Senior Financial Advisor (Program Management Ii): Dora/Division Of Insurance

The Department of Regulatory Agencies (DORA) is dedicated to preserving the integrity of the marketplace and is committed to promoting a fair and competitive business environment in Colorado.

DORA values and promotes diversity, supporting a workplace that is inclusive of people from different backgrounds and experiences; creating an environment that is reflective of our communities; promoting positive relationships; and putting forth unique perspectives to fulfill our mission.

• Employer-sponsored RTD EcoPass, with offices located at Civic Center Plaza, above the RTD Civic Center station and just a few blocks from RTD light rail.
• Extensive work-life programs such as flexible schedules, training and professional development opportunities on a wide variety of subjects, and more!
• Employee wellness programs, including the Colorado State Employee Assistance Program (CSEAP), which provides free, confidential counseling services.
• Bike-to-work programs, including access to storage lockers and bike racks.
• Flexible retirement benefits, including a choice of the PERA Defined Benefit Plan or the PERA Defined Contribution Plan, plus optional 401K and 457 plans.
• Medical and Dental Health Insurance for employees and optional coverage for their dependents.
• Life Insurance for employees, and optional coverage for their dependents.
• Paid Time Off, including 11 paid holidays.
• Short- and long-term disability coverage.
• Tuition assistance program.

The Colorado Division of Insurance (DOI) regulates the insurance industry in Colorado. DOI helps consumers by answering their questions, investigating their complaints, and helping them to understand their insurance. The division regulates and monitors insurance companies in Colorado, as well as insurance agents, ensuring all are following the law.

Position: SFA 4328
This position serves as the Division's Senior Financial Advisor and is responsible for the Division's budget strategy and oversight. The position monitors and maintains oversight over SB22-040 related actuarial reviews; and supervises the Financial Administrator position. Serves as the Division's Senior Financial liaison with DORA's Office of Accounting and Purchasing (OAP) and the DORA Budget Office and ensures that the Division's financial operations meet the expectations and requirements of those offices. Additionally, this position serves as the subject matter expert and lead implementer of SB 22-040, which requires the Division of Insurance, to retain by contract, one or more entities that have experience in actuarial reviews, health-care policy, and health equity for the purpose of performing actuarial reviews of legislative proposals that may impose a new health benefit coverage mandate on health benefit plans or reduce or eliminate coverage mandated under health benefit plans.
Duties include, but are not limited to:

• Establishing budget forecasts and revenue projections for the Division, as well as monitoring allocations, expenditures, and fund balances;
• Creating and maintaining processes/systems to provide and track program information, analysis, historical data, and/or forecasting;
• Leading budget strategy and advising on all financial matters within the Division;
• Making finance-related recommendations to the Commissioner, Chief Deputy Commissioner, and Senior Leadership Team;
• Working with the Division Senior Leadership Team to prioritize budget resources and requests;
• Overseeing Division financial transaction monitoring and recording, including supervising the Financial Administrator who performs grant management duties, such as evaluating transactions to ensure they meet respective fiscal guidelines;
• Tracking of labor allocation; approving and assigning account codes for the federally funded Reinsurance program, state Reinsurance program dollars, Health Insurance Affordability Enterprise revenue and spending, and Colorado Option waiver funds;
• Reviewing and approving expenditures; developing journal vouchers and providing other necessary fiscal day-to-day guidance to division program staff;
• Division financial reporting, including drafting and submitting written budget summaries that outline current year-date-spending, projected annual spending, and any unexpected program financial needs; preparing monthly metrics reports, internal management reports, and any additional financial reports as requested by the Commissioner and/or needed to meet statutory requirements (e.g. SMART Act);
• Assisting in presenting financial data, progress, and fiscal performance metrics data/information for briefings and other presentations;
• Ensuring implementation of appropriate Division controls and fiscal records management procedures;
• Examining all fiscal proposals to ensure accuracy, and completeness following all Division, Department, and State fiscal standards, policies, and/or regulations.

MINIMUM QUALIFICATIONS (MQs):

• Graduation from an accredited college or university with a bachelor's degree in accounting, business, business administration, economics, finance, public administration, mathematics, statistics or in a field of study related to the work environment; AND
• Five (5) years of professional* experience working in the public sector performing the following:
  • Professional general accounting experience which includes processing and verifying information for recording in a financial system; reviewing and reconciling documents and forms; reviewing documents for accuracy, completeness, and compliance; calculating data for verification purposes; and ensuring transactions are recorded in accordance with Generally Accepted Accounting Principles;
  • Budget strategy and oversight, including analysis, planning, development, implementation, and management;
  • Risk mitigation including, identifying financial related issues and ensuring compliance with financial policies and procedures across a program and/or division.

Document this experience in your application IN DETAIL, as your experience will not be inferred or assumed. Part-time experience will be prorated.


SUBSTITUTIONS:

• A combination of professional* work experience in the occupational field or specialized subject area of the work assigned to the job, which provided the same kind, amount, and level, or knowledge acquired in the required education, may be substituted on a year-for-year basis for the bachelor's degree;
• A master's degree or doctorate from an accredited college or university in a field of study related to the work assignment may be substituted for the experience on a year-for-year basis.

*Professional work involves exercising discretion, analytical skill, judgment and personal accountability and responsibility for creating, developing, integrating, applying, and sharing an organized body of knowledge that characteristically is: uniquely acquired through an intense education or training regimen at a recognized college or university; equivalent to the curriculum requirements for a bachelor's or higher degree with major study in or pertinent to the specialized field; and continuously studied to explore, extend, and use additional discoveries, interpretations, and application and to improve data, materials, equipment, applications and methods.

Preferred Qualifications:

• Demonstrated experience drafting fiscal notes;
• Demonstrated experience drafting and submitting financial reports and/or budget summaries, which include year-date-spending, projected annual spending, and unexpected program financial needs;
• Demonstrated experience managing complex budgets for multiple program areas, including allocating resources and accounting for competing priorities;
• Process improvement and change management experience including, developing and implementing new processes, quality improvement processes, and cost-saving measures, including improving processes to minimize regulatory and/or compliance burdens;
• Demonstrated experience assisting with and/or facilitating audits of financial information;
• Demonstrated state government budgeting experience;
• Demonstrated experience interacting with various stakeholders to provide guidance, recommendations, and resolve concerns among stakeholders;
• Demonstrated experience using Colorado Operations Resource Engine (CORE) or a comparable financial or accounting data management system;
• Formal supervisory experience over professional-level staff, including reviewing and evaluating work produced by subordinates to provide feedback and coaching when appropriate;
• Demonstrated experience leading teams, including distributing and assigning work, ensuring timeliness, and accuracy of work performed;

Required Competencies: The following knowledge, skills, abilities, and personal characteristics are required competencies and may be considered during the selection process (including examination and/or interview):

• Demonstrated written communication skills, including the ability to convey information to various stakeholders in a clear, accurate, and concise written manner;
• Demonstrated verbal communication skills, including the ability to effectively convey information to audiences in a concise manner;
• Demonstrated attention to detail;
• Demonstrated critical thinking and analytical skills, including having the ability to evaluate information in order to apply knowledge and to decide on the most appropriate course of action;
• Demonstrated prioritization skills, including planning, organizing tasks, and managing work assignments;
• Demonstrated time management skills, including the ability to multi-task to effectively manage competing and constantly changing priorities in order to meet tight deadlines;
• Complex problem-solving skills, including the ability to research issues and formulate solutions;
• Ability to manage complex and time-sensitive tasks which involve coordination among many division staff members;
• Ability to ensure the follow through of guidelines, rules, and policies among division financial practices;
• Leadership skills, including the ability to oversee, manage the work of others, and resolve operational issues;
• Ability to correct deficiencies and have tough conversations with others;
• Strategic planning, including the ability to manage competing priorities, initiatives and resources, including budget;
• Ability to utilize accounting techniques, working according to basic accounting theories, generally accepted accounting principles (GAAP), and standards (Financial Accounting Standards Board);
• Ability to work according to Governmental Accounting Standards Board (GASB) principles;
• Ability to interact diplomatically with peers and stakeholders;
• Accountability, reliability, including attendance;
• Interpersonal skills and the ability to collaborate with diverse stakeholders;
• Emotional intelligence and relationship-building skills, including the ability to foster relationships with various stakeholders, peers, teams, and staff;
• Public speaking and the ability to use lay terms when educating stakeholders and decision-makers on complex and technical concepts;
• Demonstrated ability to understand and abide by workplace principles, practices and behaviors as internally identified and defined by the division and department;
• Demonstrated ability to read, understand, interpret, apply, and explain laws, rules, policies, and procedures;
• Sound judgment and the confidence to make decisions on a routine basis;
• Ability to maintain confidential, controversial, or sensitive information;
• Self-starter, including the ability to work independently, learn new processes, utilize own knowledge and that of supervisor, and complete work with minimal supervision;
• Demonstrated professional demeanor;
• Knowledge and understanding in the use of PC software applications including Microsoft Office (Access, Word, Excel, etc.), and Google Suite (Doc's, Sheets, Slides, etc).

Conditions of Employment:Candidates who fail to meet the conditions of employment will be removed from consideration.

• The successful passing of a reference check and/or, if required, a background check.
  • A reference check may include but is not limited to: contacting previous and current supervisors to verify employment and discuss performance, a review of the personnel file, a review of the performance record, etc.
  • The type of background check depends on the job duties of the position, and can include a review of any criminal record, credit report, and/or driving record.
  • This position requires the ability to travel up to 5% of the time, including staying over weekends when required; and the ability to transport equipment, including, but not limited to, laptop computers, printers, manuals, and supplies.
• Effective September 20, 2021, employees will be required to attest to and verify whether or not they are fully vaccinated for COVID-19. Employees who have not been fully vaccinated may be required to submit to serial testing in the future. Upon hire, new employees will have three (3) business days to provide attestation to their status with proof of vaccination. Vaccinated employees must provide proof of vaccination.
• Note: Fully Vaccinated means two (2) weeks after a second dose in a two-dose series of the COVID-19 vaccine, such as the Pfizer or Moderna vaccine, or two (2) weeks after the single-dose vaccine, such as Johnson & Johnson's Janssen vaccine, as defined by the most recent State of Colorado's Public Health Order and current guidance issued by the Colorado Department of Public Health & Environment.

Interested individuals must submit the following online:
1. A completed State of Colorado Application (log-in to your current NeoGov account or create a NeoGov account to complete the online application). Note: Incomplete applications, including...