Property & Casualty Policy Analyst
Indianapolis, IN, US, 46052
Work for Indiana
Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana.
About the Indiana Department of Insurance (IDOI):
The purpose of the Indiana Department of Insurance is to protect Hoosiers as they purchase and use insurance products to keep their assets and their families from loss or harm. Consumers may need assistance with certain claim situations or just help in understanding how their policies work. Our other primary obligation is to monitor the financial solvency of the insurance companies domiciled in Indiana so that the legal promises made in insurance policies are honored. To these ends, our Department staff is committed to providing exceptional customer service for both our consumers and our companies, and to maintain a fair and objective viewpoint as we examine each issue and circumstance within our jurisdiction.
Role Overview:
As the Property & Casualty Policy Analyst, you will:
- Track submissions using the System for Electronic Rate and Form Filing
- Assign filings according to division policy
- Review property & casualty insurance filings received by the Indiana Department of Insurance
- Ensure that all submissions are reviewed or responded to within 30 days
- Communicate with insurance companies, rating organizations, and other industry-related persons regarding filings
- Answer telephone calls and emails as prescribed by the Indiana Department of Insurance
- Conduct research and provide feedback to senior staff on proposed changes, needed bulletins, possible legislation, and special projects
Salary Statement:
The salary for this position traditionally starts at $53,222.00 but may be commensurate with education or work experience.
A Day in the Life:
The essential functions of the job are as follows:
- Track submissions using SERFF (System for Electronic Rate and Form Filing).
- Assigning filings, on a rotating basis with other policy analysts.
- Ensure that all submissions are reviewed or responded to within 30 days.
- Communicate with insurance companies, rating organizations, and other industry-related persons regarding filings.
- Review all Insurance filings received by the agency.
- Maintain an up-to-date list of companies selling Insurance policies in Indiana.
- Conduct research and provide feedback to senior staff on proposed changes, needed bulletins, possible legislation, and special projects.
The job profile is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
This position is exempt from overtime compensation for additional work hours which may be required to complete essential functions or other assigned work. Exempt employees may work more than 75 hours in a pay period without additional compensation and must report a minimum of 75 hours per pay period of work hours and/or paid leave taken to receive their base biweekly salary.
What You'll Need for Success:
You must meet the following requirements to be considered for employment:
- Advanced knowledge to organize and plan work for yourself and instruct and coordinate other staff with limited supervision when necessary.
- Specialized knowledge to perform mathematical/statistical computations
- Advanced to function in different database platforms
- Specialized knowledge of the principles and practices of the insurance industry.
- Knowledge of insurance statues and codes.
- Ability to interpret and apply insurance laws, guidelines and regulations.
- Ability to communicate effectively.
- Able to perform essential functions with or without reasonable accommodation.
Supervisory Responsibilities/Direct Reports:
Benefits of Employment with the State of Indiana:
The State of Indiana offers a comprehensive benefit package for full-time employees which includes:
- Three (3) medical plan options (including RX coverage) as well as vision and dental plans
- Wellness Rewards Program: Complete wellness activities to earn gift card rewards
- Health savings account, which includes bi-weekly state contribution
- Deferred compensation 457(b) account (similar to 401(k) plan) with employer match
- Two (2) fully-funded pension plan options
- A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to:
- 150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers
- Up to 15 hours of paid community service leave
- Combined 180 hours of paid vacation, personal, and sick leave time off
- 12 paid holidays, 14 on election years
- Education Reimbursement Program
- Group life insurance
- Referral Bonus program
- Employee assistance program that allows for covered behavioral health visits
- Qualified employer for the Public Service Loan Forgiveness Program
- Free Parking for most positions
- Free LinkedIn Learning access
Equal Employment Opportunity:
The State of Indiana is an Equal Opportunity Employer and is committed to recruiting, selecting, developing, and promoting employees based on individual ability and job performance. Reasonable accommodations may be available to enable individuals with disabilities to complete the application and interview process as well as perform the essential functions of a role. If you require reasonable accommodations to complete this application, you can request assistance by contacting the Indiana State Personnel Department at jobs@spd.IN.gov.
Nearest Major Market: Indianapolis
