FINANCIAL MANAGER I - 43000423

Financial Manager I - 43000423

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 career and offers a wide variety of top insurance-related courses and professional certifications to ensure that its staff has 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 such as health insurance, dental insurance, vision insurance, retirement plans, flexible spending accounts, health savings accounts, and much more. OIR also offers annual and sick leave, a generous holiday schedule, and flexible work schedules.

This is a highly responsible professional position with both technical and administrative responsibilities. The incumbent provides project management for multiple investigation or examination projects that support the Agency's strategic plan, legislative requirements, and technology needs. The incumbent is responsible for planning and organizing projects to achieve outcomes aligned with the agency's goals. The incumbent will conduct research, provide insurance analysis, and guidance to support project staff and ensure project teams which may include contractors, follow agency procedures and documentation standards.

The primary duty of this position is to supervise and direct the work of two or more full time analysts in Life and Health Market Regulation (LHMR). This position is responsible for assigning, monitoring and reviewing the work of direct reports in accordance with the Office of Insurance Regulation performance procedures. As a supervisor, this position will provide feedback and make recommendations on personnel actions taken within the unit, including working directly with staff to ensure timely and sufficient reviews, monitoring, and statutory examinations of certain industry-related companies to support Agency oversight and implementation of Florida Insurance Codes. Ensure that the review team implements Florida Insurance Code standards and deliver high quality analysis. Provides mentorship to direct reports, using problem solving skills to remove obstacles, resolve conflicts, and mitigate risks when possible and escalates to management when appropriate. Manages and trains on examination procedures and techniques. This position spends most of their time supervising and / or manages a team, including providing annual performance expectations and evaluations, selecting qualified individuals to fill vacancies, reviewing and approving timesheets, taking appropriate corrective / disciplinary action and providing regular feedback. Communicates with, motivates, trains, and evaluates employees. Plans and directs employees work and must recommend actions such as to hire, transfer, suspend, lay off, recall, promote, discharge, assign, reward, or discipline subordinate employees.

• Responsible for the examination plan and management of contractors to ensure high quality review analysis and implementation of Florida Insurance Code. Design and develop examination plans for Agency oversight and assist with contractor procurement. Manage the project scope and implementation activities to deliver reports on time and within budget. Identifies and manages technical and non-technical issues and risks that could impact the project.
• Provide advanced research and analysis, or guide assigned insurance analysts, for assigned projects. This includes but is not limited to in-depth investigations and review of policy forms, rates, contracts, endorsements, claims forms and handling practices, underwriting practices, advertising, premium refunds, record management and other insurance related business practices.
• Conduct informal conferences with insurance companies on business practices, validate findings of statutory examinations, and recommend agency action. Report and communicate examination status with project team members, stakeholders, and Agency management.
• Collaborate with legal counsel to articulate the conceptual, logical, and technical aspects of the examination or investigation report.
• Manage multiple insurance regulatory related projects that support the Agency's business needs by conducting advance technical research and market analysis relating to the insurance industry.
• Conduct market and data analysis on industry conduct and structure to assist the Agency with exams and investigations. Act as a resource for NOI and other reviews.
• Act as a market conduct manager upon earning IRES designation. Responsible for facilitating the examination between the contractor and insurer, managing project scope and budget, reviewing invoices, monitoring exam and escalating exam issues to management.
• Responsible for record management of electronic files related to the examination or investigation.
• Perform other duties as required.

Minimum Qualifications for this position include the following : Knowledge of basic principles of life and health insurance and risk management, general insurance practices of life and health insurers, or general legal practices in a regulatory environment; Knowledge of investigative techniques and practices; Knowledge of methods of compiling, organizing and analyzing data; Skills in using internet and world wide web for research purposes; Ability to use Microsoft Office programs with proficiency in Excel and Word; Ability to communicate effectively verbally and in writing; Ability to prepare detailed / specialized written reports; Ability to plan, organize and coordinate multiple work activities; Ability to establish and maintain effective working relationships with others; Ability to train employees; Ability to understand, interpret and apply laws, rules, regulations, policies and procedures.

Qualified applicants will be required to take a work sample. The annual salary for this position is $65,000.04 Employees of the Office of Insurance Regulation are paid on a monthly pay cycle. This is a non-remote on-site position located in Tallahassee, FL.

Responses to qualifying questions must be clearly supported by the state application and any omission, falsification, or misrepresentation in the answering of the qualifying questions will be cause for immediate elimination from the selection process.

The State of Florida is an Equal Opportunity Employer / Affirmative Action Employer and does not tolerate discrimination or violence in the workplace.

Candidates requiring a reasonable accommodation, as defined by the Americans with Disabilities Act, must notify the agency hiring authority and / or People First Service Center (1-866-663-4735). Notification to the hiring authority must be made in advance to allow sufficient time to provide the accommodation.

The State of Florida supports a Drug-Free workplace. All employees are subject to reasonable suspicion drug testing in accordance with Section 112.0455, F.S., Drug-Free Workplace Act.