Job Description

Description

This recruitment will remain open until the position is filled. The agency reserves the right to make a hiring decision at any time after the initial screening date on August 29, 2023. It is in the applicant\'s best interest to submit materials as soon as possible.

OIC CAREER OPPORTUNITY

The Office of the Insurance Commissioner\'s (OIC) Financial Exams Unit is seeking a motivated and qualified individual to fill one permanent Financial Examiner 4 position in the Company Supervision Division, located in our office.

As a senior financial examiner, this position plans, conducts and supervises financial examinations of nationally significant and other insurance and healthcare companies in accordance with National Association of Insurance Commissioners (NAIC) accreditation standards and agency policies/procedures.

The incumbent performs advanced reviews of examination work papers, reinsurance, investments, automated systems, management assessments, and is responsible for timely submission of draft reports for supervisory review. The incumbent will also supervise and lead staff examiners in conducting examinations.

If you\'re interested in a dynamic career that protects consumers\' interests and promotes a healthy business environment in this state, please apply and become part of our dynamic team.

This recruitment may be used to establish a qualified pool of candidates for other Financial Examiner 4 vacancies in the next sixty days.

This is a Washington General Service position. The annual salary range for this position is $84,192 - $113,160.

Employees assigned to a permanent duty station in King County will receive a 5% premium pay calculated from their base salary.

AGENCY PROFILE AND VALUES

The Office of the Insurance Commissioner (OIC) operates under the direction of the state\'s Insurance Commissioner, a statewide elected official. Our mission is to provide consumer protection and regulation of the state\'s insurance industry.

With a workforce of approximately 265 employees, we are one of the smaller state agencies in Washington state government and are fortunate to have a stable funding source that does not rely on the state\'s general fund.

Because we are a small agency, you will truly get a chance to understand the \'big picture\' of what we do and why we do it. You will also have a chance to get to know your co-workers.

We value diversity in the workplace. We challenge our employees to continuously improve the way we do business and to meet and exceed the needs of our customers.

To learn more about this agency, we invite you to visit our website at and

BENEFITS OF WORKING FOR OIC

Washington State offers one of the most competitive benefits packages in the nation. We offer a great selection of and , paid leave, and compensation benefits for you and your family.

Additional Benefits:

. . * Washington State
. * Federal
and Medicare systems. * Additional Leave;
, , , . (supplemental retirement plan). * Training and development opportunities, including tuition reimbursement.

• Program for

(if applicable) * Free parking at our main office in Tumwater.

• A stable funding source that does not rely on the state\'s general fund.
• The fulfillment of public service.
• Excellent work-life balance.
• Flexible work schedules and telework opportunities.
• Commitment to diversity in the workplace and support one another with respect and trust.
• Free Thurston County Transit public transportation, or King County ORCA Transit pass for public transportation.

Duties

Supervision of the examination process using National Association of Insurance Commissioner (NAIC) Risk Focused Approach to ensure NAIC Accreditation standards are maintained.

Coordinate and lead state exams.

Conduct meetings and interviews with staff, insurance company personnel, consultants, and OIC personnel to effectively gather, utilize, plan, and disseminate necessary information.

Supervise and monitor the completion of examination work in a timely manner and the completion of the report of examination for review by managers, deputies, and the Commissioner.

Supervision of other professional examiners.

Lead and manage special projects associated with financial examinations.

Qualifications

Required Qualifications:

A bachelor\'s degree from an accredited college or university whose accreditation is recognized by the U.S. Department of Education and the Council for Higher Education Accreditation (CHEA), or foreign equivalent, involving major study in finance, business administration, economics, accounting, or related field including at least 12 semester or 20 quarter hours of accounting, finance, or economics. Some examiner positions may require 36 quarter hours or 24 semester hours of accounting.

AND

A designation as a Certified Financial Examiner (CFE) in an examiner discipline, as granted by the Society of Financial Examiners (SOFE).

AND

Five years of qualifying professional experience in accounting or auditing which includes two years as a supervisor or lead.*

*Qualifying professional experience is defined as experience (auditing, analyzing, or preparing financial statements: balance sheet, income statement, cash?flow statement, and notes thereto)?as an accountant, auditor, or examiner with a public accounting firm or as an accountant, internal auditor or external auditor or examiner of insurance companies, banks, savings and loan associations, municipalities, etc., state, or federal or private entities.

Intermediate level skills in Microsoft Excel, Word, and Outlook.

Preferred/Desired Qualifications of this position include:

Experience with, or as a contractor for, a state insurance department working as an examiner, auditor, or financial analyst of insurance companies.

Three or more years of experience as a manager, supervisor, lead, or examiner-in-charge of internal or external audits/examinations.

Beyond the designation/license obtained to meet the required qualifications, additional designation/license as a CPA or other insurance or information systems related designations.

Supplemental Information

How to Apply: Applications for this recruitment will be accepted electronically. Please select the large green "apply" button at the top of this announcement. If you have not done so previously, you will need to set up an account profile.

Please provide three (3) professional references on your application. A professional reference is defined as an individual who has been paid to supervise your work and can attest to your work performance, technical skills, and job competencies. If you do not have any or sufficient professional references, please include non-related professionals, such as educators or other professional associates.

The initial screening will be based on the content and completeness of your application and the materials submitted. All information may be verified and documentation may be required. Your letter of interest should describe how your experience, training and education make you a viable and competitive candidate for this position. Applications with comments such as "see attachments" or "see resume" in the supplemental question responses will be considered incomplete.

General suggestions for creating a good application:

Read the job posting very carefully. Find out as much as you can about the position.

Make sure you are very diligent in following all the application instructions.? Include all requested documentation.

Make sure your application and supplemental question responses address how you meet each of the required and desired qualifications.

Carefully read each of the supplemental questions and respond completely to each one.?Pay attention to each component of the question, providing examples, and thoroughly describing when and where you achieved the experience. Detail the types of work you performed, the work products, etc., to demonstrate \'how\'.

Specifically include all your work experiences doing the same or similar work, especially if you reference work in these jobs in describing when/where you gained experience or skills.

Make sure your application reflects your best writing.

Wage/salary depends on qualifications or state rules of compensation (if currently a state employee).

Contact us: For inquiries about this position, please contact us at .

Other Information:

State law (RCW 48.02.090[5]) prohibits employees of the OIC from having any interest, directly or indirectly, in an insurance company other than as a policyholder. This prohibition includes the receipt of renewal commissions. If employment is accepted with this agency, you agree to abide by this state law.

If a degree or other credentials are listed by the candidate, proof will be required at the finalist stage. Candidates are encouraged to pre-plan for this. University degrees must be recognized by the U.S. Department of Education and the Council for Higher Education Accreditation (CHEA) or foreign equivalent.

If a degree was awarded outside the United States, candidates must provide a credential evaluation report.

Prior to a new hire, a background check including criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining the applicant\'s suitability and competence to perform in the position.?

If claiming veteran status, please send your DD 214 to with FE4 CS 0199?in the subject line.?Please do not attach the DD 214 to your application materials. Please black out personally identifiable data such as social security numbers.

The Office of Insurance Commissioner is an equal opportunity employer. Auxiliary aides and services are available upon request to individuals with disabilities. Please contact the recruiter listed above.

If you are having technical difficulties creating, accessing (log in, password or email issues) or completing your application (error messages), please call toll-free at (855) 524-5627.

For general questions regarding applying for jobs, contact the recruiter or .

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