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Chief Financial Examiner (Raleigh, NC)Raleigh, NC
- Description of Work
Maximum Recruitment Range: $81,704 - $132,768
Salary Grade: NC25
Mission of the Department of Insurance:
To promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect.
Primary Purpose of the Position:
This is a key position working in the Financial Examination Division. This employee functions as the Chief Financial Examiner as described in the Financial Condition Examiners Handbook (“FCEH”), interviews and hires new employees, reviews examination work, and oversees a team of technical professionals on examinations of insurance companies that are domiciled in NC utilizing automated systems to identify risks, document risk assessments, and develop an overall examination approach to evaluate internal controls and perform substantive testing procedures.
The work involves the examination of statutory financial statements for the purpose of assessing the financial condition, legality, and propriety of operations. The work is guided by State laws and regulations, departmental policies and procedures, the NAIC, and the AICPA as prescribed by Statements on Auditing Standards. This employee must focus on the achievement of job specific and Departmental goals and must be a results-oriented individual who consistently complies with the cost, quality, quantity, and time expectations for the work and meet deadlines. The position will have the opportunity to interact with people at all levels within the insurance companies as well as within this Department. The Chief Examiner is responsible for overseeing and directing the examinations of the financial records relative to the business operations of insurance companies and other regulated entities which are licensed or otherwise authorized to do business in the State of North Carolina by the Commissioner of Insurance pursuant to N.C.G.S § 58. The employee may also participate in examinations of foreign insurance companies licensed in the State which are conducted under the Association Plan of the NAIC.
The work is guided by State laws and regulations, departmental policies and procedures, the NAIC, and the AICPA as prescribed by Statements on Auditing Standards. This employee must focus on the achievement of individual and team specific goals and objectives, as well as those established by the Department for the division. The employee must be a results-oriented individual who consistently complies with the guidelines described in the FCEH regarding completed work quality and quantity and meet deadlines. The position will have the opportunity to interact with people at all levels within the insurance companies as well as within this Department. This position makes hiring and promotion recommendations for employees within the division; supervises the daily operations of examinations in progress; performs complex examination procedures and reviews the completed work as specified in the FCEH. The work is guided by State laws and regulations, departmental policies and procedures, the NAIC and the AICPA as prescribed by Statements on Auditing Standards. Some in and out-of-state travel is required. This position may perform other duties as assigned by management.
Incentives of NC State Employment:
We value our employees and offer a wide variety of competitive and family-friendly benefits. Benefits to include:
- 12 Annual paid Holidays
- North Carolina State Health Plan administered by Blue Cross Blue Shield of NC
- Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
- NC State Retirement (TSERS)
- WeSave Employee Discounts
- Knowledge, Skills and Abilities / Competencies
- Extensive knowledge of financial statements, the impact of journal entries on financial statement components, and the ability to apply knowledge effectively with applicable information technology software and systems.
- Extensive knowledge of generally accepted auditing standards (GAAS) and testing methods, generally accepted and statutory accounting principles (GAAP & SSAP), financial accounting concepts and theories, financial examination procedures.
- Knowledge of the concepts related to insurance companies and other regulated entities.
- Knowledge of business risks, operations, financial transactions, and financial regulatory functions for consumer protection including regulation of capital standards, reserve requirements, and solvency monitoring.
- Ability to technically oversee multiple examinations and recommend changes to standards of practice for all work performed.
- Ability to think independently and assist in the development, modification and implementation of Department policies and procedures, and State laws and regulations.
- Ability to develop plans to accomplish work operations and short-range goals and objectives.
- Ability to plan strategies to meet long-range goals/objectives and arrange and assign work to use resources efficiently.
- Ability to coordinate all administrative and technical services provided, ability to plan and implement changes in operations, and ability to establish work unit operating standards and procedures to comply with state and federal rules and regulations and agency/university practices, procedures and principles governing the fiscal program.
- Ability to oversee the recruitment, selection, development, coaching, counseling, disciplining and evaluation of employees in the assigned work areas.
- Ability to observe and assess work, provide feedback and technical supervision, plan and support employees in career development opportunities and provide for the professional development of staff and managers to ensure that managers and staff have the required technical and budget resources.
- Ability to build long-range plans to fulfill legislative or mission driven Departmental goals and identify organizational structures and systems needed to support identified goals.
- Ability to evaluate and allocate resources and oversee budget and contracts to ensure fiscal responsibility of the Department.
- A minimum of 7 years of supervisory/management experience, Certified Public Accountant (CPA), and Certified Financial Examiner (CFE).
- Minimum Education and Experience Requirements
Bachelor's degree from an appropriately accredited college or university, with the appropriate courses in accounting as defined in 21 NCAC 8A.0309 and other courses required to qualify as a candidate for the uniform certified public accountant examination, based on the examination requirements in effect at the time of graduation and five years of experience in auditing insurance company operations or closely related accounting or auditing work; or, an equivalent combination of education and experience.
- Supplemental and Contact Information
For consideration for this vacancy, all applicants must complete an on-line application using the “APPLY” button above. If multiple applications are submitted to an individual posting, only the most recent application received prior to the posting close date will be evaluated for the consideration. Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript.
Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC, your academic credentials will be verified.
To receive credit for your work history and credentials, you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit.
The Department of Insurance/Industrial Commission will conduct criminal history checks of all job applicants recommended for employment. Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications, disciplinary action, and possible criminal prosecution.
The Department of Insurance/Industrial Commission uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals.
***INCLUDE ALL RELEVANT EDUCATION, WORK EXPERIENCE IN THE DESIGNATED EDUCATION AND WORK HISTORY SECTION ON THE FORMAL APPLICATION***
***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy***
Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
Applicants seeking Veteran's Preference under N.C.G.S .126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date.
Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system using the above link. Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which he/she has applied.
Claims Examiner (remote and on-site) (remote & on-site)remote & on-site
Expiration Date: 03/31/2023
Claims Examinations - Invitation to Negotiate – State Board of Administration of Florida, Florida Hurricane Catastrophe Fund (Tallahassee, FL – Remote and On-site)
The State Board of Administration of Florida (the “SBA” or the “Board”) is a Florida government entity that provides a variety of administrative and investment services to various governmental entities. One of these entities is the Florida Hurricane Catastrophe Fund ("FHCF”). Due to Hurricane Ian causing covered losses with Florida property insurers, the FHCF is reimbursing insurers for a portion of losses covered by a reimbursement contract. In order to ensure insurers have properly reported losses for which reimbursement has been made, the SBA intends to contract with vendors to conduct claims examinations. These examinations will be conducted both remotely and on-site at the insurer’s location. It is not necessary to relocate to Tallahassee. On or about March 8, 2023, an Invitation to Negotiate (ITN) will be posted on the FHCF website – https://fhcf.sbafla.com/news/. The ITN contains a timeline, required qualifications, and instructions on how to submit clarifying questions and a response.
Financial Analyst (RIchmond, VA and remote combo)RIchmond, VA and remote combo
Expiration Date: 04/30/2023
Anticipated Starting Salary Range: $50,000 - $75,000
Starting Salary Commensurate with Qualifications and Experience
The State Corporation Commission’s (SCC) Bureau of Insurance (BOI) is seeking two Financial Analysts to join our Financial Regulation Division. This division of BOI ensures that insurance companies licensed in Virginia are financially sound and able to support payment of claims while complying with the applicable laws, rules, and regulations of Virginia. Experienced Financial Analysts in BOI perform financial analysis and complex work independently. Entry-level financial analysts assist with the duties listed below until fully trained to work independently. The SCC offers a hybrid work schedule (generally 3 days of telework, 2 days in office each week), opportunities to attend job-related training and to obtain related certifications and designations, and career growth.
- Monitor the financial condition of assigned domestic and foreign insurance companies by reviewing and analyzing annual statements, quarterly statements, audited financial statements, examination reports, and related documents filed by insurers domiciled in and outside of Virginia
- Determine compliance with insurance laws, rules, and regulations
- Understand and apply statutory accounting principles and the NAIC Financial Analysis Handbook
- Analyze and process complex mergers, acquisitions and reorganizations of insurance companies
- Prepare financial and business-related analysis, research, schedules, and analysis for solvency, liquidity, profitability, financial, and economic forecasts
- Respond to inquiries from the public, companies, or other regulatory agencies
- Perform related work as assigned
- Preferred qualifications for an experienced Financial Analyst include considerable professional experience in accounting, auditing, or financial analysis and a related bachelor’s degree
- Minimum qualifications for an entry-level Financial Analyst include a Bachelor’s degree in accounting, finance, or a related field from an accredited college or university (Starting salary up to $55,000)
- Completion of 12 semester hours of accounting coursework
- Knowledge of accounting and/or auditing
- Ability to analyze and interpret financial data and relevant Virginia insurance laws and regulations
- Strong written and verbal communication skills
- Proficiency in Microsoft Applications, especially in Microsoft Word and Excel
- Ability to present clear and concise information
- Ability to work effectively individually and as a member of a team
- Ability to establish and maintain effective working relationships within the SCC and with outside constituents
- Strong judgment and decision-making skills
- Ability to multitask and organizational skills
- Any knowledge of Virginia insurance laws, the National Association of Insurance Commissioners (NAIC) Accounting Practices and Procedures Manual, insurance investments, reinsurance or holding company transactions is a plus
Located in downtown Richmond, Virginia, the SCC is a state agency with regulatory authority over many business and economic interests in Virginia. More information about the SCC may be found on our website: www.scc.virginia.gov.
The SCC offers rewarding, impactful work; flexible telework options and work-life balance; and professional development opportunities. The SCC fosters a high-performing workforce with a commitment to diversity and inclusion, collaboration, and alignment with the SCC’s mission and strategic goals. Core benefits provided to SCC employees include competitive health and life insurance programs, pre-tax spending accounts, leave programs, and paid holidays. Employees participate in a state retirement plan with options for tax-deferred retirement savings including employer matching. The state also funds a short and long-term disability program.
The SCC regulates various companies and industries in Virginia; therefore, to avoid any conflict, employees are required to sign a Conflict of Interest Form and must dispose of any stock they hold in a regulated company or dispose of any licenses or certificates they hold in any industry regulated by the SCC unless otherwise permitted. Employees also shall report employment of household members by a regulated company.
The SCC is an Equal Opportunity Employer. Military veterans and national service alumni are encouraged to apply. The SCC uses the E-Verify system to confirm identity and work authorization and does not provide sponsorship. If requested, the SCC will provide reasonable accommodation to applicants in need of accommodation in order to provide access to the application and interview process. A background investigation is conducted on the selected candidate as a condition of employment.
This position is classified in the SCC Salary Structure as a Grade P-7, P-9 or P-11 and will be non-exempt or exempt from the provisions of the Fair Labor Standards Act (FLSA) depending on the selected candidate’s qualifications and experience.
How to Apply
This position will remain open until filled; however, interested candidates are strongly encouraged to apply by March 22, 2023.
Qualified internal and external candidates are encouraged to apply. If you are an external candidate, apply on the SCC Career Center website at https://careercenter.scc.virginia.gov.
Financial Examiner (Topeka, KS)Topeka, KS
Expiration Date: 04/07/2023
The Financial Examiner plays an integral part in our mission to protect Kansas consumers. This position reviews and assesses the activities of insurance companies for safety, financial solvency, compliance with and adherence to Kansas insurance laws, regulatory guidelines, and industry standards. While experience is preferred, we invite candidates with relevant experience and backgrounds to apply for consideration. On the job training is provided to incumbents in relation to the insurance industry and the insurance regulatory environment. Incumbents also receive extensive training in applicable laws; rules and regulations; insurance company operations and examination procedures. Continuing education is provided to help employees gain additional knowledge of the insurance industry and insurance regulatory environment. The Department values our employees and encourages personal growth and professional development. If you are passionate about protecting and serving the citizens of Kansas, we would love for you to join our team.
This position requires in-state and out-of-state travel (approximately 30-50%). For a complete position description, please contact the recruiter.
The Financial Surveillance team is comprised of individuals with the capacity and aptitude to achieve the optimal goal of ensuring the financial solvency of insurance companies that operate under Kansas insurance laws. They work closely together to make the best possible decisions for the Kansas Insurance Department and Kansas consumers. The team is encouraging and supportive of one another in a fun and collaborative environment.
What We Have to Offer
The Kansas Insurance Department has a comprehensive benefits package that includes:
- No waiting period for health insurance coverage – eligible for insurance on day one
- Paid holidays, vacation leave, sick leave and parental leave
- Personal and professional growth opportunities by offering significant financial incentives for attainment of relevant credentials such as the Accredited Financial Examiner (AFE), Certified Financial Examiner (CFE), and Automated Examiner Specialist (AES)
- Retention and Credential Bonus Opportunities
- KPERS Retirement plan and deferred compensation program
- Outstanding work-life balance with flexible schedules and a chance to work up to two days a week remotely after six months of employment with the Department
- Beautifully renovated office near Wanamaker Road with free parking and easy access to I-70
Bachelor's degree in accounting, finance, business administration from an accredited college or university; or a bachelor’s degree in related field to include 6 credit hours in Accounting, 3 credit hours in Finance or Economics, 3 credit hours in Business Law and 3 credit hours of Management.
Ideal Candidates Will Have:
- Accounting, auditing, or finance experience
- Ability to problem solve, research, and propose solutions
- Ability to think analytically and critically
- Ability to work with or learn to become familiar with specialized audit software (TeamMate)
- Ability to work as part of a team and independently
- Passion for protecting Kansas consumers and assisting us in our mission to protect and regulate the state’s insurance industry
- As a condition of employment, candidates are subject to a pre-employment screening process to include name-based criminal history records check and reference/background check of past and present employers.
- Verification of identity and employment eligibility to work in the S. is required by federal law.
- Veteran’s Preference Eligible – please visit http://da.ks.gov/ps/aaa/recruitment/veterans.htm for additional
- Tax Clearance Certificate required, please visit: https://www.ksrevenue.org/taxclearance.html
How To Apply:
Step 1: Create an Account at the State of Kansas Careers website at: https://admin.ks.gov/services/state- employment- center/sec-home
Step 2: Once you have created an account, complete the online State of Kansas application form and upload the other required documents.
- Kansas Tax Clearance Certificate
- Cover letter
- Veterans’ Preference S.A. 73-201(c) Form and DD-214, if applicable.
Recruiter Contact: Dale Hubbell
Email: [email protected]
What to Expect Next:
Your application will be reviewed, and we will evaluate your qualifications based on the materials that you submit. Therefore, the materials that you submit must be complete and fully discuss how you meet the minimum, other, and preferred qualifications, if applicable. After your application is evaluated, you may be contacted for further information or to schedule an interview.
KANSAS TAX CLEARANCE CERTIFICATE REQUIRED: Each applicant applying for a State of Kansas job vacancy must obtain a valid and up to date Kansas Certificate of Tax Clearance. For more information and to obtain a Kansas Certificate of Tax Clearance go to the Kansas Department of Revenue’s website at: http://www.ksrevenue.org/taxclearance.html. This is in accordance with Executive Order 2004-03. If you need assistance with the tax clearance, please contact 785-296-3199.
If you have questions, please do not hesitate to contact us at 785-291-3801.
Individuals with disabilities are encouraged to contact the Recruiter if reasonable accommodations are needed for any part of the application or hiring process.
The Kansas Insurance Department is an Equal Opportunity Employer