State of Washington
Staff Examiner (Financial Examiner 2)
State of Washington, Washington, Washington, D.C., United States,
DESCRIPTION
This recruitment will remain open until November 10, 2024. The agency reserves the right to make a hiring decision at any time after the initial screening date on October 23, 2024. It is in the applicant's best interest to submit materials as soon as possible.
OIC CAREER OPPORTUNITY
The Office of the Insurance Commissioner's (OIC) Financial Condition Examination Unit is seeking two (2) motivated and qualified individuals to fill Staff Examiner (Financial Examiner 2) positions .
These positions are assigned to the Company Supervision Division, located in our Seattle downtown office.
These positions are responsible for examining regulated entities for solvency and compliance with laws, statutes, or regulations in accordance with National Association of Insurance Commissioners (NAIC) accreditation standards and Agency policies.
What we are looking for in a candidate:
Communication:
Ability to effectively communicate with coworkers, superiors, and auditees. Whether through email, phone calls, or face-to-face meetings, clear and concise communication helps to ensure that tasks are completed efficiently.
Problem-solving : Ability to think critically and find solutions to problems by taking initiative, being proactive, and coming up with solutions to challenges.
Teamwork : Collaborating and working well with a diverse group of individuals and contributing to group discussions that foster/create a positive work culture.
Time management : Ability to manage examiner's time effectively in meeting deadlines and staying organized. Ability to prioritize tasks and manage workload very productively and efficiently.
Leadership : Signs of leadership qualities. A self-starter candidate who is not afraid to take responsibility.
Flexibility/Adaptability : Willingness to learn new or alternative approaches and adapt to new situations in the workplace if necessary.
Benefits of joining the team:
OIC offers health, dental and vision insurance. Additionally, we offer paid time off and retirement benefits. Flexible and work from home arrangements: We offer flexible work schedules such as a four-day work week (e.g. four 10-hour days) and the option to work from home three days a week (This telework schedule, however, can be subject to change due to business needs). We offer opportunities for learning, development, and career advancement as a financial examiner. Work related travel: At times, financial examiners may travel to business conferences or to the insurance companies we exam in and out of the state. This affords employees the opportunities to forge connections with co-workers, financial examiners from other state insurance departments, the companies we audit and see new places.
If you're interested in a dynamic career that protects consumers' interests and promotes a healthy business environment in this state, please apply and become part of our dynamic team.
This recruitment may be used to establish a qualified pool of candidates for Financial Examiner 2 vacancies in the next sixty days.
These are Washington General Service positions. The monthly salary range for these positions is $5,643 - $7,589.
Additional premium pay of 5% will be applied to those positions with an official King County duty station.
AGENCY PROFILE AND VALUES
The Office of the Insurance Commissioner (OIC) operates under the direction of the state's Insurance Commissioner, a statewide elected official. Our mission is to provide consumer protection and regulation of the state's insurance industry.
With a workforce of approximately 265 employees, we are one of the smaller state agencies in Washington state government and are fortunate to have a stable funding source that does not rely on the state's general fund.
Because we are a small agency, you will truly get a chance to understand the 'big picture' of what we do and why we do it. You will also have a chance to get to know your co-workers.
We value diversity in the workplace. We challenge our employees to continuously improve the way we do business and to meet and exceed the needs of our customers.
To learn more about this agency, we invite you to visit our website at and listen to our employees talk about why they love working here.
BENEFITS OF WORKING FOR OIC
Washington State offers one of the most competitive benefits packages in the nation. We offer a great selection of
health
and
retirement plans
, paid leave, and compensation benefits for you and your family.
Additional Benefits:Wellness programs
.
Dependent care assistance
.
Washington State
Employee Assistance Program
.
Federal
Social Security
and Medicare systems.
Additional Leave;
Leave Sharing , Parental Leave , Family and Medical Leave Act (FMLA) , Leave Without Pay .
Deferred Compensation
(supplemental retirement plan).
Training and development opportunities, including tuition reimbursement.
Program for
Public Service Loan Forgiveness
( if applicable )
Free parking at our main office in Tumwater.
A stable funding source that does not rely on the state's general fund.
The fulfillment of public service.
Excellent work-life balance.
Flexible work schedules and telework opportunities.
Commitment to diversity in the workplace and support one another with respect and trust.
Free King County Orca Pass.DUTIESThe duties of these positions include, but are not limited to:
Review information, perform analyses, and obtain an understanding of the company, its processes, and key functional activities to be reviewed. Identify and obtain an understanding of company processes and internal controls in place to mitigate risks. Interview or confer with insurance company employees to collect information. Identify and assess inherent risk in activities and write risk statements specific for the company under examination. Document controls, review the design of controls, and test controls for operating effectiveness. Determine residual risk. Establish/conduct detailed examination procedures. Read, analyze, and examine filings, documents and other information. Review contracts and agreements, identify critical features and perform test work necessary to determine compliance. Assess financial condition, statement assertions, and compliance with laws, regulations, and standards. Prepare special analysis of financial condition of insurance companies admitted to or applying for admission to do business in Washington State.
QUALIFICATIONSRequired Qualifications :
You must meet one of the required qualification options listed and any additional qualifications included in the required qualifications section.
Option 1 : Six (6) years of qualifying professional experience in accounting or auditing.
Option 2:
An associate degree in accounting, finance, economics, business administration, or related field with 24 semester or 36 quarter hours in accounting AND four (4) years of qualifying professional experience defined in option 1.
Option 3:
A bachelor's degree in accounting, finance, economics, business administration, or related field with 24 semester or 36 quarter hours in accounting AND two (2) or more years of qualifying professional experience as defined in option 1.
Option 4:
A master's degree in accounting, finance, economics, business administration, or related field with 24 semester or 36 quarter hours in accounting OR certification as a Washington State Certified Public Accountant (CPA) AND one (1) year of qualifying professional experience defined in option 1. "Qualifying professional experience" is defined as experience auditing, analyzing, or preparing financial statements: balance sheet, income statement, cash flow statement, and notes thereto as an accountant, auditor, or examiner with a public accounting firm or as an accountant, internal auditor or external auditor or examiner of insurance companies, banks, savings and loan associations, municipalities, etc., state or federal or private entities.
In addition to the qualifications noted above, this position requires:
Intermediate skill level in Microsoft Excel and Word. Basic skill level in Microsoft Outlook.
Preferred/Desired
Experience with, or as a contractor for, a state insurance department working as an examiner, auditor, or financial analyst of insurance companies Designation as a Certified Financial Examiner (CFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE) Designation as an Accredited Financial Examiner (AFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE) An active, Certified Public Accountant (CPA) license granted by the Washington State Board of Accountancy, or another state with reciprocity with Washington State Other insurance or information systems related designations
SUPPLEMENTAL INFORMATIONHow to Apply : Applications for this recruitment will be accepted electronically. Please select the large green "apply" button at the top of this announcement. If you have not done so previously, you will need to set up an account profile.. click apply for full job details
This recruitment will remain open until November 10, 2024. The agency reserves the right to make a hiring decision at any time after the initial screening date on October 23, 2024. It is in the applicant's best interest to submit materials as soon as possible.
OIC CAREER OPPORTUNITY
The Office of the Insurance Commissioner's (OIC) Financial Condition Examination Unit is seeking two (2) motivated and qualified individuals to fill Staff Examiner (Financial Examiner 2) positions .
These positions are assigned to the Company Supervision Division, located in our Seattle downtown office.
These positions are responsible for examining regulated entities for solvency and compliance with laws, statutes, or regulations in accordance with National Association of Insurance Commissioners (NAIC) accreditation standards and Agency policies.
What we are looking for in a candidate:
Communication:
Ability to effectively communicate with coworkers, superiors, and auditees. Whether through email, phone calls, or face-to-face meetings, clear and concise communication helps to ensure that tasks are completed efficiently.
Problem-solving : Ability to think critically and find solutions to problems by taking initiative, being proactive, and coming up with solutions to challenges.
Teamwork : Collaborating and working well with a diverse group of individuals and contributing to group discussions that foster/create a positive work culture.
Time management : Ability to manage examiner's time effectively in meeting deadlines and staying organized. Ability to prioritize tasks and manage workload very productively and efficiently.
Leadership : Signs of leadership qualities. A self-starter candidate who is not afraid to take responsibility.
Flexibility/Adaptability : Willingness to learn new or alternative approaches and adapt to new situations in the workplace if necessary.
Benefits of joining the team:
OIC offers health, dental and vision insurance. Additionally, we offer paid time off and retirement benefits. Flexible and work from home arrangements: We offer flexible work schedules such as a four-day work week (e.g. four 10-hour days) and the option to work from home three days a week (This telework schedule, however, can be subject to change due to business needs). We offer opportunities for learning, development, and career advancement as a financial examiner. Work related travel: At times, financial examiners may travel to business conferences or to the insurance companies we exam in and out of the state. This affords employees the opportunities to forge connections with co-workers, financial examiners from other state insurance departments, the companies we audit and see new places.
If you're interested in a dynamic career that protects consumers' interests and promotes a healthy business environment in this state, please apply and become part of our dynamic team.
This recruitment may be used to establish a qualified pool of candidates for Financial Examiner 2 vacancies in the next sixty days.
These are Washington General Service positions. The monthly salary range for these positions is $5,643 - $7,589.
Additional premium pay of 5% will be applied to those positions with an official King County duty station.
AGENCY PROFILE AND VALUES
The Office of the Insurance Commissioner (OIC) operates under the direction of the state's Insurance Commissioner, a statewide elected official. Our mission is to provide consumer protection and regulation of the state's insurance industry.
With a workforce of approximately 265 employees, we are one of the smaller state agencies in Washington state government and are fortunate to have a stable funding source that does not rely on the state's general fund.
Because we are a small agency, you will truly get a chance to understand the 'big picture' of what we do and why we do it. You will also have a chance to get to know your co-workers.
We value diversity in the workplace. We challenge our employees to continuously improve the way we do business and to meet and exceed the needs of our customers.
To learn more about this agency, we invite you to visit our website at and listen to our employees talk about why they love working here.
BENEFITS OF WORKING FOR OIC
Washington State offers one of the most competitive benefits packages in the nation. We offer a great selection of
health
and
retirement plans
, paid leave, and compensation benefits for you and your family.
Additional Benefits:Wellness programs
.
Dependent care assistance
.
Washington State
Employee Assistance Program
.
Federal
Social Security
and Medicare systems.
Additional Leave;
Leave Sharing , Parental Leave , Family and Medical Leave Act (FMLA) , Leave Without Pay .
Deferred Compensation
(supplemental retirement plan).
Training and development opportunities, including tuition reimbursement.
Program for
Public Service Loan Forgiveness
( if applicable )
Free parking at our main office in Tumwater.
A stable funding source that does not rely on the state's general fund.
The fulfillment of public service.
Excellent work-life balance.
Flexible work schedules and telework opportunities.
Commitment to diversity in the workplace and support one another with respect and trust.
Free King County Orca Pass.DUTIESThe duties of these positions include, but are not limited to:
Review information, perform analyses, and obtain an understanding of the company, its processes, and key functional activities to be reviewed. Identify and obtain an understanding of company processes and internal controls in place to mitigate risks. Interview or confer with insurance company employees to collect information. Identify and assess inherent risk in activities and write risk statements specific for the company under examination. Document controls, review the design of controls, and test controls for operating effectiveness. Determine residual risk. Establish/conduct detailed examination procedures. Read, analyze, and examine filings, documents and other information. Review contracts and agreements, identify critical features and perform test work necessary to determine compliance. Assess financial condition, statement assertions, and compliance with laws, regulations, and standards. Prepare special analysis of financial condition of insurance companies admitted to or applying for admission to do business in Washington State.
QUALIFICATIONSRequired Qualifications :
You must meet one of the required qualification options listed and any additional qualifications included in the required qualifications section.
Option 1 : Six (6) years of qualifying professional experience in accounting or auditing.
Option 2:
An associate degree in accounting, finance, economics, business administration, or related field with 24 semester or 36 quarter hours in accounting AND four (4) years of qualifying professional experience defined in option 1.
Option 3:
A bachelor's degree in accounting, finance, economics, business administration, or related field with 24 semester or 36 quarter hours in accounting AND two (2) or more years of qualifying professional experience as defined in option 1.
Option 4:
A master's degree in accounting, finance, economics, business administration, or related field with 24 semester or 36 quarter hours in accounting OR certification as a Washington State Certified Public Accountant (CPA) AND one (1) year of qualifying professional experience defined in option 1. "Qualifying professional experience" is defined as experience auditing, analyzing, or preparing financial statements: balance sheet, income statement, cash flow statement, and notes thereto as an accountant, auditor, or examiner with a public accounting firm or as an accountant, internal auditor or external auditor or examiner of insurance companies, banks, savings and loan associations, municipalities, etc., state or federal or private entities.
In addition to the qualifications noted above, this position requires:
Intermediate skill level in Microsoft Excel and Word. Basic skill level in Microsoft Outlook.
Preferred/Desired
Experience with, or as a contractor for, a state insurance department working as an examiner, auditor, or financial analyst of insurance companies Designation as a Certified Financial Examiner (CFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE) Designation as an Accredited Financial Examiner (AFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE) An active, Certified Public Accountant (CPA) license granted by the Washington State Board of Accountancy, or another state with reciprocity with Washington State Other insurance or information systems related designations
SUPPLEMENTAL INFORMATIONHow to Apply : Applications for this recruitment will be accepted electronically. Please select the large green "apply" button at the top of this announcement. If you have not done so previously, you will need to set up an account profile.. click apply for full job details