Financial Examiner

Financial Examiner

Location: Albany, NY

Contract Duration: 24 months

Work Hours: Monday-Friday, 9:00am-5:00pm, 37.5 hours/week

Minimum Candidate Qualifications:

The candidate must have a minimum of:

• Either a Bachelor's Degree or higher in accounting, auditing, economics, econometrics, business economics, finance, financial administration, mathematics, applied mathematics, mathematical sciences, statistics, actuarial science or taxation.
• OR A Bachelor's Degree or higher including or supplemented by 24 semester credit hours in accounting, auditing, economics, econometrics, business economics, finance, financial administration, mathematics, applied mathematics, mathematical sciences, statistics, actuarial science or taxation.
• Eligible to work in New York State.

Job Description and Required Services:

Financial Examiner for the Pharmacy Benefits Unit of the Health and Pharmacy Benefits Bureau performs comprehensive reviews of pharmacy benefit managers licensed by the state of New York to ensure compliance with New York Insurance rules, laws and regulations and ensures that pharmacy benefits managers are compliant with regulatory standards and operate with the best interests of both policyholders and consumers in mind.

The financial examiner reviews and analyzes different types of documents, transactions and operations, offers clear and practical recommendations to address identified issues or improve compliance, prepares and presents reports and drafts correspondences concerning the agency's regulatory and examination programs and standards and handles routine regulatory activities.

In addition, the candidate must possess and/or have the ability to:

• Have knowledge of Generally Accepted Accounting Principles (GAAP) and Statements of Statutory Accounting principles (SSAP);
• Research and consistently apply state laws, department regulations, National Association of Insurance Commissioners (NAIC) statutory accounting practices, and Federal Deposit Insurance Corporation (FDIC) regulations and practices;
• Knowledge of exam planning procedures, internal controls, sampling techniques, testing procedures, work paper preparation/documentation
• Review procedures and report writing;
• Knowledge of financial analysis techniques and ratios;
• Understand and evaluate enterprise risk management, functions of insurers and pharmacy benefit managers;
• Think critically and make decisions based on reasonable and timely analysis;
• Understand and evaluate risks as well as risk mitigation strategies and controls;
• Multi-task and manage time effectively;
• Work and contribute to a team environment;
• Strong communication skills (both written and verbal);
• Participate in presentations, discussions of examination findings;
• Adapt to complex and rapidly changing expectations and environments;
• Proficiency in MS Excel, Word and Outlook and MS Teams.

About Us: InterSources Inc, a Certified Diverse Supplier, was founded in 2007 and offers innovative solutions to help clients with Digital Transformations across various domains and industries. Our history spans over 16 years and today we are an Award-Winning Global Software Consultancy solving complex problems with technology. We recognize that our employees and our clients are our strengths as the diverse talents and opportunities they bring to the table enable us to grow as a global platform and they are causally linked with our success. We provide strategic and technical advice, and we have expertise in areas covering Artificial Intelligence, Cloud Migration, Custom Software Development, Data Analytics Infrastructure & Cloud Solutions, Cyber Security Services, etc. We make reasonable accommodations for clients and employees and we do not discriminate based on any protected attribute including race, religion, color, national origin, gender sexual orientation, gender identity, age, or marital status. We also are a Google Cloud partner company. We align strategy with execution and provide secure service solutions by developing and using the latest technologies that thrive our resources to deliver industry-leading capabilities to our clients and customers, making it convenient for our clients to do business with InterSources Inc. Our teams also drive growth by refining technology-driven client experiences that put the users first, providing an unparalleled experience. This results in strengthening the core technologies of clients, enabling them to scale with flexibility, create seamless digital experiences and build lifelong relationships.