002RM1 - Insurance Fin Regulator 1
Date Posted: May 12, 2026
Requisition ID: 477380
Location:
Indianapolis, IN, US, 46204
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.
Salary Statement:
The salary for this position traditionally starts at $59,800.00 but may be commensurate with education or work experience.
A Day in the Life:
The essential functions of this role are as follows:
Determines significant solvency risks of the insurer through analysis and makes recommendations for regulatory action when appropriate.
Examines corporate records, policies, procedures, and treatment of policyholders to determine the effectiveness of company management and compliance with the insurance code and regulations.
Analyzes reinsurance treaties for their propriety of soundness in the spreading of risks.
Analyzes investment transactions for the legality, valuation, and proper classification and reporting of income received and accrued.
Analyzes, summarizes, and reviews data; reports findings, interprets results, and makes recommendations.
Writes or drafts correspondence, reports, documents, and/or other written material.
Ensures compliance with applicable federal and/or state laws, regulations, and/or agency rules, standards, guidelines, etc.
Gathers documentation to support negotiated resolution of non-compliance issues.
Conducts financial analysis and performs secondary reviews of analysis conducted by others, weighs the significant solvency risks of the insurer, and makes recommendations for regulatory action when appropriate.
The job description 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.
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:
Individuals in this role should minimally be able to articulate or demonstrate the following:
Thorough knowledge of, and ability to apply, general accounting principles.
Thorough knowledge of insurance accounting and applicable laws.
Extensive knowledge of, and ability to apply, financial analysis practices and procedures as used in insurance analysis.
Broad knowledge of the organization and practices of various @types of insurance companies.
Broad knowledge of, and ability to apply, provisions of the law governing insurance companies, related legal opinions and court decisions, departmental policies, rules and regulations, and insurance industry standards as established by the National Association of Insurance Commissioners (NAIC).
Considerable knowledge of new insurance practices, trends, developments, and techniques.
Working knowledge of business law.
Ability to organize and plan work for oneself and others.
Ability to gather and analyze data and reach sound conclusions.
Ability to prepare clear, complete, and concise reports.
Effectively communicate, both orally and in writing.
A degree is not required. However, at least 4+ years of experience applying the outlined knowledge, skills, and abilities in a similar role may be considered.
Individuals should have the ability to perform essential functions with or without reasonable accommodation.
Supervisory Responsibilities/Direct Reports:
This role may be utilized in a supervisory capacity based on agency needs.
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.
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