Financial Analysis Manager (Insurance Financial Oversight)

State of Georgia

$85K — $100K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree from an accredited college or university.
  • One year of supervisory experience in a related area.
  • Experience as a Financial Examiner Supervisor or equivalent.
  • Strong understanding of insurance regulatory compliance and financial statements.
  • Knowledge of NAIC tools and standards.

Responsibilities

  • Oversee daily assignments of Financial Analysts and contract staff.
  • Coordinate review of changes for risk-bearing entities.
  • Approve prioritization changes for insurance entities.
  • Ensure compliance with regulatory laws for insurance companies.
  • Facilitate analysis and obtain relevant financial documentation.
  • Correspond with regulators to investigate necessary actions.
  • Research complex issues pertaining to state law and accounting standards.

Benefits

  • Health and wellness programs available for employees.
  • Retirement savings plans with company match.
  • Opportunities for professional development and training.
  • Flexible work scheduling options.
  • Supportive team environment fostering growth.
Full Job Description
Job Title:
Financial Analysis Manager (Insurance Financial Oversight)
Job Requisition ID:

Number of Openings:
1
Shift:
Day (United States of America)
Compensation Details:
$85,000.00 - $100,000.00

Job Description:

Under direct supervision, the Financial Analysis Manager oversees the day-to-day assignments of the Financial Analysts and contract staff within the Insurance Financial Oversight department. This position reports to the Assistant Director of Financial Oversight.

Coordinate review changes relating to risk-bearing entities while maintaining the consistent application of the uniform prioritization system.

Approve recommendations for prioritization changes of insurance and insurance-related entities while working with examination staff to develop an ongoing supervisory plan and updates to analysis work product.

Assist leadership in ensuring that licensed insurance and insurance-related companies maintain regulatory compliance with related laws and regulations.

Ensure staff and contractors obtain, review, and analyze annual and quarterly insurer financial statements and all related supplemental regulatory filings.

Ensure staff and contractors obtain, review, and analyze information and results presented in NAIC tools.

Ensure staff and contractors obtain, review, and analyze information from other sources relevant to the current and prospective financial solvency of insurers and/or groups.

Correspond with department staff and other state, federal, or international regulators to investigate and take action when necessary.

Utilize analysis performed to confirm conclusions on the insurer's priority level are based on supporting rationale.

Ensure coordination of staff and contractor work performed with other regulatory functions and state.

Facilitate the distribution and presentation of results of analysis to others while coordinating personnel.

Research complex issues including Georgia law, Georgia regulations, accounting standards.

Oversee investigations and determinations of licensed entities are following state laws, rules, regulations and NAIC standards and guidelines.

Aid in refining the department and maintenance of company record files as well as IT related initiatives.

Perform other duties as assigned.

Minimum Qualifications:
Bachelor's degree from an accredited college or university AND One year of supervisory experience in the area of assignment OR One year of experience required at the lower level Financial Examiner Spv (RCP113) or position equivalent.

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