Experienced Insurance Analyst

Experienced Insurance Analyst

TURKS AND CAICOS ISLANDS FINANCIAL SERVICES COMMISSION

Experienced Insurance Analyst

The Financial Services Commission, a statutory body of the Turks and Caicos Islands Government responsible for the licensing and regulation of financial services businesses, is seeking an Experienced Insurance Analyst:

DUTIES & RESPONSIBILITIES

The Analyst is responsible for assisting with the planning and conducting of off-site and on-site reviews of insurance entities, including reviewing the financial and operational systems of insurance businesses, to determine the entities’ financial status and level of compliance with their own internal policies and standards and relevant local and international standards, ordinances and regulations.

Specific duties include:

• Assist in developing annual plans for onsite inspections/reviews of insurance entities
• Prepare annual risk assessment of assigned insurance entities to guide regulatory actions for the coming year
• Perform off-site and onsite reviews of insurance organizations
• Carry out rigorous analysis of financial statements, business plans etc.
• Monitor and report on trends in the financial performance of insurance entities
• Assist in evaluating and processing applications for insurance licenses
• Collect, collate and analyze statistical information relating to the insurance industry and licensees
• Investigate, as directed, complaints by the public or queries in respect of the policies, practices and procedures of insurance entities
• Any other duties as set out in the Job Descriptions for Insurance Officer/Analyst or as assigned by Senior Insurance Analyst, the Head of Insurance or the Managing Director.

EDUCATION & EXPERIENCE

1. Preferred qualification is a Degree in Accounting and professional accounting certification such as CA, CPA, ACCA plus

2. Four (4) to Six (6) years related working experience in the insurance industry or insurance regulation.

SPECIFIC KNOWLEDGE REQUIRED:

• Sound knowledge of accounting principles;
• Sound knowledge of financial and statistical analyses;
• Sound knowledge of the operations of insurance entities and the insurance industry;
• Good knowledge of local and international insurance regulations and standards, and generally of insurance law.

COMPENSATION RANGE

This position falls within Grade 6 of the Commission’s pay scale. Actual salary payable will be determined by reference to the degree of qualification, experience, knowledge base and other criteria that the Commission may assess.

OTHER INFORMATION APPLICABLE TO THE POSTS

The duties for the posts may be carried out at either of the Commission’s offices in Grand Turk or Providenciales.

Applications should be received no later than August 8, 2014 and may be emailed via link below.