Financial Analyst-Captives

Senior Auditor/Analyst The South Carolina Department of Insurance (SCDOI) is seeking motivated individuals to join our Financial Regulations & Solvency Division as Senior Auditors/Analysts. Experience is not required, we will train the right candidates. A bachelor's degree in Accounting, Finance, Insurance, Risk Management or related field, with appropriate coursework in accounting/auditing is required. In this role, you will help protect South Carolina consumers by evaluating the financial strength and solvency of insurance companies operating in the state. Working under the direction of the Supervising Financial Analyst, you will review statutory and/or GAAP financial statements, assess risks, identify solvency concerns, and determine compliance with state laws and NAIC guidance. You will analyze company financial statements, audited financial reports, actuarial opinions, holding company filings, NAIC solvency tools, and financial indicators to understand trends, ratios, and emerging risks. Job Functions: Review and analyze annual and quarterly insurer financial statements and all related supplemental regulatory filings, NAIC reports, and information from other sources relevant to the current and prospective financial solvency of insurers and/or groups. Complete project assignments as described in Job Duty #1 within deadlines established by supervisor(s).The Analyst will complete detailed financial analysis checklists on a timely basis for non-RRG captive insurance companies in accordance with Department procedures. Must participate in examination meetings as determined by supervisors and present overview of assigned companies, provide summary of risks identified, etc. Must organize and maintain analysis files in a logical and efficient manner. Candidates must hold a bachelor's degree in Accounting or Finance, Insurance, Risk Management or related field, and be proficient in Microsoft Excel and Word. Preferred qualifications include coursework or experience in accounting or auditing, 1–3 years of financial analysis experience, and progress toward certifications such as CPA, CFE, ARe, or CPCU. While not required, these credentials are encouraged. SCDOI offers extensive professional development training and opportunities to pursue qualifying certifications. When these certifications are passed, employees become eligible for financial rewards, including salary increases or bonuses tied to their achievement. Joining SCDOI offers a meaningful public service career with excellent state benefits, stability, and ongoing training. Applicants indicating college credit or degree(s) on the application will be required to submit a sealed, certified copy of the transcript(s) prior to beginning employment. Failure to produce an official, certified transcript will result in any conditional offer of employment being rescinded.