TDI - Financial Regulation - Investment Analyst II

Please paste the following URL into a browser to view the entire job posting on the CAPPS Careers page.https://erphcmprd.cpa.texas.gov/psp/candidateportal/EMPLOYEE/HRMS/c/HRS\_HRAM\_FL.HRS\_CG\_SEARCH\_FL.GBL?Page=HRS\_APP\_JBPST\_FLandAction=UandFOCUS=ApplicantandSiteId=1andJobOpeningId=106831andPostingSeq=1Agency InformationDo you have a passion for public state service and enjoy making a difference? The Texas Department of Insurance (TDI) is hiring! We regulate the insurance industry, administer the Texas workers' compensation system, perform the duties of the State Fire Marshal's Office, and educate and protect consumers. Apply now if you're looking for a rewarding career in public service. The Texas Department of Insurance is in the Capitol Complex, in the Barbara Jordan Building at 1601 Congress Avenue in Austin, near the Texas Capitol. Benefits of working at TDI:Flexible work schedules.Work-life-balance.96 hours of accrued vacation a year.96 hours of accrued sick leave a year.20+ holidays every year.Career advancement opportunities.Free parking. 401(k) and 457 Programs. State of Texas retirement plan with a lifetime annuity through the Employee Retirement System of Texas (ERS).Free comprehensive medical insurance for full-time employees and 50% off premium costs for dependents. Optional benefits like dental, vision, life insurance, and many more.Qualified employer for the Federal Public Service Loan Forgiveness Program. Some benefits for part-time employees are earned proportionately to the hours worked. Before you apply:TDI does not sponsor or assume sponsorship of an employment visa.Learn about our selection process, our military employment preference, licensing, and credential requirements.Job DescriptionInvestment Analyst III/IV (Investment Analyst) Performs highly complex and/or advanced fundamental investment research and analysis work. Works under limited supervision, with considerable latitude for the use of initiative and independent judgment. Essential Job DutiesThis position:Perform investment analysis based on company asset reporting. Perform investment analysis, including drafting summary reports, of investments and investment strategies principles-based reserves, asset adequacy analysis, and other Valuation Manual requirements during targeted examinations of life and health companies. Review workpapers and reports prepared by others. Perform monitoring and document material developments for investments and investment strategies supporting principles-based reserves, asset adequacy analysis, and other Valuation Manual requirements between targeted examinations of life and health companies. Perform analysis of investments and investment strategies related to specific transactions and agreements as needed to determine appropriateness, compliance with requirements, and appropriate financial statement presentation. Participate in special projects as assigned such as developing or revising rules, legislation, actuarial guidelines, and Valuation Manual requirements. Participate in comprehensive financial examinations of life and health companies and other related entities and prepare summaries to support examination reports and workpapers. Provide feedback, coaching, guidance, and technical assistance to others as applicable. Performs other duties as assigned. Research and advise team members on examination best practices. Complete relevant continuing education, including meeting the minimum requirement to maintain any credentials. Perform other duties as assigned.Minimum QualificationsThis position requires: Investment Analyst III: Graduation from an accredited four-year college or university, preferably with a major in statistics, mathematics or actuarial science, insurance, or related field. A minimum of three (3) years of relevant investment or actuarial (with an investments focus) work experience. Investment Analyst IV:Graduation from an accredited four-year college or university, preferably with a major in statisti s, mathematics, finance, economics, actuarial science, or related field. A minimum of three and a half (3.5) years of relevant investment or actuarial (with an investment focus) work experience.Regular work attendance. Travel may be required for up to 25% of the time.If travel is 10% or more, you must maintain a state of Texas Drivers License. Must hold at least one of the following professional qualifications or associations: Associate of the Society of Actuaries (ASA or FSA), CPA, CFA, CIMA, or CAIA. Must be eligible for the bond-related provisions of Insurance Code Section 401.106 and take the oath required by Insurance Code Section 401.105.Additional job details: This position may be eligible for hybrid telecommuting. Employees must have a secure, dedicated workspace with Internet service, ability to maintain a reliable consistent work schedule, and be available for weekly meetings and group collaboration via Microsoft Teams and other applications during regular business hours. Monthly starting salary:Investment Analyst III= $9,641.80Investment Analyst IV = $11,484.37RESUME REQUIRED WITH SUBMISSION OF APPLICATIONPreferred QualificationsPreferences for this position include: Experience analyzing insurer asset portfolios in a regulatory, external audit, or internal audit role.Experience modeling complex assets.Knowledge/Skills/AbilitiesThis position requires demonstrated knowledge of:State laws, rules, procedures, and regulations relevant to job requirements.Relevant industry studies and data sources. Relevant NAIC actuarial and accounting committee/task force/working group processes for developing regulatory requirements. Regulatory requirements for life and health insurance. Accounting and auditing principles. This position requires demonstrated skill in:Problem solving and critical thinking.Using Microsoft Office software applications, including Word, Excel, Outlook, and SharePoint.Using personal computers sufficient to enter and extract