Group Solvency Specialist
State of Nebraska

The work we do matters!

Hiring Agency:
Insurance - Agency 22

Location:
Lincoln Job Posting

Hiring Rate:
$42.730

Classification Salary Range:
$1.00 - $1,000.00

Job Posting:
JR2024-00005862 Group Solvency Specialist (Open)

Applications No Longer Accepted On (If no date is displayed, job is posted as open until closed):
05-06-2024

Job Description:
The Nebraska Department of Insurance (Department) is charged with safeguarding those affected by the business of insurance through the fulfillment of our statutory obligations and by promoting the fair and just treatment of all parties to insurance transactions.

The Department's Financial Regulation Division has the primary responsibility of monitoring the financial condition of domestic insurers. As some of the domestic insurers do business internationally, the Group Solvency Specialist will be the international expert in the Department to understand and coordinate efforts related to Supervisory Colleges and the International Association of Insurance Supervisors (IAIS), including Internationally Active Insurance Groups (IAIG) and Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame). Currently, the Department chairs three Supervisory Colleges for its domestics and participates in several other supervisory colleges.

This is an At-Will position for an individual that is highly skilled. This position is under the discretion of the Director of Insurance and reports to the Deputy Chief Financial Regulator.

Job duties Provide expertise in current and on-going international insurance accounting activities at the NAIC and IAIS. Identify and monitor key international insurance and non-insurance risks. Provide expertise in the implementation and maintenance of supervisory colleges for internationally and nationally active insurance groups. Supervise the financial analysis process for the domestic companies that are part of a supervisory college. Coordinate the Department's implementation, monitoring, and review of the Group Capital Calculation. Prepare and provide public and confidential information to state, federal, and international regulators related to international matters. Interact with the highest level of officials on both a company and regulator basis. Assist the Deputy Chief Financial Regulator and Chief Financial Regulator in special projects, as needed.

Requirements/Qualifications:

Minimum Qualifications: Bachelor's degree in business administration or accounting with a major in accounting; Experience with financial examinations and analysis;

Other: This position requires travel. As such, the incumbent must be able to present a valid driver's license or another form of reliable transportation.

Regular and reliable attendance is required.

Knowledge, Skills and Abilities

Knowledge of: Theory and practices of higher accounting, auditing, insurance principles, finance, economics, management and data processing.; Overall operation of an insurance company and state insurance statutes, rules and regulations, and NAIC guidelines and model laws; Personal computers, specifically Microsoft Word, Outlook, PowerPoint and Excel.

Ability to: Effectively communicate orally and in writing, to present comments, opinions and factual information clearly and concisely to other state, federal, and international regulators and industry representatives; Cooperate with and deal effectively with others; Interpret insurance laws and analysis/examination procedures and findings for insurance company officials and Department staff.

Benefits

Look at what we have to offer!
• 13 paid holidays
• Vacation and sick leave that begin accruing immediately
• Military leave
• 156% (that's not a typo!) state-matched retirement
• Tuition reimbursement
• Employee assistance program
• 79% employer paid health insurance plans
• Dental and vision insurance plans
• Employer-paid $20,000 life insurance policy
• Public Service Loan Forgiveness Program (PSLF) through the Federal government
• Wide variety and availability of career advancement as the largest and most diverse employer in the State
• Opportunity to be part of meaningful work and make a difference through public service
• Training and Development based on your career aspirations
• Fun, inviting teammates
• A safe and secure environment

At the State, we stand by our core values of treating others with dignity and respect, acting ethically in all situations, and creating an environment where our customer is our top priority. Apply to join our team today!


Benefits

We offer a comprehensive package of pay, benefits, paid time off, retirement and professional development opportunities to help you get the most out of your career and life. Your paycheck is just part of your total compensation.

Check out all that the State of Nebraska has to offer! For more information on benefits currently offered to permanent teammates, please visit: https://statejobs.nebraska.gov/index.html#benefits

Equal Opportunity Statement

The State of Nebraska values our teammates as well as a supportive environment that strives to promote diversity, inclusion, and belonging. We recruit, hire, train, and promote in all job classifications and at all levels without regard to race, color, religion, sex. age, national origin, disability, marital status or genetics.

Current employees of the State of Nebraska should NOT apply on this external career. Instead go to Workday and access the Jobs Hub - Internal Apply app from your home landing page.