Company Licensing and Compliance Examiner (FPA 4)

State of Washington•Thurston County – Tumwater, WA

4d•Hybrid

About The Position

The Washington State Office of the Insurance Commissioner (OIC) seeks a qualified individual for the Company Licensing and Compliance Examiner – FPA 4 position within the Company Supervision Division, based out of the Tumwater Office. This role is responsible for conducting complex financial, operational, and regulatory analyses of insurance companies and auxiliary (non-insurance) entities seeking authorization to operate in Washington state. The position plays a vital role in advancing the OIC’s mission to protect consumers, the public interest, and Washington’s economy through fair and efficient regulation of the insurance industry. By ensuring insurers and regulated entities meet rigorous statutory, financial, and professional standards, you will help safeguard the integrity and stability of Washington’s insurance marketplace. Reporting to the Company Licensing & Compliance Manager, this role independently evaluates highly technical licensing applications, assesses financial solvency and operational compliance, and ensures adherence to state laws, federal requirements, and National Association of Insurance Commissioners (NAIC) accreditation standards. The position also serves as a trusted advisor and representative of the agency in regulatory discussions, hearings, and compliance matters. This recruitment may be used to establish a qualified pool of candidates for Functional Program Analyst 4 (FPA4) vacancies in the next sixty days. This is a Washington General Service position. The monthly salary range for this position is $5,666 - $7,622.

Requirements

Seven (7) years of progressively responsible professional work experience in the insurance industry, financial oversight, or regulatory compliance.
Experience should include substantive work involving financial analysis, solvency monitoring, audit or examination functions, or financial operations within a regulated entity.
Relevant experience may include roles such as financial examiner, senior underwriter, financial analyst, accountant, auditor, or comparable positions at an insurance company, bank, savings and loan association, investment firm, or at a municipal, state, or federal regulatory agency.
Intermediate skill level with Microsoft Office – Word, Excel, Outlook.
Basic skills with Adobe Acrobat.
A degree in accounting, business administration, economics, finance or related field from an accredited institution whose accreditation is recognized by the U.S. Department of Education or the Council of Higher Education Accreditation, or a foreign equivalent may be substituted for relevant experience.
Proof of degree may be required prior to employment.
If a degree was awarded outside of the United States, candidates must provide a credential evaluation report.

Nice To Haves

Prior experience as a Functional Program Analyst 3 with the Washington Office of the Insurance Commissioner (OIC), particularly with responsibilities involving financial analysis, financial examinations, solvency monitoring, contract analysis, or licensing review for insurers or regulated entities; or comparable experience at another state insurance department.
Demonstrated experience in financial oversight of regulated entities, including: Reviewing financial statements prepared under SAP or GAAP Conducting financial trend analysis and ratio analysis Evaluating risk-based capital, actuarial opinions, or ORSA filings Assessing financial risks associated with contracts, reinsurance agreements, or service agreements
Experience conducting or supporting financial examinations, market conduct analysis/examinations with financial components, or internal audits involving financial controls or compliance.
Two (2) or more years of work experience in accounting, banking, auditing, or financial services.
Experience reviewing or interpreting complex insurance contracts, provider agreements, rate filings, or similar documents to determine financial and regulatory compliance.
A master’s degree in accounting, finance, economics, or business administration.
Industry professional designations, such as, Accredited Financial Examiner (AFE), Chartered Property Casualty Underwriter (CPCU), Fellow Life Management Institute (FLMI), Certified Insurance Examiner (CIE), Accredited Insurance Examiner (AIE), Associate, Insurance Regulatory Compliance (AIRC), Associate Professional in Insurance Regulation (APIR), or Professional in Insurance Regulation (PIR).

Responsibilities

Conduct complex and highly technical reviews and analyses of insurance company and auxiliary company licensing applications to ensure compliance with Washington state laws, federal regulations, and NAIC accreditation standards.
Evaluate financial solvency, capitalization, corporate structure, business operations, and regulatory filings to determine eligibility for licensure or registration.
Analyze financial statements, risk-based capital projections, debt-to-equity ratios, premium ratios, business plans, and other financial and operational documentation to assess regulatory compliance and financial integrity.
Prepare detailed analytical recommendations regarding approval or disapproval of company licensure, registration, and corporate amendment filings.
Ensure licensing and compliance reviews are completed accurately, efficiently, and within required statutory and accreditation timelines.
Serve as a subject matter expert on company licensing requirements and provide technical guidance to agency staff, regulated entities, attorneys, and other stakeholders.
Represent the Office of the Insurance Commissioner in hearings, regulatory discussions, and other legal or compliance-related proceedings.
Conduct complex compliance reviews and investigations involving insurer operations, corporate amendments, and regulatory filings to ensure compliance with RCWs and WACs.
Identify potential violations of insurance laws and regulations, prepare enforcement referrals, and provide supporting documentation for regulatory action.
Provide mentorship, training support, and technical assistance to licensing analysts and contribute to the development and improvement of agency procedures and processes.