TDI - Financial Analysis - Financial Examiner III

• Please paste the following URL into a browser to view the entire job posting on the CAPPS Careers page.https://erphcmprd.cpa.texas.gov/psp/candidateportal/EMPLOYEE/HRMS/c/HRS_HRAM_FL.HRS_CG_SEARCH_FL.GBL?Page=HRS_APP_JBPST_FLand
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• Do you have a passion for public state service and enjoy making a difference?
• The Texas Department of Insurance (TDI) is hiring!
• We regulate the insurance industry, administer the Texas workers compensation system, perform the duties of the State Fire Marshal's Office, and educate and protect consumers.
• Apply now if you're looking for a rewarding career in public service.
• The Texas Department of Insurance is in the Capitol Complex, in the Barbara Jordan Building at 1601 Congress Avenue in Austin, near the Texas Capitol.

Benefits of working at TDI: Flexible work schedules. Work-life-balance. 96 hours of accrued vacation a year. 96 hours of accrued sick leave a year. 20+ holidays every year. Career advancement opportunities. Free parking. 401(k) and 457 Programs.

State of Texas retirement plan with a lifetime annuity through the Employee Retirement System of Texas (ERS). Free comprehensive medical insurance for full-time employees and 50% off premium costs for dependents (state pays other 50%). Optional benefits like dental, vision, life insurance, and many more. Qualified employer for the Federal Public Service Loan Forgiveness Program. Before you apply:

Learn about our selection process, our military employment preference, licensing, and credential requirements.

Job Description

Financial Examiner III (Financial Analyst) This position performs moderately complex (journey-level) financial analysis work. Work involves monitoring the ongoing operations of business entities including the effectiveness of operational and risk management; assessing the financial strengths and weaknesses of entities; and identifying risks and challenges to entities in executing their business plan.

Assess magnitude and impact of risks to business entities through analysis of financial statements, business plans, holding company management, and regulatory filings to determine financial condition and develop/update an appropriate supervisory plan. Works under general supervision, with limited latitude for the use of initiative and independent judgment. Essential Job

Duties

• This position: Travel is required up to 5% of the Time If travel is over 10%, you must maintain state of Texas driver's license.
• Perform analysis of business entities and including an assessment of corporate governance, enterprise risk, capital position, and financial statements.
• Monitor the ongoing operations of business entities, including the effectiveness of operations and risk management.
• Assess the financial strengths and weaknesses of entities.
• Actively participate in self-study regime to meet examiner certification and training requirements.
• Monitor solvency with a focus on identifying current and future risks to the business entity.
• Extract complex information from both macro and micro economic perspectives to assess possible implications to entities and the market.
• Communicate with business entities, agency management, and other regulators.
• Prepare and presents professional summaries of issues, risks, and recommendations.
• Performs other duties as assigned.

Minimum Qualifications

• This position requires: Graduation from an accredited four-year college or university with major coursework in business administration, accounting or finance, risk management, economics, or a related field.
• Successful completion of the following courses is required for degrees other than Accounting: Accounting Fundamentals (6 semester hours) Finance or Economics (3 semester hours) Or Have a Master of Science (MS) or Master of Business Administration (MBA) in accounting from an accredited college or university.
• Or Be a Certified Public Accountant.
• Must be eligible for the bond-related provis ons of Insurance Code Section 401.106 and take the oath required by Insurance Code Section 401.1
• 5. NOTE: To attain the Certified Financial Examiner designation, a total of three semester hours of a management course from an accredited college or university is required.
• Management courses offered by CPCU, LOMA and CLU will satisfy this requirement.
• Additional job details: Must attain the Accredited Financial Examiner (AFE) designation from the Society of Financial Examiners within a period of no longer than three years after employment.
• Must attain the Certified Financial Examiner (CFE) designation from the Society of Financial Examiners within a period of no longer than five years after employment.

Preferred Qualifications

• Preferences for this position include: Knowledge of Financial Regulation.
• Insurance experience.
• Risk identification and risk assessment experience.
• Experience in the application of Generally Accepted Accounting Principles.
• Knowledge/Skills/Abilities
• This position requires demonstrated knowledge of:
• State laws, rules, procedures, and regulations relevant to job requirements.
• General understanding of business law and practices.
• Basic legal and departmental regulations affecting insurance entities.
• General office practices and administrative procedures.
• Gathering and assimilating information from multiple sources efficiently.
• Basic accounting of Statutory Accounting Principles (SAP) and Generally Accepted Accounting Principles (GAAP). This position requires demonstrated skill in:
• Problem solving and critical thinking.
• Using Microsoft Office software applications, including Word, Excel, Outlook, and SharePoint. Using personal computers sufficient to enter and extract data from related systems and programs such as Centralized Accounting Payroll and Personnel (CAPPS) and other systems required to perform the job.
• Developing clear and concise co