Oklahoma Indigent Defense System · 1 day ago
Financial Analyst I
Oklahoma County, OK
Full-time
Hybrid
New Grad, Entry Level
$58K/yr - $58K/yr
0+ years expThe Oklahoma Indigent Defense System is seeking a Financial Analyst I to provide financial regulatory oversight of insurance companies. The role involves conducting risk-focused financial analysis, reviewing insurer financial statements, and ensuring compliance with regulations.
Law Practice
Responsibilities
Conduct risk assessments of insurance companies through risk-focused analysis of assigned insurance companies
Review annual and quarterly insurer financial statements and related supplemental regulatory filings of assigned companies for financial stability, solvency, and statutory compliance
Create Insurer Profile Summary reports and Group Profile Summary reports
Review applications for Mergers, Acquisitions, and Redomestications
Identify concerns, recommend resolutions, and forward the reports to the Chief Financial Analyst
Handle oral and written correspondence with management of insurance companies, other state regulators, examiners, etc. to discuss financial condition, statutory compliance and other issues
Review and approve administrative changes for assigned companies
Meet with various representatives of assigned insurance companies as necessary
Produce material for examinations; attend examination meetings and interviews, ensure corrective action has been taken on examination report exceptions
Maintain continuing education to meet NAIC accreditation standards, such as NAIC webinars, periodic out of state training/conferences, and specific financial analyst training
Perform special projects or additional duties as assigned by the Chief Financial Analyst
Qualification
Required
Bachelor's degree in accounting, economics, finance, or actuarial science
Zero to three years of experience in financial analysis, insurance financial analysis
Strong communication and organizational skills
Ability to maintain effective and positive working relationships
Strong time management skills and ability to work independently
Ability to interpret and apply statutes, policies, and procedures in the conduct of the Department's regulatory responsibilities
Proficiency in Office 365 environment across a multitude of applications, such as Word, Excel, Outlook, SharePoint, Teams, etc
The selected applicant must pass a background check
Individuals may be required to pursue NAIC designations as job duties require
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
Preferred
Familiarity with insurance accounting concepts, including statutory accounting principles (SAP), generally accepted accounting principles (GAAP), and applicable state insurance statutes
Preference will be given to applicants holding at least one of the following designations: CPA, CFE, AFE, CIE, AIE, FLMI, CPCU or ICCIE (ACI or CCI)
Company
Oklahoma Indigent Defense System
Oklahoma Indigent Defense System is a State of Oklahoma agency located in Norman, Oklahoma
201-500 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase