DWC Regulatory Auditor
Annual Salary Range: $45,654 – $59,700
Why you will love this position:
The Department of Labor is looking for an enthusiastic driven applicant with excellent communication skills to join our self-Insurance team! We support an inclusive and dynamic culture, which pursues continuous improvement through knowledge and collaboration.
What you will do:
- Evaluates self-insurance applications for compliance with statutory and regulatory requirements.
- Evaluates income statements and balance sheets.
- Evaluates corporate structures and types of corporate entities.
- Assesses company compliance with statutory and regulatory standards.
- Performs ratio analysis of company records emphasizing financial stability, solvency, loss reserves and liquidity.
- Communicates with companies on issues of non-compliance that may arise from proposed business transactions.
- Research, review, audit, and evaluate the program operations and activities of the third-party administrators, self-insured employers, and group trusts regarding workers’ compensation injuries, claims, loss runs, and reserves for compliance with agency and program standards and Best Practices.
- Evaluate the impact of the self-insureds concerning the overall claims administration services provided and identify critical information relating to document submissions to the Division and notify the self-insureds of compliance or noncompliance and corrective measures needed.
- Investigate complaints received by the Division in specific cases, review loss runs and documentation on bankrupt or liquidated companies, make sure all third-party contracts are up to date, review external sources as warranted by the situation, and write reports for disciplinary action to be taken the Division against a non-compliant employer.
- Evaluate the reliability of the insurance coverages, financials, accounting details, documentation supporting the reserves, medical determinations, payment of benefits to injured workers, and calculation of the average weekly wage.
All you need for success:
Qualifications
- 5 years of professional experience in accounting, finance or the insurance industry OR a Bachelor’s degree in finance, accounting, auditing, risk management, business administration or a closely related field and 1 year of professional experience in accounting, finance or the insurance industry.
Lack of post-secondary education will not be used as the sole basis denying consideration to any applicant.
Desired Attributes
- Five years of professional experience in accounting, finance or the insurance industry, which affords a knowledge of financial management and analysis.
- Ability to interpret and analyze financial, operational and related company information.
- Ability to develop comprehensive reports.
- Ability to communicate effectively and to prepare clear and concise reports.
- Considerable knowledge of financial management, accounting and auditing principles and procedures.
- Considerable knowledge of Missouri insurance, workers’ compensation and/or self-insurance statutes and regulations.
More reasons to love this position:
The State of Missouri offers an excellent benefits package that includes a defined pension plan, generous amounts of leave and holiday time, and eligibility for health insurance coverage. Your total compensation is more than the dollars you receive in your paycheck. To help demonstrate the value of working for the State of Missouri, we have created an interactive Total Compensation Calculator. This tool provides a comprehensive view of benefits and more that are offered to prospective employees. The Total Compensation Calculator and other applicant resources can be found here .
If you have questions about this position, please contact: B.J. Trippat Betty.Tripp@labor.mo.gov or 573-526-2775.
The State of Missouri is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.