Insurance Policy Specialist II

Description

The Kentucky Department of Insurance regulates the Commonwealth's insurance market, licenses agents and other insurance professionals, monitors the financial condition of companies, educates consumers to make wise choices, and ensures Kentuckians are treated fairly in the marketplace. We promote sound, competitive insurance markets; protect the public through effective enforcement and regulations; and empower the public through outreach and education.

We are looking for an Insurance Policy Specialist II to join the Health and Life Insurance and Managed Care Division of the Department of Insurance. As an Insurance Policy Specialist II, you will perform complex research, analysis or planning functions related to health insurance or life insurance programs (including mathematical and statistical analyses) and serve as a project leader.

Responsibilities Include, But Are Not Limited To, The Following

• Performs complex research, analysis of products in the Health and Life and Managed Care Division for compliance with state and federal laws and regulations. Identifies and addresses non-compliance or potential violations.
• Performs complex research and analysis related to health and life insurance including mathematical and statistical analysis. Analyzes complicated and lengthy insurance policy contract language specific to regulatory requirements.
• Recommends related policy, procedures, and database needs. Identifies specific needs to address changes in statutes and regulation and recommends changes needed in procedural processes. Coordinates implementation of changes.
• Provides technical assistance to coworkers, professional organizations, and other government agencies, insurers, and consumers. Serves as a leader of special projects.
• Performs other duties as assigned.
  
  

Other Preferred Skills And Abilities

• Attention to detail
• Excellent verbal and written communication skills
• Time management
• Teamwork
• Organizing skills
  
  

Reasons To Work For Us Include

• A 37.5-hour work week (with occasional overtime required)
• Paid time off (sick and vacation) plus paid holidays
• Overtime and compensatory time
• Affordable health insurance with optional Health Reimbursement Account
• Life insurance
• Retirement
• Wellness incentives program
• Training and career development opportunities; paid continuing education
• Optional Deferred Compensation program (401K)
• Employee discounts on electronics; health and wellness; retail; travel, events and entertainment; and services and education
• Telecommunicating and flexible work schedules
  
  

Applicants must be currently authorized to work in the United States for any employer. If you are interested in a challenging yet rewarding career where you can make a positive impact in your community, we would love to review your application for the Insurance Policy Specialist II, with the Kentucky Department of Insurance.

Minimum Requirements

EDUCATION: Graduate of a college or university with an associate's degree.

EXPERIENCE, TRAINING, OR SKILLS: Four years of professional experience in property and casualty insurance, health insurance, life insurance claims/systems, research, planning, policy development, or administration functions for an insurance company or insurance regulatory agency.

Substitute EDUCATION for EXPERIENCE: Additional education in planning, public administration, business administration, actuarial science, mathematics, statistics, economics, or a related field will substitute for the required experience on a year-for-year basis up to two years OR Successful completion of two actuarial examinations from either the Society of Actuaries or the Casualty Actuarial Society will substitute for the required experience.

Substitute EXPERIENCE for EDUCATION: Additional experience in the preparation of insurance reports, audits, actuarial loss reserving, property and casualty insurance, health insurance, life insurance claims/systems, research, planning, policy development, or administration functions for an insurance company, insurance agency, or insurance regulatory agency will substitute for the required education on a year-for-year basis.

SPECIAL REQUIREMENTS (AGE, LICENSURE, REGULATION, ETC.): NONE

Working Conditions

Duties are typically performed in an office setting.