Insurance Certified Financial Examiner

State of Connecticut•Hartford, CT

5d•Hybrid

About The Position

The State of Connecticut Insurance Department (CID), Financial Regulation Unit is accepting applications for an Insurance Certified Financial Examiner position in Hartford, CT. This position is open to current agency employees of the CID. The State of Connecticut offers professional growth and development opportunities and a healthy work/life balance to all employees. The mission at the State of Connecticut, Connecticut Insurance Department (CID) is consumer protection. The department carries out its mission by enforcing state insurance laws to ensure policy holders are treated fairly, by providing assistance, outreach and education to help consumers make sound choices and by regulating the industry in a fair and consistent manner that fosters market competition for availability of insurance.

Requirements

Eight (8) years of experience in one or more of the following areas: Regulatory examination of financial condition or market conduct of insurance companies; Accounting, auditing, automated controls reviews or actuarial work in the insurance industry.
One (1) year of the General Experience must have been in an advanced working level or consultative capacity in professional work in insurance examining, auditing or automated controls reviews.
Incumbents must possess at time of appointment and maintain during employment the designation of Certified Financial Examiner (CFE), Certified Information System Auditor (CISA) or Certified Public Accountant (CPA).
Incumbents with a CISA designation must obtain and retain the designation of Automated Systems Examiner (AES) within 30 months of hire.
Incumbents in this class may be required to travel.
Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator’s license.

Nice To Haves

Experience in resolving complex insurance issues.
Experience in statutory financial examination and/or financial analysis procedures.
Experience in the organization and business practices of insurance companies.
Experience researching insurance issues.
Experience working or engaging with the National Association of Insurance Commissioners (NAIC).
Experience leading meetings.

Responsibilities

Schedules, assigns, oversees and reviews the examination assignment work of team members
Serves as examiner in charge of association examinations
Provides staff training and assistance regarding procedures and techniques
Assists in conducting performance evaluations
Assists in determining unit priorities and plans
Assists in establishing and maintaining unit procedures
Assists in the development of standards and examination procedures
Acts as liaison with other operating units, agencies and outside officials regarding unit policies and procedures
Prepares reports and correspondence
Supervises and coordinates insurance examination activities including auditing financial statements and holding company reports
Assists in determining areas to be examined
Oversees analysis activities and provides guidance to less experienced examiners regarding procedure and techniques
Participates in hearings on financial condition of insurers
Drafts hearing notices issued to insurers for violation of statutes and regulations
Recommends administrative sanctions
May conduct financial examinations
May conduct examinations of financial conditions and market conduct compliance
May conduct information systems and market conduct compliance audits
Performs related duties as required