Insurance Market Conduct Examiner 1
About The Position
This position participates in conducting market analysis and oversight compliance reviews to ensure that all anomalies, trends, and issues are identified and reported to the appropriate leadership teams and regulatory authorities. As an Insurance Market Conduct Examiner 1, you will perform the following duties: Information Analysis: Help analyze, monitor, and review insurance industry records and data as well as conduct industry studies and surveys on various compliance issues Issue Identification: Find anomalies, company and industry trends of concern, and violations of statute, regulation, and policy conditions in insurance company data Compliance Checking: Review company files and electronic records both in-in-house and at department offices to determine if operations comply with statutes and regulations Formal Reporting: Secure back up documentation, prepare, and submit formal reports to communicate findings and recommend corrective actions needed to address non-compliance Professional Collaboration: Assist with analyses conducted via the National Association of Insurance Commissioners’ (NAIC) secure online systems and special projects as assigned Stakeholder Communication: Participate in conference calls with insurance industry and other state’s regulators.
Requirements
- Successful completion of the Insurance Market Conduct Examiner Trainee training program (Commonwealth job title or equivalent Federal Government job title, as determined by the Office of Administration); or
- One year of professional experience in insurance market conduct examinations, insurance company financial examinations, insurance investigations, insurance financial analysis, insurance underwriting, insurance policy review and analysis, insurance claims administration, or insurance sales, and a bachelor’s degree; or
- An equivalent combination of experience and training.
- Meet the PA residency requirement.
Responsibilities
- Analyze, monitor, and review insurance industry records and data.
- Conduct industry studies and surveys on various compliance issues.
- Identify anomalies, company and industry trends of concern, and violations of statute, regulation, and policy conditions in insurance company data.
- Review company files and electronic records to determine compliance with statutes and regulations.
- Prepare and submit formal reports communicating findings and recommending corrective actions.
- Assist with analyses conducted via the National Association of Insurance Commissioners’ (NAIC) secure online systems and special projects.
- Participate in conference calls with insurance industry and other state’s regulators.
Benefits
- Telework opportunity up to three days per week.
- 60-minute lunch.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Entry Level
