Insurance Regulatory Analyst II

State of North Carolina - Insurance; North Carolina; Hybrid; USD 67,000 - 73,000; Full time

Benefits offered by this job

Health plan

Retirement (TSERS)

Holidays: 12 per year

Flexible Spending Accounts

Employee discounts

Job summary

North Carolina Department of Insurance seeks an Insurance Regulatory Analyst II (NS) to review rate, rule, and form filings for property and casualty insurance. The role focuses on mathematical accuracy, proper rating principles, and statutory compliance.

Hybrid telework with routine office and up to one remote workday per week. Requires a 4-year degree in business or economics and 4+ years of related experience in policy and rate examinations or financial/marketing analysis.

Qualifications

• Bachelor's degree in business or economics or related field plus four years of experience in policy and rate examinations, underwriting, claims adjusting, or financial/marketing analysis.
• 5+ years of professional experience in insurance regulation, evaluating rate, rule, and form submissions.
• Property & casualty experience with personal and commercial lines.

Responsibilities

• Review and approve/disapprove rate, rule, and form filings for property and casualty insurance.
• Analyze premium and loss statistics from filings and ensure mathematical accuracy.
• Communicate findings to industry representatives and senior analysts as needed.

Skills

Analytical skills

Critical thinking

Regulatory interpretation

Independent work

Mentoring

Education

Bachelor's degree in business or economics

Job description

AgencyDept of InsuranceDivisionAdministrationJob Classification TitleInsurance Regulatory Analyst II (NS)Position Number60013620GradeNC19About UsThe mission of the North Carolina Department of Insurance is 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. Our agency licenses insurance agents, adjusters, bail bondsmen and more, along with investigating fraud matters involving insurance consumers and any entity or individual regulated by the Department. In an ever-changing environment, it is the vision of the Department of Insurance to maintain the stabilization of the insurance industry in order to provide more products, competitive prices and consumer protection.Description of Work60013620-Insurance Regulatory Analyst IISalary Recruitment Range - $67,122-$72,995Salary Grade - NC19*Re-post, current applicants are still under consideration and do not need to reapply*This position currently qualifies for a hybrid telework option with routine office and up to one remote workday per week. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.Minimum Education and ExperienceBachelor's degree in business or economics or a related program from an appropriately accredited institution and four years of experience in policy and rate examinations, underwriting, claims adjusting work, or financial/marketing analysis; or an equivalent combination of training and experience.Primary Purpose of the PositionThe review and approval/disapproval of rate, rule, and form filings by insurance companies, joint underwriting associations, and statistical organizations for all types of property and casualty insurance (i.e. automobile, fire, general liability), and the review and analysis of premium and loss statistics received from those entities.The employee conducts detailed reviews of property and casualty insurance rate filings, focusing on the mathematical accuracy of statistical data, the proper application of rating principles, and compliance with statutes and departmental regulations Their work includes preparing and distributing correspondence through SERFF, and when filings involve unusually complex or technical issues, they coordinate additional review by senior analysts or division leadership.In addition to rate filings, the employee examines “non‑standard” policy forms submitted independently by insurance companies to ensure clarity, conformity with North Carolina statutes, and alignment with departmental requirements. They also maintain regular communication with industry representatives and occasionally explain filings to members of the public. Their responsibilities extend to conducting more detailed statistical studies, assisting other divisions with technical questions, and helping train and review the work of junior analysts to ensure consistency and accuracy across the team.Knowledge Skills and Abilities/Management PreferencesManagement Preferences:Strong analytical and critical thinking skills with the ability to interpret statutes, regulations, and policy formsAbility to work independently and analyze complex filings5+ years of professional experience in insurance regulation, specifically evaluating rate, rule, and form submissions.Property & casualty experience with personal and commercial linesAbility to train and mentor less experienced analystsMinimum Education and ExperienceSome state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience, OR a combination of both. See the Education and Experience Equivalency Guide for details.Bachelor's degree in business or economics or a related program from an appropriately accredited institution and four years of experience in policy and rate examinations, underwriting, claims adjusting work, or financial/marketing analysis; or an equivalent combination of education and experience.Benefits of NC State Employment:We value our employees and offer a wide variety of competitive and family-friendly benefits. Benefits include:12 Annual paid HolidaysNorth Carolina State Health Plan administered by AETNASupplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and VisionNC State Retirement (TSERS)WeSave Employee DiscountsLearn more about employee perks/benefits:Why Work For NC?NC OSHR: BenefitsSupplemental and Contact Information:For consideration for this vacancy, all applicants must complete an online application using the “APPLY” button above.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.***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***Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript.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.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.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. Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.For more information about NCDOI: http://www.ncdoi.gov/EEO StatementT he State of North Carolina is an Equal Employment Opportunity Employer and dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy, childbirth, or related medical conditions; and for religious beliefs, observances, and practices.Recruiter:Gretchen Marie SenezRecruiter Email:[e-mail]