Accounting Careers Trainee

State of Connecticut - Department of Insurance; Hartford (CT); On-site; USD 67,000 - 75,000; Full time

Job summary

The State of Connecticut - Department of Insurance in Hartford, CT is recruiting an Accounting Careers Trainee with a defined training path toward Insurance Examiner (Examination and Market Conduct). The program lasts 1–2 years depending on education, with on-site work during the initial period and telework options after successful completion of the training period.

The role sits in the Financial Regulation Division, Financial Analysis Unit, and focuses on learning financial analysis of domestic

Qualifications

• Contains accounting and auditing knowledge essential for entry level professional work.
• Requires ability to apply math and statistics to financial data and regulatory reports.
• Requires basic IT literacy and ability to use standard business software to prepare analyses.

Responsibilities

• Receive training in introductory accounting or auditing to develop essential skills.
• Perform progressively challenging duties as skills grow during training.
• Examine financial records to ensure compliance with laws and regulations.
• Assist in maintaining financial records, statements, and budget estimates as needed.
• Support the progression path toward Insurance Examiner roles.

Skills

Accounting principles

Auditing

Math & statistics

IT basics

Report writing

Reading comprehension

Computer software

Education

Bachelor's degree in accounting

Job description

Introduction

The State of Connecticut, Connecticut Insurance Department (CID), is currently recruiting for one (1) Accounting Careers Trainee position with a target class of Insurance Examiner (Examination and Market Conduct).

What We Can Offer You

• Professional growth and development opportunities.
• A healthy work/life balance to all employees.

Position Highlights

• Full Time, 40 hours per week
• Location: Hartford, CT
• Monday - Friday, 8:00 AM - 4:30 PM�

This position is eligible to apply for telework after successful completion of the working test period, and thereafter, in accordance with the Telework Policy. The Policy can be found here. Employees in their initial working test period must work on site in the office.�

The Role

The Financial Regulation Division, Financial Analysis Unit, is responsible for performing financial analysis of domestic insurance companies. The Accounting Careers Trainee will be trained on all aspects of financial analysis.

The target class of Insurance Examiner (Examination and Market Conduct) will be able to perform these duties somewhat independently, under supervision.

NOTE: As an Accounting Careers Trainee, you will be a part of a 1- or 2-year training program depending on your level of education.�

The length of the training program is 2 years for individuals with a bachelor’s degree in accounting or in a closely related business field with at least 15 semester hours in accounting.�

The length of the training program is 1 year for individuals with a master’s degree in accounting or in a closely related business field with at least 15 semester hours in accounting.�

The length of the training program for an individual who earns a master’s degree in accounting or in a closely related business field with at least 15 semester hours in accounting while assigned to this classification is 1 year from the date the master’s degree is conferred or the end of the original 2-year training period, whichever comes first.

Career progression pathway within the State of Connecticut, starting with Accounting Careers Trainee (current opening), advancing to Insurance Examiner (Examination and Market Conduct), then Insurance Associate Examiner, and ending with Insurance Principal Examiner. A slogan on the left reads ‘Start, Stay, Grow, with the State of Connecticut.'

Salary & Hiring Rate

• Minimum Requirements
• Hiring Rate
• Completion of 1 Year of Training

Bachelor's degree with at least 15 semester hours in accounting and/or qualifying experience

• $67,460/year
• $70,542/year

Bachelor's degree with at least 30 semester hours in accounting

• $69,521/year
• $72,661/year

Master's degree in a related field with at least 15 semester hours in accounting

• $71,606/year
• $74,843/year

About Us

Our mission at the State of Connecticut, Connecticut Insurance Department (CID) is consumer protection. The department carries out its mission by enforcing state insurance laws to ensure policyholders are treated fairly, by providing assistance, outreach, and education to help consumers make sound choices, and by regulating the industry in a fair and consistent manner that fosters market competition for the availability of insurance.

Examples of Duties

• Receives training in introductory accounting or auditing work for development of skills and knowledge in order to qualify for advancement into a professional agency accounting or auditing position;
• Performs a variety of increasingly difficult duties as skills are acquired during the course of the training period;
• Examines financial records of governmental or private businesses and accounting methods and procedures to ensure compliance with statutes, regulations, guidelines or accepted accounting principles;
• May receive training in such areas as maintaining financial records and accounts, establishing financial statements and schedules, and preparing budget estimates;
• Performs related duties as required.

Knowledge, Skill and Ability

• Knowledge of accounting and auditing principles and practices;
• business mathematics and statistics;
• business uses of information technology;
• effective report writing;
• Ability to read and understand written materials;
• utilize computer software.

Minimum Qualifications

Candidates must be able to meet the experience and training requirements of the designated job class at the completion of the development program.

Preferred Qualifications

• Possession of a bachelor’s degree with a concentration in accounting
• Experience or coursework involving audits and risk principles
• Experience or coursework in reading, analyzing, and evaluating information in order to reach a conclusion
• Experience or coursework in writing a report
• Experience or coursework where teamwork and collaboration were necessary

Conclusion

The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.

Selection Plan

This employer may participate in E‑Verify and will provide the federal government with your Form I‑9 information to confirm work authorization.

Acknowledgement

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all-inclusive of every task and/or responsibility.