Connecticut StateDepartment of Administrative Services

Insurance Certified Financial Examiner

Recruitment #200129-4980AR-LK


Our mission at the Connecticut Insurance Department (CID) is consumer protection. The Department carries out its mission by enforcing state insurance laws to ensure policyholders are treated fairly, by providing assistance, outreach and education to help consumers make sound choices and by regulating the industry in a fair and consistent manner that fosters market competition for availability of insurance.

The CID is recruiting for an Insurance Certified Financial Examiner (ICFE) position in the Financial Analysis & Compliance Unit.  This position is full-time, 40 hour work-week Monday - Friday.

This opportunity is available to permanent DOI employees, who meet all of the Minimum Qualifications outlined below. 

As an ICFE, you will supervise and review the financial analysis work of lower level insurance examiners, provide assistance regarding procedures and techniques, oversee the analysis activities of the following reports: annual and quarterly financial statements, actuarial opinion and summary, management's discussion and analysis, audited financial statements, holding company filings, corporate governance, own risk solvency analysis, financial ratios and NAIC financial solvency tools, assists in determining areas to be further examined by the field examiners, may conduct financial examinations as needed.

NOTE: Please ensure your application is complete and you have included your Resume in the 'Resume Tab' of your application.  You will be unable to make revisions once you submit your application into the JobAps system.

This posting MAY require completion of additional referral questions (RQ’s) which will be sent to you via email after the closing date.  Please regularly check your email for notifications. You must reply by the deadline indicated on the notification or you will be automatically disqualified from consideration.

Selection Plan

In order to be considered for this job opening, you must be a current State of CT employee of the Department of Insurance, who has permanent state status*, and meet the Minimum Qualifications as listed on the job opening.  You must specify your qualifications on your application. 

*For employees in the classified service, permanent status is obtained after successful completion of a working test period.  For employees in the unclassified service, permanent status is obtained after serving in a position for at least six months (full-time or full-time equivalent).

Please be advised this is a promotional opportunity for employees in the Department of Insurance.  The selected employee will be promoted by reclassification in his or her position.  This is NOT A VACANCY and, therefore, merit system and reemployment rules do not apply.

Should you have questions pertaining to this recruitment, please contact CID's Human Resources Department at, (860) 297-3936.


In the Insurance Department, Financial Regulation Division, this class is accountable for leading insurance examiners in performing the most complex examinations of the financial and business records of insurance companies to assess financial conditions and market conduct compliance including responsibility for certifying the accuracy and completeness of financial audits, by signature of association examinations.


Schedules, assigns, oversees and reviews the examination assignment work of team members; serves as examiner in charge of association examinations; provides staff training and assistance regarding procedures and techniques; assists in conducting performance evaluations; assists in determining unit priorities and plans; assists in establishing and maintaining unit procedures; assists in the development of standards and examination procedures; acts as liaison with other operating units, agencies and outside officials regarding unit policies and procedures; prepares reports and correspondence; supervises and coordinates insurance examination activities including auditing financial statements and holding company reports; assists in determining areas to be examined; oversees analysis activities and provides guidance to less experienced examiners regarding procedure and techniques; participates in hearings on financial condition of insurers; drafts hearing notices issued to insurers for violation of statutes and regulations; recommends administrative sanctions; may conduct financial examinations; may conduct examinations of financial conditions and market conduct compliance; 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 accounting and auditing principles and practices involved in the examination of insurance companies; considerable knowledge of the organization and business practices of insurance companies; considerable ability to analyze and evaluate insurance company financial statements and reports by Certified Public Accountants, actuaries and consultants; considerable interpersonal skills; considerable oral and written communication skills; some supervisory ability; ability to utilize computer software.


Eight (8) years of experience in one or more of the following areas: regulatory examination of financial condition or market conduct of insurance companies; accounting, auditing or actuarial work in the insurance industry.


One (1) year of the General Experience must have been in an advanced working level or consultative capacity in professional work in insurance examining or auditing.
NOTE: For State Employees, this is interpreted at the level of Insurance Financial Examiner.


  1. College training in Accounting, Insurance, Business, Finance, Actuarial Science or Economics may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor's degree.
  2. A Master's degree in Accounting, Insurance, Business, Finance or Economics may be substituted for an additional year of the General Experience.
  3. Certification in any of the following may be substituted for one (1) additional year of the General Experience: Certified Public Accountant, Certified Internal Auditor.


Preference will be given to candidates who possess:

  • Considerable knowledge of statutory accounting and examination practices;
  • Supervisory skills;
  • Strong interpersonal and communication skills;
  • Detail-oriented;
  • Proficient with basic computer skills.


  1. Incumbents must possess at time of appointment and maintain during employment the designation of Certified Financial Examiner (CFE) or Certified Public Accountant (CPA).
  2. Incumbents in this class may be required to travel.
  3. Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator’s license.



The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.

The State of Connecticut is an Affirmative Action/Equal Opportunity Employer and strongly encourages the application of women, minorities and persons with disabilities.