Reserve Specialist
Apply NowCompany: State of Wisconsin
Location: Madison, WI 53711
Description:
Introduction
The Wisconsin Office of the Commissioner of Insurance (OCI) protects and educates the public by maintaining and promoting a strong insurance industry.
As employees of the State of Wisconsin, OCI staff enjoy the following benefits:
Learn more about the State of Wisconsin's amazing benefits package here .
Over 85% of employees recommend OCI as a good place to work. Hear what our team members have to say about working for OCI.
In addition to our generous employee benefits, we strive for inclusivity and celebrate different religious holidays and cultural observances and provide flexibility for utilizing paid time off for such celebrations.
Diversity, Equity, Inclusion, and Belonging are core values at OCI that guide how we build our teams, develop our leaders, and create a culture that empowers everyone to be their authentic selves. We believe that when employees are respected and valued for who they are and are accountable for demonstrating that respect to others; it drives greater engagement and collaboration, ignites creativity and innovation, and fosters connection between teams and those we serve.
Position Summary
This is an advanced professional position responsible for evaluating, developing, and recommending program policy and procedure in the areas of premium taxes, statutory accounting, reserving, and effectively implementing revisions to such procedures as directed by division management. This position requires having advanced knowledge of life, health, property and casualty statutory accounting. The position trains and mentors' staff on premium tax calculations and collection, statutory accounting principles applicable to the insurance industry, reserving methods utilized by insurers for compliance with laws and regulations; and standards established by the State of Wisconsin and the National Association of Insurance Commissioners (NAIC). This position requires a high level of expertise in taxes, accounting, and reserving methodologies applicable to the insurance industry.
For more information, please view the Insurance Financial Examiner-Principle (Reserve Specialist) complete position description.
Salary Information
Starting salary for the Insurance Financial Examiner- Principle/ Reserve Specialist will be between $45.00 - $51.85 per hour, plus great benefits. In addition, up to a $1.00 per hour CPA, $3.00 per hour AFE, and $5.00 per hour CFE add-on is available for this classification. This classification is assigned to pay schedule/range 07-02. A 12-month probationary period may be required.
Job Details
Due to the nature of the position, OCI will conduct background checks on applicants prior to selection. OCI does not sponsor visas and is not an eligible OPT employer for those with F1 visas. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States, and to complete the required employment eligibility form upon hire.
This position has potential for a combination of telecommuting and in-person work after an initial training period has been completed. Some travel may be necessary, including out of state travel.
Qualifications
Minimally Qualified candidates will meet the following:
How To Apply
Apply online! To apply, click "Apply for Job" to start the application process. Then, you will access your existing account or to create a new account if you don't have an account. Once you are logged in, click "Apply for Job." Follow the steps outlined in the application process and submit your application. Please visit the Frequently Asked Questions section for general wisc.jobs user information and technical assistance.
Your letter of qualifications and resume are very important parts of your application and are used during our evaluation process to determine your qualifications as they relate to the job. Please review instructions on developing your resume and letter of qualifications . Your cover letter is limited to a maximum of two (2) typed pages, single-spaced, no smaller than 10-point font, with 1-inch margins. Resumes should be limited to no more than two (2) pages (no format requirements). Pages more than the specified limits may not be evaluated. References are not necessary at this stage of the process.
Submitted materials will be evaluated and the most qualified applicants will be invited to participate in the next step of the hiring process for available vacancies.
Permanent classified state employees who are eligible for consideration (transfer or voluntary demotion) should complete the application process as described above by the stated deadline.
The State of Wisconsin is an Equal Opportunity and Affirmative Action employer seeking a diverse and talented workforce. Veterans, women, people of color, members of the LGBTQIA+ community, and people with disabilities are encouraged to apply. We provide reasonable accommodations to qualified applicants and employees with disabilities.
If you are a veteran with a 30% or greater service-related disability and are not currently employed in a permanent position with Wisconsin State Government, please send a cover letter, resume, DD-214 and documentation of your service-connected disability rating (dated within 12 months) to the contact listed below.
Deadline to Apply
Applicant materials are due by 11:59 pm Wednesday, August 7, 2024.
The Wisconsin Office of the Commissioner of Insurance (OCI) protects and educates the public by maintaining and promoting a strong insurance industry.
As employees of the State of Wisconsin, OCI staff enjoy the following benefits:
- Generous Paid Time Off (up to 3 weeks' vacation, 9 holidays, 4.5 personal holidays, and up to 130 hours of sick leave)
- Healthy Work Environment
- Retirement Benefits (participation in one of the nation's top pension programs !)
- Excellent Health Benefits
- Additional benefits (life insurance, income continuation insurance, commuter benefits, student loan forgiveness , and additional retirement savings programs)
Learn more about the State of Wisconsin's amazing benefits package here .
Over 85% of employees recommend OCI as a good place to work. Hear what our team members have to say about working for OCI.
In addition to our generous employee benefits, we strive for inclusivity and celebrate different religious holidays and cultural observances and provide flexibility for utilizing paid time off for such celebrations.
Diversity, Equity, Inclusion, and Belonging are core values at OCI that guide how we build our teams, develop our leaders, and create a culture that empowers everyone to be their authentic selves. We believe that when employees are respected and valued for who they are and are accountable for demonstrating that respect to others; it drives greater engagement and collaboration, ignites creativity and innovation, and fosters connection between teams and those we serve.
Position Summary
This is an advanced professional position responsible for evaluating, developing, and recommending program policy and procedure in the areas of premium taxes, statutory accounting, reserving, and effectively implementing revisions to such procedures as directed by division management. This position requires having advanced knowledge of life, health, property and casualty statutory accounting. The position trains and mentors' staff on premium tax calculations and collection, statutory accounting principles applicable to the insurance industry, reserving methods utilized by insurers for compliance with laws and regulations; and standards established by the State of Wisconsin and the National Association of Insurance Commissioners (NAIC). This position requires a high level of expertise in taxes, accounting, and reserving methodologies applicable to the insurance industry.
For more information, please view the Insurance Financial Examiner-Principle (Reserve Specialist) complete position description.
Salary Information
Starting salary for the Insurance Financial Examiner- Principle/ Reserve Specialist will be between $45.00 - $51.85 per hour, plus great benefits. In addition, up to a $1.00 per hour CPA, $3.00 per hour AFE, and $5.00 per hour CFE add-on is available for this classification. This classification is assigned to pay schedule/range 07-02. A 12-month probationary period may be required.
Job Details
Due to the nature of the position, OCI will conduct background checks on applicants prior to selection. OCI does not sponsor visas and is not an eligible OPT employer for those with F1 visas. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States, and to complete the required employment eligibility form upon hire.
This position has potential for a combination of telecommuting and in-person work after an initial training period has been completed. Some travel may be necessary, including out of state travel.
Qualifications
Minimally Qualified candidates will meet the following:
- Certified Financial Examiner through the Society of Financial Examiners
- Experience in acting as a lead worker
How To Apply
Apply online! To apply, click "Apply for Job" to start the application process. Then, you will access your existing account or to create a new account if you don't have an account. Once you are logged in, click "Apply for Job." Follow the steps outlined in the application process and submit your application. Please visit the Frequently Asked Questions section for general wisc.jobs user information and technical assistance.
Your letter of qualifications and resume are very important parts of your application and are used during our evaluation process to determine your qualifications as they relate to the job. Please review instructions on developing your resume and letter of qualifications . Your cover letter is limited to a maximum of two (2) typed pages, single-spaced, no smaller than 10-point font, with 1-inch margins. Resumes should be limited to no more than two (2) pages (no format requirements). Pages more than the specified limits may not be evaluated. References are not necessary at this stage of the process.
Submitted materials will be evaluated and the most qualified applicants will be invited to participate in the next step of the hiring process for available vacancies.
Permanent classified state employees who are eligible for consideration (transfer or voluntary demotion) should complete the application process as described above by the stated deadline.
The State of Wisconsin is an Equal Opportunity and Affirmative Action employer seeking a diverse and talented workforce. Veterans, women, people of color, members of the LGBTQIA+ community, and people with disabilities are encouraged to apply. We provide reasonable accommodations to qualified applicants and employees with disabilities.
If you are a veteran with a 30% or greater service-related disability and are not currently employed in a permanent position with Wisconsin State Government, please send a cover letter, resume, DD-214 and documentation of your service-connected disability rating (dated within 12 months) to the contact listed below.
Deadline to Apply
Applicant materials are due by 11:59 pm Wednesday, August 7, 2024.