Financial Accounting Analyst/Auditor

Ohio Department of Insurance; Columbus (OH); On-site; USD 33,000 - 47,000; Full time

Job summary

Ohio Department of Insurance is seeking a financially minded candidate to analyze complex financial reports and resolve complex issues related to insurer solvency in Ohio. The role involves on-site examinations, data review, and interaction with company personnel.

The position emphasizes adherence to insurance laws, detailed reporting, and collaboration with the Risk Assessment team. Travel is limited within and outside Ohio, and a core accounting/finance education is required for consideration.

Qualifications

• Completion of undergraduate core program in accounting, internal auditing, insurance, economics, or finance.
• Equivalent of Minimum Class Qualifications For Employment noted above.

Responsibilities

• Performs in-house and/or on-site financial examinations and analyses to determine solvency.
• Ensures compliance with state insurance laws and rules.
• Follows examination procedures and documents findings.
• Interviews company personnel regarding accounting methodology and internal controls.
• Writes preliminary reports and assists in final reports of examinations.
• Limited travel to companies within and outside Ohio.

Skills

Auditing

Interpreting Financial Statements

Regulatory Compliance

Accounting and Finance

Insurance

Analytical Thinking

Time Management

Education

Undergraduate degree in accounting/finance/economics/insurance

Job description

Risk Assessment Mission Statement

The mission of Risk Assessment is to monitor the financial solvency of insurance companies licensed in the state of Ohio. Staff also monitors insurers' statutory and solvency compliance on an ongoing basis and conducts statutory examinations.

The Office of Risk Assessment is seeking a financially minded candidate with the ability to analyze complex financial reports, review and modify data, and who can determine appropriate course of action to resolve complex issues.

What You'll Do

Your Key Responsibilities include but are not limited to the following:

• Performs in-house &/or on-site financial examinations &/or analysis of domestic &/or foreign insurance companies authorized to conduct business in Ohio in order to determine financial solvency.
• Ensures compliance with state insurance laws & rules.
• Follows computer &/or manual examination procedures.
• Assist with interviewing company personnel regarding accounting methodology, risks to the insurer, internal controls & other matters.
• Writes preliminary reports of findings on assigned areas & assists in preparation of final report of examinations.
• Limited travel to companies within & outside state of Ohio.

Completion of undergraduate core program in accounting, internal auditing, insurance, economics, or finance; must provide own transportation, valid drivers license.

• Or equivalent of Minimum Class Qualifications For Employment noted above.

Organization

Insurance

Agency Contact Name and Information

Kim Lowry 614-644-2681

Work Location

50 W Town St

Primary Location

United States of America-OHIO-Franklin County-Columbus

Compensation

28.76

Schedule

Full-time

Classified Indicator

Classified

Union

OCSEA

Primary Job Skill

Auditing

Technical Skills

Interpreting Financial Statements, Regulatory Compliance, Accounting and Finance, Auditing, Insurance

Professional Skills

Analyzation, Attention to Detail, Results Oriented, Time Management, Written Communication

Agency Overview

About Us: The Ohio Department of Insurance (ODI) was established in 1872 as an agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in Ohio.

Today, the mission of the Ohio Department of Insurance is to provide consumer protection through education and fair but vigilant regulation while promoting a stable and competitive environment for insurers.

Please visit our website Department of Insurance and also find us on LinkedIn .

Position Classification: Insurance Examiner/Analyst 1