Insurance Examiner III

State of Vermont • Home Based, VT

3d • Onsite

About The Position

The Department of Financial Regulation is seeking a self-motivated, organized, and professional Insurance Examiner III with a strong financial background, analytical abilities, time management, communication, and critical thinking skills, and a polished, dependable demeanor. Working under minimal supervision in the Insurance Division, the examiner assists with and conducts examinations and ongoing analysis of traditional insurance companies.

Using a risk-focused approach, the examiner tests and evaluates insurance companies’ 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. Ongoing analysis provides continuous off-site monitoring of insurers’ financial condition through reviews of quarterly financial statements and other required filings for trends and solvency-related concerns.

The role involves planning, reviewing, organizing, and executing examination activities; reviewing complex financial statements and operational practices; preparing comprehensive reports of findings; and helping ensure insurers maintain sound financial conditions. The examiner serves as a technical resource within the division and contributes to developing and enhancing procedures and best practices. The position calls for strong analytical skills, sound professional judgment, and deep knowledge of insurance accounting principles, regulatory frameworks, and examination methodologies. It helps protect consumers and maintain the integrity of Vermont’s insurance marketplace by ensuring regulated entities operate safely and responsibly.

Work is performed primarily in a normal office setting at the office of the insurer being examined. Insurer offices may be located anywhere in the country, requiring travel and extended absences from Vermont. Work hours vary according to examination and workload needs. Employees must obtain a CPA or AFE (Accredited Financial Examiner) designation within two years of hire or promotion, not to exceed four years.

Requirements

• Master’s degree in finance, accounting, business administration, or an equally relevant field and at least two years of experience at or above a technical level in accounting, auditing, or financial examination, including at least one year in financial accounting for insurance enterprises; OR a bachelor’s degree and at least four years of such experience, including at least one year in financial accounting for insurance enterprises; OR 18 months of experience as an Insurance Examiner II with the State of Vermont and satisfactory completion of departmental performance requirements.
• Employees must obtain a CPA or AFE (Accredited Financial Examiner) designation within two years of hire or promotion, not to exceed four years.
• Strong financial background and analytical, time management, communication, and critical thinking skills.
• Sound professional judgment and knowledge of insurance accounting principles, regulatory frameworks, and examination methodologies.
• Self-motivated, organized, professional, polished, and dependable demeanor.

Responsibilities

• Assist with and conduct examinations and ongoing analysis of traditional insurance companies.
• Use a risk-focused approach to test and evaluate insurers’ business processes and controls, including corporate governance, strategy, financial reporting, and regulatory compliance.
• Monitor insurers’ financial condition off-site by reviewing quarterly financial statements and other required filings for trends and solvency-related concerns.
• Plan, review, organize, and execute examination activities.
• Review complex financial statements and operational practices.
• Prepare comprehensive reports of findings.
• Assess whether insurers can meet their obligations and comply with laws and regulations, and help ensure they maintain sound financial conditions.
• Serve as a technical resource within the division.
• Contribute to the development and enhancement of procedures and best practices.

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 Public Service Student Loan Forgiveness Program

What This Job Offers

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