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The Insurance Assistant Deputy Commissioner of Finance is responsible for overseeing the collection and verification of the accuracy of premium tax collections from insurance

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Typical Functions:

Monitors the appropriations and fund balances for the departmental budget, including approximately sixty-five million dollars’ worth of appropriations and approximately twenty-six million dollars in various special revenue fund balances. Reviews electronic fund transfer filings and balances the filings into reports for Bank of America and Information Network Systems for assurance that all requirements are met. Procures all necessary equipment and software for information technology purposes. Manages all departmental asset additions and deletions. Reviews all liquidation division cash funds, and prepares reports documenting their actions and submits funds to the Department of Finance and Administration. Develops a comprehensive annual financial report containing a four step process, including compiling data for the previous fiscal year information that ended on June 30th, recording data for the following fiscal year that starts July 1st, submitting a final report by the end of September of that same fiscal year to the Department of Finance and Administration, and reviewing all information for clarification purposes for the auditor at the Department of Finance and Administration during October and November. Controls all annual budget preparations that begin during the middle of April each fiscal year and are forced to undergo submission by the end of May of that same fiscal year. Manages budget preparations and submissions, including initializing all preparations by organizing divisional meetings beginning in December of the first fiscal year, receiving approval for all new budget requests from the commissioner after finalization of meetings, preparing the actual budget from April until July, submitting the budget to the Office of Budget within the Department of Finance and Administration, and attending meetings once the biennial budget package has been presented to the appropriate legislative committees. Performs other duties as assigned.

Knowledge, Abilities, and Skills:

Knowledge of the Arkansas Insurance Code. Knowledge of specific techniques for financial analysis. Knowledge of principles and practices for finance and accounting. Knowledge of state government accounting procurement laws and regulations. Knowledge of the Performance Budgeting Accountability System (PBAS). Knowledge of the Arkansas Administrative Statewide Information System (AASIS). Ability to plan, organize, and oversee the work of subordinates. Ability to communicate technical information orally and in writing. Ability to interpret and apply rules, laws, and policies to specific situations. Ability to compile or review supporting documentation and prepare financial reports.

Minimum Qualifications:

The formal education equivalent of a bachelor’s degree in business administration, finance or a related field; plus eight years of progressively more responsible experience in budget preparation or fiscal management, including four years in a supervisory capacity.

Required Certificates:



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