Employment
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Audits Manager (Financial Examiner) (Columbia, SC)
Columbia, SC
Expiration Date: 12/31/2023Columbia, SC -Audits Manager (Financial Examiner)
The South Carolina Department of Insurance is seeking to fill positions within the Financial Regulation & Solvency Examinations Division. This is a State employee position with exceptional benefits as follows:
15 days Annual Leave per year
15 days Sick Leave per year
13 Paid Holidays
State Retirement Plan and Deferred Compensation Programs
Employee Assistance Program
Free counseling sessions incl. legal and financial
Flexible work schedules including some remote
Audits Manager 1-Position #60025937-
The Auditor IV plans examinations, assigns and reviews work of staff examiners, coordinates the work of specialists, identifies solvency and other issues, drafts examination reports, and maintains communication with insurance companies as well as the Administrative Examiner and Chief Examiner on the progress of examinations.
Education: Bachelor's degree from an accredited college or university, with a major in accounting, business, finance, or a related field.
Experience: Experience with a state insurance department as a financial analyst or financial examiner, a public accounting firm or similar entity, or an insurance company in a financial or audit related area.
Certification: An active Certified Public Accountant (CPA), Accredited Financial Examiner, AFE, Certified Financial Examiner (CFE) designation or Masters in Accounting preferred.
Apply at Careers.SC.gov or contact the Human Resources Division at 803-737-6119 for details.
Expiration Date Dec. 31, 2023 or until filled
Chief Financial Examiner (Raleigh, NC)
Raleigh, NC- Description of Work
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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
https://oshr.nc.gov/state-employee-resources/benefits.
- Knowledge, Skills and Abilities / Competencies
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- 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
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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
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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.
Financial Examiner I and Financial Examiner II (Concord, NH)
Concord, NHFinancial Examiner I / Insurance Company Examiner I-Labor Grade 29 $(68,094.00) - $(80,983.50)
or
Financial Examiner II / Insurance Company Examiner II - Labor Grade 31 $(74,275.50) - $(89,154.00)
Position #41778
*See total compensation information at the bottom of announcement.
The State of New Hampshire, Insurance Department has a full-time vacancy for Financial Examiner / Insurance Company Examiner I & II.
SUMMARY:
Financial Examiner I / Insurance Company Examiner I: To perform financial examinations of insurance companies or other regulated entities engaged in business under state certificates of authority or licenses.
Financial Examiner II / Insurance Company Examiner II: To serve as lead examiner and to perform complex and senior-level procedures in financial examinations of insurance companies or other regulated entities engaged in business under state certificates of authority or licenses.
Financial Examiner I / Insurance Company Examiner I:
MINIMUM QUALIFICATIONS:
Education: Bachelor’s degree in accounting, finance, insurance or related field. Each additional year of approved formal education may be substituted for one year of required work experience, with the exception of the one year of required insurance experience.
Experience: Four years of experience in accounting, auditing, business administration, insurance management or insurance regulation, one year of which must be involved with insurance company examinations, market conduct examinations, insurance fraud examinations and/or insurance fraud investigative work, insurance department rate, policy, contract or consumer protection regulatory experience, or in underwriting and loss adjustment. Registration with the New Hampshire Board of Accountancy as a Certified Public Accountant or possession of one of the following nationally recognized professional designations: AIE, CIE, AFE, CFE, AMCM, FLMI, CLU, ChFC, CPCU , or an equivalent insurance related designation may be substituted for two years of work experience.
License/Certification: Must possess a valid driver’s license or have access to transportation for state-wide travel.
SPECIAL REQUIREMENTS:
For promotion from Insurance Company Examiner I, labor grade 29 to Insurance Company Examiner II, labor grade 31, employees must:
- Meet the minimum qualification requirements of Insurance Company Examiner II;
- Receive satisfactory annual performance evaluations; and
- Be recommended for promotion by their immediate supervisor.
Your Experience Counts!
Under a recent change to the rules, an applicant’s additional relevant experience now counts towards formal education degrees referenced in the posting! See Per 405.01.
1.5 Years of additional relevant experience = Associate's Degree
3 Years of additional relevant experience = Bachelor's Degree
4.5 Years additional relevant experience = Master's Degree
Please note that months of relevant experience used as an educational equivalent cannot also be used to fulfill any experience requirement.
RECOMMENDED WORK TRAITS: Thorough knowledge of the insurance laws and regulations of the State of New Hampshire. Knowledge of accounting and market conduct principles and practices as used in the business of insurance. Working knowledge of office methods, procedures and equipment. Ability to establish and maintain an effective working relationship with other employees, insurance company officials, other US and international regulators and the public. Ability to develop administrative and statistical reports with evidence and recommendations. Willingness to spend periods of time out-of-state. Must be willing to maintain appearance appropriate to assigned duties and responsibilities as determined by the agency appointing authority.
JOB RESPONSIBILITIES:
- Performs non-complex risk-focused financial examination procedures in accordance with the National Association of Insurance Commissioners (NAIC) prescribed guidance (Examiner Handbook) and NAIC accreditation standards.
- Verifies compliance with applicable statutory accounting practices and procedures (SAPP), generally accepted accounting principles (GAAP), New Hampshire insurance laws, regulations and administrative rules.
- Works with other State regulators on insurance holding company group examinations where applicable.
- Prepares risk-focused examination work papers, files and reports using electronic software and Teammate audit management application system with guidance from supervisor or senior examiner.
- Assesses insurance company corporate governance and board/management oversight and professional competency, enterprise risk management, financial and operational control environment with primary goals of helping ensure and maintain company financial solvency and compliance with laws and regulations.
- Assists with examination planning and performs specific examination procedures with regard to core insurance company key financial and operational processes such as claims loss reserving, product pricing and underwriting, investing, policy holder administration, reinsurance administration, capital and surplus functions and other key functional activities.
- Corresponds with insurance company officials and contacts, department staff, and other state regulators to investigate identified issues as directed by supervisor or senior examiner.
- Documents and communicates examination findings and issues of non-compliance to insurance company management and prepares reports of examination and management letters for distribution to the company and other appropriate interested parties with guidance from supervisor or senior examiner.
DISCLAIMER STATEMENT: The supplemental job description lists the essential functions of the position and is not intended to include every job duty and responsibility specific to the position. An employee may be required to perform other related duties not listed on the supplemental job description provided that such duties are characteristic of that classification.
Financial Examiner II / Insurance Company Examiner II:
MINIMUM QUALIFICATIONS:
Education: Bachelor’s degree in accounting, finance, insurance or related field. Each additional year of approved formal education may be substituted for one year of required work experience, with the exception of the two years of required insurance experience.
Experience: Six years of experience in accounting, auditing, business administration, insurance management or insurance regulation, two years of which must be involved with insurance company examinations, market conduct examinations, insurance fraud examinations and/or insurance fraud investigative work, insurance department rate, policy, contract or consumer protection regulatory experience, or in underwriting and loss adjustment. Registration with the New Hampshire Board of Accountancy as a Certified Public Accountant or possession of one of the following nationally recognized professional designations: AIE, CIE, AFE, CFE, AMCM, FLMI, CLU, ChFC, CPCU , or an equivalent insurance related designation may be substituted for two years of work experience.
License/Certification: Must possess a valid driver’s license or have access to transportation for state-wide travel. Must obtain Accredited Financial Examiner (AFE) certification from the Society of Financial Examiners within two (2) years of hire.
SPECIAL REQUIREMENTS:
For promotion from Insurance Company Examiner I, labor grade 29 to Insurance Company Examiner II, labor grade 31, employees must:
- Meet the minimum qualification requirements of Insurance Company Examiner II;
- Receive satisfactory annual performance evaluations; and
- Be recommended for promotion by their immediate supervisor.
Your Experience Counts!
Under a recent change to the rules, an applicant’s additional relevant experience now counts towards formal education degrees referenced in the posting! See Per 405.01.
1.5 Years of additional relevant experience = Associate's Degree
3 Years of additional relevant experience = Bachelor's Degree
4.5 Years additional relevant experience = Master's Degree
Please note that months of relevant experience used as an educational equivalent cannot also be used to fulfill any experience requirement.
RECOMMENDED WORK TRAITS: Thorough knowledge of the insurance laws and regulations of the State of New Hampshire. Knowledge of accounting and market conduct principles and practices as used in the business of insurance. Working knowledge of office methods, procedures and equipment. Ability to establish and maintain an effective working relationship with other employees, insurance company officials, other US and international regulators and the public. Ability to develop administrative and statistical reports with evidence and recommendations. Willingness to spend periods of time out-of-state. Must be willing to maintain appearance appropriate to assigned duties and responsibilities as determined by the agency appointing authority.
JOB RESPONSIBILITIES:
- Performs complex and senior-level procedures and serves as lead in risk-focused financial examinations in accordance with the National Association of Insurance Commissioners (NAIC) prescribed guidance (Examiner Handbook) and NAIC accreditation standards.
- Verifies compliance with applicable statutory accounting practices and procedures (SAPP), generally accepted accounting principles (GAAP), New Hampshire insurance laws, regulations and administrative rules.
- Leads or coordinates with other State regulators on insurance holding company group examinations where applicable.
- Independently prepares risk-focused examination work papers, files and reports using electronic software and Teammate audit management application system.
- Assesses Insurance Company corporate governance and board/management oversight and professional competency, enterprise risk management, financial and operational control environment with primary goals of helping ensure and maintain company financial solvency and compliance with laws and regulations.
- Assists with examination planning and supervises staff examiners in performance of specific examination procedures with regard to core insurance company key financial and operational processes such as claims loss reserving, product pricing and underwriting, investing, policy holder administration, reinsurance administration, capital and surplus functions and other key functional activities.
- Provides training and reviews and approves work product of lower-level examiner staff on examination processes and procedures in order to develop skills and ensure overall quality.
- Corresponds with insurance company officials and contacts, department staff, and other state regulators to investigate identified issues; evaluates and documents company responses and proposes additional regulatory actions if warranted.
- Documents and communicates examination findings and issues of non-compliance to insurance company management and prepares reports of examination and management letters for distribution to the company and other appropriate interested parties.
DISCLAIMER STATEMENT: The supplemental job description lists the essential functions of the position and is not intended to include every job duty and responsibility specific to the position. An employee may be required to perform other related duties not listed on the supplemental job description provided that such duties are characteristic of that classification.
For further information please contact:
Tess Caple, HR Technician
*TOTAL COMPENSATION INFORMATION
The State of NH total compensation package features an outstanding set of employee benefits, including:
HMO or POS Medical and Prescription Drug Benefits:
The actual value of State-paid health benefits is based on the employee's union status, and employee per pay period health benefit contributions will vary depending on the type of plan selected.
See this link for details on State-paid health benefits:
https://www.das.nh.gov/hr/benefits.aspx
Value of State's share of Employee's Retirement: 13.85% of pay
Other Benefits:
* Dental Plan at minimal cost for employees and their families ($500-$1800 value)
* Flexible Spending healthcare and childcare reimbursement accounts
*State defined benefit retirement plan and Deferred Compensation 457(b) plan
*Work/life balance flexible schedules, paid holidays and generous leave plan
*$50,000 state-paid life insurance plus additional low-cost group life insurance
*Incentive-based Wellness Program (ability to earn up to $500)
Total Compensation Statement Worksheet:
https://www.das.nh.gov/jobsearch/compensation-calculator.aspx
Want the specifics? Explore the Benefits of State Employment on our website:
https://www.das.nh.gov/hr/documents/BenefitBrochure.pdf
https://www.das.nh.gov/hr/index.aspx
EOE
TDD Access: Relay NH 1-800-735-2964