DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS

100 North 15th Avenue

Phoenix, Arizona 85007

Annual Salary Range: $55,000 - $60,500

Grade: 20

This position will remain open until filled  

Arizona Life and Disability Insurance Guaranty Fund and the Arizona Property and Casualty Insurance Guaranty Fund (collectively "the Guaranty Funds") are established in Arizona law to provide protection to insurance policyholders of an insurance company that becomes financially insolvent by stepping in the shoes of insolvent insurers and paying their policyholder claims up to statute-prescribed limitations.

Each Fund is administered by a board established within the Department of Insurance. The Funds have complex fiscal and business-management functions imposed by law.

This position ensures adequate separation of responsibilities required for sound internal accounting and operating controls, and to allow the assistant director to coordinate multi-state guaranty fund activities.

The incumbent is expected to maintain strong confidentiality with the financial conditions of Insurance companies conducting business in Arizona.

• Monitor bank account balances and activity, and prepare recommendations to the Executive Director; execute executive-director-authorized cash management transactions; review, monitor and control expenditures and revenues to assure that disbursements do not exceed funds available and that receipts are accounted for in accordance with applicable laws and policies; approve guaranty fund expenditures to be executed by the assistant director and the Board; maintain accounting transaction files

• Provide monthly and year-end reports for the assistant director, the Boards and others, detailing investment and cash balances, earnings, encumbrances, payables, projected expenditures, and receivables; prepare monthly working trial balances and financial statements

• Compile unusually complex and difficult historic, economic and hypothetical data on which administrative and financial decisions are based, including but not limited to decisions concerning the necessity and extent of assessments; calculate, maintain, update and submit receivership reports in support of the guaranty funds' claim in receivership estates

• Coordinate with Guaranty Fund claims manager(s) to ensure prompt and appropriate payment of claims and claims related expenses; review invoices, insurance claims and travel reimbursement requests for appropriateness, completeness and documented support; obtain taxpayer identification documentation from vendors and creditors

• Complete ad hoc reports and respond to requests for information from auditors, the Department of Revenue, the State General Accounting Office, the Auditor General's Office, the National Conference of Insurance Guaranty Funds, the National Organization of Health and Life Guaranty Association, and assessed insurers; work directly with other division managers to enhance accounting and operational controls and performance; compose diplomatic correspondence involving sensitive information

• Prepare Guaranty Fund assessment invoices and associated reports, including daily cash receipt reports, summary reports, and receivable again reports

• Research state accounting laws and policies, accounting and internal control principles and other relevant information in conjunction with laws governing the Guaranty Funds; provide consultation and make policy recommendations to the assistant director; evaluate, establish, coordinate, analyze and revise, as necessary, accounting, and fiscal systems and controls (providing for the maintenance of separate accounts as required by statute, procedures, forms and formats

• Train and assist other office staff in accounting related functions

• Other duties as assigned as related to the position

Knowledge:

• Knowledge of the Guaranty Funds' Plans of Operation and other policies and procedures adopted by the Funds

• Knowledge of the methods and techniques of data processing as it relates to accounting and financial practices

• Knowledge of Federal and State tax and other laws sufficient to facilitate compliance therewith by the Funds

• Knowledge of rules of grammar and of acceptable formats for business and diplomatic correspondence

• Knowledge of the principles, concepts, practices, methods and techniques of government accounting

• Knowledge of automated systems related to financial transactions and record keeping

• Knowledge of the rules and regulations established for the work systems and agency

• Knowledge of Generally Accepted Accounting Principles

• Knowledge of banking principles and relationships

• Knowledge of mathematic (including algebra)

• Strong knowledge of accounting concepts

Skills:

• Planning, organizing, directing, interpreting analyzing and compiling complex accounting, auditing and financial data including but not limited to sound budgetary control

• Use of effective and diplomatic verbal and written communication, and establish and maintain effective interpersonal relationships

• Implementing and utilizing automated and manual office systems and in developing and maintaining documented systems

• Organizing, prioritizing and completing work within established time constraints

• Writing and implementing detailed policies, guidelines and procedures

• Occasionally providing training, instruction and supervision

• Use of computer equipment, software and peripherals

• Strategic planning

Abilities:

• Apply sound judgment decisions

• Ability to work independently

• Operate office equipment

• Post-secondary degree in accounting, business, finance or other area of study requiring education in accounting

• Experience as an accountant or bookkeeper

• Ability to maintain a clean driving record; Ability to pass a background check performed by Arizona Department of Public Safety

• Ability to possess and maintain a valid Arizona Driver's License and operate a motor vehicle

If this position requires driving or the use of a vehicle as an essential function of the job to conduct State business, then the following requirements apply: Driver’s License Requirements.

The State of Arizona offers a comprehensive benefits package to include:

• Optional employee benefits include short-term disability insurance, deferred compensation plans, and supplemental life insurance

• Life insurance and long-term disability insurance

• Vacation plus 10 paid holidays per year

• Health and dental insurance

• Retirement plan

• Sick leave

Learn more about the Paid Parental Leave pilot program here. For a complete list of benefits provided by The State of Arizona, please visit our benefits page

• Positions in this classification participate in the Arizona State Retirement System (ASRS)

• Note that enrollment eligibility will become effective after 27 weeks of employment

• If you have any questions please feel free to contact Shawn McConnell at shawn.mcconnell@azdoa.gov