<p>Nature of Work</p> <p>Division: Workers' Compensation/Self-Insurance</p> <p>Office Location: 900 Pennsylvania Avenue, Charleston, WV 25302</p> <p>The Workers' Compensation Self-Insurance section was developed to administer the Self-Insurance Program and to assist current self-insured employers, employers desiring to apply for self-insurance status, and those individuals seeking program information.</p> <p>The ideal candidate will be responsible for performing the following duties:</p> <ul> <li>Regulate employers authorized to self-insure workers' compensation coverage in West Virginia. </li><li>Perform the Annual Reviews of active/inactive Self-Insured Employers (SIE) following Chapter 23 and guidelines of CSR 85-18, 85-19, 85-6, et al. </li><li>Review and analyze year end audited financial statements which have been prepared using Generally Accepted Accounting Principles (GAAP) to determine whether a Self-Insured Employer is in an acceptable financial condition within the previously mentioned statutory and regulatory requirements. </li><li>Analyze financial data with the assistance of a proprietary financial model. </li><li>Review annual and quarterly payroll submissions for active SIE's to determine compliance with statute and rules. </li><li>Review year end workers' compensation claim data and compare to prior year end data submissions to verify data integrity. </li><li>Will be responsible for communication with self-insured employers and representatives to ensure claim data is corrected when necessary and the revisions submitted timely. </li><li>Calculate self-insured liabilities, utilizing a proprietary actuarial model, to establish surety requirements. </li><li>Review monthly reports to verify compliance with claim data submission requirements related to maintaining the Claim Index as defined in CSR 85-2. </li><li>Analyze outstanding claim liabilities and current surety to ensure compliance with self-insured security requirements set forth in the statute and rules. </li><li>Monitor additional surety requirements and submissions to ensure a surety instrument is acceptable and submitted within the established timeframe(s). </li><li>Prepare and provide an Annual Review Summary for each assigned active self-insured employer. </li><li>Highlight financial and compliance concerns which might pose risk to the State and Taxpayers of West Virginia. </li><li>Process SIE regulatory surcharge invoices and payments and will issue quarterly certificates of renewal of self-insurance status. </li><li>Issue annual data call letters. </li><li>Maintain the WV Offices of the Insurance Commissioner's (OIC) systems to ensure SIE contact information is current. </li><li>Review and process documents provided with SIE business modifications (mergers, sales, acquisitions, bankruptcies, etc.) as they occur to make a recommendation regarding continuation of self-insured status. </li><li>Process applications for self-insured status according to statute and rules and discuss/resolve issues/concerns with the applicant. </li><li>Determine if an applicant is financially and administratively capable of maintaining self-insured status and provide a recommendation at the conclusion of the application process. </li><li>Perform other duties as assigned. </li></ul> <p>Click The APPLY Link To Apply Online.</p> <p>IMPORTANT:Your eligibility will be based on information provided in your resume or application; therefore, make sure your resume or application is detailed and complete. You MUST complete ALL parts of the application OR upload a resume to your submission.</p> <p>ATTENTION:Applicant must verify post high school education by submitting an official transcript or diploma, training or licensure earned pertaining to this position by the closing date of the posting, if not previously verified.If you are claiming Veterans preference, please submit "MEMBER 4" of your form DD214 and/or your VA Letter. Protecting your personal information is our highest priority. If your official transcript, training/licensure, or Veterans documentation contains your Social Security Number and/or birthdate, please redact that information before submitting it to the Division of Personnel. Please attach documents to the online application before submitting it. Or, you may email it to: applicantservices@wv.gov or by mail to: WV Division of Personnel, 1900 Kanawha Blvd. E., Building 3, Suite 500, Charleston, WV 25305.</p> <p>Be sure to submit your resume or application for each position of interest. To receive an email notice anytime jobs in this or other categories are posted, you may choose to complete aJob Interest Cardfrom the slide-out menu located at the top left of ourJob Opportunitiespage.</p> <p>Minimum Qualifications</p> <p>Training:Bachelor's degree from a regionally accredited four-year college or university with at least 24 semester hours in accounting. Preference may be given to applicants with CPA certification, a Master of Public Accountancy or Master of Business Administration.</p> <p>Experience:Two years of full-time or equivalent part-time paid professional experience related to accounting, auditing, economics, finance or statistics or one year of full-time or equivalent part-time paid experience as an Insurance Financial Specialist 1.</p> <p>Substitution:Successful completion of graduate study from a regionally accredited college or university in business administration, finance, or accounting may be substituted for the required experience on a year-for-year basis.</p> <p>A CPA certification may be substituted for the training and the required experience.</p> <p>Other Information</p> <p>An additional one (1) year of experience may substitute for the required accounting hours listed in the training.</p> <p>Come join our team!</p> <p>We believe our employees deserve the best to make sure they have a great work-life balance. The WV Offices of the Insurance Commissioner offers a great benefit package that includes:</p> <ul> <li>Holidays - Minimum of 12 paid holidays </li><li>Leave Accrual - Ample Annual (starting at 4.61 hours a pay period) and Sick Leave (5.55 hours a pay period) Accrual </li><li>Medical Insurance - Insurance through Public Employees Insurance Agency (PEIA) with several plan options and Flexible Benefits through Mountaineer Flex Benefits to cover additional needs </li><li>Life Insurance - Free $10,000 Basic Life Insurance and additional life insurance offered at a low cost to you </li><li>Retirement - Mandatory retirement where the employee contributes a portion of their annual salary and the employer also contributes, in addition to an optional 457 deferred compensation retirement plan </li></ul>