Insurance Company Examiner I

Insurance; North Carolina; Hybrid; USD 48,000 - 72,000; Full time

Benefits offered by this job

12 Annual paid Holidays

State Health Plan administered by AETN

Flexible Spending Accounts

WeSave Employee Discounts

NC State Retirement (TSERS)

Job summary

The North Carolina Department of Insurance is seeking an Insurance Company Examiner I (NS) to monitor the financial solvency of regulated entities and assess compliance with accounting standards. You will use financial analysis to form opinions on each entity's health and propose corrective actions where needed.

This role is in the Special Entities Division and offers a hybrid work arrangement with some remote days.

Qualifications

• Experience with financial statements, ratios and journal entries.
• Ability to document facts, findings, conclusions and recommendations.
• Strong written and oral communication skills and independent work style.

Responsibilities

• Determine if regulated entities comply with laws, regulations and GAAP.
• Render an opinion on the financial health of each entity and recommend corrective actions.
• Evaluate applications and filings such as licensing, expansions, changes of control, mergers, waiver requests and management agreements.

Skills

Financial analysis

Financial statements

Financial ratios

Journal entries impact

Documentation of findings

Time management

Written and verbal communication

Education

Bachelor's degree with accounting courses

CPA exam readiness / requirements

Job description

Agency Dept of Insurance Division Administration Job Classification Title Insurance Company Examiner I (NS) Position Number 60013658 Grade NC12

About Us

The mission of the North Carolina Department of Insurance is to promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect. Our agency licenses insurance agents, adjusters, bail bondsmen and more, along with investigating fraud matters involving insurance consumers and any entity or individual regulated by the Department. In an ever-changing environment, it is the vision of the Department of Insurance to maintain the stabilization of the insurance industry in order to provide more products, competitive prices and consumer protection.

Description of Work

Position number: 60013658 Salary Recruitment Range :$47,703 – $71,770 Salary Grade: NC12. The posting will close at 11:59 p.m. the night before the closing date. This position currently qualifies for a hybrid telework option with routine office and up to one remote workday per week. The NC Department of Insurance trusts our employees to be self‑motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management. This is a key position in the Special Entities Division.

Using financial analysis systems and procedures, this employee will monitor and analyze the financial solvency of CCRCs, PEOs, SIWCs, and other regulated entities to protect North Carolina consumers by conducting the following:

• Determine if regulated entities are maintaining compliance with applicable laws, regulations, procedures, and generally accepted accounting principles as required by this State.
• Render an opinion on the financial health of each assigned regulated entity and recommend any appropriate corrective actions.
• Evaluate regulated entity applications and other filings such as initial licensing, facility expansions, changes of control, mergers or combinations, waiver requests, and management agreements, which require the approval of the Commissioner.

This employee will have the opportunity to interact with people at all levels within the regulated entities as well as within the Department of Insurance. The work is guided by State laws and regulations and Departmental policies and procedures.

Knowledge, Skills and Abilities / Management Preferences

Experience with and a basic knowledge of financial statements, financial ratios, and the impact of journal entries on financial statement components. Experience documenting facts, findings, conclusions, and recommendations. Experience working both independently and collaboratively with a team. Experience managing time effectively to ensure that multiple projects are completed in timely manner. Strong written and oral communication skills.

Minimum Education and Experience

Some state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience, OR a combination of both. See the Education and Experience Equivalency Guide for details. Bachelor's degree from an appropriately accredited college or university, with the appropriate courses in accounting as defined in 21 NCAC 8A.0309 and other courses required to qualify as a candidate for the uniform certified public accountant examination, based on the examination requirements in effect at the time of graduation.

Benefits of NC State Employment

• 12 Annual paid Holidays
• North Carolina State Health Plan administered by AETNA
• Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement (TSERS)
• WeSave Employee Discounts Learn more about employee perks/benefits: Why Work For NC? NC OSHR: Benefits Supplemental and Contact Information:

Equal Employment Opportunity

The Department of Insurance is anEqual Employment Opportunityemployer and uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals.

The State of North Carolina is an Equal Employment Opportunity Employer and dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy, childbirth, or related medical conditions; and for religious beliefs, observances, and practices.

Application Information

To receive credit for your work history and credentials, you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit. ***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy***.

Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.

Applicants seeking Veteran's Preference under N.C.G.S .126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date.

Applicants may check the status of your application for a vacancy at any time by logging in to the government jobs system. Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.

For more information about NCDOI: http://www.ncdoi.gov/

State Application Resources / Frequently Asked Questions

Valuing Education and Experience The State of North Carolina values the knowledge and experience of our jobseekers and current state employees. Approximately 91 percent of state job classifications allow experience to be substituted for education or do not require a post‑secondary degree. Learn more about how you may qualify for a position through education or directly related experience, or a combination of both, with the Education and Experience Equivalency Guide. All job postings close at 11:59pm the night before the End Date on the posting.