Senior Financial Accounting Analyst/Auditor

Key Responsibilities

• Performs in-house analysis of domestic &/or foreign insurance companies’ financial condition to determine solvency & compliance to statutes & regulations.
• Contact companies regarding findings and determine need for subsequent action based on insurance companies' responses to examinations & analysis.
• Prepares & recommends level of priority for each company and 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, and assumes responsibility for examination &/or analysis reports.
• Conducts, develops & maintains analysis process for use in financial assessment of annual & quarterly statements and 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 and 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.

Requirements

• 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.
• Certified Public Accountant (i.e., CPA) designation by state accountancy board; 3 yrs. exp. in accounting, internal auditing, finance, economics or insurance.
• 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.
• Equivalent of Minimum Class Qualifications For Employment noted above may be substituted for experience but not for mandated licensure/designation.

Job Skills

• Auditing
• Organization
• Insurance Agency
• Contact Name and Information
• Kim Lowry
• 614-644-2681

Work Location

• 50 W Town St
• United States of America-OHIO-Franklin County-Columbus

Classification

• Insurance Examiner/Analyst 2

Agency Overview

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.