What are the responsibilities and job description for the Insurance Financial Analyst Administrative Assistant (OSI #10116947) position at State of New Mexico?
Posting Details
The Office of Superintendent of Insurance regulates all insurance companies doing business in the State of New Mexico. Its role is to enforce all New Mexico laws and regulations applicable to insurance companies doing business within the state for the protection of New Mexico residents utilizing insurance company products and services.
THIS POSTING WILL BE USED FOR ONGOING RECRUITMENT AND MAY CLOSE AT ANY TIME. APPLICANT LISTS MAY BE SCREENED MORE THAN ONCE.
Why does the job exist?
The Insurance Financial Analyst Administrator position exists for the purpose of assisting the Chief Financial Analyst in managing the Financial Analysis and Examinations Department to ensure insurance companies operating with the State of New Mexico are adhering to all laws and regulations of the state in accordance with the National Association of Insurance Commissioners (NAIC), prescribed guidance, and NAIC accreditation standards and compliance with applicable statutory accounting practices and procedures (SAPP), generally accepted accounting principles (GAAP), New Mexico insurance laws, regulations, bulletins and practices and procedures, among others.
How does it get done?
The Insurance Financial Analyst Administrator assists the Chief Financial Analyst in managing the day-to-day operations of the Financial Analysis and Examinations Department including logging and inputting files and forms received from insurers into dashboard tracking sheets and electronic file folders, drafting correspondence, setting up meetings, retrieving financial statement filings from various internet sites, flagging and monitoring the status of deadlines coming due, assisting in preparing analysis with the staff and senior financial analysts, assisting in the planning and scheduling financial reviews, assisting in the performance of technical research to support and challenge technical positions of insurers, among other things.
Who are the customers?
The work of the Financial Analysis supports the Superintendent of Insurance in the mission of protecting New Mexico residents utilizing insurance products and services offered to them by both in state and out of state insurance companies.
Ideal Candidate
The work of the Financial Analysis supports the Superintendent of Insurance in the mission of protecting New Mexico residents utilizing insurance products and services offered to them by both in state and out of state insurance companies.
Minimum Qualification
Associate degree in Business Administration, Public Administration, or Accounting and two (2) years of directly related job experience in the areas of office administration, budgeting, purchasing, finance, accounting, auditing, cash management, and/or contract management. Any combination of education from an accredited college or university in a related field and/or direct experience in this occupation totaling four (4) years may substitute for the required education and experience.
Employment Requirements
Must possess a valid New Mexico Driver's license, a current defensive driving course certification from the State of New Mexico or must pass Defensive Driving Course Certificate within six months of the date of hire as a condition of continued employment.
Working Conditions
Work is performed in an office setting with extensive exposure to Visual/Video Display Terminal (VDT), personal computer, laptop, printer, calculator, hole-punch, cellphone, copy machine, scanner, keyboard and telephone usage.
Supplemental Information
Do you know what Total Compensation is? Click here
Agency Contact Information: Alma Tapia. Email
For information on Statutory Requirements for this position, click the Classification Description link on the job advertisement.
Bargaining Unit Position
This position is covered by a collective bargaining agreement and all terms/conditions of that agreement apply and must be adhered to.
The Office of Superintendent of Insurance regulates all insurance companies doing business in the State of New Mexico. Its role is to enforce all New Mexico laws and regulations applicable to insurance companies doing business within the state for the protection of New Mexico residents utilizing insurance company products and services.
THIS POSTING WILL BE USED FOR ONGOING RECRUITMENT AND MAY CLOSE AT ANY TIME. APPLICANT LISTS MAY BE SCREENED MORE THAN ONCE.
Why does the job exist?
The Insurance Financial Analyst Administrator position exists for the purpose of assisting the Chief Financial Analyst in managing the Financial Analysis and Examinations Department to ensure insurance companies operating with the State of New Mexico are adhering to all laws and regulations of the state in accordance with the National Association of Insurance Commissioners (NAIC), prescribed guidance, and NAIC accreditation standards and compliance with applicable statutory accounting practices and procedures (SAPP), generally accepted accounting principles (GAAP), New Mexico insurance laws, regulations, bulletins and practices and procedures, among others.
How does it get done?
The Insurance Financial Analyst Administrator assists the Chief Financial Analyst in managing the day-to-day operations of the Financial Analysis and Examinations Department including logging and inputting files and forms received from insurers into dashboard tracking sheets and electronic file folders, drafting correspondence, setting up meetings, retrieving financial statement filings from various internet sites, flagging and monitoring the status of deadlines coming due, assisting in preparing analysis with the staff and senior financial analysts, assisting in the planning and scheduling financial reviews, assisting in the performance of technical research to support and challenge technical positions of insurers, among other things.
Who are the customers?
The work of the Financial Analysis supports the Superintendent of Insurance in the mission of protecting New Mexico residents utilizing insurance products and services offered to them by both in state and out of state insurance companies.
Ideal Candidate
The work of the Financial Analysis supports the Superintendent of Insurance in the mission of protecting New Mexico residents utilizing insurance products and services offered to them by both in state and out of state insurance companies.
Minimum Qualification
Associate degree in Business Administration, Public Administration, or Accounting and two (2) years of directly related job experience in the areas of office administration, budgeting, purchasing, finance, accounting, auditing, cash management, and/or contract management. Any combination of education from an accredited college or university in a related field and/or direct experience in this occupation totaling four (4) years may substitute for the required education and experience.
Employment Requirements
Must possess a valid New Mexico Driver's license, a current defensive driving course certification from the State of New Mexico or must pass Defensive Driving Course Certificate within six months of the date of hire as a condition of continued employment.
Working Conditions
Work is performed in an office setting with extensive exposure to Visual/Video Display Terminal (VDT), personal computer, laptop, printer, calculator, hole-punch, cellphone, copy machine, scanner, keyboard and telephone usage.
Supplemental Information
Do you know what Total Compensation is? Click here
Agency Contact Information: Alma Tapia. Email
For information on Statutory Requirements for this position, click the Classification Description link on the job advertisement.
Bargaining Unit Position
This position is covered by a collective bargaining agreement and all terms/conditions of that agreement apply and must be adhered to.
