CHIEF INSURANCE EXAMINER

State of Nevada; Carson City (NV); On-site; USD 110,000 - 145,000; Full time

Benefits offered by this job

Health Insurance

Vacation

Sick Leave

Holidays

PERS Retirement

Deferred Compensation

No State Income Tax

Public Service Loan Forgiveness

Longevity Pay

Job summary

The Department of Business and Industry's Division of Insurance in Carson City seeks a Chief Insurance Examiner to supervise Insurance Examiners, oversee market conduct examinations, develop training materials, and ensure timely completion of duties.

Requires a bachelor's in accounting/finance/related field with four years of supervisory experience, or two years as Insurance Examiner II or Actuarial Analyst II in Nevada, or an equivalent combination of education and experience.

Qualifications

• Bachelor's in accounting/business/finance and 4 years supervisory/management in insurance audits/examinations or product analysis.
• OR 2 years as Insurance Examiner II or Insurance Actuarial Analyst II in Nevada service.
• Equivalent combination of education and experience as described above.

Responsibilities

• Supervise market conduct examinations and staff.
• Develop training materials and ensure staff complete duties on time.
• Analyze actuarial and statistical data for rates and compliance with state laws.
• Plan and coordinate HIPAA, Reinsurance Program, and related committee activities.
• Review licensing applications, reinsurance treaties, and audits for compliance.
• Represent the division to industry, state and federal agencies, and legislature.

Skills

Supervisory experience

Insurance examinations

Regulations knowledge

Financial analysis

Stakeholder communication

Education

Bachelor's degree in accounting, business administration, finance or related field

Job description

• No Nevada state income tax.

Job Summary

The Department of Business and Industry is hiring to fill a Chief Insurance Examiner position within the Corporate & Finance-Market Conduct section of the Division of Insurance in Carson City. The incumbent will supervise market conduct examinations and performance of market analysis in accordance with policies and procedures. Insurance Examiners perform professional work in verification and analysis of the financial condition/solvency and market conduct examination of providers of insurance and related products in the State. The Chief Insurance Examiner will provide daily supervision for the Insurance Examiners of the Market Regulation section, develop training materials, and ensure staff complete all assigned duties in a professional manner to meet deadlines.

Essential Qualifications

Bachelor's degree from an accredited college or university in accounting, business administration, finance or related field, and four years of supervisory and/or management level experience which involved 1) the audit or examination of insurance companies and their operations; 2) the examination and/or analysis of insurance companies' products and programs that required the application of statutes, regulations and rules to determine the solvency and tax structure of insurance companies; or 3) determination of the appropriateness and soundness of insurance companies' products and programs; OR two years of experience as an Insurance Examiner II or Insurance Actuarial Analyst II in Nevada State service; OR an equivalent combination of education and experience as described above.

Job Duties

• Analyze actuarial and statistical data to determine the appropriateness of insurance rates and compliance with State laws.
• Prepare rate recommendations based on staff analysis and the analysis of consulting actuaries and examiners, and prepare and coordinate testimony for hearings on rates.
• Plan and coordinate the activities of the Health Insurance Portability Accountability Act (HIPAA) Committee on Health Benefit Plans, the Board of Directors for the Reinsurance Program, and the administrator of the Reinsurance Program as assigned.
• Determine companies to be reviewed and plan the scope of the examinations; assign actuarial examiners for the investigation and examination of company data; direct the review and processing of licensing applications, reinsurance treaties, and ongoing audits of insurance companies to ensure compliance with applicable rules, regulations and laws.
• Review and examine accounting and financial record keeping as well as past activities and practices of insurance companies; develop conclusions regarding company solvency and ability to meet licensing requirements in Nevada.
• Meet with representatives of the insurance industry including agents, brokers, administrators, industry associations, and company executives to explain new and existing laws and regulations regarding health insurance, sales and marketing activities, and consumer rights.
• Assign product review projects to staff as appropriate and monitor progress and outcome of the reviews.
• Respond to requests and inquiries from the industry, the public, federal and State agencies, and the legislature regarding market trends and activities by researching issues, analyzing available data, formulating recommendations for agency position and actions, preparing advisory opinions, communicating findings and determinations, and initiating necessary actions.
• Propose and draft legislation, regulations, bulletins and opinions for consideration by the Insurance Commissioner and the legislature.
• Provide direction on complex consumer complaints and enforcement actions involving insurance products and market practices and serve as an expert witness in disciplinary hearings and contested cases.
• Represent the division at meetings and conferences with the industry, other State and federal regulatory agencies, and the legislature; prepare and deliver presentations on industry and regulatory subjects.
• Supervise and evaluate the performance of assigned professional and support personnel; review and modify work assignments; counsel and discipline staff as appropriate; participate in hiring and selection of new personnel; identify training needs and provide training as appropriate.
• Perform related duties as assigned.

Knowledge, Skills, And Abilities

Detailed knowledge of: insurance practices under which insurance companies, agents and brokers operate; insurance coverage, terms and industry practices; federal statutes and regulations pertaining to insurance; insurance risk analysis, rating systems, rating plans and rate making, and classification; organization and operation of insurers, health maintenance organizations, agents, brokers, administrators and other licensees; accounting principles and financial accounting standards applicable to the insurance industry; National Association of Insurance Commissioners handbook.

Working knowledge of: supervisory techniques including selection, training, work assignment and review, development of work performance standards, discipline, and performance evaluation; source materials and guidelines used to resolve problems not covered by precedent.

Ability to: supervise and coordinate the work of subordinate staff; establish work performance standards and review employee performance; interpret and apply legal requirements and insurance industry practices to financial records, operating procedures and business operations; coordinate work of assigned staff and examiners and provide direction in the examination and analysis of insurance companies or their products and programs; analyze reinsurance treaties for propriety and soundness; review articles of incorporation, by-laws, etc. to ensure compliance with Insurance Code and Regulations; interpret legal and technical documents; mediate disputes between insurers, agents, examiners and investigators; analyze operating trends to determine underlying causes of changes in capital and surplus accounts or changes in the losses and expenses of insurers; lead and participate in special projects; conduct research, analyze data, draw conclusions and develop solutions and recommendations; communicate effectively both orally and in writing; develop and evaluate programs; train, supervise and evaluate the performance of assigned personnel; establish program objectives and performance goals; represent the division within and outside the agency; make oral presentations to groups of various size to gain support for agency program goals and to explain rules and regulations; and establish and maintain effective and cooperative working relationships with others.

The State of Nevada is an equal opportunity employer dedicated to building diverse, inclusive, and innovative work environments with employees who reflect our communities and enthusiastically serve them. All applicants are considered without regard to race, color, national origin, religion or belief, age, disability, sex, sexual orientation, gender identity or expression, pregnancy, domestic partnership, genetic information (GINA), or compensation and/or wages.

Benefits Include

• Health Insurance: Medical, dental, life, and disability insurance programs for employees and their dependents/family are offered through the Public Employees’ Benefits Program (PEBP).
• Vacation: Accrual of three weeks of annual leave each year.
• Sick Leave: Accrual of three weeks of sick leave each year.
• Holidays: 12 paid holidays per year.
• Retirement: Participation in the Nevada Public Employees Retirement System (PERS). Employees do not contribute to Social Security but will contribute to PERS if their position is at 50% or more full-time equivalency. For more information on how PERS service may impact Social Security benefits, visit the SSA publication.
• Deferred Compensation: The State offers a voluntary Deferred Compensation Program.
• No Nevada state income tax.
• Public Service Loan Forgiveness: Eligible due to public sector employment.
• Longevity Payments Eligibility: Employees who have received a performance rating of “standard” or better and have completed eight (8) or more years of continuous service are eligible for longevity pay.

Additional benefits

may apply to employees covered under a Collective Bargaining Agreement (CBA), depending on their designated bargaining unit. For more information, visit the Labor Relations Unit (LRU).

For more details about your rights and responsibilities as a State of Nevada employee, please review the State of Nevada Employee Handbook (PDF).

State Holidays

State Holidays The holiday schedule for State employees is established by the Legislature.

The Following Are Legal Holidays

• January 1.............................................. New Year's Day
• Third Monday in January.................. Martin Luther King, Jr.'s Birthday
• Third Monday in February................ Washington’s Birthday
• Last Monday in May........................... Memorial Day
• June 19................................................ Juneteenth Day
• July 4.................................................... Independence Day
• First Monday in September.............. Labor Day
• Last Friday in October....................... Nevada Day
• November 11........................................ Veterans' Day
• Fourth Thursday in November........ Thanksgiving Day
• Friday following the Fourth Thursday in November...................... Family Day
• December 25........................................ Christmas Day

When January 1, June 19, July 4, November 11, or December 25 falls on a Saturday, the preceding Friday is the observed legal holiday. If these days fall on Sunday, the following Monday is the observed holiday. Eligibility for holiday pay is covered by the provisions of NAC 284.255