About this role
Overview The Department of Financial Regulation has an exciting and challenging opportunity for an Insurance Examiner II in the Insurance Division. We are seeking a self-motivated, organized, professional with a financial background, analytical abilities, time management skills, effective communication skills, critical thinking and a polished, dependable demeanor. Working under moderate supervision, the examiner assists in conducting examinations and ongoing analysis of traditional insurance companies.
Utilizing a risk-focused approach on examinations, the examiner will perform testing and evaluation of insurance companies’ business processes and controls, including corporate governance, strategy, financial reporting and regulatory compliance to ensure the insurance company is able to meet its obligations and compliant with laws and regulations. Ongoing analysis is risk focused and provides continuous off-site monitoring of the insurer’s financial condition by reviewing quarterly financial statements and other required filings for trends and solvency related concerns.
The role involves performing work in reviewing, analyzing and evaluating the financial and operational condition of licensed traditional insurance companies for financial stability collecting and analyzing data, preparing workpapers and reports, and supporting senior examiners in identifying potential risk or irregularities. The examiner will develop knowledge of insurance accounting, regulatory requirements and examination methodologies while contributing to the protection of consumers and the integrity of the insurance marketplace. The position requires strong analytical skills, sound professional judgment, and an understanding of insurance accounting principles, regulatory frameworks, and examination methodologies.
Who May Apply This position, Insurance Examiner II (Job Requisition #55978) , is open to all State employees and external applicants. Please Note: This position is being recruited at multiple levels. If you would like to be considered for more than one level, you MUST apply to the specific Job Requisition. Insurance Examiner II: 55978 Insurance Examiner III: 55979 Insurance Examiner-In-Charge: 55980 If you would like more information about this position, please contact [email protected] Resumes will not be accepted via e-mail. You must apply online to be considered.
Please note that multiple positions in the same work location may be filled from this job posting. Environmental Factors Work is performed primarily in a normal office setting at the office of the insurer being examined. Such offices may be located anywhere in the country, requiring travel and extended absence from the state. Work hours will vary according to examination and workload needs.
Minimum Qualifications
Master's degree in finance, accounting, business administration, or closely related field. OR Bachelor's degree AND two (2) years or more at or above a technical level in accounting, auditing, or financial examination. OR Eighteen months or more as an Insurance Examiner I, with satisfactory completion of departmental performance requirements. Note: Employees must obtain a CPA or AFE (Accredited Financial Examiner) designation within four (4) years of hire or promotion (not to exceed 6 years).
Total Compensation As a State employee you are offered a great career opportunity, but it's more than a paycheck. The State's total compensation package features an outstanding set of employee benefits that are worth about 30% of your total compensation, including: 80% State paid medical premium and a dental plan at no cost for employees and their families Work/Life balance: 12 paid holidays each year and a generous leave plan State Paid Family and Medical Leave Insurance (FMLI) Two ways to save for your retirement: A State defined benefit pension plan and a deferred compensation 457(b) plan Tuition Reimbursement Flexible spending healthcare and childcare reimbursement accounts Low cost group life insurance Incentive-based Wellness Program Qualified Employer for Public Service Student Loan Forgiveness Program Want the specifics? Explore the Benefits of State Employment on our website.
Equal Opportunity Employer The State of Vermont celebrates diversity, and is committed to providing an environment of mutual respect and meaningful inclusion that represents a variety of backgrounds, perspectives, and skills. The State does not discriminate in employment on the basis of race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, membership in an employee organization, family medical history or genetic information, or family or parental status. The State’s employment decisions are merit-based. Retaliatory adverse employment actions by the State are forbidden.