Virginia State Corporation Commission ยท 1 week ago
Associate Financial Licensing Analyst
Richmond, VA
Full-time
Hybrid
Entry Level
$51K/yr - $57K/yr
4+ years expThe Virginia State Corporation Commission (SCC) is seeking an Associate Financial Licensing Analyst to help maintain a safe and competitive financial services environment in Virginia. The role involves analyzing financial statements and business plans, reviewing applications for financial licenses, and communicating with various stakeholders.
FinanceGovernmentInsurancePublic Relations
No H1B
Responsibilities
Analyze financial statements and financial projections for solvency, liquidity, profitability, and other performance metrics
Analyze business plans for conformity with applicable legal and regulatory standards
Review personal financial statements, disclosure forms, credit reports, criminal background checks, employment records, and other biographical information for prospective officers, directors, and principals
Review and research examination reports and compliance records
Review surety bonds and evaluate compliance with applicable bond standards
Communicate regularly with license applicants, attorneys, other regulatory agencies, and the public
Prepare written reports to include a summary of relevant investigation findings, supporting schedules, and a recommendation for approval denial based on an analysis of the pertinent statutory factors
Review and analyze periodic reporting forms filed by regulated financial institutions
Perform other related work as required
Qualification
Required
Analyze financial statements and financial projections for solvency, liquidity, profitability, and other performance metrics
Analyze business plans for conformity with applicable legal and regulatory standards
Review personal financial statements, disclosure forms, credit reports, criminal background checks, employment records, and other biographical information for prospective officers, directors, and principals
Review and research examination reports and compliance records
Review surety bonds and evaluate compliance with applicable bond standards
Communicate regularly with license applicants, attorneys, other regulatory agencies, and the public
Prepare written reports to include a summary of relevant investigation findings, supporting schedules, and a recommendation for approval denial based on an analysis of the pertinent statutory factors
Review and analyze periodic reporting forms filed by regulated financial institutions
Perform other related work as required
Preferred
A bachelor's degree or higher in accounting, business administration, economics, finance, or a related field
In lieu of a degree, four or more years of professional experience with financial analysis, auditing, and/or accounting
Some knowledge of accounting or auditing theory and practice
Ability to analyze and interpret financial data
Exceptional research skills, including highly detailed analysis, strong reading comprehension, and critical thinking skills
Strong judgment and decision-making skills
Ability to communicate clearly and concisely, both verbally and in writing
Ability to manage tasks independently and to work effectively on a team
Ability to establish and maintain professional working relationships with SCC staff, examiners from other state agencies, and industry personnel
Proficiency in Microsoft Office products
Knowledge of the laws, rules, and regulations governing the operations of financial institutions is a plus
Benefits
Flexible telework options and work-life balance
Competitive health and life insurance programs
Pre-tax spending accounts
Leave programs
Paid state holidays
State retirement plan with options for tax-deferred retirement savings including employer matching
Short and long-term disability program
Eligibility for the federal Public Service Loan Forgiveness Program (PSLF)
Company
Virginia State Corporation Commission
The State Corporation Commission, or SCC, is a Virginia regulatory agency whose authority encompasses utilities, insurance, state-chartered financial institutions, securities, retail franchising, and railroads.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Keven Patchett
Commission Counsel & Chief Legal Officer
Company data provided by crunchbase