Financial Analyst-Traditional

$54,000 - $64,500/Yr

State of South Carolina - Columbia, SC

Part-time - Entry Level

Remote - Columbia, SC

Executive, Legislative, and Other General Government Support

About the position

The Financial Analyst position at the State of South Carolina Department of Insurance involves analyzing the financial condition of insurance companies to ensure their solvency and compliance with state regulations. The role requires a thorough understanding of insurance operations, risk management, and financial auditing, with responsibilities including reviewing financial statements, conducting detailed analyses, and communicating with company executives and regulators.

Responsibilities

• Obtain, review, and analyze annual and quarterly insurer financial statements and related regulatory filings.
• Complete detailed financial analysis checklists for insurance companies in accordance with Department procedures.
• Customize analysis procedures based on the size, risk, and complexity of the insurer.
• Summarize and document results of analysis and communicate with insurers and regulators.
• Research complex issues related to state law, regulations, and accounting standards.
• Assist with special projects and perform other duties as assigned.

Requirements

• Bachelor's degree in accounting, finance, insurance, risk management, or related field.
• Proficient with Microsoft Word and Excel.
• Experience in financial auditing.

Nice-to-haves

• Experience with NAIC FAST tools and IRIS ratios.
• Knowledge of state laws and regulations regarding insurance.

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• Retirement plan
• 15 days annual leave per year
• 15 days sick leave per year
• 13 paid holidays
• Employee Assistance Program
• Free counseling sessions for employees and household members
• Free legal counseling
• Free financial counseling
• Flexible Work Schedules
• Compressed work weeks
• Part-time telecommuting
• Flex-time
• Free Gym Access
• Growth Opportunities
• Certifications/designation program allowing for salary increases and bonuses
• Infants at Work Program
• Free Parking