Audits Mgr. II-Supervising Financial Analyst-Captives Salary $79,600.00 - $89,500.00 Annually Location Charleston County, SC Job Type FTE - Full-Time Job Number 182064 Agency Department of Insurance Opening Date 11/07/2025 Closing Date 12/7/2025 11:59 PM Eastern Residency Requirement Yes Class Code: AN25 Position Number: 60026127 Normal Work Schedule: Monday - Friday (8:30 - 5:00) Pay Grade GEN12 Hiring Range - Min. $79,600.00 Hiring Range - Max. $89,500.00 Opening Date 11/07/2025 EEO Statement Equal Opportunity Employer Agency Specific Application Procedures: A RESUME WILL NOT BE ACCEPTED NOR REVIEWED TO DETERMINE IF AN APPLICANT HAS MET THE QUALIFICATIONS FOR THE POSITION. If you meet the requirements of the position and would like to be considered, you must submit a state application online. Please complete the state application to include all current and previous work history and education. Supplemental questions are considered part of your official application. Any misrepresentation will result in your disqualification from employment. The quality of the application presented (completeness and accuracy as well as grammar and spelling) will be considered prior to the offer of an interview. An offer of employment is contingent upon a satisfactory criminal background check. Applications will be accepted until 11:59 on the state closing date. Veteran Preference Statement South Carolina is making our Veterans a priority for employment in state agencies and institutions. Description Benefits Questions Job Responsibilities IF YOU APPLIED ON A PREVIOUS POSTING FOR A CAPTIVES SUPERVISING FINANCIAL ANALYST,WITH THE SC DEPARTMENT OF INSURANCE, PLEASE DO NOT RE-APPLY. WE HAVE YOUR APPLICATION ON FILE. Mission Statement:The mission of the State of South Carolina Department of Insurance is to protect the insurance consumers, the public interest, and the insurance marketplace by ensuring the solvency of insurers; by enforcing and implementing the insurance laws of the State; and by regulating the insurance industry in an efficient, courteous, responsive, fair, and equitable manner. For more information about working at the SC Department of Insurance, please visit Department of Insurance, SC - Official Website | Official WebsiteThis position is located the Office of Financial Regulation and Solvencys Captives Division. in Charleston, SC and/or Columbia, SC.Job Purpose:Under the general supervision of the Chief Financial Analyst, the Captives Supervising Financial Analyst is responsible for supervising the captive financial analysts conducting risk-focused financial analyses on assigned insurers. This position provides input on technical matters, acts as a reviewer of the work performed by the captive financial analysts, ensures that captive analyst work is an appropriate execution of the risk-focused analysis approach, and provides guidance, support, and training to captive financial analysts. This position may also be assigned primary responsibility for reviewing and monitoring the current financial condition and prospective financial solvency of more complex and higher priority insurance companies.****Supervise the quality of the analysis process for risk retention groups (RRGs), including appropriate depth of review, supporting documentation, and resolution of concerns. Ensure that analysis performed appropriately incorporates information from company filings, internal sources, external sources, and NAIC tools and reports. Ensure that analysis performed is customized to promote effectiveness and efficiency in accordance with the size, risk, and complexity of the insurer. Supervise the workflow of the analysis process, including but not limited to, compliance with timeliness guidelines set forth in the NAIC Accreditation Program Manual.Correspond with company executives, department staff, and other regulators to investigate issues identified, and evaluate whether additional regulatory actions are warranted. Review conclusions and supporting rationale related to an insurers priority level and determine if modifications are necessary. Review, challenge, and where applicable, revise the updated Insurer Profile Summary (IPS) and/or Group Profile Summary (GPS) on a timely basis to ensure that significant risks identified and ongoing monitoring are effectively shared with other regulators. Review analyst conclusions regarding insurer compliance with state laws, regulations, and NAIC standards and guidelines.Act as primary reviewer of more complex and higher priority RRGs. Obtain, review, and analyze annual and quarterly insurer financial statements and all related supplemental regulatory filings (including, but not limited to, audited financial reports, actuarial opinions, managements discussion and analysis, holding company filings, enterprise risk reports, ORSA summary reports, etc.).Obtain, review, and analyze information and results presented in NAIC FAST tools, including IRIS ratios, Scoring System, Analyst Team System, Financial Profile, etc. Obtain, review, and analyze information from other sources relevant to the current and prospective financial solvency of insurers and/or groups (including but not limited to public news reports, rating agency reports, SEC filings, earning calls and releases, etc.).Review captive analysts detailed financial analysis checklists for annual non-RRG captive insurance reviews in accordance with Department procedures. Act as primary reviewer of more complex and higher priority non-RRGs. Assist Chief Financial Analyst and Business Plan Change Analyst with higher-level and complex business plan change requests.Assist with licensing, marketing, and promotional activities for the domicile and the captive program, as assigned. Attend meetings with prospective companies seeking licensure and help raise awareness of South Carolina as a captive domicile. Attend and represent the Department at captive industry conferences. Participate on the Captive Application Review Committee to review new captive applications. Participate on the Troubled Company Committee to review captive companies in hazardous financial condition. Assist in development of recommendations for regulatory actions for troubled companies and their implementation and follow-up.Assist in determining assignments of insurer and insurance groups and the level of oversight provided to analysts based on risks, complexity, and staff abilities. Coordinate work performed with other regulatory functions to avoid duplication of efforts and/or requests. Review research or perform research on complex issues including State law, State regulations, accounting standards, etc. Instruct assigned analysts in the application of risk-focused surveillance concepts and advanced analytical skills.Encourage and direct staff to alter analysis approach and procedures based on results of work performed, information obtained, and facts/circumstances. Encourage and direct staff to exercise professional skepticism and utilize critical thinking in investigating issues and reviewing information provided by the insurer.Assist with special projects and perform other duties as assigned by supervisors. Must attend examination meetings and ensure the captive analyst is properly prepared to present overview of assigned companies, provide summary of risks identified, etc. Must organize and maintain supervisory files in a logical and efficient manner. Stay apprised of industry trends through review of business journals, industry publications, etc. to determine impact on insurers in state and continue to improve focus and execution of the financial analysis process. Maintain relevant designations that enhance the analysts ability to perform analysis and effectively monitor the ongoing solvency of insurers (e.g. CFE, PIR, CPCU, FLMI, etc.). Minimum and Additional Requirements A Bachelors degree in accounting, auditing, business administration, finance or insurance and professional experience in accounting, auditing, finance, insurance, or tax preparation and/or analysis.Insurance designation(s) or progress towards their attainment.Overnight travel may be required but it is not normally anticipated.Proficient in MS Word, Excel, and other related tools. Preferred Qualifications Captives experience greatly preferred.Appropriate coursework in accounting/ auditing. 3 years of financial analysis, public accounting or similar experience in the insurance, reinsurance or alternative markets.Strong communication skills (both written and oral) and advanced understanding of insurance operations, risks, risk management techniques, and transaction flows.Advanced understanding of risks that could emerge from non-insurance operations of a group.Ability to aggregate and summarize information from a wide-range of available sources.Takes responsibility and is accountable for solvency monitoring of assigned companies.Objective, fair, reasonable, and courteous with the ability to apply good judgment and draw sound conclusions while setting a good example.Ability to research and apply applicable state laws, regulations, procedures and practices and NAIC statutory and/or GAAP accounting practices.Ability to understand and evaluate the enterprise risk management functions of insurers.Ability to supervise staff captive analysts and invest in staff development. Ability to review work of others, challenge conclusions reached, and provide constructive feedback.Ability to make decisions based on reasonable and timely analysis.Ability to evaluate and challenge information provided by company. Additional Comments IF YOU APPLIED ON A PREVIOUS POSTING FOR A CAPTIVES SUPERVISING FINANCIAL ANALYST,WITH THE SC DEPARTMENT OF INSURANCE, PLEASE DO NOT RE-APPLY. WE HAVE YOUR APPLICATION ON FILE. Benefits for State Employees The state of South Carolina offers eligible employees generous benefits, including health and dental insurance; retirement and savings plan options; and paid vacation and sick leave. Plus, work-life balance programs such as telecommuting and flexible work schedules are available to employees of some state agencies. Insurance BenefitsEligible employees may enroll in health insurance, which includes prescription coverage and wellness benefits. Other available insurance benefits include dental, vision, term life insurance, long term disability and flexible spending accounts for health and child care expenses. Retirement BenefitsState employees are also offered retirement plan options, including defined benefit and defined contribution plans. Additionally, eligible employees may elect to participate in the South Carolina Deferred Compensation Program, which is a voluntary, supplemental retirement savings plan offering 401(k) and 457 plan options. Workplace BenefitsState employees may also be eligible for other benefits, including tuition assistance; holiday, annual and sick leave; and discounts on purchases, travel and more. Note: The benefits above are available to most state employees, with the exception of those in temporary positions. Employees in temporary grant and time-limited positions may be eligible for all, some or none of these benefits as benefits are associated with each position type. For these positions, contact the hiring agency to determine what benefits may be available. 01 Describe your experience with captive insurance and/or regulation. 02 Describe your prior supervisory experience. 03 Do you have any credentials/designations? Yes No 04 If you answered yes to question 3, please list those credentials/designations. Yes No 05 Describe your prior financial analysis experience. Yes No 06 If offered the position of Captives Supervising Financial Analyst, are you will to accept $79,600-$89,500 annually? Yes No Required Question Employer State of South Carolina Agency Department of Insurance Address 1201 Main Street, Suite 1000 Columbia, South Carolina, 29201 Phone 803-737-6160 The language used in this document does not create an employment contract between the employee and the agency. This document does not create any contractual rights or entitlements. The agency reserves the right to revise the content of this document, in whole or in part. No promises or assurances, whether written or oral, which are contrary to or inconsistent with the terms of this paragraph create any contract of employment.