Financial Examiner - EIC

Risk & Regulatory Consulting LLC; Town of Texas (WI); Hybrid; USD 94,000 - 179,000; Full time

Job summary

Risk & Regulatory Consulting, LLC (RRC) seeks a seasoned Financial Examiner, EIC to lead risk-focused financial examinations for state insurance departments. The role involves supervising examination teams, evaluating solvency, and ensuring regulatory compliance across multiple insurance clients.

With over 10 years of experience, you will interpret laws, draft clear reports, and guide clients through regulatory changes.

Qualifications

• Bachelor's Degree in Accounting or Finance; MBA and/or professional certification preferred.
• Minimum 10+ years’ experience as a financial examiner serving as EIC on exams of significant size and complexity.
• Insurance industry experience is a must.
• CFE is a must, CPA or CPA candidate, and/or CIA or CIA Candidate a plus.
• PC skills including TeamMate, ACL/Access, and MS Excel, Word and PowerPoint.
• Strong interpersonal, presentation, analytical and examination/audit skills.

Responsibilities

• Perform risk focused financial examinations to determine solvency and compliance to statutes on behalf of Risk & Regulatory Consulting LLC insurance clients.
• Perform reviews of examination work papers and evaluate insurance company operations.
• Serve as Examiner-In-Charge on examinations of significant size and complexity.
• Ensure the integrity of the regulatory system.
• Assist with the preparation of reports, exhibits, and other supporting schedules detailing solvency and compliance.

Skills

Interpersonal skills

Analytical skills

Presentation skills

Audit/examination

Education

Bachelor's Degree in Accounting or Finance

MBA

CFE certification

CPA or CPA candidate

CIA or CIA Candidate

Tools

TeamMate

ACL/Access

MS Excel

Word

PowerPoint

Job description

We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, culture and talent experience and our ability to be compelling to our clients. You’ll find an environment that inspires and empowers you to thrive both personally and professionally. There’s no one like you and that’s why there’s nowhere like RSM.

Position Overview

The Financial Examiner, EIC will primarily perform financial examinations and regulatory consulting services for state insurance departments. This position has significant opportunity for advancement as well as personal and professional growth.

Specific Duties and Responsibilities

• Perform risk focused financial examinations to determine solvency and compliance to statutes on behalf of Risk & Regulatory Consulting LLC insurance clients.
• Perform reviews of examination work papers and evaluate insurance company operations.
• Serve as Examiner-In-Charge on examinations of significant size and complexity.
• Ensure the integrity of the regulatory system.
• Assist with the preparation of reports, exhibits, and other supporting schedules that detail a company's solvency, condition and compliance with laws and regulations, and recommend solutions to questionable financial conditions.
• Responsible for timely submission of draft reports for review.
• Recommend/document actions to ensure compliance with laws and regulations, or to protect solvency of the company.
• Provide knowledge and guidance of insurance laws, rules, and regulations.
• Review and analyze new, proposed, or revised laws, regulations, policies, and procedures in order to interpret their meaning and determine impact to the company.
• Analyze financial operating statements, reports, and records relating to specific and overall operations of insurance companies; prepare and supervise writing of clear, complete, concise, and informative reports of financial conditions of insurance companies and health care organizations.
• Consistently enhance knowledge of: principles, practices, techniques, and methods of accounting and auditing; insurance examination and regulation; insurance laws and Insurance Commissioner's rulings; and related Attorney General opinions and court decisions; insurance company practices; statistical sampling procedures; basic actuarial mathematics; principles and practice of effective supervision, insurance companies and health care organizations.

Requirements

• Bachelor's Degree in Accounting or Finance; MBA and/or professional certification/s preferred.
• Minimum 10+ years’ experience as a financial examiner serving as EIC on exams of significant size and complexity.
• Insurance industry experience is a must.
• Certified Financial Examiner (CFE) is a must, CPA or CPA candidate, and/or Certified Internal Auditor (CIA) or CIA Candidate a plus.
• PC skills, including experience in using software for producing presentations, spreadsheets, and project planning (skilled in TeamMate, ACL/Access, and MS Excel, Word and Power Point).
• Strong interpersonal, presentation, analytical and examination/audit skills.
• Excellent organizational skills and the ability to prioritize multiple tasks, projects and assignments using effective time management skills.
• Strong written and verbal communication skills are required.
• Dynamic/flexible demeanor with exceptional client service skills.
• Must be self‑motivated, work well independently and possess a sense of urgency.
• Skilled in team building and team development.
• Work from home with flexibility to travel.
• Ability to demonstrate ethical and professional standards as outlined by the Firm.

Company Information

Risk & Regulatory Consulting, LLC (RRC) was formerly a business segment of RSM US LLP (formerly McGladrey) until 2012 when the separate legal entity was formed. RRC is a strategic business partner with RSM providing actuarial and insurance industry consulting services to RSM clients. Risk & Regulatory Consulting, LLC (RRC) is a national, leading professional services firm dedicated to providing exceptional regulatory services to clients. With over 100 experienced insurance professionals located in 22 states, we believe RRC is uniquely positioned to serve state insurance departments. We offer services in the following regulatory areas: financial examinations, market conduct examinations, insolvency and receiverships, actuarial services and valuations, investment analysis, reinsurance expertise, market analysis and compliance, and special projects.

We are a results oriented firm committed to success that builds long term relationships with our clients. RRC is managed by eight partners and our practice includes full time professionals dedicated to our regulatory clients. We are focused on listening to your needs and designing customized examination, consulting, and training solutions that address your needs. We bring multiple service lines together to provide superior and seamless service to our clients. We are committed to training our customers and our team. We have developed various comprehensive in house training programs that have been tailored to meet the needs of our regulatory clients. We offer competitive pricing, outstanding experience, credentials and references. RRC is an active participant in the NAIC, SOFE, and IRES.

At RSM, we offer a competitive benefits and compensation package for all our people.We offer flexibility in your schedule, empowering you to balance life’s demands, while also maintaining your ability to serve clients.Learn more about our total rewards at https://rsmus.com/careers/working-at-rsm/benefits.

Equal Opportunity & Accommodations

All applicants will receive consideration for employment as RSM does not tolerate discrimination and/or harassment based on race; color; creed; sincerely held religious beliefs, practices or observances; sex (including pregnancy or disabilities related to nursing); gender; sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past, current or prospective service in the US uniformed service; US Military/Veteran status; pre-disposing genetic characteristics or any other characteristic protected under applicable federal, state or local law. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/partnership.RSM is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application, interview, or otherwise participate in the recruiting process, please call us at 800-274-3978 or send us an email at [e-mail]. RSM does not intend to hire entry level candidates who will require sponsorship now OR in the future (i.e. F-1 visa holders). If you are a recent U.S. college / university graduate possessing 1-2 years of progressive and relevant work experience in a same or similar role to the one for which you are applying, excluding internships, you may be eligible for hire as an experienced associate. RSM will consider for employment qualified applicants with arrest or conviction records. For those living in California or applying to a position in California, please click here for additional information.

Compensation

Compensation Range: $94,400 - $178,800. Individuals selected for this role will be eligible for a discretionary bonus based on firm and individual performance.

Why work at RSM?

At RSM, we accomplish meaningful work and make an impact on the world around us. We work hard to fully understand our clients and work even harder to understand and identify your unique skills. We celebrate the differences among us and empower our talented professionals to grow forward, both personally and professionally. Our clients benefit from fresh insights and energy as we collaborate to support them, and our teams enjoy a work environment that inspires and empowers them to thrive.

Talent Community

Not ready to apply yet? Join our Talent Community