Insurance Company Examiner Manager

State of North Carolina; North Carolina; Hybrid; USD 81,000 - 109,000; Full time

Benefits offered by this job

12 Annual paid Holidays

North Carolina State Health Plan (AETN

Supplemental Benefits including Flex.

NC State Retirement (TSERS)

WeSave Employee Discounts

Job summary

The North Carolina Department of Insurance seeks a seasoned Insurance Company Examiner Manager to license captives and regulate captive insurers’ solvency. The role involves public speaking at industry events and travel, with hybrid work including up to one remote day weekly.

The position leads a team of examiners conducting financial and market conduct examinations to ensure compliance with state laws and protect policyholders.

Qualifications

• Advanced knowledge of insurance regulation and accounting in SAP/GAAP is preferred.
• Strong analytical, communication and presentation skills.

Responsibilities

• Lead and manage the Insurance Company Examination team; supervise, train, mentor, and evaluate staff.
• Oversee financial and market conduct examinations from planning to reporting; ensure regulatory compliance.
• Review examination work products for quality, accuracy and consistency with laws and standards.
• Serve as liaison with insurance companies, regulators, and stakeholders; present findings and represent the Department at meetings.
• Provide strategic leadership by developing examination policies, monitoring regulatory changes and collaborating on multistate examinations.

Education

Bachelor’s degree

Job description

Agency

Dept of Insurance

Division

Company Services Group

Job Classification Title

Insurance Company Examiner Manager (NS)

Position Number

60013714

Grade

NC23

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: 60013714
Salary Recruitment Range: $ 81,620 - $109,118
Salary Grade: NC23

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.

Primary Purpose of the Position

The primary purpose of this position is to license captive insurers and regulate the financial solvency of captives licensed in North Carolina. The position involves frequent interaction with the management of the North Carolina Department of Insurance (NCDOI), captive insurers, captive service providers, and others in the captive industry.

Additionally, the position will be primarily responsible for assisting the Deputy Commissioner of the Division and other NCDOI management with the marketing and promotion of the North Carolina captive program, which requires public speaking at captive industry events and travel.

This position is expected to oversee the non-RRG captive insurance company operations of the Division in conjunction with the Deputy Commissioner and exercise independent judgment in performing assigned responsibilities. Work is performed under the general direction of the Deputy Commissioner of the Division.

This position manages a team of Insurance Company Examiners responsible for conducting complex financial and market conduct examinations of insurance companies to ensure compliance with North Carolina laws and regulations and to protect the interests of policyholders.

Key Responsibilities

• Lead and manage the Insurance Company Examination team by supervising, training, mentoring, and evaluating examiners; providing technical guidance; managing resources and budgets; and conducting performance appraisals.
• Direct and oversee financial and market conduct examinations from planning and scoping through fieldwork, report development, and resolution of examination findings, ensuring compliance with regulatory standards and departmental objectives.
• Review and ensure the quality of examination work products, including work papers, reports, and recommendations, for accuracy, completeness, consistency, and adherence to applicable laws, regulations, and examination standards.
• Serve as the primary liaison with insurance companies, regulatory agencies, and stakeholders by communicating examination findings, leading discussions regarding financial condition and compliance, preparing formal reports, and representing the Department at meetings, hearings, and conferences.
• Provide strategic regulatory and technical leadership by developing examination policies and best practices, monitoring changes in insurance laws, accounting standards, and industry trends, and collaborating on multistate examinations and investigations.

Knowledge Skills and Abilities/Management Preferences

• Advanced knowledge of insurance regulation and accounting, including Statutory Accounting Principles (SAP), Generally Accepted Accounting Principles (GAAP), North Carolina insurance laws, and applicable federal regulations.
• Comprehensive understanding of insurance company operations, products, financial statements, and financial condition analysis, with the ability to identify and evaluate regulatory and operational risks.
• Strong leadership and management skills, including the ability to lead, motivate, mentor, and develop professional staff while fostering a high-performing and collaborative work environment.
• Exceptional analytical, communication, and presentation abilities, with demonstrated expertise in problem-solving, critical thinking, and clearly conveying complex financial and regulatory information to diverse audiences.
• Technical and professional proficiency, including experience with financial analysis tools and Microsoft Office applications, willingness to travel as required, and possession of a Certified Financial Examiner (CFE) or comparable professional designation preferred.

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 and four years of experience in auditing insurance company operations or closely related accounting or auditing work; or, an equivalent combination of training and experience.

Benefits of NC State Employment:

We value our employees and offer a wide varietyof competitive and family-friendly benefits. Benefits include:

• 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:

Applications for positions requiring specific coursework must be accompanied by a copy of the applicant’s transcript.

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

• Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC, your academic credentials will be verified.
• 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.

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

EEO Statement

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.