Insurance Examiner-In-Charge

State of Vermont; Montpelier (VT); Hybrid; USD 75,000 - 110,000; Full time

Benefits offered by this job

80% State paid medical premium and a 


dental plan at no cost for employees &

Work/Life balance: 12 paid holidays

State Paid Family and Medical Leave (F

Two ways to save for retirement: DB +

Tuition Reimbursement

Flexible spending healthcare and child

Low cost group life insurance

Incentive-based Wellness Program

Public Service Student Loan Forgivness

Job summary

The Department of Financial Regulation in Vermont seeks an Insurance Examiner-In-Charge to lead examinations of traditional insurers, analyze financial condition, and ensure regulatory compliance. You will oversee exam activities, mentor junior staff, and prepare reports for senior leadership.

This senior role requires strong financial, analytical, and leadership skills, with the ability to travel and work both in-office and remotely.

Qualifications

• Graduate degree in Finance, Accounting, Business Administration, or a related field.
• Bachelor's degree and four or more years of experience at a technical level in accounting, auditing, or financial examination, including two+ years in insurance operations and supervisory responsibilities.
• One year as an Insurance Examiner III.

Responsibilities

• Plan, organize, and execute examination activities and monitor progress.
• Assign and review work performed by other examiners to meet timelines.
• Prepare examination reports and communicate findings to management.
• Provide mentorship and direction to junior examiners to develop procedures.
• Lead or conduct examinations with a risk-focused approach on governance, controls, and compliance.

Education

Graduate degree in Finance, Accounting, Business Administration, or a related field

Bachelor's degree and 4+ years in accounting, auditing or financial examination including 2+ years in insurance operations and supervisory responsibilities

One year as an Insurance Examiner III

Job description

Overview

The Department of Financial Regulation has an exciting and challenging opportunity for an Insurance Examiner In-Charge (EIC) in the Insurance Division. We are seeking a self-motivated, organized, professional with a strong financial background, strong analytical abilities and strong time management, communication, and critical thinking skills, and a polished, dependable demeanor.

Working under minimal supervision, the EIC leads or independently conducts examinations and ongoing analysis of traditional insurance companies. Utilizing a risk-focused approach on examinations, the examiner will lead the examination to perform testing and evaluation of insurance companies' business processes and controls, including corporate governance, strategy, financial reporting and regulatory compliance to ensure the insurance company is able to meet its obligations and compliant with laws and regulations. Serving as the primary point of contact for each assigned examination, the EIC ensures that all phases of the examination process are conducted in accordance with state laws, regulations, NAIC guidelines, and established departmental procedures. Ongoing analysis is risk focused and provides continuous off-site monitoring of the insurer's financial condition by reviewing quarterly financial statements and other required filings for trends and solvency related concerns.

The role involves planning, organizing, executing examination activities; assigning and reviewing work performed by other examiners, monitoring progress, and ensuring that examination objectives are met within established timelines. This role requires advanced analytical skills to identify material risks, assess financial condition, evaluate corporate governance practices, and determine the adequacy of insurer controls and compliance. The EIC prepares or oversees the preparation of examination reports and communicates findings to company management and department leadership. The EIC serves as a technical resource within the division, offering mentorship and direction to junior examiners contributing to the development and enhancement of procedures and best practices.

As a senior technical resource, the EIC provides mentorship, guidance, and training to examiners at all levels, contributes to process improvements, and supports the department's mission to maintain a solvent and fair insurance marketplace. This position requires sound professional judgment, strong leadership capabilities, and deep expertise in insurance accounting, regulatory requirements, and examination methodologies.

Who May Apply

This position, Insurance Examiner-In-Charge (Job Requisition #55980), is open to all State employees and external applicants.

Please Note: This position is being recruited at multiple levels. If you would like to be considered for more than one level, you MUST apply to the specific Job Requisition.

Insurance Examiner II: 55978

Insurance Examiner III: 55979

Insurance Examiner-In-Charge: 55980

If you would like more information about this position, please contact [e-mail]

Please note that multiple positions in the same work location may be filled from this job posting.

Environmental Factors

Work is performed primarily in a normal office setting and/or remotely and may require travel to insurer offices in or outside of the State of Vermont. Work hours may vary according to examination and workload needs.

Minimum Qualifications

Graduate degree in Finance, Accounting, Business Administration, or a related field AND two (2) or more years of experience at or above a technical level in accounting, auditing, or financial examination, INCLUDING two (2) or more years involving insurance operations and supervisory responsibilities.

OR

Bachelor's degree AND four (4) or more years of experience at or above a technical level in accounting, auditing, or financial examination, INCLUDING two (2) or more years involving insurance operations and supervisory responsibilities.

OR

One year as an Insurance Examiner III.

Preferred Qualifications

AFE (Accredited Financial Examiner), CFE (Certified Financial Examiner), or CPA (Certified Public Accountant) designations.

Special Requirements

As appropriate for the regulatory role of this position: Employees involved with financial examinations will be required to obtain the CFE designation within 48 months of employment.

Total Compensation

As a State employee you are offered a great career opportunity, but it's more than a paycheck. The State's total compensation package features an outstanding set of employee benefits that are worth about 30% of your total compensation, including:

• 80% State paid medical premium and a dental plan at no cost for employees and their families
• Work/Life balance: 12 paid holidays each year and a generous leave plan
• State Paid Family and Medical Leave Insurance (FMLI)
• Two ways to save for your retirement: A State defined benefit pension plan and a deferred compensation 457(b) plan
• Tuition Reimbursement
• Flexible spending healthcare and childcare reimbursement accounts
• Low cost group life insurance
• Incentive-based Wellness Program
• Qualified Employer for Public Service Student Loan Forgiveness Program

Want the specifics? Explore the Benefits of State Employment on our website.

Equal Opportunity Employer

The State of Vermont celebrates diversity, and is committed to providing an environment of mutual respect and meaningful inclusion that represents a variety of backgrounds, perspectives, and skills. The State does not discriminate in employment on the basis of race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, membership in an employee organization, family medical history or genetic information, or family or parental status. The State's employment decisions are merit-based. Retaliatory adverse employment actions by the State are forbidden.