. All employees are subject to reasonable suspicion drug testing in accordance with Section 112.0455, F.S., Drug-Free Workplace Act.
VETERANS’ PREFERENCE. Pursuant to Chapter 295, Florida Statutes, candidates eligible for Veterans’ Preference will receive preference in employment for Career Service vacancies and are encouraged to apply. Certain service members may be eligible to receive waivers for postsecondary educational requirements. Candidates claiming Veterans’ Preference must attach supporting documentation with each submission that includes character of service (for example, DD Form 214 Member Copy #4) along with any other documentation as required by Rule 55A-7, Florida Administrative Code. Veterans’ Preference documentation requirements are available by clickinghere (http://www.dms.myflorida.com/content/download/97612/566545) . All documentation is due by the close of the vacancy announcement.
Location:
TALLAHASSEE, FL, US, 32399
Nearest Major Market:Tallahassee