Insurance Examiner III

State of Vermont • Calais, VT

3d

About The Position

The Insurance Examiner III works in the Insurance Division of the Department of Financial Regulation, under minimal supervision, to assist with and conduct 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 insurers can meet their obligations and comply with applicable laws and regulations. Ongoing analysis provides continuous off-site monitoring of insurers’ financial condition through review of quarterly financial statements and other required filings for trends and solvency concerns.

The role plans, reviews, organizes, and executes examination activities; reviews complex financial statements and operational practices; prepares comprehensive reports of findings; and helps 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 requires strong analytical skills, professional judgment, and knowledge of insurance accounting principles, regulatory frameworks, and examination methodologies. It supports consumer protection and the integrity of Vermont’s insurance marketplace by helping ensure 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.

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.
• Must obtain a CPA or Accredited Financial Examiner (AFE) designation within two years of hire or promotion, not to exceed four years.
• Strong analytical abilities, professional judgment, time management, communication, and critical thinking skills.
• Knowledge of insurance accounting principles, regulatory frameworks, and examination methodologies.
• Self-motivated, organized, professional, dependable, and polished demeanor.

Responsibilities

• Assist with and conduct examinations and ongoing analysis of traditional insurance companies.
• Plan, review, organize, and execute examination activities using a risk-focused approach.
• Test and evaluate insurers’ business processes and controls, including corporate governance, strategy, financial reporting, and regulatory compliance.
• Review quarterly financial statements and other required filings to monitor insurers’ financial condition and identify trends or solvency concerns.
• Review complex financial statements and operational practices.
• Prepare comprehensive reports of examination findings.
• Help ensure insurers maintain sound financial conditions and comply with laws and regulations.
• 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 accounts for healthcare and childcare reimbursement.
• 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