Financial Specialist to Senior Financial Specialist

Job ID: 36793

Agency: Department of Labor & Regulation - Division of Insurance

Location: Pierre, SD

Salary: $25.69-$32.09/hr, depending on qualifications

Pay Grade: I or J

Closing Date: Open Until Filled

Why the Division of Insurance?

At the Division of Insurance, our mission is to protect the public by providing assistance, fair regulation, and promoting a healthy, competitive market and we do so in a team focused work environment. The team works hard together to protect the citizens of South Dakota when navigating the insurance and securities markets. The Division's number one consumer protection is financial solvency of companies, and we're seeking a qualified individual to join the team providing oversight and direction of the financial analysis process for insurance companies based in South Dakota.

What Does This Position Do?

The Financial Specialist position analyzes the financial status of insurance companies operating in South Dakota. You would be communicating with companies and working with Division staff to determine potential future financial and non-financial risks of insurance companies and their affiliates.

Who Do We Want?

We are looking for someone who is eager to learn and willing to perform research when questions arise. We need someone who is motivated and who wants to be a dedicated public servant to help protect South Dakotans. We are willing to train a motivated individual interested in growing their career.

A bachelor's degree in business, economics, accounting, statistics or similar from an accredited college or university is preferred. Individuals with financial examination experience and/or a proven track record in financial or credit analysis in lieu of insurance experience are encouraged to apply.

No licenses or certifications are required, but PIR, AFE, CFE, CPA CPCU, AIAF, or similar designations are preferred.

What knowledge, skills and abilities do we want?

We are looking for someone with the following or similar general knowledge:

• Business and financial analysis as well as accounting principles.
• Insurance company operations, risks, and risk management techniques.
• Non-insurance subsidiary operations.
• Laws, policies, rules and procedures.

The Financial Regulation of Insurance companies is constantly evolving. We are looking for someone with the ability to:

• Obtain an APIR, PIR, AFE, or designations of similar knowledge.
• Attend educational opportunities to expand knowledge of insurance company financial risk.
• Understand and evaluate the enterprise risk management functions of insurers.
• Research and apply applicable laws, regulations, procedures and practices and the NAIC statutory accounting practices.
• Recommend decisions based on reasonable and timely analysis.
• Evaluate and challenge information provided by the company.
• Multi-task, manage multiple projects, and effectively manage time.
• Adapt to changing expectations and environments.
• Use MS Word, Excel, Adobe and other related software programs.
• Establish and maintain effective working relationships with others.
• Ability to use electronic workpaper documentation tools.
• Communicate recommendations to the Financial Supervisor and Assistant Director.

This position is exempt from the Civil Service Act.

This position is eligible for Veterans' Preference per ARSD 55:10:02:08.

NCRC: If you possess a National Career Readiness Certificate, please submit the certificate with your application. For more information on how to acquire a National Career Readiness Certificate contact a South Dakota Department of Labor and Regulation Job Service Office. A certificate is not necessary to be considered.

The State of South Dakota does not sponsor work visas for new or existing employees. All persons hired will be required to verify identity and eligibility to work in the United States and complete an Employment Eligibility Verification, Form I-9. The State of South Dakota as an employer will be using E-Verify to complete employment eligibility verification upon hire.

The State of South Dakota offers $0 premium employee health insurance option plus eleven paid holidays, generous vacation and sick leave accrual, dental, vision, and other insurance options, and retirement benefits. You can view our benefits information here. This position is a member of Class A retirement under SDRS.

Must apply online: https://gen-stateofsouthdako-trn.inforcloudsuite.com/hcm/xmlhttp/shorturl.do?key=4GX

You must apply online, emailed resumes or submissions will not be accepted.

South Dakota Bureau of Human Resources and Administration

Telephone: 605.773.3148 Email: careers@state.sd.us

http://bhr.sd.gov/workforus

"An Equal Opportunity Employer"

#LI-Onsite