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Financial Analyst
Anticipated Starting Salary Range: $52,000 – $65,000
Starting Salary Commensurate with Qualifications and Experience

The State Corporation Commission’s (SCC) Bureau of Insurance (BOI) is seeking a Financial Analyst to join our Financial Regulation Division. This division of BOI ensures that insurance companies licensed in Virginia are financially sound and able to support payment of claims while complying with the applicable laws, rules, and regulations of Virginia.

Position Responsibilities
·      Monitor the financial condition of assigned domestic and foreign insurance companies by reviewing and analyzing annual statements, quarterly statements, audited financial statements, examination reports, and related documents filed by insurers domiciled in and outside of Virginia
·      Determine compliance with insurance laws, rules, and regulations
·      Understand and apply statutory accounting principles
·      Analyze applications, mergers, and reorganizations of insurance companies
·      Prepare financial and business-related analysis, research, schedules, and analysis for solvency, liquidity, profitability, financial, and economic forecasts
·      Review insurance company examination reports for completeness of analysis, sound conclusions, and recommendations

Preferred Qualifications
·      Bachelor’s degree in accounting, finance, or a related field from an accredited college or university 
·      Completion of 15 semester hours of accounting coursework
·      Some work experience in accounting, auditing, or financial analysis
·      Knowledge of accounting and/or auditing
·      Ability to analyze and interpret financial data and relevant Virginia insurance laws and regulations
·      Strong written and verbal communication skills
·      Proficiency in Microsoft Applications, especially in Microsoft Word and Excel
·      Ability to present clear and concise information
·      Ability to work effectively individually and as a member of a team
·      Ability to establish and maintain effective working relationships within the SCC and with outside constituents
·      Strong judgment and decision-making skills
·      Ability to multitask and organizational skills
·      Dependability
·      Any knowledge of Virginia insurance laws, the National Association of Insurance Commissioners (NAIC) Accounting Practices and Procedures Manual, insurance investments, reinsurance or holding company transactions is a plus

SCC Overview
Located in downtown Richmond, Virginia, the SCC is a state agency with regulatory authority over many business and economic interests in Virginia. More information about the SCC may be found on our website: www.scc.virginia.gov
The SCC offers rewarding, impactful work, flexible telework options, work-life balance, and professional development opportunities. The SCC fosters a high-performing workforce with a commitment to diversity and inclusion, collaboration, and alignment with the SCC’s mission and strategic goals. Core benefits provided to SCC employees include competitive health and life insurance programs, pre-tax spending accounts, leave programs, and paid holidays. Employees participate in a state retirement plan with options for tax-deferred retirement savings including employer matching. The state also funds a short and long-term disability program.
The SCC regulates various companies and industries in Virginia; therefore, to avoid any conflict, employees are required to sign a Conflict of Interest Form and must dispose of any stock they hold in a regulated company or dispose of any licenses or certificates they hold in any industry regulated by the SCC unless otherwise permitted. Employees also shall report employment of household members by a regulated company.
The SCC is an Equal Opportunity Employer. Military veterans and national service alumni are encouraged to apply. The SCC uses the E-Verify system to confirm identity and work authorization and does not provide sponsorship. If requested, the SCC will provide reasonable accommodation to applicants in need of accommodation in order to provide access to the application and interview process. A background investigation is conducted on the selected candidate as a condition of employment. 
This position will be classified in the SCC Salary Structure as a Grade P-7 or P-9 and will be non-exempt or exempt from the provisions of the Fair Labor Standards Act (FLSA) depending on the selected candidate’s qualifications and experience.

How to Apply
Qualified candidates are encouraged to apply on the SCC Career Center website at https://careercenter.scc.virginia.gov. This position will remain open until filled; however, interested candidates are strongly encouraged to apply by close of business on January 19, 2022.