Work at MEMIC
Statutory Financial Analyst
Location: Portland, ME
The Statutory Financial Analyst’s primary responsibilities include insurance related financial regulatory compliance. This includes preparing and submitting quarterly and annual regulatory filings; preparation of quarterly pass thru assessments; financial call research; testing and preparation for NCCI and other rating agencies; as well as miscellaneous statutory, regulatory and other license-related applications and filings.
- Responsible for quarterly pass-thru assessment payment and reconciliation of periodic general ledger to the various state regulatory agencies and any associated follow-up.
- Interprets and researches various state-related financial call components, filings, confirms loss cost multipliers and other applicable considerations with NCCI and various state rating agencies; coordinates with the underwriting compliance department and performs interim and year-end testing.
- Follows up on any financial call-related inquiries from NCCI and other independent rating boards to resolve in a timely manner.
- Prepares various state regulatory miscellaneous filings in applicable states and monitors appropriate due dates.
- Maintains inventory, filing and payment of all certificates of authorities to conduct insurance business for risk bearing entities and the MEMIC Agency.
- Responsible for premium, commission and/or assessment related accruals and reporting as well as reconciliation for workers' compensation as it pertains to state-specific accruals.
- Attends industry and Company events as well as internal meetings upon request.
- Responds to internal and external inquiries using problem solving and independent judgment.
- Bachelor's degree with 3-5 years of proven experience in finance, insurance or compliance or an equivalent combination of work and education experience.
- Strong working knowledge of Microsoft Excel functions and formatting.
- Strong research skills and excellent analytical abilities to interpret the effects of complex accounting practices on combined companies is a must.
- Strong interpersonal and customer skills, including the ability to listen and communicate clearly.
- Sound independent judgment, critical thinking, problem solving and decision making skills.
- Must be self-motivated, able to work independently and results driven.
- Strong organization and time management skills along with strong attention to detail are necessary.
- Willing to accept new responsibilities, work well under pressure, adjust to shifting priorities, and handle multiple tasks.
How to Apply:
Apply by emailing resume to firstname.lastname@example.org. You can also reach us by calling 1-800-660-1306.