Job Posting Title

Financial Analyst I

Agency

635 COMM. ON CONSUMER CREDIT

Supervisory Organization

Examinations & Licensing

Job Posting End Date (Continuous if Blank)

September 20, 2024

Note: Applications will be accepted until 11:59 PM on the day prior to the posting end date above.

Estimated Appointment End Date (Continuous if Blank)

Full/Part-Time

Full time

Job Type

Regular

Compensation

Pay Band: I

Job Description

Basic Purpose

Positions in this job family are assigned responsibilities to assess the financial condition of a business or entity.  This involves performing risk-focused analysis, reviews, and statutory compliance functions related to assigned companies and other entities regulated by an Agency of the State of Oklahoma.  Positions require interaction, coordination, and communication at all levels within the agency, entity under review, regulators, and other appropriate parties. 

Typical Functions

• Prepares and submits to mortgage licensees their renewal fee invoices based on their quarterly filings

  • Assists in preparation of the Department’s annual budget

  • Prepares the annual dollar change, loan rate, and refund charts

  • Reviews quarterly and annual filings by regulated entities for accuracy, timeliness and completeness, and attends hearings as necessary

  • Responds to oral and written communications from the general public

  • Responsible for maintaining knowledge and understanding of the changes in the economy and regulatory landscape, including current and historical changes

  • Works on special projects as assigned

  • Conducts Risk-Focused Analysis of assigned companies to assess and monitor financial

  condition, prospective solvency, and statutory compliance

  • Meets with various representatives of assigned companies to discuss financial condition, statutory compliance, and/or other issues as required

  • Collaborates with the examination team to communicate key risks and areas of concern

  • Collaborates with agency management, senior officials of companies, regulators, and examiners to monitor financial condition and other issues of regulated entities.

  • Reviews, identifies, or recommends resolutions and submits to appropriate staff.

Level Descriptor

This is the career level of the job family, where incumbents are responsible for performing a full range of professional activities. This includes proactively identifying companies showing signs of financial trouble and to intervene with corrective action to protect customers, clients, claimants, and creditors from financial loss.  Employees at this level accurately communicate all aspects of an analysis, including steps in a corrective action plan, in a clear and concise manner to multiple parties, and entities at all levels.  Assignments are prescribed, but the methods are not typically reviewed, nor controlled while the work is in progress.

Knowledge, Skills, Abilities and Competencies

·     Knowledge is required of applicable state statutes; of statutory accounting principles as well as generally accepted accounting principles; business and technical writing; conducting research, interpersonal skills, and team dynamics.

·       Skills required include good communication, both written and oral; applying statutory accounting and financial reporting; application of general business. accurately interpreting laws and regulations;  and appropriate analysis.

·       Abilities required include proficiency in the Office 365 environment across a multitude of applications such as Word, Excel, Outlook, SharePoint, Teams; being detail oriented; applying analytical and critical thinking.

Education and Experience

Education and Experience requirements at this level consist of a bachelor’s degree in Finance.

Special Requirements

Equal Opportunity Employment

The State of Oklahoma is an equal opportunity employer and does not discriminate on the basis of genetic information, race, religion, color, sex, age, national origin, or disability.

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