Captive Analyst

Job Description - Captive Analyst )

Captive Analyst - (  )

The Montana State Auditor, Commissioner of Securities and Insurance (CSI), protects Montanans by regulating two of the state's largest industries - securities and insurance. CSI works to foster a thriving marketplace through education, common-sense regulation, and equitable enforcement of the law to support consumers, businesses, and a fair insurance market. For more information, please visit our website HERE.

CSI has an opportunity for a full-time Financial Examiner (Captive Analyst) in the Examinations Bureau in Helena, Montana. This position is responsible for the financial oversight of approximately 1,400 licensed insurers, including approximately 300 captive insurance companies domiciled in Montana. Solvency determination and monitoring is achieved primarily through financial analysis and financial examination conducted in accordance with strict guidelines promulgated by the National Association of Insurance Commissioners (NAIC).

This is an on-site position located in Helena, Montana.

Key responsibilities of this position include:

The incumbent will perform duties in support of financial solvency analysis by performing in-depth financial analysis of insurance companies domiciled in Montana. The incumbent will perform risk-focused examinations of insurance companies as an entry level examiner for in-state examinations or multi-state examinations, utilizing knowledge of generally accepted auditing standards and familiarity with the NAIC Examiners Handbook and local procedures. The incumbent will be responsible for providing excellent customer service.

The strongest candidates will bring many of the following qualifications and strengths:

Knowledge of insurance company operations, accounting practices and procedures, examination procedures for insurance companies, analytical tools and practices applicable to insurance company financial statements, accreditation guidelines, insurance laws and regulations, and the state insurance regulation framework. The incumbent must have the ability to communicate effectively in writing and the ability to review financial and company data to formulate logical and accurate conclusions, and present reasonable recommended courses of action.

They must be able to work with a team, exhibit analytical thinking and commitment to the profession, be reliable and dependable, be accurate and pay attention to detail, work effectively with confidential information, establish and maintain effective working relationships, and show strong independent judgment.

• Outstanding State of Montana Benefits: Comprehensive health, dental, and vision coverage for you and your family starting on your first day of employment. Access to telehealth and comprehensive services at the employee health clinics at no additional out-of-pocket cost through our medical plan. Additional details are available HERE.
• Retirement Security: Choice between two retirement plans with an employer contribution between 8.73% - 9.07% of your annual salary. A third optional 457(b) deferred compensation plan is also available. Additional details are available HERE.
• Loan Forgiveness: Employment with the State of Montana may qualify you for the federal Public Service Loan Forgiveness (PSLF) program.
• Positive Culture: CSI is a small, family-friendly state agency. Our success comes from building effective working relationships based on mutual trust and respect for each other’s skills and abilities. We will encourage you to excel both in your individual competencies and as a team player. To learn more, visit our “Work with Us” page HERE.
• Beautiful Helena, Montana: As the capital of…