Insurance Regulatory Analyst II

Agency Dept of Insurance Division Administration Job  Classification Title Insurance Regulatory Analyst II (NS)
Position NumberGradeNC
19

About UsThe mission of the North Carolina Department of Insurance is 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. Our agency licenses insurance agents, adjusters, bail bondsmen and more, along with investigating fraud matters involving insurance consumers and any entity or individual regulated by the Department.

In an ever-changing environment, it is the vision of the Department of Insurance to maintain the stabilization of the insurance industry in order to provide more products, competitive prices and consumer protection.

Description of Work-Insurance Regulatory Analyst IISalary Recruitment Range - $67,122-$72,995

Salary Grade - NC19
* Re-post, current applicants are still under consideration and do not need to reapply
* This position currently qualifies for a hybrid telework option with routine office and up to one remote workday per week. 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.

Minimum Education and Experience 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.

Primary Purpose of the Position The review and approval/disapproval of rate, rule, and form filings by insurance companies, joint underwriting associations, and statistical organizations for all types of property and casualty insurance (i.e. automobile, fire, general liability), and the review and analysis of premium and loss statistics received from those entities.

The employee conducts detailed reviews of property and casualty insurance rate filings, focusing on the mathematical accuracy of statistical data, the proper application of rating principles, and compliance with statutes and departmental regulations Their work includes preparing and distributing correspondence through SERFF, and when filings involve unusually complex or technical issues, they coordinate additional review by senior analysts or division  addition to rate filings, the employee examines “non‑standard” policy forms submitted independently by insurance companies to ensure clarity, conformity with North Carolina statutes, and alignment with departmental requirements.

They also maintain regular communication with industry representatives and occasionally explain filings to members of the public. Their responsibilities extend to conducting more detailed statistical studies, assisting other divisions with technical questions, and helping train and review the work of junior analysts to ensure consistency and accuracy across the team.

Knowledge

Skills and Abilities

/Management Preferences Management Preferences:

Strong analytical and critical thinking skills with the ability to interpret statutes, regulations, and policy forms

Ability to work independently and analyze complex filings5+ years of professional experience in insurance regulation, specifically evaluating rate, rule, and form submissions.

Property & casualty experience with personal and commercial lines

Ability to train and mentor less experienced analysts

Minimum Education and Experience Some state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience, OR a combination of both. See the

Education and Experience Equivalency Guide for details.

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…