Insurance Contract Analyst 2

Insurance Contract Analyst 2

About Us:

The Ohio Department of Insurance (ODI) was established in 1872 as an agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in Ohio.

Today, the mission of the Ohio Department of Insurance is to provide consumer protection through education and fair but vigilant regulation while promoting a stable and competitive environment for insurers.

Please visit our website Department of Insurance and also find us on LinkedIn.

OPRAS Mission Statement:

The mission of the Office of Product Regulation and Actuarial Services (OPRAS) is to provide consumer protection and assure compliance with all applicable insurance laws and regulations through the review of insurance product policy forms and verification that premium rates are actuarially sound.

OPRAS is seeking one developmental level contract analyst. This position is considered entry level and requires analytical skills, a good working knowledge of Excel and the ability to manage multiple assignments. The ideal candidate will have exposure to insurance practices governing life, health and annuity insurance products.

The Insurance Contract Analyst 2 position is important to our mission. OPRAS is seeking a candidate to assist in the day-to-day work of the division.

This is an opportunity to use your insurance knowledge in the following ways:

• Working with Life and Health insurance products to expand your knowledge and understanding of policy language
• This position would be the initial contact with insurance companies in the filing process
• Providing consumer protection through the review and analysis of policy language

If this sounds interesting to you, continue reading below to learn more about the career opportunity with our Department!

What You'll Do:

As an Insurance Contract Analyst 2, your key responsibilities would include but are not limited to:

• Assigning form and rate filings to the appropriate reviewers;
• Analyzing entry level policy form submissions for compliance with state and federal laws and policies;
• Notifying insurance companies of compliance issues with their proposed policies and other forms, providing necessary information to the filers, and approving forms for use in Ohio; and Creating and maintaining OPRAS databases using advanced or complex functionality or tools

What’s in it for you:

Opportunities for potential advancement. Unless required by legislation or union contract, the final candidate can expect to be paid at the lowest step in the pay range (step 1). As an Insurance Contract Analyst 2, you will receive a raise after six (6) months and yearly step increases until you reach the top level of the pay range. There may also be possible cost of living adjustments (COLA) and longevity supplements begin after five (5) years of state service.

This position is designated as telework eligible. The agency has a hybrid work model (i.e., working in the office and working from home on a schedule based on operational need). As such, successful candidates must have and maintain internet at their remote location during normal working hours. In addition, employees must reside in Ohio and within a reasonable distance from the Department location to respond to workplace reporting requirements.

At the State of Ohio, we take care of the team that cares for Ohioans. We provide a variety of quality, competitive benefits to eligible full-time and part-time employees. For a list of all the State of Ohio Benefits, visit our Total Rewards website!

Completion of undergraduate core program in insurance, business or mathematics; 2 years experience in insurance field working with insurance contracts (e.g., health; life; annuities; personal lines; commercial lines) pertinent to assigned division (e.g., for positions in managed care division, experience must be in managed care field, for positions in property & casualty division, experience must be in property & casualty field, for positions in life & health division, experience must be in life & health field); 6 months experience in operation of personal computer or mainframe computer.

Or 4 courses in insurance pertinent to assigned division (e.g., for positions in managed care division, courses must be in managed care field, for positions in property & casualty division, courses must be in property & casualty field, for positions in life & health division, courses must be in life & health field); 3 years experience in insurance field working with insurance contracts (e.g., health; life; annuities; personal lines; commercial lines) pertinent to assigned division (e.g., for positions in managed care division, experience must be in managed care field, for positions in property & casualty division, experience must be in property & casualty field, for positions in life & health division, experience must be in life & health field); 6 months experience in operation of personal computer or mainframe computer.

Or 4 years experience in insurance field working with insurance contracts (e.g., health; life; annuities; personal lines; commercial lines) pertinent to assigned division (e.g., for positions in managed care division, experience must be in managed care field, for positions in property & casualty division, experience must be in property & casualty field, for positions in life & health division, experience must be in life & health field); 6 months experience in operation of personal computer or mainframe computer.

Or 2 years experience as Insurance Contract Analyst 1, 66741, in assigned division (e.g., for positions in managed care division, experience must be in managed care division, for positions in property & casualty division, experience must be in property & casualty division, for positions in life & health division, experience must be in life & health division).

Or equivalent of Minimum Class Qualifications For Employment noted above.

Knowledge of insurance practices governing assigned division (e.g., property & casualty division or life & health division or managed care division); federal & state laws, regulations & standards & agency policies & procedures governing insurance operations of assigned division; statistics; employee training & development*. Skill in operation of calculator; operation of personal computer or mainframe computer. Ability to define problems, collect data, establish facts & draw valid conclusions; read technical literature of concrete nature; gather, collate & classify information about data, people or things; handle sensitive inquiries from & contacts with officials & general public; communicate both verbally & in writing. (*)Developed after employment.

Application Procedures:

All applicants must submit a completed Ohio Civil Service Application and clearly indicate how they meet the minimum qualifications and/or position specific minimum qualifications. Applicants are also encouraged to document in detail any experience, education and/or training related to the job duties of the positions(s) applying for. All answers to the supplemental questions MUST be supported by the work experience/education provided on your civil service application. Attachments to your application are not accepted for this job posting. In order to be considered for this position, you must apply on-line. Paper applications WILL NOT be accepted.

Educational Transcripts:

Official educational transcripts are required for all post-high school educational accomplishments, coursework or degrees claimed on the application. Applicants will be required to submit an official transcript if selected for an interview. Failure to provide the transcript at the time of the interview will cause the applicant to be eliminated from further consideration.

Status of Posted Positions:

You can check the status of your application online by signing in to your profile. Jobs you applied for will be listed. The application status is shown to the right of the position title and application submission details. Questions about the position not pertaining to your application status can be directed to: Kim Lowry @ 614-644-2681.

**Correspondence regarding your application will be sent to the email address provided on your application.**

Applicants must be currently authorized to work in the United States on a full-time basis.

Reasonable Accommodation: ODI is committed to providing access and inclusion and reasonable accommodation in its services, activities, programs, and employment opportunities in accordance with the Americans with Disabilities Act (ADA) and other applicable laws. To request a reasonable accommodation due to a disability please the agency Human Resource Offices’ ADA Coordinator, Andrew Skal, by emailing Andrew.Skal@insurance.ohio.gov or calling 614-644-3264 or TTY 711(then dial) 614-644-3264 no later than a minimum of fourteen (14) days before a hiring event, for example, a structured interview.

The final candidate selected for the position will be required to undergo a criminal background check. Criminal convictions do not necessarily preclude an applicant from consideration for a position. An individual assessment of an applicant's prior criminal convictions will be made before excluding an applicant from consideration.