Insurance Financial Analyst II

DelDOT; Dover (DE); On-site; USD 65,000 - 90,000; Full time

Job summary

Delaware Department of Transportation (DelDOT) is seeking a Financial Analyst II to support state government financial analysis, reporting, and internal controls. This role offers a stable career with meaningful public-service work, mentorship, and clear pathways for advancement within a respected government agency.

The position emphasizes learning under experienced mentors, exposure to leadership decision-making, and a structured ladder to higher-level analyst roles, with predictable schedules

Qualifications

• Two years' experience in SAP and/or GAAP accounting.
• Two years' experience compiling, analyzing and interpreting financial data.
• Two years' experience interpreting and analyzing financial reports.
• Six months' experience interpreting laws, rules, regulations, standards, policies, and procedures.

Responsibilities

• Review and analyze annual and quarterly financial statements, trend analyses, and related documents.
• Apply SAP accounting principles to financial and management issues.
• Compute and interpret financial ratios to identify hazardous financial conditions.
• Research and analyze financial transactions between parent company, affiliates, and subsidiaries.
• Provide testimony during public hearings and legal actions.

Education

Bachelor's degree in Accounting, Finance, Business Administration or related field

Tools

SAP

GAAP

Job description

Summary Statement

Looking for a stable career with strong benefits and clear growth opportunities? This Financial Analyst II position offers meaningful public-service work within state government, a supportive environment, and hands-on learning under experienced mentors. Enjoy predictable schedules, a focus on professional development, and exposure to leadership and decision-making processes. As a career-ladder role, it provides a clear path to higher-level analyst positions, making it an ideal opportunity for individuals seeking both skill-building and long-term advancement in a respected public-sector organization.

Essential Functions

Essential functions are fundamental, core functions common to all positions in the class series and are not intended to be an exhaustive list of all job duties for any one position in the class. Since class specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here.

• Review and analyze annual and quarterly financial statements, trend analysis, S.E.C. filings, audit reports and holding company information to include reinsurance agreements, service agreements, tax allocation agreements and other inter-company arrangements.
• Apply SAP accounting principles, practices, methods and techniques in the review of financial and management issues.
• Compute and interpret financial ratios to identify hazardous financial conditions or potential hazardous financial conditions.
• Research and analyze various financial transactions between parent company, affiliates, and subsidiaries.
• Research and analyze various transactions involving acquisitions and mergers.
• Review requests by licensed companies to add lines of business; defend recommendation for approval or disapproval.
• Review applications for re-domestication and applications to conduct business within the State of Delaware; consider financial condition of the company and/or parent company, expertise and size of business.
• Review consumer complaints to identify solvency issues or patterns of regulatory violations.
• Complete analysis for assigned companies; prepare summary reports consisting of NAIC questionnaires for review by Director and Commissioner.
• Provide testimony during public hearings and legal actions.

Job Requirements

JOB REQUIREMENTS for Insurance Financial Analyst II

• Bureau of Company Examination, Rehabilitation and Guaranty
• Possession of a Bachelor's degree or higher in Accounting, Finance, Business Administration or related field.
• Two years' experience in�accounting using Statutory Accounting Principles (SAP) and/or Generally Accepted Accounting Principles (GAAP).
• Two years' experience�compiling, analyzing and interpreting financial data to ensure effective and efficient accounting of funds or to make projections for financial planning.
• Two years' experience�in interpreting and analyzing financial reports.
• Six months' experience in interpreting laws, rules, regulations, standards, policies, and procedures.

Conditions of Hire

Applicants must be legally authorized to work in the United States. The State of Delaware Executive Branch participates in the Federal E-Verify system where the State will provide the federal government with each new hires Form I-9 information to confirm that you are authorized to work in the U.S. For more information refer to our job seeker resources.

All new hires are required to report to the Statewide New Employee Orientation (SNEO) on their first day of employment. Sessions are held at designated locations in Kent or New Castle County.