Insurance Financial Specialist 2

Insurance Financial Specialist 2

Salary

$43,357.00 - $75,789.00 Annually

Location

Kanawha County, WV

Job Type

Full-Time Permanent

Job Number

INS26037 PSA

Department

Revenue - Insurance Commission

Opening Date

06/10/2026

Closing Date

6/19/2026 11:59 PM Eastern

LOCATION OF VACANCY

KANAWHA

Civil Service Type:

Classified-Exempt - This Position is Not Covered Under the DOP Merit System

• Description
• Benefits
• Questions

Nature of Work

• This job opportunity is not in the classified service and is not covered by the West Virginia Division of Personnel merit system. *

Division: Workers Compensation/Self-Insurance

Office Location: 900 Pennsylvania Avenue, Charleston, WV 25302

The Workers Compensation/Self-Insurance division of the WV Offices of the Insurance Commissioner was developed to administer the Self-Insurance Program and to assist current self-insured employers, employers desiring to apply for self-insurance status, and those individuals seeking program information.

The ideal candidate will be responsible for performing the following duties:

• Regulate employers which are authorized to self-insure their workers' compensation coverage.
• Perform the Annual Reviews of active/inactive self-insured employers (SIE) following Chapter 23 and guidelines of CRS 85-18, 85-19, et al. (statute and rules)
• Review and analyze year-end audited financial statements which have been prepared using Generally Accepted Accounting Principles (GAAP) to determine whether a self-insured employer is in an acceptable financial condition within the previously mentioned statutory and regulatory requirements. The entry of year-end financial data into a proprietary financial mode4l assists with this duty.
• Review annual and quarterly payroll submissions for active SIE's to determine if they comply with statute and rules.
• Review submitted year-end claims data with prior year-end data submissions to ensure data integrity.
• Communicate with self-insured employers and representatives to ensure data corrections are made and submitted timely.
• Calculate self-insured liabilities to set surety requirements. The entry of year-end claims data into an actuarial model assists with this duty.
• Review monthly and year-end data reports to ensure Electronic Data Interchange (EDI) is adequate to maintain the OIC's Claims Index as defined in CSR 85-2.
• Analyze outstanding liabilities and current surety to ensure compliance with self-insured security requirements set forth in the statute and rules.
• Monitor additional surety requirements and submissions to ensure a surety instrument is acceptable and submitted within the established timeframe(s). a surety record is maintained for each SIE.
• Prepare and provide Annual Review Summary for each active self-insured regulatory surcharge and self-insured risk pool assessments.
• Process certificates of renewal and send annual data calls.
• Maintain the OIC's systems to ensure SIE contact information is current.
• Review and process documents provided with SIE business modifications (mergers, sales, acquisitions, bankruptcies, etc.) as they occur, to make a recommendation regarding continuation of self-insurance.
• Process applications for self-insured status according to statute and rules and communicate with the applicant.
• Determine if applicants are financially and administratively capable of being self-insured and make a recommendation to OIC management once the application has been completed and reviewed.
• Maintain the OIC's data relating to self-insured accounts and documents. This includes maintenance of account notepads, contacts, addresses, payments, documents sent to be imaged in account folders, and update of self-insured accounts/policies on the NCCI database.
• Performs other duties as assigned.

Please note: Both the 24-hour accounting requirement and knowledge of Statutory Accounting will be waived for this position.

Click The APPLY Link To Apply Online.

Minimum Qualifications

Training: Bachelors degree from a regionally accredited four-year college or university with at least 24 semester hours in accounting. Preference may be given to applicants with CPA certification, a Master of Public Accountancy or Master of Business Administration.

Experience: Two years of full-time or equivalent part-time paid professional experience related to accounting, auditing, economics, finance or statistics or one year of full-time or equivalent part-time paid experience as an Insurance Financial Specialist 1.

Substitution: Successful completion of graduate study from a regionally accredited college or university in business administration, finance, or accounting may be substituted for the required experience on a year-for-year basis.

A CPA certification may be substituted for the training and the required experience.

Other Information

Come join our team!

We believe our employees deserve the best to make sure they have a great work-life balance. The WV Offices of the Insurance Commissioner offers a great benefit package that includes:

• Holidays - Minimum of 12 paid holidays
• Leave Accrual - Ample Annual (starting at 4.61 hours a pay period) and Sick Leave (5.55 hours a pay period) Accrual
• Medical Insurance - Insurance through Public Employees Insurance Agency (PEIA) with several plan options and Flexible Benefits through Mountaineer Flex Benefits to cover additional needs
• Life Insurance - Free $10,000 Basic Life Insurance and additional life insurance offered at a low cost to you
• Retirement - Mandatory retirement where the employee contributes a portion of their annual salary and the employer also contributes, in addition to an optional 457 deferred compensation retirement plan

State employment offers a variety of benefits. Click HERE to visit the Division of Personnels Benefits Page.

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AFFIRMATION: I certify under penalty of law and disqualification that all statements are true and complete. I authorize the State of West Virginia and any agent acting on its behalf to conduct an inquiry into any job-related information contained in this application. I release the State of West Virginia and any agent acting on its behalf from any and all liability by reason of the request for such information. I further authorize and request each former employer, educational institution, or organization (including law enforcement agencies) to provide all information that may be sought in connection with this application. WE DO NOT ACCEPT THE FOLLOWING DOCUMENTATION: Unofficial transcripts High school diplomas or transcripts Birth certificates Social Security Cards Driver's Licenses Passports These documents will be removed from your profile if submitted.

• I consent to the above statement.

Required Question

Employer West Virginia

Address 1900 Kanawha Blvd. East

Building 3 Suite 500

Charleston, West Virginia, 25305

Phone (304) 558-3950

Website http://personnel.wv.gov