Insurance Company Financial Auditor

State of Nebraska•Lincoln, NE

2d•Onsite

About The Position

The Nebraska Department of Insurance is seeking an individual with an accounting and/or finance degree, strong analytical skills, an inquisitive mind, willingness to travel, and a desire to learn in an ever-changing industry for a challenging career with opportunities for growth and advancement. The department's mission is to safeguard consumers by ensuring the fair and just treatment of all parties to insurance transactions. The Financial Examination Division monitors the financial solvency of insurance companies through analysis of financial statements and on-site examinations, taking a risk-focused approach to identify issues early. Financial examiners evaluate processes and controls for over one hundred insurance companies, providing a vital service to Nebraska and other states.

Requirements

Bachelor’s Degree from an accredited college or university in a business-related field (accounting, economics, finance, risk management, etc.) with at least 15 accounting hours, including auditing, and at least three hours of Business Law.
In-state and out-of-state travel is required.
Applicant must have ability to travel out-of-state for up to 5 business days at a time.
A valid driver’s license or ability to provide independent authorized transportation is required.
Regular and Reliable attendance is required.
Analytical mindset
Organized
Detail-oriented
Self-starter and ability to work independently with support
Knowledge of theory and practice of accounting and auditing
Working knowledge of Microsoft Excel, Word, and Outlook
Ability to analyze financial data, company operations and preparation of reports
Effective communication skills, both orally and written, to present information, comments, and recommendations clearly, concisely, and comprehensively
Have an interest in making investigation inquiries to insurance companies regarding their accounting, processes, and controls

Nice To Haves

Accounting/auditing work experience is beneficial.
Applicants that already have an AFE (Accredited Financial Examiner) or CFE (Certified Financial Examiner) designation, salary will be adjusted accordingly.

Responsibilities

Extensively work on site at insurance companies verifying financial and non-financial information.
Work both independently as well as in conjunction with a team of fellow examiners in a variety of work environments.
Investigate insurance company activities and determine if an insurance company is in conformity with insurance industry accounting standards “Statements of Statutory Accounting Practices” (SSAP).
Investigate and analyze insurance company policies, procedures, operations and controls to detect possible regulatory statute violations and solvency concerns.
Review and verification of insurance company’s recordings of accounting transaction activities include but not necessarily limited to review of journal entries, ledgers, trial balances and various supporting source documentation.
Assist in the verification and review of insurance company information and data which supports items such as assets, net worth, liabilities, capital stock, surplus, income and expenditures.
Correspond with and conduct interviews with insurance company officials to verify and evaluate compliance with regulatory requirements and to obtain an understanding of insurance company operations.
Make clear and accurate assessments regarding whether an insurance company is adequately meeting compliance standards.
Timely prepare workpapers which are accurate, organized and clearly stated.
Identify and evaluate internal controls including Sarbanes-Oxley requirements.

Benefits

Engaging and challenging work
Supportive management and open-door policy
Knowledgeable, Friendly and Fun Team
Work-life balance with focus on providing flexibility
Excellent health and wellness benefits
Formal onboarding, training and development program to set-up any new team member for success
Built-in opportunities for growth and advancement, including opportunity for advancement to Financial Examiner II within two years and Senior Financial Examiner within three years.
13 paid holidays
Vacation and sick leave that begin accruing immediately
Military leave
156% (that's not a typo!) state-matched retirement
Tuition reimbursement
Employee assistance program
79% employer paid health insurance plans
Dental and vision insurance plans
Employer-paid $20,000 life insurance policy
Public Service Loan Forgiveness Program (PSLF) through the Federal government
Wide variety and availability of career advancement as the largest and most diverse employer in the State
Opportunity to be part of meaningful work and make a difference through public service
Training and Development based on your career aspirations
Fun, inviting teammates
A safe and secure environment