Certified Financial Examiner (CFE) - Analyst

To be eligible for the CFE - A designation:

CFE - A Designation requirement

To qualify for the CFE-A designation, you must have obtained the AFE designation or be applying for the AFE designation concurrently with the application for the CFE-A designation. This may occur on the same day, but the AFE designation requirements must be met before the CFE can be obtained.

Education requirements

You must have successfully completed 3 semester hours of a Management course from an accredited college or university or its demonstrable equivalent.

Examination requirements

To qualify for the CFE-A, you must successfully complete the four CFE examinations administered by the Society of Financial Examiners:

  • CFE1 - Examination Methods and Management
  • CFE2 - Enterprise Risk Management
  • CFE3 - Reinsurance
  • CFE4 - Financial Analysis

All CFE exams must be passed with a 36 month window.
The CFE application must be submitted with 38 months of passing the first CFE exam.

Work-related experience requirements

To qualify for the CFE-A designation, you must be an insurance department employee, or self- employed with a contract for services directly with an insurance department, or be employed with a company that has a contract with a state insurance department and have three (3) years of insurance department examination experience related to financial solvency regulation within the last four (4) years.

24 months of the experience required above must be work done in compliance with the NAIC Financial Analysis Handbook. The Analyst Track will be notated with a “(A)” after the CFE designation and will not qualify for the NAIC Financial Condition Examiners Handbook requirement to sign a multi-state examination report.

Membership requirements

To qualify for the CFE-A designation , you must be an Accredited Member in good standing of the Society of Financial Examiners.

Application approval requirements

To receive the CFE-A designation, you must submit an application to SOFE headquarters and it must be approved first by the Membership Committee, who will then recommend it for approval by the Executive Committee. Upon approval by the Executive Committee, the designation will become effective.

Before Applying:

 

To maintain the CFE designation:

Annual requirements:

You must earn and submit a minimum of twenty (20) credit hours each year.
Included in those 20 hours must be:

  • The current year's NAIC Update (Examiner or Analysis)
  • Two (2) hours of Ethics credits

Triennial requirements

If you are an AFE/CFE designee, you are required to earn and submit 120 hours during the triennial period.

Current three-year reporting period January 1, 2023 to December 31, 2025
Three-year reporting deadline January 31, 2026