CAREERS
SENIOR POLICY & PLANNING ANALYST
Salary: $5,161.87 - $6,451.47 per month
GENERAL DESCRIPTION:
To develop and maintain an in-depth knowledge of the evolving health insurance environment with respect to health care, changes within the health insurance industry, ongoing congressional and legislative developments, and the effects on the citizens of Wyoming. To develop and maintain data pertaining to insurance markets, develop policy and agency rules related to changes in health care and insurance, and regularly communicate health care changes and developments to the public through media, including press releases, social media, and public service announcements. To be the department's point of contact regarding legislative action regarding health and health insurance-related activities.
ESSENTIAL FUNCTIONS:
Develop and maintain an in-depth knowledge of the current healthcare environment with respect to health insurance, including the federal Affordable Care Act (ACA) and changes and developments in health law and policy.
Monitor Congressional actions and developments, federal agency actions, Wyoming law, and industry practices.
Advise the Department on policy decisions and changes in the health market, health law, and health insurance.
Research, review, and assess data pertaining to various issues related to market conditions. Conduct market surveys, monitor and analyze market data and other market-related information to identify potential market stability issues and the resulting effects on Wyoming citizens.
Prepare written and verbal reports, draft legislation, agency rules, and fiscal notes.
Provide interpretation of state insurance law and applicable federal law (ACA, ERISA, HIPAA, and COBRA) to companies, consumers, and department staff.
Attend national meetings and participate in conference calls.
Create, maintain, and update Department rules and regulations as required by changes to Wyoming Statutes and new legislation, insurance, consumer changes and trends, and the National Association of Insurance Commissioner model laws and regulations.
Provide testimony to the legislature when necessary regarding health insurance and its impact on Wyoming consumers.
Provide outreach and education to consumers, company representatives, and producers regarding insurance topics.
Update the Department website with health information, materials, brochures, etc.
Provide grant administration and reporting as applicable.
MINIMUM QUALIFICATIONS:
Education:
Bachelor's Degree (typically in Business)
Experience:
1-2 years of progressive work experience (typically in Business) with acquired knowledge at the level of a Policy & Planning Analyst III
OR
Education & Experience Substitution:
4-6 years of progressive work experience (typically in Business) with acquired knowledge at the level of a Policy & Planning Analyst III
FINANCIAL EXAMINER
Salary: $5,161.87 - $6,451.47 per month
GENERAL DESCRIPTION:
The Financial Examiner position monitors the solvency of Wyoming insurance companies by performing risk-focused examinations and financial analysis of insurance companies annual and quarterly statements
ESSENTIAL FUNCTIONS:
Responsible for obtaining the Certified Financial Examiner (CFE) designation after hire.
Plans, performs, and issues reports of examination of all Wyoming domestic insurance companies in accordance with Wyoming Statutes and NAIC standards for the purpose of monitoring financial solvency and statutory compliance.
Reviews and gains an understanding of insurer operations, including its corporate governance structure and its enterprise risk management framework through a review of regulatory filings, discussions with Department staff, discussions with company personnel, review of public information, review of industry trends and other sources of information as applicable
Exercises judgment to identify and assess financial solvency risks facing the company, from both a current and prospective risk perspective.
Identify relevant controls and/or risk mitigation strategies to address risks identified and perform tests of controls to evaluate their effectiveness, as appropriate.
Performs and documents the financial analysis of domestic insurance companies in accordance with Wyoming Statutes and NAIC standards for the purpose of monitoring financial solvency.
Summarizes and documents results of analysis and assessment of risks based on information reviewed as well as communications with the insurer and other regulators.
Corresponds with company executives, department staff, and other state, federal, or international regulators to investigate issues identified, evaluate company responses, and propose additional regulatory actions if warranted.
Investigates and determines if the company is in compliance with state laws, rules, regulations, and NAIC standards and guidelines.
Coordinates and meets with consulting actuaries and insurers' CPA firms.
Reviews applications of insurance companies applying for a license in Wyoming for compliance with statutory requirements; makes recommendations to approve or deny the application.
Reviews financial statements, plans of operation, actuarial opinions, CPA reports, contracts, corporate documents, complaints, and regulatory actions, holding company act filings, and biographical affidavits.
Performs annual review of insurance companies' premium tax returns to determine proper calculations and payments to the State of Wyoming.
Performs examinations on pre-need funeral homes and perpetual care cemeteries.
MINIMUM QUALIFICATIONS:
Education:
Bachelor's Degree (typically in Accounting or Finance)
Experience:
1-2 years of progressive work experience (typically in Accounting or Finance)
Certificates, Licenses, Registrations:
Certification as a Certified Financial Examiner (CFE) or Certified Public Accountant (CPA)