Insurance Policy Analyst (Hybrid)

About the role

The State Corporation Commission's (SCC) Bureau of Insurance (BOI) seeks a policy analyst to specialize in legislative and policy analysis for the regulation of the insurance industry in Virginia. This position may be filled within the SCC Salary Structure as a Grade 9 (Insurance Policy Analyst), Grade 11 (Senior Insurance Policy Analyst), or Grade 14 (Insurance Policy Advisor) based on qualifications.

Responsibilities

• Conduct quantitative/qualitative policy analysis; synthesize findings into clear recommendations.
• Draft, analyze, and track legislation and regulatory proposals.
• Develop and update policies, procedures, rules, and regulations; implement legislative mandates.
• Monitor and evaluate insurance market trends.
• Serve as a liaison to stakeholders (industry, consumer groups, National Association of Insurance Commissioners, legislative commissions, or sister agencies).
• Prepare findings and recommendations to senior leadership and external bodies.
• Perform related work as required.

Requirements

• Two (2) or more years of professional experience in public policy research and analysis and/or insurance.
• Excellent communication skills, with the ability to present ideas clearly both verbally and in writing.
• Strong critical thinking and decision-making capabilities.
• Ability to analyze, interpret, and assess the impact of regulations, procedures, legislative proposals, and mandates.
• Ability to establish and maintain positive working relationships at all levels and effectively analyze complex insurance issues.
• Ability to navigate complex policy and political considerations.

Qualifications

• A bachelor’s degree in insurance, business administration, finance, economics, statistics, accounting, political science, public administration, or a related field.
• Experience in life and health insurance, property and casualty insurance, or in the financial regulation of insurance companies.
• Thorough knowledge of insurance terminology, laws, and regulations, with expertise in policy analysis, legislative practices, and research methods.
• Strategic thinking skills and an innovative mindset to proactively recommend industry changes.

Skills

• Strong analytical and research skills.
• Effective written and verbal communication skills.
• Ability to work independently and as part of a team.
• Proficiency in Microsoft Office Suite and familiarity with policy management software.

Benefits

This position offers a hybrid work schedule (a mix of in-office and telework days each week) as well as training and professional development opportunities.

Pay

The starting salary range for this position is $60,500 - $110,000, based on qualifications and experience.

Schedule

This position offers a hybrid work schedule (a mix of in-office and telework days each week).