Insurance Company Examination Manager
About The Position
This position oversees accounting, auditing, and managerial work in the examination of the financial conditions and operations of insurance companies. Our teams will rely on you to direct examination projects, support staff development, and ensure effective communication, collaboration, and compliance. As an Insurance Company Examination Manager, you will perform the following duties: Team Leadership: Supervise and mentor department staff examiners; provide training and technical assistance with difficult or sensitive work; and travel to visit examination sites, meet with insurance company personnel, and oversee examination staff progress Project Management: Organize teams and assign internal staff responsibilities; direct planning, scheduling, budgeting, and progress monitoring for examinations of all sizes and complexities Solvency Evaluation: Approve teams’ work plans; review and approve detailed assessments of each insurer’s current financial condition, prospective solvency, and recommended corrective measures; and ensure irregularities are investigated Quality Review: Examine and edit work papers and reports to verify accuracy, clarity, completeness, and compliance with all relevant laws, requirements, and standards; follow up on corrective action plans Collaboration Support: Help the Director coordinate examinations with other states to avoid duplication; prepare status reports; facilitate effective communications between the Department and insurers; and testify during legal proceedings
Requirements
- One year of experience as an Insurance Company Examiner 3 (Commonwealth job title or equivalent Federal Government job title, as determined by the Office of Administration); or Five years of professional experience in the audit or examination of the financial conditions and operations of insurance companies; and a bachelor’s degree that includes 6 college credits in accounting, 3 college credits is finance or economics, and 3 college credits in business law; or Designation as a Certified Public Accountant (CPA) and two years of professional experience in the audit or examination of the financial conditions and operations of insurance companies; or Designation as a Fellow of the Society of Actuaries (FSA), Fellow of the Casualty Actuary Society (FCAS), Associate of the Society of Actuaries (ASA) or Associate of the Casualty Actuary Society (ACAS); or An equivalent combination of experience and training that includes 6 college credits in accounting, 3 college credits in finance or economics, and college 3 credits in business law.
- Must meet the PA residency requirement.
- Must be able to perform essential job functions.
Responsibilities
- Supervise and mentor department staff examiners
- Provide training and technical assistance with difficult or sensitive work
- Travel to visit examination sites, meet with insurance company personnel, and oversee examination staff progress
- Organize teams and assign internal staff responsibilities
- Direct planning, scheduling, budgeting, and progress monitoring for examinations of all sizes and complexities
- Approve teams’ work plans
- Review and approve detailed assessments of each insurer’s current financial condition, prospective solvency, and recommended corrective measures
- Ensure irregularities are investigated
- Examine and edit work papers and reports to verify accuracy, clarity, completeness, and compliance with all relevant laws, requirements, and standards
- Follow up on corrective action plans
- Help the Director coordinate examinations with other states to avoid duplication
- Prepare status reports
- Facilitate effective communications between the Department and insurers
- Testify during legal proceedings
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What This Job Offers
Job Type
Full-time
Career Level
Manager
