State of Connecticut Executive Branch

In the Insurance Department, Examination Division, this class is accountable for supervising the work of Insurance Examiners engaged in the examination of the financial and business records of domestic insurance companies or supervising the review of the analysis of financial statements of licensed insurance companies including responsibility for certifying the accuracy and completeness of financial audits, by signature, of association examinations.

This is a supervisory level, responsible for supervising and coordinating the examination work of examiners of lower grade in concurrent examinations of domestic and foreign insurance companies or supervising a team of examiners involved in the audit of annual, quarterly and other financial statements of regulated companies. Incumbents in this class must possess the designation of Certified Financial Examiner (CFE) or Certified Public Accountant (CPA). Assignments will include concurrently supervising multiple association examinations.

Receives general direction from the Director of the Examination Division or Insurance Department Program Manager.

Supervises insurance examiners and other staff as assigned.

Schedules, assigns, oversees and reviews the work of examiners investigating the financial condition, operations and market conduct compliance of insurance companies or licensed insurance entities including association examinations; provides staff training and assistance; conducts performance evaluations; determines priorities and plans unit work; establishes and maintains unit procedures; develops or makes recommendations on the development of policies, standards, regulations and laws; acts as liaison with other operating units, agencies and outside officials regarding unit policies and procedures; discusses with company officials its condition as reflected by the examination and any indication of violation of state laws or regulations; prepares final reports of examinations or financial analysis for submission to the Director or Program Manager; performs related duties as required.

Considerable knowledge of relevant agency policies and procedures; considerable knowledge of and ability to apply relevant State and Federal laws, statutes and regulations; considerable knowledge of the accounting and auditing principles involved in the examination of insurance companies; considerable knowledge of the organization and business practices of insurance companies; considerable interpersonal skills; considerable oral and written communication skills; considerable ability in planning and directing a large scale examination program; considerable ability to interpret and evaluate financial statements; supervisory ability.

Nine (9) years of experience in one or more of the following areas: regulatory examination of financial condition or market conduct of insurance companies; accounting, auditing, and/or actuarial work in the insurance industry.

Two (2) years of the General Experience must have been in a lead or consultative capacity in professional work in insurance examining or auditing. For state employees, this will be interpreted at or above the level of Insurance Financial Examiner.