Insurance Regulatory Analyst I

This is a repost. Previous applicants do not need to reapply to be considered

Salary Recruitment Range: $56,906 - $60,000

Salary Grade: NC17

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 Life and Health Division (LAH) is a part of the North Carolina Department of Insurance. Position functions as a policy form and rate analyst performing technical review for compliance with North Carolina law the insurance policy template forms that life and health insurance companies wish to market in North Carolina. The products may consist of life insurance, specified benefit health insurance, annuity products, disability income insurance, credit insurance. The position also collaborates with the Actuarial Division in pre-approval review of premium rates, third party administrator licensing compliance, multiple employer welfare association licensing, and related product advertising to assure compliance with NC statutes and regulations.

These analysts normally specialize in life, health, or managed care insurance.

Work is reviewed and evaluated by a supervisor through conferences, reports, and a general review of completed work assignments. 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 Blue Cross Blue Shield of NC 
• 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.

• Experience with insurance principles and practices and department regulation.
• Experience with mathematics, with some knowledge of the fundamentals of statistics.
• Experience  of insurance rate-making procedures and practices, policy contract and manual provisions, or insurance company operations.
• Experience interpreting and apply provisions of the insurance laws to rate filings or premium calculation.
• Possession of professional designation appropriate to specialty area. (Ex FLMI, CPDU, CIC, CIE, AIE, MHP, etc.).
• Experience providing technical guidance to lower-level analysts. 

Management Preference:

• Demonstrate excellent communication skills and able to communicate, both verbally and in writing with the general public, Department management, and management of regulated entities.
• Demonstrate experience comprehending and evaluating insurance applications and contracts of life and health insurance.

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

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.