Company Licensing & Compliance Examiner (In-Training)

DESCRIPTION

This recruitment will remain open until March 27, 2024. The agency reserves the right to make a hiring decision at any time after the initial screening date on March 12, 2024. 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) Company Licensing & Compliance Unit is seeking a motivated and qualified individual to fill a Financial Examiner 2 In-Training to a Financial Examiner 3 position.   This position is assigned to the Company Supervision Division, located in our Tumwater office. 
 
At the Financial Examiner 2 In-Training level you will be working up to being proficient, as a Financial Examiner 3, in training company licensing analysts and performing the complex, highly technical analysis, and review activities necessary for the licensing and compliance of insurance companies and other regulated entities in accordance with state and federal laws, and the National Association of Insurance Commissioners (NAIC) accreditation requirements for insurer licensing. 
 
This position also serves as a subject matter expert representing the OIC in hearings, other legal proceedings, and general inquiries regarding company licensing requirements.

 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 Financial Examiner 2 vacancies in the next sixty days.
 
This is a Washington General Service position. The monthly salary range for this position is $5,479 - $7,368.
 
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:
 

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• .
• 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.

DUTIES
The duties of the position include, but are not limited to: 
 

• Conducting the most complex and highly technical reviews of complex licensing filings.
• Using established procedures and analyzing documentation submitted to determine whether the companies meet all state, federal, and NAIC requirements for licensure or registration.
• Comparing amounts to financial statements from publicly available websites with regulated entities? financial statements to determine whether reported amounts are fair and reasonable.
• Communicating with insurance company representatives, attorneys, and insurer consultants regarding application deficiencies requiring action.
• Ensuring all application reviews are conducted in a timely and efficient manner and in accordance with OIC and NAIC accreditation standards for licensure.
• Completing Primary application reviews within 90 calendar days from receipt of a completed application with supporting documentation.
• Completing Expansion application reviews within 60 calendar days from receipt of a completed application with supporting documentation.
• Preparing analyst notes, including a recommendation to either approve or disapprove the licensure or registration of the applicant to the Company Licensing & Compliance Unit Manager.
• Preparing and completing analysis-examination procedures in accordance with NAIC Accreditation Standards.

QUALIFICATIONS
Qualifications: 
 

• Six (6) years of professional working experience* in accounting or auditing.

 
OR
 

• Bachelor?s degree with major study in accounting, business administration, economics, or finance with a minimum of 36 quarter or 24 semester hours of accounting. Educational requirements must be 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.

 
AND
 

• Two (2) years of professional working experience* in accounting or auditing.

 
*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.
 
(A Master?s degree in accounting or business administration with a minimum of 24 semester or 36 quarter hours in accounting, finance, or economics may substitute for one year of the required experience).
 
AND
 

• Intermediate skill level with Microsoft Office ? Word, Excel, and Outlook.
• Basic skills with Adobe Acrobat.

 
Preferred/Desired
 

• Additional qualifying experience analyzing and/or auditing of financial statements within insurance statutory accounting principles.
• Experience with enterprise risk management systems, risk assessment practices, business plans and assessments of those plans.
• Demonstrated experience with licensure and compliance of regulated entities, financial analysis, financial examination or providing engaging and clearly articulated presentations to professional, legislative, technical and/or legal audiences.
• Prior experience in training and development and experience in creating and developing materials.
• Experience leading or supervising professional staff.

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 Treese Beckett at .
 
Other Information:

• This position is represented by the Washington Federation of State Employees (WFSE).
• 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 FE2 IT_2024-02619 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 .