Self-Insurance Auditor
: Job Details :

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1/3/2025 (7:00 PM EST)

24-07476

Self-Insurance Auditor

Pay Grade 15

Salary

$3,845.56 - $5,768.44 Monthly

Employment Type

EXECUTIVE BRANCH | FULL TIME | ELIGIBLE FOR OVERTIME PAY | 18A | 37.5 HR/WK

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Hiring Agency

Education & Labor Cabinet | Department of Workers' Claims

Location

500 Mero Street, 3rd Floor

Frankfort ,KY 40601 USA

Description

The Education and Labor Cabinet's mission is to educate, prepare and train Kentucky's current and future workforces. Our goal is to create and make continuous improvements to an education and workforce system that prepares Kentuckians for the 21st century workforce, while helping businesses find the skilled workers they need to compete and create jobs in the Commonwealth.

The Education and Labor Cabinet is seeking to fill a Self-Insurance Auditor position located within the Department of Workers' Claims, Division of Security & Compliance.

The preferred candidate for this position will demonstrate the ability to communicate clearly and concisely, and work cooperatively with a team.

The preferred candidate should have a working knowledge of Microsoft Office products and a history of working with databases and reports.

Responsibilities include, but are not limited to, the following:

* Calculate security requirements for current, former, and new self-insured employers to ensure compliance with KRS 342 & 803 KAR 25:021. Verify indemnity and medical reserve estimates in accordance with DWC policies and procedures. Provide support to DWC contract-based actuary regarding the utilization of DWC proprietary actuarial model and aid in model updates as needed.

* Perform indemnity and medical reserve reviews of current and former self-insured employers. Analyze claims systems and practices of Self-Insured employers and Third-Party Administrators (TPA's).

* Assist self-insured employers in establishing the simulated premium amount to ensure compliance with KRS 342.0011. Verify payroll and loss report information adheres with DWC policies and procedures. Revise simulated premium amounts when required. Maintain communication and provide support to Kentucky Workers' Compensation Funding Commission (KWCFC) as needed.

* Evaluate the financial condition of self-insured employers to determine approval for certification pursuant to KRS 342.347 and other applicable statutes and regulations. Analyze the financial condition of former self-insured employers to ensure they meet Departmental standards as required.

This position will have access to confidential and sensitive information. The successful candidate will be required to ensure the safeguarding and security of all confidential and sensitive information and will be required to complete trainings, sign acknowledgements, follow all policies and adhere to all statutes and requirements pertaining to the safeguarding and security of confidential and sensitive information while employed and after employment ends.

The Education and Labor Cabinet (ELC) participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the United States. ELC will only use E-Verify once you have accepted a job offer and completed the Form I-9.

For more information on E-Verify, or if you believe that ELC has violated its E-Verify responsibilities, please contact the Department of Homeland Security (DHS) at 999-###-#### or

Minimum Requirements

EDUCATION: Graduate of a college or university with a bachelor's degree (which includes twenty semester hours or thirty quarter hours in pure accounting courses).

EXPERIENCE, TRAINING, OR SKILLS: Three years of experience in financial management, auditing, management accounting, or financial analysis.

Substitute EDUCATION for EXPERIENCE: NONE

Substitute EXPERIENCE for EDUCATION: Experience in insurance auditing in an insurance regulatory agency, the insurance industry, or in a CPA firm will substitute for the education on a year-for-year basis. Certification as a Certified Public Accountant (CPA) will substitute for the required education.

SPECIAL REQUIREMENTS (AGE, LICENSURE, REGULATION, ETC.): NONE

Working Conditions

Incumbents working in this job title perform duties in an office setting. Occasional travel may be required.

Probationary Period

This job has an initial and promotional probationary period of 6 months, except as provided in KRS 18A.111.

If you have questions about this advertisement, please contact Diana Onodu at ...@ky.gov.

An Equal Opportunity Employer M/F/D