Insurance Company Examiner Manager

Insurance • Wake County, NC

3d • Hybrid

About The Position

This is a key position in the Financial Analysis Division (“FAD”). This employee will assist the Chief Financial Analyst in managing and directing the operations of FAD, with emphasis on the regulation of North Carolina domestic and foreign insurers. This employee has a key role in developing and implementing the procedures and systems utilized by FAD to enforce the insurance laws of North Carolina. This employee supervises a team consisting of analysts and senior analysts. This employee also performs supervisory duties for FAD as delegated by and in the absence of the Chief Financial Analyst. This employee will have the opportunity to interact with people at all levels within the insurance companies as well as within the Department of Insurance. The work is guided by State laws and regulations, Departmental policies and procedures, and guidance provided by the National Association of Insurance Commissioners.

Requirements

• Bachelor's degree from an appropriately accredited college or university, with the appropriate courses in accounting 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 and four years of experience in auditing insurance company operations or closely related accounting or auditing work; or, an equivalent combination of training and experience.

Nice To Haves

• Advanced knowledge of the insurance industry; generally accepted accounting principles; statutory accounting principles; financial analysis procedures and guidelines; and State laws and regulations.
• Ability to read, interpret, and apply laws and regulations to properly assess a regulated entity's compliance with such laws and regulations.
• Ability to directly evaluate, supervise, and make regulatory oversight decisions for complex transactions.
• Ability to plan, organize, and direct various functions and persons, ensuring timely evaluation of the financial condition and various requests of regulated entities and other stakeholders.
• Excellent decision-making skills, including the ability to be decisive in formulating and executing those skills, and excellent communication skills, both verbal and written.
• Certified Public Accountant or Certified Financial Examiner.
• Prior supervisory experience.

Responsibilities

• Assist the Chief Financial Analyst in managing and directing the operations of FAD, which has the responsibility for monitoring and regulating the operations and financial condition of all authorized insurers, groups that self-insure for workers’ compensation, accredited/authorized/certified/reciprocal jurisdiction reinsurers, reinsurance intermediaries, surplus lines insurers, and other regulated entities for compliance with the solvency laws of North Carolina.
• Developing plans to accomplish work operations and short- and long-term goals and objectives.
• Identifying, developing, and implementing analysis processes and procedures.
• Direct supervision of an analyst team that reviews financial statements, mergers and acquisitions, actuarial reports, business plans and risks, operations and/or systems, for compliance with State laws and ongoing solvency.
• Provides recommendations on appropriate action to the Chief Financial Analyst, ensuring the protection of North Carolina insurance consumers.
• Assists with ensuring that the Department maintains accreditation with the NAIC Accreditation Program.

Benefits

• 12 Annual paid Holidays
• North Carolina State Health Plan administered by AETNA
• Supplemental Benefits including Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement (TSERS)
• WeSave Employee Discounts

What This Job Offers

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