Washington State Chief Market Analyst - WMS Band 2 [OIC9313] in Tumwater, Washington
AGENCY PROFILE AND VALUES
The Office of the Insurance Commissioner (OIC) operates under the direction of the state's Insurance Commissioner, a statewide elected official. The agency's mission is to provide consumer protection and regulation of the state's insurance industry. With a workforce of approximately 240 employees, we are one of the smaller state agencies in Washington state government and are fortunate to have a stable funding source that does not rely on the state's general fund.
The OIC values its employees and diversity in the workplace. We challenge our employees to continuously improve the way we do business, and to meet and exceed the needs of our customers. To learn more about this agency, we invite you to visit our website.
OIC CAREER OPPORTUNITY
The Office of the Insurance Commissioner (OIC) is seeking candidates with strong knowledge of the insurance industry for the position of Chief Market Analyst (WMS Band 2) within the Company Supervision Division. This position is responsible for monitoring and analyzing insurer activities based on data available through the OIC and NAIC (National Association of Insurance Commissioners) databases. These efforts protect policyholders, third party claimants, and the public from harm. Occasional travel is required for training and meetings as needed.
This recruitment may be used to establish a qualified pool of candidates for agency-wide vacancies in the next six months.
If you're interested in a career that protects consumer's interests and promotes a healthy business environment in this state, please apply and become part of our dynamic team.
WHERE ARE WE LOCATED?
Our OIC office is located in the City of Tumwater and is just south of our State Capitol in Olympia. The OIC Tumwater office is walking distance from a variety of restaurants, coffee shops, bus lines, and is within close access to Interstate 5, shopping centers, and health facilities.
BENEFITS OF WORKING FOR OIC
As an eligible state employee, Washington State offers an outstanding benefits package including: health, dental, life and long-term disability insurance; vacation, sick, military and civil leave; dependent care assistance program; employee assistance program; deferred compensation plans; 11 paid holidays plus a personal holiday; tuition reimbursement; commute trip reduction; training; and state retirement plans. We also offer free parking at our main office in Tumwater, a secure working facility, and are fortunate to have a stable funding source that does not rely on the state's general fund.
In this position you will lead a team of three Market Analysts with the goal to identify improper or illegal insurance activities which initiates market conduct audits, investigations, and examinations. The Chief Market Analyst interprets applicable laws, regulations, and standards to ensure analyses are appropriately conducted.
Some of what you'll enjoy doing
- Lead the Market Analysis Unit in reviewing over one thousand insurers annually
- Oversee all market analysis activities to provide guidance and direction on market issues to your team
- Approve staff analysis before the data is released into the NAIC database
- Collaborate with other state's insurance departments regarding market analysis issues of companies doing business in the state
- Participate in national market analysis work groups and initiatives through the NAIC and other organizations, representing Washington State and the Commissioner
- Conduct data surveys and make recommendations for further action based on the results Qualifications
- Bachelor's degree in a related field such as business administration, public administration, or insurance (experience may be substituted on a year for year basis)
- Five years of working knowledge of the insurance industry in an operational area such as underwriting, claims, internal audit, or customer service
- Three years of supervisory experience working with varied levels of employees including training new employees
Intermediate level for Microsoft Word, Excel, PowerPoint, Access and Outlook Preferred
Related industry designations such as AIE, CIE, FLMI, CLU, CPCU, MCM, AIRC
- Intermediate level knowledge of ACL and TeamMate software
- Three years regulatory experience in a similar position Position Specific Competencies
Adaptability/Flexibility: The Chief Market Analyst works fairly independently to accomplish the goals of the unit. It is imperative that you be flexible and adaptable to changing priorities and workloads.
Analysis: Analyzing company behavior in the marketplace is the basis for this position. To do this, you must understand the information being reviewed, how that information affects a company's activities in the marketplace, and what that means for consumers.
Coaching and Mentoring: As the manager of three employees, you will serve as the go-to person for their unit and is the main source of on-the-job training for the unit. This includes identifying growth opportunities for employees.
Agency Core Competencies
Respect, recognition and inclusiveness: Engages in constructive working relationships characterized by a high level of acceptance, cooperation, and mutual respect; helps create a work environment that embraces and appreciates diversity; and, recognizes contributions of others within the organization (to include subordinates and peers) --- all of which will enhance the attainment of organizational goals.
Accountability: Demonstrates understanding of the link between job responsibilities and organizational goals. Accepts personal responsibility and accountability for the quality and timeliness of own work, and adhering to agency processes/policies. Manages his or her own performance to meet expectations and achieve expected results.
Communication and Collaboration: Actively listens and engages in open, respectful, and cooperative manner. Conveys messages that are effective in communicating information and ideas with others.
Customer Focus: Builds and maintains internal and external customer satisfaction with services offered by the organization, both regulatory and consumer based. Demonstrates sensitivity to public's perceptions and attitudes.
Professionalism and Integrity: Through consistent honesty, forthrightness, and professionalism in all interactions, earns the trust, respect and confidence of co-workers and customers.
Attendance: Regular, punctual, and reliable attendance necessary to perform duties of a full-time position, including consistency in supervision and direction of subordinate staff.
Leadership: Inspires, motivates, and brings out the best in others. Guides team members toward a shared vision and accomplishment of goals. Displays balanced thinking that combines analysis, wisdom, experience and perspective.
Strategic Management: Seeing the long-range picture, aligns the direction, resources, products, services and performance of the division/program with the OIC Strategic Plan. When appropriate, embraces changing business needs and adapts approach, goals, and methods to achieve success.
Human Resource Management: Effectively manages human resources in a consistent and equitable manner.
Initial screening of applications will begin 7 days after initial posting. We encourage all applicants to apply early. The hiring authority reserves the right to make a hiring decision and close this recruitment posting at any time after the initial screening date.
Compensation: Salary will vary depending on qualifications (Up to $75,660 annually).
HOW TO APPLY:
To begin the online application process, click the "Apply" button at the top of this announcement and follow the online application instructions. To be considered for this opportunity, you must attach the following documents to your online application:
- A current resume;
- A detailed letter of interest describing your skills and experience as they relate to the qualifications outlined in this job announcement; and,
- A list of at least three professional references, including contact information for all supervisors for the last five year period.
Incomplete application packages may disqualify an applicant from the selection process.
Degree/Credential Verification: If a degree is listed by the candidate, proof of degree will be required at the finalist stage; therefore, candidates are encouraged to**pre-plan for this.
We encourage veterans to apply. To allow us to grant you veterans' preferences, applicants must do the following:
Email DD214 (Member 4 copy), NGB 22, signed verification of service letter from USDVA or other service documents that we can use to verify your eligibility to Recruitment@oic.wa.gov. Please blackout any personally identifiable data such as social security numbers. Please include "Chief Market Analyst"in the subject line of the email, and include your name in the message as it appears on the application you submitted through the www.careers.wa.gov system. To protect your private information, please do not attach your service documents to application.
Note: The act of submitting application materials is considered affirmation that the information provided is complete and truthful. When submitted electronically, you are confirming that all information is true and complete.
In accordance with RCW 48.02.090(5), Office of Insurance Commissioner employees are prohibited from having any interest, directly or indirectly, in an insurance company other than as a policy holder. This prohibition includes the receipt of renewal commissions.
The Washington State Office of the Insurance Commissioner is an equal opportunity employer with a commitment to supporting diversity in the workplace. Women, racial and ethnic minorities, persons over 40 years of age, and disabled and honorably discharged veterans are strongly encouraged to apply.
Persons with a disability, who need assistance in the application or testing process, or those needing this announcement in an alternative format, may call Joe Vidales at (360) 725-7012. Applicants who are deaf or hard of hearing may call through the Washington Relay Service at 7-1-1.
Job Type: Full Time - Permanent
Job Number: 2016-09313
Department: Office of the Insurance Commissioner
Agency: State of Washington
Address: View Job Posting for Agency Information View Job Posting for Location, Washington, 98504.
Salary: Depends on Qualifications
Location: Thurston County – Tumwater, WA