Employment
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Actuary (Baton Rouge, LA)
Baton Rouge, LA
Expiration Date: 07/30/2024Join a dynamic actuarial team within a traditional and supportive work environment.
This position will support all Life and Health insurance business and will be structured to fit the experience level of the candidate.
Responsibilities include, but are not limited to:
- Review Life and Health annual statement submissions for actuarial compliance and company solvency.
- Review Long-Term care and Medicare Supplement rate increase filings and recommend approval or denial of requested rate increase.
- Provide actuarial support to the Louisiana State Legislation.
- Provide other actuarial support as needed to the financial analysts, financial examiners and other Department staff as needed.
Experience/Skills Required:
- Desire to impact the insurance industry in a meaningful way, stay advised of industry trends, and keep current on new techniques.
- Exchanges ideas and conveys complex information clearly and concisely, both verbally and in writing, to other actuaries and non-actuaries alike.
- Strong analytic skills with solid understanding of Life and Health pricing and reserving.
- Ability to work on multiple projects and prioritize work without extensive direction from supervisor.
- Knowledge of:
- Life and Health statutory reserves, Statement of Actuarial Opinion and Actuarial Memorandum.
- Actuarial structure of Long-Term Care and Medicare Supplement pricing and rate increases.
- Life and Health insurance operations.
- Current activity of the Life and Health actuarial committees of the NAIC.
- Familiarity with, and the ability to utilize, various business software applications.
- FSA, ASA or near ASA will be considered.
- Five years or more actuarial experience.
Additional Salary info:
Based on qualifications. Position will be structured to fit the experience level of the candidate. Benefits include flexible work schedules, leave days, health insurance and a good defined benefit pension plan.
About Louisiana Department of Insurance:
The Louisiana Department of Insurance (LDI) works diligently to balance the needs of insurance consumers with the insurance industry’s need to run a competitive business. As a regulator, the LDI enforces the laws that provide a fair and stable marketplace with transparent rules so that one insurer does not have an unfair competitive advantage over any other insurers. The LDI also works to make certain that insurers comply with all the laws in place to protect policyholders.
Louisiana boasts an attractive cost of living along with a passion for food, history, culture, and great outdoors. The LDI is located on Capitol Lake in Baton Rouge.
To apply: Please email your resume to [email protected]
Chief Financial Examiner (Cheyenne, Wyoming)
Cheyenne, Wyoming
Expiration Date: 02/26/2025GENERAL DESCRIPTION:
The Department of Insurance is seeking a Chief Financial Examiner located in Cheyenne, Wyoming. This position is responsible for the management of the examination section of the Insurance Department and ensures the fair and consistent financial regulation of insurance entities operating in the state of Wyoming.
Human Resource Contact: 307-777-7667 / Samantha Drew / [email protected]
ESSENTIAL FUNCTIONS: The listed functions are illustrative only and are not intended to describe every function which may be performed in the job level.- Participates in strategic planning and achievement of goals.
- Plans, directs, monitors, and coordinates work activities in areas of financial examination, financial analysis, insurance company licensing, and corporate transactions.
- Ensures compliance with Wyoming insurance laws and regulations.
- Assists in monitoring the department's budget and projects revenue estimates.
- Develops policies and procedures for the financial examination and analysis of insurance companies.
- Supervises, trains, and evaluates examination and financial services personnel in order to meet department goals and objectives.
- Supervises and reviews the financial analysis and examinations of domestic insurance companies, and the exams of pre-need funeral trusts.
- Reviews and approves insurance company, risk retention group, accredited reinsurer, and service contract provider applications to do business in Wyoming.
- Oversees the revenue collection and accounting/bookkeeping function of the Department.
- Maintains the Department's compliance with the National Association of Insurance Commissioners (NAIC) Accreditation Standards.
- Responsible for written and verbal communication with insurance companies, consumers, legislators, insurance regulators, state agencies, and banks regarding statutory, accounting, licensing, and trust deposit requirements.
- Responsible for maintaining the Certified Financial Examiner (CFE) designation and/or Certified Public Accountant (CPA) license by attending the appropriate amount of continuing education required.
Qualifications
PREFERENCES:
Preference may be given to applicants who have knowledge of and work experience in insurance regulation.
KNOWLEDGE:- Knowledge of Statements of Statutory Accounting Principles (SSAP), NAIC Accreditation Standards, NAIC Financial Analysis Handbook, NAIC Financial Condition Examiners Handbook, and the Wyoming Insurance Code.
- Ability to research and consistently apply state laws, insurance department regulations, and NAIC statutory accounting practices.
- Knowledge of exam planning procedures, internal controls, sampling techniques, testing procedures, work paper preparation/documentation, review procedures and report writing.
- Ability to manage and direct the work of others in order to meet established goals and deadlines.
- Strong listening, interpersonal, written and verbal communication skills.
- Ability to analyze and examine insurance company financial statements and risk profiles in order to determine if companies are financially sound.
- Knowledge of financial ratios and other financial solvency monitoring tools.
- Ability to take initiative and make decisions based on informed judgment.
- Knowledge of department policies, rules and regulations.
MINIMUM QUALIFICATIONS:
Education:
Bachelor's Degree (typically in Accounting or Finance)
Experience:
2-4 years of progressive work experience (typically in Accounting or Finance) with acquired knowledge at the level of a Financial Examiner
Certificates, Licenses, Registrations:
Certification as a Certified Financial Examiner (CFE) or Certified Public Accountant (CPA)
OR
Education & Experience Substitution:
5-7 years of progressive work experience (typically in Accounting or Finance) with acquired knowledge at the level of a Financial Examiner
Certificates, Licenses, Registrations:
Certification as a Certified Financial Examiner (CFE) or Certified Public Accountant (CPA)
Necessary Special Requirements
PHYSICAL WORKING CONDITIONS:- Work performed in an office setting.
- Travel is required for financial examinations and to attend conferences.
NOTES:- FLSA: Exempt
- Must possess a valid driver's license.
Supplemental Information
044-Department of Insurance - Examination Section
Click here to view the State of Wyoming Classification and Pay Structure.
URL: http://agency.governmentjobs.com/wyoming/default.cfm
The State of Wyoming is an Equal Opportunity Employer and actively supports the ADA and reasonably accommodates qualified applicants with disabilities.
Class Specifications are subject to change, please refer to the A & I HRD Website to ensure that you have the most recent version.Deputy Assistant Commissioner (Trenton, NJ)
Trenton, NJTitle: Deputy Assistant Commissioner, Office of Solvency Regulation (Trenton, New Jersey)
Description: The Department of Banking and Insurance seeks a qualified candidate to serve as Deputy Assistant Commissioner for the Office of Solvency Regulation in the Division of Insurance. This position provides leadership in the monitoring of the financial condition and solvency of all domestic and foreign insurers, reinsurers, and other related entities doing business in the State of New Jersey. This position is also responsible for overseeing the vetting of all insurer applications to form a domestic insurer in this State or to seek admission to transact insurance business by foreign insurers.
See link: https://www.nj.gov/dobi/employment/BIA2023004.pdf
Examiner-In-Charge (EIC) (Remote, Any)
Remote, Any
Expiration Date: 04/12/2025Position Overview
The EIC will primarily perform financial examinations and regulatory consulting services, in a lead role for state insurance departments. This position has significant opportunity for advancement as well as personal and professional growth.
Specific Duties and Responsibilities
- Perform risk-focused financial examinations to determine solvency and compliance to statutes on behalf of Risk & Regulatory Consulting LLC’s regulatory state insurance department clients and in accordance with guidance set forth in the most current version of the NAIC Financial Condition Examiners Handbook.
- Evaluate insurance company risks, processes/controls, and operations.
- Serve as Examiner-In-Charge on examinations of all sizes, including those of significant size and complexity .
- Perform reviews of assisting examiners’ examination work papers, as applicable.
- Ensure the quality and integrity of the regulatory examination process on your specific assignments.
- Assist with the preparation of reports, exhibits, and other supporting schedules that detail a company's solvency, condition and compliance with laws and regulations, and recommend solutions to questionable financial conditions.
- Submit timely all draft reports for review based on the risk-focused examination approach.
- Recommend/document actions to ensure compliance with laws and regulations, or to protect solvency of the company.
- Provide knowledge and guidance of insurance laws, rules, and regulations.
- Review and analyze new, proposed, or revised laws, regulations, policies, and procedures in order to interpret their meaning and determine impact to the company.
- Analyze financial operating statements, reports, and records relating to specific and overall operations of insurance companies; prepare and supervise writing of clear, complete, concise, and informative reports of financial conditions of insurance companies and health care organizations.
- Consistently enhance knowledge of the following areas: statutory accounting principles, practices, techniques, and methods of accounting and auditing; insurance examination and regulation; insurance laws and Insurance Commissioner's rulings; and related Attorney General opinions and court decisions; insurance company practices; statistical sampling procedures; basic actuarial mathematics; principles and practice of effective supervision, insurance companies and health care organizations.
Requirements
- Bachelor's Degree in Accounting or Finance; MBA and/or professional certification/s preferred
- Minimum 10+ years’ experience as a financial examiner serving as EIC on exams of significant size and complexity.
- Insurance industry experience is a must.
- Certified Financial Examiner (CFE) is a must, CPA or CPA candidate, and/or Certified Internal Auditor (CIA) or CIA candidate a plus
- Strong computer skills, including experience in using software for producing presentations, spreadsheets, and project planning (e.g., be adept in TeamMate, MS Excel, Word and Power Point; working knowledge of ACL and MS Access skills is a plus)
- Strong interpersonal, presentation, analytical and examination/audit skills
- Excellent organizational skills and the ability to prioritize multiple tasks, projects and assignments using effective time management skills
- Strong written and verbal communication skills are required
- Dynamic/flexible demeanor with exceptional client service skills
- Must be self-motivated, work well independently and possess a sense of urgency
- Skilled in team building and team development
- Work from home with flexibility to travel
- Ability to demonstrate ethical and professional standards as outlined by the Firm
To apply: Please email your resume to [email protected]
Risk & Regulatory Consulting, LLC (RRC) was formerly a business segment of RSM US LLP (formerly McGladrey) until 2012 when the separate legal entity was formed. RRC is a strategic business partner with RSM providing actuarial and insurance industry consulting services to RSM clients.
Risk & Regulatory Consulting, LLC (RRC) is a national, leading professional services firm dedicated to providing exceptional regulatory services to clients. With over 100 experienced insurance professionals located in 22 states, we believe RRC is uniquely positioned to serve state insurance departments. We offer services in the following regulatory areas: financial examinations, market conduct examinations, insolvency and receiverships, actuarial services and valuations, investment analysis, reinsurance expertise, market analysis and compliance, and special projects. We are a results-oriented firm committed to success that builds long term relationships with our clients.
RRC is managed by seven partners and our practice includes full time professionals dedicated to our regulatory clients. We are focused on listening to your needs and designing customized examination, consulting, and training solutions that address your needs. We bring multiple service lines together to provide superior and seamless service to our clients. We are committed to training our customers and our team. We have developed various comprehensive in-house training programs that have been tailored to meet the needs of our regulatory clients. We offer competitive pricing, outstanding experience, credentials and references. RRC is an active participant in the NAIC, SOFE, and IRES.
Financial Examiner/Examiner-In-Charge (Remote, Any)
Remote, Any
Expiration Date: 05/12/2024Title: Financial Examiner/Examiner-In-Charge
Our company is small and family oriented. We are looking for an experienced financial examiner to work with us on a contract basis. Examiner-In-Charge experience preferred. Retirees are welcome to apply.
The incumbent will perform risk-focused financial examinations on behalf of our client states in accordance with the NAIC Financial Condition Examiners Handbook. Specific duties and responsibilities include:
- Determine risks facing the insurance companies. Assess controls in place and perform testing as needed.
- Provide recommendations and document corrective actions in accordance with best practices, laws, and regulations.
- Review other examiners’ work papers. Prepare reports and other exam related documents.
Requirements:
- Certified Financial Examiner (CFE).
- Experience in risk focused examinations.
- Proficient in using TeamMate+.
- Strong interpersonal, presentation, analytical and examination/audit skills
- Good organizational skills with the ability to prioritize tasks.
To apply: Please email your resume to [email protected]
Information Technology Examiner (Indianapolis, IN)
Indianapolis, INNoble Consulting Overview:
Noble Consulting Services, Inc. is a nationwide consulting firm providing a full range of services to insurance regulators. Through our deep experience as former regulators, big-4 managers, and insurance industry professionals, as well as highly motivated recent graduates, we are recognized for our understanding of the insurance industry, regulatory environment, and emerging challenges. We serve regulators throughout the nation who trust us in both routine and unique situations.
Headquartered in Indianapolis, we have multiple offices and serve an impressive roster of clients across the nation who count on us to be their trusted advisors.
Position Summary:
An Information Technology (IT) Examiner is needed to perform the IT portion of risk-focused statutory examinations. The IT Examiner will be responsible for coordinating, directing, and implementing the automated portion of an examination and evaluating the governance and controls of an insurer’s IT environment, including administrative applications and cybersecurity.
An IT Examiner should have sufficient knowledge, background and experience to perform the IT portion of a financial examination, which may include, but is not limited to, obtaining certifications such as the Certified Information Systems Auditor (CISA), sponsored by the Information Systems Audit and Control Association (ISACA). Annual training is provided for both industry specific and specialized areas.
Responsibilities:
General
• Review and analyze statutory laws, regulations, policies, and procedures as they apply to the IT environment for insurers.
• Ability to evaluate and leverage work of others, including CPA’s and internal auditors, including SOC (System and Organization Controls) reports.
• Provide support to the Examiner-in-Charge and the examination team related to IT governance and controls.
• Apply the Risk Focused approach in performing IT examinations.
• Obtain and maintain skills with TeamMate and other electronic tools utilized in examinations.Service clients
• Exercise professionalism both on site and near the company.
• Manage the expectations of the client, insurer, your supervisor and other team members.
• Provide the client, insurer, and your supervisor with regular status updatesMonitor and meet budgets
• Work with supervisor to manage timelines and budgets.
• Provide supervisor advance notice when areas are near completion.Ensure quality of work product
• Communicate the project objectives and responsibilities of all team members.
• Perform/review work completed in a timely manner.
• Identify opportunities for improvements.
• Identify and work towards resolution of potential issues.
• Assist other team members as needed.Expand business and/or network
• Participate in networking meetings, lunches, and dinners.
• Develop and maintain relationship with key contacts.Personal Development
• Participate in performance reviews with Noble staff and project debriefing.
• Ensure evaluations are received/administered as per Noble Consulting policy.
• Embrace opportunities to expand responsibility.
• Expand knowledge of IT audit procedures and sound practices related to the governance and control environment within insurance regulation.Deliver conclusions and work product
• Communicate proactively throughout engagements.
• Provide conclusions in work performed, including summary memos of any findings.
Requirements/Qualifications:
• Bachelor Degree in computer science, information technology, risk management, or other related business fields.
• Preferred minimum experience of 2 years evaluating IT governance and controls.
• Preferred CISA designation or ability to work toward obtaining the CISA designation.
• Solid communication skills, both verbal and written
• Detail-oriented
Resumes may be submitted to [email protected] or by utilizing this secured link: https://podio.com/webforms/21693144/1511669We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, color, sex, sexual orientation, gender identity, disability, genetic information, national origin, race, religion, veteran status, or any other protected category.
Insurance Accredited Financial Examiner for the Department of Insurance, Field Financial Examination (Hartford, CT)
Hartford, CTInsurance Accredited Financial Examiner for the Department of Insurance, Field Financial Examination Unit.
- Monday - Friday
- Full-time (40 hours per week)
- First shift (8:00 AM - 4:30 PM)
- Location: 153 Market Street in Downtown Hartford, easily accessible for commuters
- Hybrid (in-office/telework)
Click this link to learn more: https://www.jobapscloud.com/CT/sup/bulpreview.asp?b=&R1=240326&R2=4982AR&R3=001
Insurance consultant (various)
variousJob description
Insurance Accountant, ARC Strategic Services a division of TAC4 Solutions.
We are ARC Strategic Services, a growing consulting firm seeking our next part-time contractor, a Principal Consultant to provide high-expertise Insurance Accounting, Reporting and Compliance services to our growing client list.
What makes ARC Strategic Services Unique?
ARC Strategic Services achieves success through providing top-notch consulting services, including accounting, reporting, compliance, and strategic services, to our customers. We seek to become their irreplaceable partner by removing the extreme burdens faced in a highly regulated industry. Our consultants have career-long insurance experience both on the industry side and the regulatory side of the business. The perspective gained from that experience allows our consultants to assist in all aspects of insurance accounting and finance tasks. The relief felt by our clients, to have that high-expertise consultant at the other end of the phone, is making ARC Strategic Services a true partner in their organization.
Our parent company, TAC4 Solutions, has been successful in the insurance arena for over a decade by pursuing core values of: Personal Responsibility, Edification and Pursuit of Truth.
What makes you our next Insurance Accountant:
You have vast Insurance Accounting, Reporting and Compliance experience -PLUS- you get your hands dirty digging into the details of those tasks.
You are a subject matter expert in the Insurance industry -PLUS- you enjoy solving puzzles and providing direction to senior insurance accountants.
You know the ins and outs of statutory accounting, whether yellow, blue or orange book – PLUS – you have worked both on the industry and regulatory side of the insurance industry.
You love a challenge, can multitask, can adapt – PLUS – you love being part of a team and nurturing professional relationships.
You lead meetings with high-level executives with confidence, visibility and ease -PLUS- you explain things with humility and vulnerability to the functional staff.
You hold yourself to the highest of standards, working long days, exemplifying excellent behavior in dealing with people -PLUS- you understand human nature and how to nurture a cohesive team including creating behavioral standards and resolving conflict.
You are always honest, dealing directly and quickly with problems, caring for your clients, investing in their lives and business – PLUS – you love your work and want to find that perfect fit company that will appreciate your leadership, skill, and high integrity.
Does this set of seeming paradoxes describe you? Would you like to see if you are TAC4’s next tree planted by streams of water? Send your resume to [email protected] and we will see if we should pursue prosperity together.
Job Type: Part-time Contractor role
Hourly: $95 - $135 depending on experience
Open until 3 positions filled or February 28, 2024
Insurance Financial Analyst Supervisor (Santa Fe, NM)
Santa Fe, NM
Expiration Date: 12/31/2025STATE OF NEW MEXICO OFFICE OF SUPERINTENDENT OF INSURANCE
Insurance Financial Analyst Supervisor
Position #00004267
JOB ID #142329
Salary Schedule: Classified Business
Pay band: BM ($85,310 - $123,699 Annually)
The Office of Superintendent of Insurance (OSI) is responsible for the oversight and regulation of insurance. OSI regulates private health and life insurance, auto insurance, business insurance, home insurance, and title insurance. The agency reviews premium rates and other plan details to ensure insurance is reliable, the company is financially solvent, and rates are fair and reasonable.
The Financial Analysis and Examinations Bureau analyzes the financial solvency of assigned companies by providing administrative support for financial analysis of domestic and foreign insurance companies, health plans, health maintenance organizations, fraternal organizations, or other insurance entities engaged in the business of insurance licensed in the state.
HOW DOES IT GET DONE?
The Financial Analyst Supervisor position exists to oversee the technical work of OSI's financial analysts to ensure the agency produces high quality risk-focused financial analysis that is following national standards.
The Financial Analyst Supervisor oversees day-to-day operations of OSI's three financial analysts and one who conducts risk-focused financial analysis on assigned insurers. The Supervisor provides technical assistance to analysts, reviews work produced by the analysts, ensures that all work produced by the analysts meets national standards established by the National Association of Insurance Commissioners (NAIC), coordinates inter-agency communications, and communicates with external partners and regulated entities.
MINIMUM QUALIFICATIONS:
Bachelor’s degree in accounting, economics, finance, or related field and four (4) years of experience directly related to financial analysis of insurance companies and one of the following certifications: AFE/CFE, CPA, CPCU or APIR/PIR/SPIR.
IDEAL CANDIDATE:
The ideal candidate will have experience in financial analysis, accounting, auditing, insurance, and/or regulation. The candidate should have strong analytical capabilities, good management skills, the ability to work well with others, and the ability to meet deadlines in a timely manner.
Click the link below to access our Careers site and apply:
For information on Statutory Requirements for this position, click the Classification Description link on the job advertisement.
SUPPLEMENTAL INFORMATION:
Benefits:
See this link for details on State-paid health benefits: mybenefitsnm.com
Do you know what Total Compensation is? https://www.spo.state.nm.us/career-services/total-compensation/
Insurance Regulatory Senior Manager (Baker Tilly) (Remote, Any)
Unclassified Deputy Commissioner - Financial Solvency (Baton Rouge, LA)
Baton Rouge, LA
Expiration Date: 07/30/2024UNCLASSIFED DEPUTY COMMISSIONER - FINANCIAL SOVLENCY
Salary: $115,000 - $166,400
Serves as the Deputy Commissioner for the Office of Financial Solvency within the Louisiana Department of Insurance as designated in LA RS:36:693 Office of Financial Solvency. Primary job function is the oversight and supervision of the Office responsible for monitoring the financial condition and solvency of all alien, domestic and foreign insurers & reinsurers doing business in the state of Louisiana. Supervises the Financial Examination, Financial Analysis, and Actuarial units.
Essential Functions & Knowledge: The listed items are illustrative only and are not intended to describe every function which may be performed in the job position.
- Knowledge of Statements of Statutory Accounting Principles (SSAP), NAIC Accreditation Standards, NAIC Financial Analysis Handbook, and NAIC Financial Condition Examiners Handbook.
- Maintains the Department's compliance with the National Association of Insurance Commissioners (NAIC) Accreditation Standards.
- Knowledge of business risks, operations, financial transactions, and financial regulatory functions including regulation of capital standards, reserve requirements, and solvency monitoring.
- Ability to think independently and assist in the development, modification and implementation of Department policies and procedures, and State laws and regulations. Oversees all matters related to troubled companies, including companies under supervision, conservation, rehabilitation, and liquidation.
- Reviews and makes recommendations related to insurance company licensing applications.
- Review and analyze existing, new, proposed, or revised laws, regulations, policies, procedures, and NAIC statutory accounting guidance to interpret their meaning and determine possible impacts.
- Responsible for communication with insurance companies, Department staff, consumers, legislators, attorneys, insurance regulators, federal/state agencies, trade groups, media, and banks regarding insurance-related matters.
- Participation on NAIC Task Forces and/or Working Groups.
Minimum Qualifications:
- A baccalaureate degree from an accredited college or university with a concentration in business administration, business management, accounting, finance, statistics, or economics plus 8 years of professional level experience with 3 years of supervising 2 or more professional individuals.
- Advanced degrees such as M.B.A., J.D. or Ph.D. will also be considered.
- Certified Financial Examiners (CFE), Certified Public Accountants (CPA), Senior Professional in Insurance Regulation (SPIR) or Chartered Property Casualty Underwriter (CPCU) designations are preferred.
To apply: Please email your resume to [email protected]