Financial Specialist

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Requisition No:868793

Agency:
Office of Insurance Regulation

Working Title:

FINANCIAL SPECIALIST -

The Florida Office of Insurance Regulation (OIR) strives to promote a stable and competitive insurance market for consumers. With a workforce of approximately 250 staff members, OIR regulates one of the largest, most complex insurance markets in the world. OIR offers a range of challenging and rewarding opportunities for individuals looking to grow in their careers, as well as a wide variety of top insurance–related courses and professional certifications to ensure that its staff have the industry knowledge needed to succeed.

OIR employees also have access to the State of Florida’s tuition waiver program, which offers educational assistance to full-time, salaried employees.

As a State Agency, OIR offers excellent benefits, including health, dental, and vision insurance; retirement plans; flexible spending accounts; health savings accounts; and more. OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules. Click the links below to see the many benefits and retirement options you have as a State of Florida employee:

• This position is a part of the Office of Insurance Regulation's (OIR) Life and Health Financial Oversight Examination Unit, which conducts examinations and investigations of the affairs, transactions, accounts, records, and assets of Continuing Care Retirement Communities as required by Chapter 651, Florida Statutes. This position requires extensive training and education and requires the employee to exercise discretion and judgement in determining the appropriate action in accordance with the Florida Statutes and Florida Administrative Code Rules.
• Actively participates as a member of the financial examination team. Participates in the scheduling, planning, and conducting of complex and detailed statutory examinations, target examinations, and investigations (to include unauthorized entities) of Continuing Care Retirement Community providers in accordance with Chapter 651, Florida Statutes, related Florida Administrative Code Rules, and applicable OIR policies and procedures.
• Analyze and evaluate financial and other related documents, and complete examination and investigation assignments, exhibits, and work papers. Communicate with company representatives, Department, and OIR staff, and others to obtain, compile, and review related documentation and information for statutory and rule compliance. Prepare detailed supporting work papers ensuring that: work papers and documentation demonstrate the findings, and that the examinations or investigations were conducted in accordance with applicable Florida Statutes, Florida Administrative Code Rules, and applicable OIR policies and procedures.
  
  The evaluation of financial and related documents, and the completion of examination and investigation assignments, exhibits, and work papers, require advanced knowledge of accounting, finance, and risk management.
• Prepare Draft and Final Examination Reports, Draft and Final Investigation Reports, memos, and other documents in accordance with OIR policies and procedures and as otherwise directed by the OIR.
• Maintain and update records of the status of CCRC's examinations, investigations and consumer complaints/inquiries. Communicate to the supervisor the progress, significant issues, and results of assigned examinations, investigations, and consumer complaints/requests for assistance.
• Review and evaluate, for OIR justification, findings relative to assigned consumer complaints/requests for assistance. Provide recommendations to the supervisor for the scheduling of specific company examinations, opening of investigations, and initial complaint evaluation for OIR jurisdiction. Make recommendations to the supervisor and prepare a response…