Insurance Company Examiner I
About The Position
The Insurance Company Examiner I is a key position in the North Carolina Department of Insurance’s Special Entities Division. The employee conducts financial reviews and monitors the financial solvency of Continuing Care Retirement Communities (CCRCs), Professional Employer Organizations (PEOs), individual employers that self-insure workers’ compensation liabilities (SIWCs), and other regulated entities. The purpose of this work is to protect North Carolina consumers and ensure compliance with state solvency laws. The position independently analyzes financial statements, financial ratios, mergers and combinations, acquisitions, independent auditor reports, actuarial reports, business plans, operations, and proposed transactions. The employee determines whether regulated entities comply with applicable laws, regulations, procedures, and generally accepted accounting principles; assesses and reports on each entity’s financial health; documents findings; and recommends appropriate corrective actions based on state law and established guidelines. The employee also evaluates applications and filings requiring the Commissioner’s approval, including initial licensing, facility expansions, changes of control, mergers or combinations, waiver requests, and management agreements. The role involves interaction with Department management and staff at regulated entities. The position currently qualifies for a hybrid telework option involving routine office work and up to one remote workday per week; telework arrangements may change at management’s discretion.
Requirements
- Bachelor’s degree from an appropriately accredited college or university, with accounting courses as defined in 21 NCAC 8A.0309 and other courses required to qualify as a candidate for the uniform certified public accountant examination, based on the requirements in effect at the time of graduation.
- Experience with and a basic knowledge of financial statements, financial ratios, and the impact of journal entries on financial statement components.
- Experience documenting facts, findings, conclusions, and recommendations.
- Experience working independently and collaboratively with a team.
- Experience managing time effectively to complete multiple projects in a timely manner.
- Strong written and oral communication skills.
Nice To Haves
- Transcripts from an appropriately accredited college or university.
Responsibilities
- Conduct financial analysis to monitor the operations and financial condition of proposed and licensed CCRCs, PEOs, SIWCs, and other regulated entities.
- Determine whether regulated entities comply with applicable North Carolina laws, regulations, procedures, and generally accepted accounting principles.
- Independently analyze financial statements, mergers and combinations, acquisitions, independent auditor reports, actuarial reports, business plans, operations, and other proposed transactions.
- Render an opinion on the financial health of each assigned regulated entity.
- Document facts, findings, and conclusions, and recommend necessary and appropriate actions based on established guidelines and state law.
- Evaluate applications and filings requiring the Commissioner’s approval, including initial licensing, facility expansions, changes of control, mergers or combinations, waiver requests, and management agreements.
- Interact with Department management and staff at regulated entities.
Benefits
- 12 annual paid holidays.
- North Carolina State Health Plan administered by AETNA.
- Supplemental benefits, including flexible spending accounts, accident insurance, cancer and specified disease insurance, critical illness insurance, dental insurance, and vision insurance.
- NC State Retirement (TSERS).
- WeSave employee discounts.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
