INSURANCE ANALYST

Agency : Department of Insurance 
Closing Date/Time: 06/12/2024 
Salary:  $4,412 - $5,991(Anticipated starting salary effective 7/1/24, non-state $4,412/CBA language applies)
Job Type: Salaried /Full Time
County:  Sangamon
Number of Vacancies: 2
Plan/BU:  RC014

This position is a union position; therefore, provisions of the relevant collective bargaining agreement/labor contract apply to the filling of this position.

All applicants who want to be considered for this position MUST apply electronically through the illinois.jobs2web.com website. State of Illinois employees should click the link near the top left to apply through the SuccessFactors employee career portal.

Applications submitted via email or any paper manner (mail, fax, hand delivery) will not be considered.

Posting Identification Number 38249  

*Answer all application questions thoroughly. DO NOT STATE "SEE RESUME".*

Position Overview

The Illinois Department of Insurance is seeking to hire an Insurance Analyst in the Education & Testing Unit of Licensing/Education and Testing Section of the Enforcement/Investigations Division. The position performs routine duties in the Pre-licensing Education and Continuing Education Program and the Illinois Insurance Licensing Program which includes premium finance companies, third party administrators, third party prescription administrators, public adjusters, employee leasing companies, car rental limited line companies, self- service storage facility limited line companies, portable electronic limited line companies and viatical settlement brokers; confers with and advises licensees, applicants, providers, provider applicants, insurers and other pertinent parties regarding their rights, duties and obligations in reference to the Insurance Code, Administrative Code and Department position; notifies producers and providers when a fee has been returned unpaid; processes education data into the education database. We invite all qualified applicants to apply.

Essential Functions

1. Conducts routine review of Exhibit A (Request for Certification of Pre-licensing Course) and Exhibit B (Request for Certification of Continuing Education Course) forms, course outlines, course books and various supporting information submitted by entities seeking certification for licensing and/or continuing education courses for compliance with Rule 3119 and Article XXXI of the Illinois Insurance Code:
•Verifies that course content and fee payment requirements are met and recommends for acceptance or rejection of requested courses and/or course providers seeking certification based upon established Departmental guidelines,
•Confers with providers if additional or corrective information is needed.
2. Reviews and analyzes routine licensing and education records of individuals which are identified by processing staff as having potential problems, irregularities, or omissions:
•Refers questionable records to supervisor for review and determination of appropriate action.
3. Receives provider and course renewal applications and reviews for compliance with Departmental requirements and payment of necessary fees:
•Updates computerized records and produces printed copies of renewal.
4. Responds to routine requests from providers, potential providers and other interested parties for information related to education requirements:
•Prepares mass mailings notifying education providers of changes to laws, rules, and requirements.
5. Creates and maintains a computerized record of such licensees who have paid a fee which was returned to the Department as unpaid or have failed to pay required fees in a timely fashion:
•Follows-up through telephone conversations and correspondence on the collection of the fee through notification to the licensee or provider and, if necessary, refers repeat offenders to the Regulatory Section.
6. Assists supervisor in reviewing applications and responding to inquiries concerning the licensing of public adjusters, premium finance companies, third party administrators, third party prescription administrators, employee leasing companies car rental limited line companies, self- service storage facility limited line companies, portable electronic limited line companies and viatical settlement brokers:
•Reviews and corrects special edit lists created by information system which allows the database to be updated and accurate,
•Inputs data into the Department’s database system to identify the applicant, their educational background, certifications of licensure in another jurisdiction, work experience, internships, examination scores and a variety of other data to verify compliance with licensure statutes, administrative rules, policies, and procedures.
7. Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.

 

Minimum Qualifications

1. Requires knowledge, skill, and mental development equivalent to completion of four (4) years of high school.
2. Requires satisfactory completion of Insurance Analyst Trainee training program or one (1) year of experience in the insurance industry.

Preferred Qualifications

1. Prefers at least one (1) year of experience gaining knowledge of the Illinois Insurance Code. 
2. Prefers at least one (1) year of experience with department rules, regulations, and bulletins as related to a particular insurance program. 
3. Prefers at least one (1) year of experience with office methods and procedures.
4. Prefers at least one (1) year of experience with reading, assimilating, and applying rules, regulations, and procedures in situations with given facts.
5. Prefers at least one (1) year of experience using arithmetic ability.
6. Prefers at least one (1) year of experience writing correspondence/reports with grammatical correctness.
7. Prefers at least one (1) year of experience soliciting information/data from individuals as required in producing conclusions. 

Employment Conditions

1. Requires the ability to pass a background check. 

 

About the Agency

The Department of Insurance (DOI) regulates the insurance market in the State of Illinois including, but not limited to, licensing and educating insurance agents, investigating Workers Compensation fraud, and examining the operations and finances of insurance companies domiciled in the state. We are committed to protecting consumers and regulating the insurance industry with innovation and efficiency. DOI has approximately 220 employees who are split between our Chicago and Springfield offices.

State of Illinois employees enjoy a robust benefit package, including:

• Health, Life, Vision, and Dental Insurance
• 13 Paid Holidays annually, 14 on even numbered years
• 10-25 days of Paid Vacation time annually - (10 days in year one of employment)
• 12 Paid Sick Days annually (sick days carry over from year to year)
• 10 Weeks Paid Maternity/Paternity Leave
• 3 Paid Personal Days annually
• Pension Plan
• Deferred Compensation Program and other pre-tax benefit programs (Medical/Daycare)
• Flexible work schedules may be available, dependent upon position
• Tuition Reimbursement Program and Federal Public Service Loan Forgiveness Program eligibility

Visit for more information about our benefits.

Work Hours: M-F; 8:30-5:00
Work Location: 320 W Washington St, Springfield, Illinois, 62767
Agency Contact:  

Email:

Posting Group:  Legal, Audit & Compliance

This position DOES NOT contain “Specialized Skills” (as that term is used in CBAs).

APPLICATION INSTRUCTIONS

Use the “Apply” button at the top right or bottom right of this posting to begin the application process.

If you are not already signed in, you will be prompted to do so. 

State employees should sign in to the career portal for State of Illinois employees – a link is available at the top left of the  Illinois.jobs2web.com homepage in the blue ribbon. 

Non-State employees should log in on the using the “View Profile” link in the top right of the  Illinois.jobs2web.com homepage in the blue ribbon. If you have never before signed in, you will be prompted to create an account.

If you have questions about how to apply, please see the following resources:

State employees: Log in to the career portal for State employees and review the Internal Candidate Application Job Aid

Non-State employees: on Illinois.jobs2web.com – click “Application Procedures” in the footer of every page of the website.

The main form of communication will be through email. Please check your “junk mail”, “spam”, or “other” folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses: