Insurance Solvency & Compliance Regulator

State of Indiana; Indianapolis (IN); On-site; USD 51,000 - 69,000; Full time

Benefits offered by this job

Medical plan options

Vision & Dental plans

Health savings account

Pension options

Paid leave and holidays

Education reimbursement

LinkedIn Learning access

Job summary

The State of Indiana’s Indiana Department of Insurance (IDOI) seeks a qualified Insurance Financial Regulator to assess solvency risks, review insurer records, and recommend regulatory actions. This exempt, full-time role emphasizes data-driven analysis and clear written communication, with a pathway for advancement.

A bachelor’s degree in accounting is required, along with extensive knowledge of accounting principles, insurance accounting, and financial analysis in the insurance sector.

Qualifications

• Thorough knowledge of general accounting principles.
• Thorough knowledge of insurance accounting and applicable laws.
• Extensive knowledge of financial analysis practices in insurance.
• Broad knowledge of insurance company structures and NAIC standards.
• Strong ability to gather, analyze data and communicate findings clearly.
• Experience with preparing clear, concise written reports.

Responsibilities

• Determines significant solvency risks of the insurer through analysis and recommends regulatory action when appropriate.
• Examines corporate records, policies, and treatment of policyholders for compliance with laws and regulations.
• Analyzes reinsurance treaties for soundness and risk distribution.
• Analyzes investment transactions for legality, valuation, and reporting of income.
• Analyzes, summarizes, and reviews data; reports findings and interpretations.
• Writes or drafts correspondence, reports, and other written material.
• Ensures compliance with applicable laws, regulations, and agency rules.
• Gathers documentation to support negotiated resolutions of non-compliance issues.

Skills

Accounting principles

Insurance accounting

Financial analysis

Regulatory knowledge

Data gathering & analysis

Report writing

Oral & written communication

Organizational ability

Education

Bachelor's degree in accounting

Job description

The State of Indiana’s Indiana Department of Insurance (IDOI) seeks a qualified Insurance Financial Regulator to assess solvency risks, review insurer records, and recommend regulatory actions. This exempt, full-time role emphasizes data-driven analysis and clear written communication, with a pathway for advancement.

A bachelor’s degree in accounting is required, along with extensive knowledge of accounting principles, insurance accounting, and financial analysis in the insurance sector.