Insurance Examiner II

State of Vermont • Home Based, VT

3d • Onsite

About The Position

The Department of Financial Regulation is seeking a self-motivated, organized, professional candidate with a financial background and strong analytical, time-management, communication, and critical-thinking skills. The Insurance Examiner II works under moderate supervision in the Insurance Division, assisting with examinations and ongoing analysis of traditional insurance companies.

Using a risk-focused approach, the examiner tests and evaluates insurers’ business processes and controls, including corporate governance, strategy, financial reporting, and regulatory compliance, to assess whether companies can meet their obligations and comply with applicable laws and regulations. The examiner also performs ongoing, off-site monitoring by reviewing quarterly financial statements and other required filings for trends and solvency-related concerns.

The role reviews, analyzes, and evaluates the financial and operational condition of licensed traditional insurance companies. It includes collecting and analyzing data, preparing workpapers and reports, and supporting senior examiners in identifying potential risks or irregularities. The examiner develops knowledge of insurance accounting, regulatory requirements, and examination methodologies while contributing to consumer protection and the integrity of the insurance marketplace. A CPA or AFE (Accredited Financial Examiner) designation must be obtained within four years of hire or promotion, not to exceed six years.

Requirements

• Master’s degree in finance, accounting, business administration, or a closely related field; or a bachelor’s degree and at least two years at or above a technical level in accounting, auditing, or financial examination; or at least eighteen months as an Insurance Examiner I with satisfactory completion of departmental performance requirements.
• Strong analytical skills, sound professional judgment, and an understanding of insurance accounting principles, regulatory frameworks, and examination methodologies.
• Must obtain a CPA or AFE (Accredited Financial Examiner) designation within four years of hire or promotion, not to exceed six years.

Responsibilities

• Assist in conducting examinations of traditional insurance companies using a risk-focused approach.
• Test and evaluate insurers’ business processes and controls, including corporate governance, strategy, financial reporting, and regulatory compliance.
• Conduct ongoing off-site monitoring by reviewing quarterly financial statements and other required filings for trends and solvency-related concerns.
• Review, analyze, and evaluate the financial and operational condition of licensed traditional insurance companies.
• Collect and analyze data and prepare workpapers and reports.
• Support senior examiners in identifying potential risks or irregularities.

Benefits

• 80% state-paid medical premium and a dental plan at no cost for employees and their families
• 12 paid holidays each year and a generous leave plan
• State-paid Family and Medical Leave Insurance (FMLI)
• State defined-benefit pension plan and deferred compensation 457(b) plan
• Tuition reimbursement
• Flexible spending healthcare and childcare reimbursement accounts
• Low-cost group life insurance
• Incentive-based wellness program
• Qualified employer for the Public Service Student Loan Forgiveness Program

What This Job Offers

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