Captive Analyst

 #22-23-The Oklahoma Insurance Department has an opening in the Financial Division for a Captive Analyst. The salary for this position is $47,850. This position is open until filled. To apply: Go to https://okgov.wd1.myworkdayjobs.com/en-US/okgovjobs/details/Captive-Analyst_JR4913?hiringCompany=7a8d2de4e0861000cc58cd575d510001 and click “Apply Online” at the bottom of the page. Please read the instructions carefully and include all required documents when you submit your application. 

DEFINITION 

Under administrative direction of the Captive Director/Coordinator, regulate compliance of captive insurance companies, and review new applications from entities seeking to conduct insurance-related business as a Captive Insurance Company domiciled in the State of Oklahoma. Participate in the review of financial statements of captive insurance companies ensuring that they comply with the Oklahoma Captive Insurance Company Act and Oklahoma Captive Insurance rules and regulations, to ensure financial solvency & liquidity. 

JOB DUTIES 

  • Annual review of filings of captive insurance companies, reviewing filings for financial solvency, liquidity, stability, and compliance with the Oklahoma Captive Insurance Company Act. 
  • Process the approval/denial of forms or renewals 
  • Review initial application, admission documents, and financial reports; review submissions to verify accuracy and compliance with statutes; produce recommendation to accept or deny the application 
  • Process administrative changes for insurance companies, financial reports, and make recommendations for acceptance or denial for Certificate of Authority for the State of Oklahoma 
  • Maintain current electronic files, update contacts, distributing mail, and posting checks 
  • Review service provider applications & produce recommendation to accept or deny the application 
  • Field phone calls regarding questions; regulation, application/registration requirements, and good standing of regulated entities. Serve as back-up in answering the phone 
  • Handle both oral and written correspondence for Oklahoma domiciled captive insurers 
  • Keep continuing education updated, attending Captive webinars and specific captive training. Attend other insurance related training and updates 
  • Perform related work and special projects as required or assigned by Captive Director/Coordinator 

KNOWLEDGE, SKILLS AND ABILITIES 

  • Basic knowledge of insurance accounting, including statutory accounting principles as well as generally accepted accounting principles and applicable state statutes preferred 
  • Proficiency in Microsoft Office, specifically Excel, Word and Outlook 
  • Ability to understand statutes, policies and procedures and apply them to conduct the business of the Department 
  • Ability to develop and maintain good effective working relationships both internally & externally
  • Good time management skills with the ability to work independently
  • Demonstrated responsiveness and an effective communicator, with a strong interpersonal and communication skills, both verbally and written
  • Strong organizational and time management skills 

EDUCATION AND EXPERIENCE 

Captive Analyst I – Bachelor’s degree in accounting, business, finance, or related field is desired. Or an equivalent combination of education and experience, substituting one year of qualifying experience for each year of college education. Preference will be given to applicants holding at least one of the following designations: ACI, CCI, CPA, CFE, AFE, CIE, AIE, FLMI or CPCU. 

NOTE: Upon hire, any applicant who is licensed as a producer/agent, adjuster or is otherwise affiliated with any entity that is regulated by the department must surrender their license and terminate any financial or non-financial affiliation with the entity that is regulated by the department. The selected applicant must pass a background check. Individual may be required to pursue NAIC designations as job duties require. 

TELEWORK: 

This position may be eligible for two days of telework each week under OID’s Telework Program. 

To see a complete list of benefits offered by the State of Oklahoma to employees of the state click on the following link. https://oklahoma.gov/omes/services/employee-benefits.html

Equal Opportunity Employer 

Location Oklahoma OK
Open Date October 3, 2022
Salary $47,850
Job Type Full Time