StateJobsNY

NY HELPNo

AgencyWorkers' Compensation Board

TitleFinancial Analyst 2 WC (Workers' Compensation), wcb# 3001

Occupational CategoryFinancial, Accounting, Auditing

Salary Grade23

Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)

Salary RangeFrom $71847 to $90876 Annually

Employment Type Full-Time

Appointment Type Contingent Permanent

Jurisdictional Class Competitive Class

Travel Percentage 5%

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 9 AM

To 5 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? No

County Schenectady

Street Address Office of Financial Services/ Self Insurance Unit

328 State Street

City Schenectady

StateNY

Zip Code12305

Minimum Qualifications Candidates must be reachable on the appropriate Civil Service eligible list.

-OR-

Candidates must have permanently served at least one year in a title designated as appropriate for transfer in accordance with Section 52.6 of the Civil Service Law.

Duties Description Under the direction of the Assistant Director of Self Insurance, the Financial Analyst 2 WC will be responsible for maintaining the proper oversight over both active self-insured groups and terminated trusts. Duties include, but are not limited to:
• Reviewing and approving Actuarial Reports and Audited Financial Statements for terminated trusts and active self-insured groups;
• Providing program staff with financial reviews necessary to determine if new applicants for self-insurance qualify financially and will determine the financial health of current self-insureds in order to determine the appropriate security deposit required;
• Coordinate efforts to effectively manage insolvent or defaulted trusts in regards to areas that overlap in jurisdiction or responsibility;
• Coordinating with the State contracted group administrator and working closely with Third Party Administrator (TPA) in all aspects of member financial issues in order to provide direction to TPA on priority of financial statements needed;
• Obtaining hardship applications from the Litigation Unit to determine if members qualify for hardship status based on the review of application, tax returns and financial statements;
• Coordinating and managing the Board’s forensic accounting contract;
• Providing assistance to the Litigation Unit Attorney, regarding Section 26 judgments to determine members that may be subject to Section 26 judgements;
• Maintaining Financial Data for Active and Discontinued Individual Self-Insured's Ratings and for ratings of New Applications to Self- Insure Workers' Compensation or Disability Benefits;
• Implementing changes in the Fund for Reopened Cases and the Special Disability Fund, resulting from recent legislative changes enacted during the passage of this year’s budget;
• Assisting in any special/ priority project requested by OSI Management, Litigation Unit and/or Group Administrators and Trustees of the trusts in run-off;
• Performing the full range of supervisory duties, including training staff and providing technical guidance and direction.

Additional Comments Please note: This vacancy is being posted in anticipation of an approved waiver.

Some positions may require additional credentials or a background check to verify your identity.

Name Recruitment Unit

Telephone

Fax 518-486-6364

Email Address HRM@WCB.ny.gov

Address

Street Human Resources Office - Room 133

328 State Street

City Schenectady

State NY

Zip Code 12305

Notes on ApplyingQualified candidates should send a letter of interest and resume which lists your actual Civil Service title, salary grade and specific verifiable information as to how you meet the minimum qualifications to be eligible to apply for this position. Please send your application to HRM@WCB.ny.gov (email applications are preferred). It is important that you reference the WCB Item #3001 in the subject line of your email to ensure receipt of your application. (Please do not reference the Vacancy ID No.)