Program Assistant-Financial Analysis Intern
Job details
- Location
- Richland County, South Carolina
- Work type
- Onsite
- Compensation
- $31,200/yr
- Posted
- 4 days ago
- Apply on
- governmentjobs.com
About this role
About the Department
Mission Statement:
The mission of the State of South Carolina Department of Insurance is to protect the insurance consumers, the public interest, and the insurance marketplace by ensuring the solvency of insurers; by enforcing and implementing the insurance laws of the State; and by regulating the insurance industry in an efficient, courteous, responsive, fair, and equitable manner. For more information about working at the SC Department of Insurance, please visit www.careers.sc.gov.
THIS POSITION IS LOCATED IN THE OFFICE OF FINANCIAL REGULATION AND SOLVENCY.
Job Duties:
Review and analyze annual and quarterly insurer financial statements and all related supplemental regulatory filings, NAIC reports, and information from other sources relevant to the current and prospective financial solvency of insurers and/or groups.
Customize the nature and extent of analysis procedures performed to ensure effectiveness and efficiency of review in accordance with the size, risk, and complexity of the insurer. Completed reviews must be professionally written and conducted with an appropriate depth and quality of review.
Utilize analysis performed to conclude on the insurer’s priority level and provide supporting rationale. Prepare and update the Risk Assessment Worksheet (RAW), Insurer Profile Summary (IPS), and/or any other required workpapers on a timely basis to ensure that significant risks identified and ongoing monitoring plans are effectively communicated to management and other regulators, where applicable.
Research complex issues including state law, state regulations, accounting standards, etc. Investigate and determine if company is in compliance with state laws, rules, regulations and NAIC standards and guidelines. Coordinate work performed with other regulatory functions and States to avoid duplication of efforts and/or requests.
Work with supervisors to maintain the Financial Regulation and Solvency Division’s portions of the Department’s website to include updating information, forms, contacts, etc.
Assist with special projects and perform other duties as assigned by supervisors. Duties may include workload overflow from other staff or areas in the Department. Assist with special projects as assigned by the Supervisor which may include assistance with creating new records in State Based Systems, checking mail, providing support for marketing plans, etc. Additional assistance may be required to support the financial examiners.
Position Duties
Must be enrolled full time at an accredited university/college in a Business, Accounting, Finance, Insurance/Risk Management, or related degree program.
Must have the ability to work with others and communicate effectively, both orally and in writing. Excellent computer skills are required, including Microsoft Office programs.
Other Qualifications
Educational Credentials:
Applicants indicating college credit or degree(s) on the application will be required to submit a sealed, certified copy of the transcript(s) prior to beginning employment. Failure to produce an official, certified transcript will result in any conditional offer of employment being rescinded.
Equal Opportunity Employer:
It is the policy of the South Carolina Department of Insurance to provide equal employment opportunities to all job applicants and employees without regard to their race, color, religion, national origin, sex (including, but not limited to, pregnancy, childbirth or related medical conditions and lactation), disability or age.
Veteran Preference Statement:
South Carolina is making our Veterans a priority for employment in state agencies and institutions.
The Department of Insurance offers the following for P/T positions:
- Employee Assistance Program
- Free counseling sessions for employees and household members
- Free legal counseling
- Free financial counseling
- Free Gym Access
- Free Parking
Benefits
Insurance Benefits
Eligible employees may enroll in health insurance, which includes prescription coverage and wellness benefits. Other available insurance benefits include dental, vision, term life insurance, long term disability and flexible spending accounts for health and child care expenses.
Retirement Benefits
State employees are also offered retirement plan options, including defined benefit and defined contribution plans. Additionally, eligible employees may elect to participate in the South Carolina Deferred Compensation Program, which is a voluntary, supplemental retirement savings plan offering 401(k) and 457 plan options.
Workplace Benefits
State employees may also be eligible for other benefits, including tuition assistance; holiday, annual and sick leave; and discounts on purchases, travel and more.
Note: The benefits above are available to most state employees, with the exception of those in temporary positions. Employees in temporary grant and time-limited positions may be eligible for all, some or none of these benefits as benefits are associated with each position type. For these positions, contact the hiring agency to determine what benefits may be available.
Agency Information
EmployerState of South CarolinaAgency Department of Insurance Address 1201 Main Street, Suite 1000Columbia, South Carolina, 29201 Phone803-737-6160