Insurance Specialist 1/2 Flex

Job Description

The Division of Insurance is recruiting for an Insurance

Specialist

1/2

flex position located in Anchorage

!

What you will be doing:

This position requires thorough understanding and review of insurance policies, rates and rules. Reading proficiency, attention to detail, time management, organization, and critical thinking skills are essential for success in this position. Reading and review of insurance forms, rules, and rates account for 80% of this position's work load. There is extensive one-on-one training for the first two years in this position. This position requires the selected candidate to obtain IRES AIE designation within two years and six months of hire. Continuing professional education in the insurance industry is required yearly to maintain the AIE designation.

This position is flexibly staffed within the Property and Casualty (P&C) section and covers two levels of duties. The Insurance Specialist 1/2 position conducts professional research, analysis and evaluation of factors affecting the sale and marketing of insurance, including monitoring the conduct of persons and organizations involved in the insurance industry for compliance with Alaska laws, and recommending or initiating appropriate corrective or preventative regulatory action; and reviewing and approving or disapproving rates, rating systems and policy forms used or proposed for use in Alaska by insurers.

Our organization, mission and culture:

The mission of the Division of Insurance is to regulate the insurance industry to protect Alaskan consumers. The Division of Insurance is a small division that consists of 48 positions split between our Anchorage and Juneau offices with the Director based in Anchorage, and the Deputy Director based in Juneau. The P&C section (in Anchorage) within the division fosters an environment for professional development through hands-on training and self-directed learning. We encourage staff seek new skills that will benefit them professionally as well as the Division.

The benefits of joining our team:

The Division of Insurance consists of highly motivated individuals, who believe in the power and importance of teamwork. We strive to make everyone feel welcomed and appreciated. We are a division that celebrates note-worthy events as a team. The division's P&C section provides an environment where staff work independently and as a team to achieve goals. The division encourages advancement within the division, department, and the State of Alaska.

The working environment you can expect:

Located on the 15th floor of the Atwood Building, you will enjoy a panoramic view of downtown Anchorage, Mt. Susitna aka Sleeping Lady, and the Knik Arm. Great dining, shopping, the Park Strip, Anchorage Museum and Atwood Concert Hall are all within short walking distance from the office. Covered parking at the Linny Pacillo parking garage is provided free.

When you come to work, you will be walking into a calm and respectful work environment where everyone knows your name.

Who we are looking for:

Insurance:

Knowledge of various types of insurance, insurance regulations, claims processing, examination, adjudication, or adjustment.

Organizational Awareness:

Knows the organization's mission and functions, and how its social, political, and technological systems work and operates effectively within them; this includes the programs, policies, procedures, rules, and regulations of the organization.

Reading:

Understands and interprets written material, including technical materials, rules, regulations, instructions, reports, charts, graphs, or tables; applies what is learned from written material to specific situations.

Reasoning:

Identifies rules, principles, or relationships that explain facts, data, or other information; analyzes information and makes correct inferences or draws accurate conclusions

Technical Competence:

Uses knowledge that is acquired through formal training or extensive on-the-job experience to perform one's job; works with, understands, and evaluates technical information related to the job; advises others on technical issues.

Special Notice:

This position requires the selected candidate to obtain IRES AIE designation within two years and six months of hire. AIE designation, materials, and exams are eligible for reimbursement upon receipt of a passing grade.

Minimum Qualifications

Insurance Specialist 1 Minimum Qualifications:

Any combination of education and/or experience that provides the applicant with competencies in

Accounting: Knowledge of traditional accounting practices including accrual, obligations, and costs methods.

Insurance: Knowledge of various types of insurance, insurance regulations, claims processing, examination, adjudication, or adjustment.

Learning: Uses efficient learning techniques to acquire and apply new knowledge and skills; uses training, feedback, or other opportunities for self-learning and development.

Mathematical Reasoning: Solves practical problems by choosing appropriately from a variety of mathematical and statistical techniques.

Reasoning: Identifies rules, principles, or relationships that explain facts, data, or other information; analyzes information and makes correct inferences or draws accurate conclusions.

Equivalent to those typically gained by:

Any combination of preparatory post-secondary education and/or experience in mathematics, statistics, accounting, finance, business administration, economics, actuarial science, risk management or insurance-specific planning or consultation, insurance rate forms filings analysis or development, underwriting, and/or reviewing and processing insurance claims or applications.

Designation as an Associate, or higher, by the Society of Actuaries, Casualty Actuarial Society, or Conference of Consulting Actuaries is considered qualifying experience.

Special Note:

“Competencies” means a combination of interrelated knowledge, skills, abilities, and behaviors that enable a person to act effectively in a job or situation.

“Typically gained by” means the prevalent, usual method of gaining the competencies expected for entry into the job.

“Training” and “education” in this guidance are synonyms for the process of acquiring knowledge and skills through instruction. It includes instruction through formal and informal methods (such as classroom, on-line, self-study, and on-the-job), from accredited and unaccredited sources, and long-duration (such as a post-secondary degree) and short-duration (such as a seminar) programs.

Important note if the position you are applying for is an Insurance Specialist 1/2 flex position: An Insurance Regulatory Examiners Society (IRES) Accredited Insurance Examiner (AIE) designation is required by the National Association of Insurance Commissioners (NAIC) Market Regulation Handbook, which is the recognized guide for conducting market regulation as defined under AS 21.06.140(f). Continued employment at the Insurance Specialist 2 level is contingent upon obtaining designation as an AIE within two years, six months of the appointment at the Insurance Specialist 2 level.

Insurance Specialist 2 Minimum Qualifications:

Successful completion of a formal training plan as an Insurance Specialist 1 with the State of Alaska

OR

Any combination of education and/or experience that provides the applicant with competencies in

Insurance: Knowledge of various types of insurance, insurance regulations, claims processing, examination, adjudication, or adjustment.

Mathematical Reasoning: Solves practical problems by choosing appropriately from a variety of mathematical and statistical techniques.

Reasoning: Identifies rules, principles, or relationships that explain facts, data, or other information; analyzes information and makes correct inferences or draws accurate conclusions.

Research: Knowledge of the scientific principles, methods, and processes used to conduct a systematic and objective inquiry; including study design, collection, analysis, and