Rate Analyst monitors, reviews, and evaluates service rates and charges for various public utilities. Calculates cost-of-service and performs related rate analysis. Being a Rate Analyst ensures filings comply with the Federal Energy Regulatory Commission requirements. Typically requires a bachelor's degree of business administration or related field. Additionally, Rate Analyst typically reports to a manager or head of a unit/department. The Rate Analyst gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Rate Analyst typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)
The Market Regulation work unit exists to ensure that regulated entities operating in the Colorado insurance market comply with state insurance laws. This work unit regulates the activities of the insurance industry by ensuring that companies’ activities comply with statutory and regulatory mandates, ensuring that insurers and producers abstain from deceptive or misleading practices, and by providing reliable market conduct and market analysis information to the Division of Insurance (Division), consumers, legislators, regulators, and the insurance industry. This work unit analyzes the insurance market and assesses how it is functioning; it identifies and analyzes complex legal and regulatory issues, applies insurance laws, and develops strategies for addressing each regulatory issue that it identified. This work unit performs audits and examinations to address instances of non-compliance and coordinates regulatory actions with other state regulators and the National Association of Insurance Commissioners (“NAIC”) as necessary.
Position: SFA 4168
This position exists to support the Market Regulation work unit by performing analysis of insurance market data to identify potential problem companies for regulatory action and by performing audits and examinations when issues are identified. This position obtains, manipulates, and analyzes data from the NAIC’s State Interface Technology Enhancement (“I-SITE”) system and from other sources, including the Division’s internal databases, to identify and address areas of non-compliance in the insurance marketplace. The position actively monitors the Division’s database of substantive consumer complaints and manages the regulatory actions triggered by these complaints. The position conducts desk audits, manages company self-audits, conducts meetings with insurer compliance personnel, and participates in market conduct examinations as needed. Other responsibilities of this position include serving as the backup Lead Analyst, participating in several NAIC working groups, maintaining currency with internal market analysis procedures, and educating/training internal staff and regulators on market analysis procedures, tools, and databases. This position interprets and applies the Colorado insurance laws and the guidelines set forth within the NAIC’s Market Regulation Handbook.
Duties include, but are not limited to:
MINIMUM QUALIFICATIONS (MQs):