Financial Regulator I

State-of-Utah; Salt Lake City (UT); Hybrid; USD 40,000 - 62,000; Full time

Benefits offered by this job

Full benefits package

Hybrid work model

Job summary

The Utah Insurance Department is seeking a Financial Regulator I to join the Insurance Financial Regulation team in a hybrid work setting in Utah. The role supports obtaining AFE and CFE designations and involves examinations and analyses of insurance company finances to ensure compliance with financial regulations.

Minimum qualifications include a bachelor’s degree in relevant fields and a commitment to earn the CFE designation within five years.

Qualifications

• Bachelor’s degree in accounting, economics, business, finance, insurance, or actuarial science.
• Commitment to earn CFE designation within 5 years of hire.
• Office setting with standard physical requirements.

Responsibilities

• Identify solvency risks and assess financial stability of insurers.
• Ensure compliance with NAIC standards and accounting rules.
• Evaluate holding company applications and impact on financial stability.
• Review external reports, ORSA, and intercompany transactions.
• Analyze financial data, reserves, and risk models.

Skills

Financial analysis

Regulatory compliance

Audit experience

Accounting knowledge

Education

Bachelor’s degree in accounting/economics/business/finance/insurance/actuarial science

Job description

Financial Regulator I

Join the Insurance Financial Regulation team and obtain your Accredited Financial Examiner (AFE) and Certified Financial Examiner (CFE) designations. We are seeking individuals with financial audit or financial statement analysis experience to conduct thorough examinations and/or analyses of insurance companies to ensure compliance of financial regulations.

Job Details

FT / PT Status – Full-Time
Benefits Eligibility – This position is eligible for a full benefits package.
Salary – $29.28 - $45.18 Hourly Wage
Remote Work / In-Office – Hybrid
Application Deadline – November 15, 2026*

*This job posting may close at any time after the minimum advertising period of three (3) business days has passed, should a sufficient applicant pool be received. Applicants are encouraged to apply as early as possible.

Key Responsibilities

Main Job Responsibilities

• Solvency & Risk Assessment: Identify, assess, and evaluate solvency risks and prospective financial stability for current domestic and prospective insurance companies.
• Regulatory Compliance: Determine insurer compliance with over 2,000pages of specialized insurance accounting laws, rules, standards, StatutoryAccounting Principles, and National Association of InsuranceCommissioners (NAIC) accreditation standards.
• Application & Holding Company Oversight: Assure compliance for new-company and re-domestication applications, including assessing the impact of holding company systems on an insurer's financial stability.
• Regulatory Recommendations: Identify significant solvency risks, report findings, and make formal recommendations for regulatory action ornegotiated resolutions of non-compliance issues.

Day-to-Day Job Functions

• External Report Reviews: Conduct ongoing reviews of external reportsfiled with the Department, including quarterly and annual statements (oftenhundreds of pages long), holding company filings, and Own Risk andSolvency Assessments (ORSA).
• Transaction & Special Request Analysis: Review and evaluate requests forintercompany transactions, permitted practices, surplus note and interestpayments, extraordinary dividends, Form A filing, primary/re-domestication applications following specific procedures and deadlines.
• Financial & Risk Modeling Evaluation: Analyze financial data, pro formaprojections, risk-based capital models, investment risks, and actuarialestimates for reserving.
• Framework & Operations Assessment: Work independently or in teams to evaluate corporate governance structures, risk management frameworks, internal and external audit functions, investments, reinsurance, and counterparty risks.
• Documentation & Reporting: Summarize data, interpret results, write or draft correspondence, and prepare documentation to support regulatory findings and resolutions.

Qualifications

Minimum Qualifications

• Education Requirement: A bachelor's degree in accounting, economics,business, finance, insurance, or actuarial science to meet the education requirement forSociety of Financial Examiners (SOFE) designations.
• Professional Certification: Obligation to earn a Certified FinancialExaminer (CFE) designation within 5 years of hire (coursework is providedthrough the Society of Financial Examiners / SOFE).
• Physical & Environmental Capability: Perform work in a standard officesetting, with standard physical requirements (sitting comfortably, lightwalking, standing, bending, carrying light items, driving).

Preferred Qualifications

• Accounting & Regulatory Expertise: Knowledge in Statutory AccountingPrinciples, insurance laws, and NAIC accreditation standards.
• Specialized Financial Analysis Skills: Experience evaluating complexfinancial statements, risk-based capital models, actuarial reserveprojections, holding company structures, and reinsurance and counterpartyrisks.

About the Role

Location – Taylorsville State Office Building
4315 S 2700 W
Taylorsville, Utah, 84129
United States
Background Check Required – Yes
Drug Test Required – No
Schedule Code – B - Competitive Career Service

Why You Should Join Our Team

In Utah, we believe hard work is important, but balance is essential. Finding work/life balance is a vital element to our culture. To find out more about WHY Utah, click here. Other benefits may include:

• Job Stability: Enjoy the security and reliability of employment within a well-established organization.
• Career Growth: Develop valuable skills and gain opportunities for leadership within a large organization.
• Meaningful Work: Contribute to an important service that benefits the community and supports organizational goals.
• Supportive Work Environment: Be part of a team that values cooperation, strong work ethics, and mutual support.

The Agency

The Utah Insurance Department is part of the U.S. insurance regulatory framework, which is a highly coordinated state-based national system designed to protect policyholders and to serve the greater public interest through the effective regulation of the U.S. insurance marketplace. To read more about the Utah Insurance Department, click here.

EEO Statement

The State of Utah is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements. For accommodations, please contact [phone].