Job Description

Do you have a passion for public service and enjoy making a difference? Don't miss out on this opportunity. The Texas Department of Insurance (TDI) is hiring! Apply now if you're looking for a rewarding career in public service. We regulate the insurance industry, administer the Texas workers' compensation system, and educate and protect consumers.

You'll love the benefits of working at TDI:

• Flexible work schedules.
• Hybrid work schedule, if applicable.
• 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.
• Free comprehensive medical insurance for full-time employees and 50% off premium costs for dependents (state pays other 50%).

Before you apply:

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

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.

This position:

• 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.
• Perform other duties as assigned.

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 provisions of Insurance Code Section 401.106 and take the oath required by Insurance Code Section 401.105.

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:

This position requires regular work attendance. The position may be eligible for a hybrid work schedule. If eligible, the employee must have a secure, dedicated workspace with reliable broadband internet service. The ideal candidate must be available for weekly meetings and group collaboration via Microsoft Teams and other applications during regular business hours.

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.

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.

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 conclusions.
• Professional verbal and written communications.
• Strong organizational skills

This position requires the demonstrated ability to:

• Communicate and work effectively with a wide range of people with varied skills, knowledge, and backgrounds.
• Maintain the confidentiality of sensitive information.
• Analyze and solve work-related problems and work independently on a variety of administrative work and technical assignments.
• Manage workload and priorities to meet necessary deadlines.
• Work both independently and as a team player.
• Work independently on a variety of high-level, complex issues and technical assignments.
• Apply statutory accounting practices and analytical skills.
• Take initiative, accept new challenges, and be adaptive to changes.
• Offer positive and constructive ideas, and encouragement and support to other staff members, while upholding the agency's core values.
• Manage time effectively to complete assigned items.

Veterans

Get help translating your military work experience and training courses into civilian job terms, qualifications/requirements, and skill sets. Redact personal or sensitive information from all attachments.

To receive a veteran's preference, you must submit the following documents, as applicable, with your application.

• Copy of the DD-214; member #4.
• Statement of compensation from the Veteran's Administration or
• Copy of the DD1300.

Applicable Military Occupational Specialty (MOS) codes are included, but not limited to one of the following:

36A, F&S, 3404, 6FOX1, 65FX

Click or copy and paste the following link into your browser to access Military Crosswalk information:

http://www.hr.sao.texas.gov/Compensation/MilitaryCrosswalk/MOSC_AccountingAuditingandFinance.pdf

How to apply:

All applications must contain complete job histories, including job title, dates of employment, name of employer, manager's name and phone number, and a description of duties performed. We may reject applications that do not include all the required information. Resumes do not substitute for this required information.

Submitted through Work in Texas:

Work in Texas (WIT) applicants must complete supplemental questions to be considered for the position. To complete supplemental questions, go to CAPPS Career Center to register or log in and access your profile.