Associate Financial Analyst (Financial Examiner 2)

State of Washington • Thurston County – Tumwater, WA

6d • Hybrid

About The Position

The Washington State Office of the Insurance Commissioner (OIC) seeks an Associate Financial Analyst (FE2) to join our Financial Analysis Team in the Company Supervision Division. This role is for a detail-oriented financial professional who enjoys analytical work and solving complex problems, offering an opportunity to make a meaningful impact while helping protect consumers and support a healthy insurance marketplace. In this role, you will analyze the financial condition of insurance companies and other regulated entities doing business in Washington, assess financial risks and regulatory compliance, identify emerging trends, and help ensure organizations remain financially able to meet their obligations to consumers. You will collaborate with experienced analysts and regulators, gain expertise in insurance financial regulation, and contribute to decisions that safeguard the public interest. This position offers the opportunity to build specialized knowledge through ongoing training, professional development, and collaboration with regulatory professionals across the country. This recruitment may be used to establish a qualified pool of candidates for Financial Examiner 2 (FE2) vacancies in the next sixty days. This is a Washington General Service position.

Requirements

• Six (6) years of qualifying professional experience in accounting or auditing. Qualifying professional experience is defined as experience as an analyst/examiner/auditor preparing, evaluating, auditing financial statements (e.g. balance sheet, income statement, cash flow, etc.) in a regulated or professional environment.
• Successful completion of 20 quarter or 12 semester hours in accounting, finance, economics, or insurance. Professional experience may not substitute for the credit hours.
• Basic skills with Microsoft Office Suite and Adobe Acrobat.

Nice To Haves

• A Bachelor’s or Master’s degree with major study in finance, business administration, economics, or accounting.
• An active Certified Public Accountant (CPA) license granted by Washington State or another state that has reciprocity with Washington State.
• A designation of Accredited Financial Examiner (AFE) or Certified Financial Examiner (CFE) in an insurance discipline as granted by the Society of Financial Examiners (SOFE).
• Intermediate skills with Microsoft Office Suite and Adobe Acrobat.

Responsibilities

• Analyze the financial condition of insurance companies and other regulated entities to identify financial risks, trends, and regulatory compliance issues.
• Review financial statements, regulatory filings, and supporting documentation to assess organizational solvency and ability to meet obligations to consumers.
• Prepare written financial analyses, risk assessments, and recommendations that support regulatory oversight and decision-making.
• Monitor assigned insurers and regulated entities, identifying emerging concerns and recommending appropriate supervisory or enforcement actions.
• Communicate findings and collaborate with internal staff, legal counsel, and state and national insurance regulators to support coordinated oversight activities.
• Review annual reports for Charitable Gift Annuity issuers and other regulated entities to ensure compliance with Washington laws and regulations.
• Maintain accurate case files, analysis documentation, and regulatory records using agency databases and audit software.
• Stay current on insurance regulations, financial analysis standards, and industry trends through ongoing training and professional development.

Benefits

• Health, dental, vision, retirement, paid leave (vacation, sick, etc.) and much more!
• Supportive work environment: We value diversity, professional growth, and collaborative atmosphere.
• Wellness programs: Invest in your well-being with on-site resources and initiatives.
• Work-life balance: Flexible schedules with telework opportunities.
• Public service fulfillment: Contribute to a cause that matters and feel the satisfaction of serving the public good.
• Training & Development: Continuously learn and grow with tuition reimbursement, Public Service Loan Forgiveness, and other programs.
• Free parking (Tumwater) & Public transportation pass (Thurston County): Save on commuting costs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree