Insurance Company Examiner Manager

State of North Carolina • Wake County, NC

11d • Hybrid

About The Position

The Insurance Company Examiner Manager works for the North Carolina Department of Insurance in the Division Company Services Group. The position’s primary purpose is to license captive insurers and regulate the financial solvency of captives licensed in North Carolina. It regularly interacts with Department management, captive insurers, captive service providers, and others in the captive industry. The role also assists the Deputy Commissioner and other Department management with marketing and promoting the North Carolina captive program, including public speaking at industry events and travel. The manager oversees non-RRG captive insurance company operations in conjunction with the Deputy Commissioner and exercises independent judgment under the Deputy Commissioner’s general direction.

The position manages Insurance Company Examiners who conduct complex financial and market conduct examinations. It leads and develops the examination team, directs examinations, reviews work products, serves as a liaison with insurers and other stakeholders, and provides strategic regulatory and technical leadership. The role is currently eligible 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.

The recruitment salary range is $81,620–$109,118, Grade NC23. Minimum qualifications include a bachelor’s degree from an appropriately accredited college or university, specified accounting coursework, and four years of experience auditing insurance company operations or closely related accounting or auditing work, or an equivalent combination of training and experience.

Requirements

• Bachelor’s degree from an appropriately accredited college or university.
• Appropriate 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 examination requirements in effect at the time of graduation.
• Four years of experience auditing insurance company operations or closely related accounting or auditing work, or an equivalent combination of training and experience.
• Advanced knowledge of insurance regulation and accounting, including Statutory Accounting Principles (SAP), Generally Accepted Accounting Principles (GAAP), North Carolina insurance laws, and applicable federal regulations.
• Comprehensive understanding of insurance company operations, products, financial statements, and financial condition analysis, including the ability to identify and evaluate regulatory and operational risks.
• Strong leadership and management skills, including the ability to lead, motivate, mentor, and develop professional staff.
• Strong analytical, communication, presentation, problem-solving, and critical-thinking abilities, including the ability to convey complex financial and regulatory information to diverse audiences.
• Technical and professional proficiency, including experience with financial analysis tools and Microsoft Office applications.
• Willingness to travel as required.

Nice To Haves

• Certified Financial Examiner (CFE) or comparable professional designation.

Responsibilities

• License captive insurers and regulate the financial solvency of captives licensed in North Carolina.
• Oversee non-RRG captive insurance company operations in conjunction with the Deputy Commissioner.
• Assist the Deputy Commissioner and other Department management with marketing and promoting the North Carolina captive program.
• Speak at captive industry events and travel as required.
• Lead and manage the Insurance Company Examination team by supervising, training, mentoring, and evaluating examiners; providing technical guidance; managing resources and budgets; and conducting performance appraisals.
• Direct and oversee financial and market conduct examinations from planning and scoping through fieldwork, report development, and resolution of findings.
• Review examination work products, including work papers, reports, and recommendations, for accuracy, completeness, consistency, and compliance with applicable standards and requirements.
• Serve as the primary liaison with insurance companies, regulatory agencies, and stakeholders; communicate examination findings; lead discussions about financial condition and compliance; prepare formal reports; and represent the Department at meetings, hearings, and conferences.
• Develop examination policies and best practices, monitor changes in insurance laws, accounting standards, and industry trends, and collaborate on multistate examinations and investigations.

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.
• North Carolina State Retirement (TSERS).
• WeSave employee discounts.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager