State of North Carolina Insurance Regulatory Analyst II

Description of Work

Salary Recruitment Range: $64,621 - $64,621
Salary Grade: NC19

This position currently qualifies for a hybrid telework option with routine office and remote workday. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.

Mission of the Department of Insurance:

To promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect.

Primary Purpose of the Position:

The Agent Services Division (ASD) is a part of the North Carolina Department of Insurance. This Division is designed to protect the general public of North Carolina by making sure that individuals representing the industry have an adequate knowledge of the industry and possess the moral and ethical characteristics necessary to operate in a fiduciary capacity. The Division's main function is to regulate all licensed agents, brokers, limited representatives, appraisers, adjusters, insurance premium finance companies, collection agencies, and motor clubs authorized to do business in North Carolina.

The Division operates in three separate and distinct sections: 1) Licensing, 2) Financial, and Compliance. This position is part of one of the compliance sections.

The Agency Investigation Section of the Agent Services Division is responsible for ensuring compliance of all licensees with North Carolina General Statutes and Rules. As part of the Compliance Section, the Agency Investigation team performs insurance agency investigations to ensure compliance with North Carolina Statutes and Rules. The investigators review the financials, underwriting, and other documentation in the agency. This position will participate in informal conferences and administrative hearings.

This position is required to assist with special projects and complete all other duties as assigned based on business needs of the Division.

Incentives of NC State Employment:

We value our employees and offer a wide variety of competitive and family-friendly benefits. Benefits to include:

• 12 Annual paid Holidays
• North Carolina State Health Plan administered by AETNA
• Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement(TSERS)
• WeSave Employee Discounts

Learn more about new hire resources, safety, health, and wellness information, leave options, employee discounts and more by selecting the link below:https://oshr.nc.gov/state-employee-resources/benefits.

Knowledge, Skills and Abilities / Competencies

• Considerable knowledge of insurance principles and practices and department regulation.
• Considerable knowledge of mathematics, including the fundamentals of statistics.
• Considerable knowledge of insurance rate-making procedures and practices or policy contract and manual provisions.
• Ability to interpret and apply provisions of the insurance laws to rate filings or premium calculations.
• Ability to express oneself clearly and concisely in oral and written form.
• Ability to assign and review the work of lower-level analysts.
• Must have excellent communication skills and be able to communicate, both verbally and in written form. 
• Strong attention to detail is needed.
• Demonstrating experience comprehending and evaluating financial transactions, insurance applications, binders, and contracts in all forms.
• Demonstrating experience gathering, interpreting evidence, and conducting an investigation.
• Ability to travel extensively and stay overnight occasionally.

Special Qualifications:

• Must be able to convey findings into a written report.

Minimum Education and Experience Requirements

Bachelor's degree in business or economics or a related program from an appropriately accredited institution and four years of experience in policy and rate examinations, underwriting, claims adjusting work, or financial/marketing analysis; or an equivalent combination of training and experience.
 

Supplemental and Contact Information

For consideration for this vacancy, all applicants must complete an on-line application using the “APPLY” button above. If multiple applications are submitted to an individual posting, only the most recent application received prior to the posting close date will be evaluated for the consideration. Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript. 

Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC, your academic credentials will be verified.
  
To receive credit for your work history and credentials, you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit.
  
The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment. Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications, disciplinary action, and possible criminal prosecution.
  
The Department of Insurance/Industrial Commission is an Equal Employment Opportunity employer and uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals.
  
***INCLUDE ALL RELEVANT EDUCATION, WORK EXPERIENCE IN THE DESIGNATED EDUCATION AND WORK HISTORY SECTION ON THE FORMAL APPLICATION***
 
***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy***
  
 Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
  
Applicants seeking Veteran's Preference under N.C.G.S .126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date.
  
Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system using the above link.  Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.