New Job Analyst Prudential Supervision In Alberta

Job Information

Job Requisition ID: 19894

Ministry: Treasury Board & Finance

Location: Edmonton

Full or Part-Time: Full Time

Hours of Work: 36.25 hours per week

Regular/Temporary: Regular

Scope: Open Competition

Closing Date: December 16, 2021

Classification: Subsidiary 02B 3625 Program Services 2

About Us

The Alberta Superintendent of Insurance is responsible for all insurance sector regulatory compliance activities performed by the offices of Financial Sector Regulation and Policy, a division of Alberta Treasury Board and Finance.

These activities include receiving, reviewing and approving required filings, performing examinations of institutions, regulatory oversight of insurers operating in Alberta, prudential supervision of provincially-incorporated insurance companies, interpreting legislation, and making recommendations to the President of Treasury Board and Minister of Finance with respect to insurance sector policy.

Role

Does an opportunity to impact the safety and soundness of Alberta’s insurance entities interest you? Are you looking to join the Alberta Public Service in a professional role, while gaining a unique insight into the Insurance Industry in Alberta? We are looking for a detail-oriented, computer saavy self-starter with strengths in analytics, accounting and/or insurance. Come grow your career with us!

Reporting to the Senior Manager, Prudential Supervision, Insurance Regulations and Market Conduct, you will be responsible for managing and conducting the regulatory and supervisory activities necessary to ensure the operational safety and soundness of the following regulated insurance entities:

• Alberta Incorporated Insurance Companies;
• Alberta Incorporated Reciprocal Insurance Exchanges formed in, or transferred to Alberta;
• Other Regulated Entities; and
• Licensed Special Brokers.
  

This Analyst position is responsible for fulfilling other Branch responsibilities including, but not limited to:

• Supporting with monitoring, analyzing, and providing recommendations on the capital management, investment, and other risk mitigation policies and procedures of insurance entities in relation to the nature, size, complexity, and risk profile of their operation;
• Reviewing documents to determine whether regulated entities are in compliance with legislation and regulations;
• Supporting research and development of a plan for the Superintendent of Insurance to act on in the event of insolvency;
• Preparing and reviewing quarterly reports on the financial results of provincial entities; and
• Responsible for systems testing related to the development and maintenance of the Insurance Regulatory Information System to automate processes and increase efficiency.

Qualifications

The position requires a degree in business, accounting, finance, computer or related field with associated work experience. Related work experience includes analytics, accounting, or the insurance industry.

The following would be considered an asset

• A designation in the following fields - accounting (CPA), insurance (CIP or FCIP);
• Experience in the insurance industry including property, casualty, and life insurance
• Advanced knowledge and skills in working with Microsoft Office products, including Excel.
  

Directly related education or experience may be considered on the basis of 1 year of education for 1 year of experience, or 1 year of experience for 1 year of education. For example a related Diploma combined with a minimum of two years of related experience will be considered.

A cover letter outlining how your experience relates to the qualifications listed above will help us to better understand your fit for this role.

APS Competencies

Competencies are behaviors that are essential to reach our goals in serving Albertans. We encourage you to have an in depth understanding of the competencies that are required for this opportunity and to be prepared to demonstrate them during the recruitment process.
This link will assist you with understanding competencies:

Drive for Results: forecasts potential challenges and negotiates major issues in advance. Addresses problems directly and aligns decisions with organizational values and outcomes. Removes barriers to collaboration and achievement of outcomes. Keeping organized in the shifting priorities


Creative Problem Solving: Breaks apart complex problems, involves the right people to address issues and adopts innovative approaches that achieve results; combine different approaches and perspectives; identify barriers to creativity and propose viable solutions; reframe situations to facilitate positive change in the face of resistance.

Building Collaborative Environments: Involves key stakeholders to identify problems and develop solutions; motivates others and aligns diverse perspectives to achieve shared result; builds effective linkages and alliances.

Salary

$2,281.95 to $ 2,993.39 bi-weekly ($59,558-$78,127 per year)

Notes

This is a permanent, full-time position working 36.25 hours per week, Monday to Friday.

Currently, due to COVID work restrictions, many employees are working from home. Employees working from home must be working from an Alberta location. Once working from home restrictions are lifted, this position will be located in the Terrace Building in downtown Edmonton.

Candidates with lesser qualifications may be considered at a lower classification and salary. This competition may be used to fill future roles at the same or lower classifications.

Final Candidates for this position will be asked to undergo a security screening.

Candidates may be asked to participate in a written assessment. The final candidate for this position will be asked to undergo pre-employment checks.

Due to the holiday season, interviews will not be scheduled until mid-January.

What we offer:

• Comprehensive benefits plan:
• Pension plan:
• Leadership and mentorship programs
• Professional learning and development
• Positive workplace culture and work-life balance

How To Apply

If you are not currently an employee with the Government of Alberta, the first step in applying for a job is creating your candidate profile within our online application system,

Existing employees should access the Career tile in 1GX to submit their application in order to be recognized as an internal applicant.

Once you have created your candidate profile, visit the Alberta Public Service job site to apply for jobs at

Applicants are advised to provide information that clearly and concisely demonstrates how their qualifications meet the advertised requirements, including education, experience and relevant examples of required competencies.

Resources for applicants:

It is recommended that applicants who have obtained educational credentials from outside of Canada and have not had them previously assessed, obtain an evaluation of their credentials from the International Qualifications Assessment Service (IQAS)

Closing Statement

This competition may be used to fill future vacancies, across the Government of Alberta, at the same or lower classification level.

We thank all applicants for their interest. All applications will be reviewed to determine which candidates' qualifications most closely match the advertised requirements. Only individuals selected for interviews will be contacted.

The Government of Alberta is implementing a proof of COVID 19 vaccination policy for all Alberta Public Service employees, to improve the health and safety of Alberta Public Service employees and Albertans we serve.
Any candidates in the process for applying for employment with the Government of Alberta, must be able to comply with one of the following:

• Proof of COVID 19 vaccination;
• If you are a successful candidate and have not provided proof of COVID 19 vaccination, you may select to produce a negative PCR (molecular polymerase chain reaction) or rapid test result, date-stamped within 72 hours of every scheduled work day/shift, on an ongoing basis starting on December 14, 2021. These tests will be paid for by the employee;
• Candidates and employees who are unable to get vaccinated based on a protected ground under the Alberta Human Rights Act may request approval for an exemption and accommodation.
  

If you require any further information on this job posting or a copy of the role profile, and/or require a disability related accommodation during the recruitment process, please contact Ashley Mondor at [email protected].

If this competition is closed as per the closing date noted above, please continue to check