Job Description

Work for Indiana

Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.

About the Indiana Department of Insurance (IDOI) : 
The purpose of the Indiana Department of Insurance is to protect Hoosiers as they purchase and use insurance products to keep their assets and their families from loss or harm. Consumers may need assistance with certain claim situations or just help in understanding how their policies work. Our other primary obligation is to monitor the financial solvency of the insurance companies domiciled in Indiana so that the legal promises made in insurance policies are honored. To these ends, our Department staff is committed to providing exceptional customer service for both our consumers and our companies, and to maintain a fair and objective viewpoint as we examine each issue and circumstance within our jurisdiction. 

Role Overview : 

The Junior Investigator exercises independent judgment and initiative, sets priorities on work to be accomplished on a day-to-day basis and develops approaches to be used within agency policies and objectives.  Agency management usually provides guidance for planning examinations.  Your work is reviewed for technical accuracy and for compliance with agency policy.  This role participates in the examining of the insurance company and the formulation and editing of the examination report. This report in almost all cases is accepted as the final summary of the insurance company’s operations. In the course of an examination most of the individual’s decisions and recommendations are either closely reviewed by a supervisor or are the result of a group effort. 

Salary Statement : 

The salary for this position traditionally starts at $47,320.00 but may be commensurate with education or work experience.

A Day in the Life:

The essential functions of this role are as follows: 

• Examine corporate records, policies, procedures, and treatment of policy holders to determine effectiveness of company management and compliance with the insurance code and regulations. 
• Analyze reinsurance treaties for their propriety of soundness in the spreading of risks. 
• Analyze investment transactions for legality, valuation and proper classification and reporting of income received and accrued. 
• Participate in writing the examination report. 

The job profile is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice. 

What You'll Need for Success:

You must meet the following requirements to be considered for employment: 

• Specialized knowledge of insurance accounting and applicable laws. 
• Specialized knowledge of, and ability to apply, financial examining practices and procedures as used in insurance examining. 
• Working knowledge of the organization and practices of various types of insurance companies. 
• Working knowledge of, and ability to apply, provisions of the law governing insurance companies, related legal opinions and court decisions, departmental policies, rules and regulations and insurance industry standards as established by the National Association of Insurance Commissioners (NAIC). 
• Working knowledge of new insurance practices, trends, developments, and techniques. 
• Basic knowledge of business law. 
• Ability to gather and analyze data and reach sound conclusions. 
• Ability to prepare clear, complete, and concise reports. 
• Ability to qualify for a fidelity bond. 
• Effective communication skills.
• Able to perform essential functions with or without reasonable accommodation.

Supervisory Responsibilities/Direct Reports:

This role may be utilized in a supervisory capacity based on agency needs.

Benefits of Employment with the State of Indiana:

The State of Indiana offers a comprehensive benefit package for full-time employees which includes: 

• Three (3) medical plan options (including RX coverage) as well as vision and dental plans
• Wellness Rewards Program: Complete wellness activities to earn gift card rewards
• Health savings account, which includes bi-weekly state contribution
• Deferred compensation 457(b) account (similar to 401(k) plan) with employer match
• Two (2) fully-funded pension plan options
• A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
  • 150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers
  • Up to 15 hours of paid community service leave
• Combined 180 hours of paid vacation, personal, and sick leave time off
• 12 paid holidays, 14 on election years
• Education Reimbursement Program
• Group life insurance
• Referral Bonus program
• Employee assistance program that allows for covered behavioral health visits
• Qualified employer for the Public Service Loan Forgiveness Program
• Free Parking for most positions
• Free LinkedIn Learning access

   

Equal Employment Opportunity:

The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at jobs@spd.IN.gov .

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