Senior Financial Accounting Analyst/Auditor

Taleo; Columbus (OH); On-site; USD 125,000 - 140,000; Full time

Job summary

The Ohio Department of Insurance (ODI) invites applications for an Insurance Examiner/Analyst 2 position in Columbus, OH. The role focuses on in-house financial analysis of domestic and foreign insurers to determine solvency and regulatory compliance, with responsibilities spanning audits, examinations, and reporting.

Qualified candidates are CPAs or CFEs or AFEs, with experience in financial examination, analytical reviewing, and regulatory frameworks.

Qualifications

• CPA/AFE/CFE designation required or equivalent experience.
• Financial solvency regulation experience preferred.
• Must provide own transportation and valid driver’s license.

Responsibilities

• Perform in-house analysis of financials to assess solvency and compliance.
• Review and audit financial statements and related reports.
• Evaluate operations and implement prior examination recommendations.
• Develop and maintain financial analysis processes and status reports.
• Conduct comprehensive audits of books, records, assets, and policies.
• Represent the Department in meetings and provide formal responses.

Skills

Auditing

Analyzation

Attention to Detail

Results Oriented

Time Management

Written Communication

Education

CPA designation

AFE designation

CFE designation

Tools

Interpreting Financial Statements

Regulatory Compliance

Accounting and Finance

Auditing

Job description

Organization

Insurance

Agency Contact Name and Information

Kim Lowry 614-644-2681

Unposting Date

Ongoing

Work Location

50 W Town St 50 West Town Street Suite 300 Columbus 43215

Primary Location

United States of America-OHIO-Franklin County-Columbus

Compensation : 64.25

Schedule

Full-time

Work Hours : 40

Union : OCSEA

Primary Job Skill

Auditing

Technical Skills : Interpreting Financial Statements, Regulatory Compliance, Accounting and Finance, Auditing

Professional Skills : Analyzation, Attention to Detail, Results Oriented, Time Management, Written Communication

Ohio Department of Insurance 255 subscribers

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.

Classification: Insurance Examiner/Analyst 2

Certified Public Accountant (CPA), Accredited Financial Examiner (AFE), or Certified Financial Examiner (CFE)designation/certification required.

Job Description

The Office of Risk Assessment is seeking financially minded candidates with an advanced level of experience analyzing complex financial reports, reviewing and modifying data, and who can determine appropriate course of action to resolve complex issues.

If this sounds interesting to you, continue reading below to learn more about this career opportunity with the Office of Risk Assessment.

Key Responsibilities

Key Responsibilities include but are not limited to the following:

• Performs in-house analysis of domestic &/or foreign insurance companies’ financial condition to determine solvency & compliance to statutes & regulations, contacts companies regarding findings, determines need for subsequent action based on insurance companies responses to examinations & analysis.
• Prepares & recommends level of priority for each company & reviews audited financial statements, & other financial reports & periodically conducts reviews of other insurance examiner/analyst findings.
• Evaluates insurance companies’ operations to determine if prior review recommendations have been implemented, assesses company progress toward implementation of prior examination & analysis recommendations & assumes responsibility for examination &/or analysis reports.
• Conducts, develops & maintains analysis process for use in financial assessment of annual & quarterly statements & maintains regulatory status reports for foreign &/or domestic companies; reviews various financial transactions for appropriateness & compliance to statutes & regulations.
• Performs comprehensive audits of all books, records, assets, liabilities, income, disbursements & operating policies & procedures & examines contracts to determine legality & propriety.
• Represents the Department at meetings with insurance companies &/or outside agencies; provides written &/or verbal response for request for information.

Benefits

At the State of Ohio, we take care of the team that cares for Ohioans. We provide a variety of quality, competitive benefits to eligible full-time and part-time employees*. For a list of all the State of Ohio Benefits, visit our Total Rewards website! Our benefits package includes:

• Medical Coverage
• Free Dental, Vision and Basic Life Insurance premiums after completion of eligibility period
• Paid time off, including vacation, personal, sick leave and 11 paid holidays per year
• Childbirth, Adoption, and Foster Care leave
• Education and Development Opportunities (Employee Development Funds, Public Service Loan Forgiveness, and more)

*Benefits eligibility is dependent on a number of factors. The Agency Contact listed above will be able to provide specific benefits information for this position.

Qualifications

• Accredited Financial Examiner (i.e., AFE) designation by Society of Financial Examiners; 2 yrs. department of insurance exp. &/or consulting exp. for a department of insurance related to financial solvency regulation; must provide own transportation; valid driver’s license.
• -Or Certified Public Accountant (i.e., CPA) designation by state accountancy board; 3 yrs. exp. in accounting, internal auditing, finance, economics or insurance; must provide own transportation; valid driver’s license.
• -Or Certified Financial Examiner (i.e., CFE) designation by Society of Financial Examiners; 3 yrs. department of insurance exp. &/or consulting exp. for a department of insurance related to financial solvency regulation; must provide own transportation; valid driver’s license.
• -Or equivalent of Minimum Class Qualifications For Employment noted above may be substituted for experience but not for mandated licensure/designation.
• Job Skills: Auditing

Eligibility and Compliance

Applicants must be currently authorized to work in the United States on a full-time basis.

Reasonable Accommodation

Reasonable Accommodation: ODI does not discriminate on the basis of disability in its hiring or employment practices and complies with the ADA employment regulations. Applicants with questions about access or requiring a reasonable accommodation for any part of the application or hiring process should contact the agency Human Resource Offices’ ADA Coordinator, Andrew Skal, by emailing [e-mail] or calling 614-644-3264. Otherwise, you will be given specific instructions on requesting an accommodation if you are invited to participate in a structured interview.

Equal Opportunity and Disability Inclusion

Ohio is a Disability Inclusion State and strives to be a model employer of individuals with disabilities. The State of Ohio is committed to providing access and inclusion and reasonable accommodation in its services, activities, programs and employment opportunities in accordance with the Americans with Disabilities Act (ADA) and other applicable laws.

The State of Ohio is a drug-free workplace which prohibits the use of marijuana (recreational marijuana/non-medical cannabis). Please note, this position may be subject to additional restrictions pursuant to the State of Ohio Drug-Free Workplace Policy (HR-39), and as outlined in the posting.

The final candidate selected for this position will be required to undergo a criminal background check. Section 2961 of the Ohio Revised Code (ORC) prohibits individuals convicted of a felony involving fraud, deceit or theft from holding a position that has substantial management of control over property of a state agency.