Who We Are
Our mission at the State of Connecticut
, Connecticut Insurance Department (CID
) is consumer protection. The Department carries out its mission by enforcing state insurance laws to ensure policy holders 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 excitedly seeking an Insurance Certified Financial Examiner! This position is currently a remote from home position due to COVID 19. As things begin to normalize this position will be located at the agency in Hartford CT.
The selected candidate will be responsible for:
- Overseeing and reviewing the analysis work of team members being supervised;
- Providing assistance to analysts regarding analysis completion;
- Assisting in conducting performance evaluations;
- Maintaining financial analysis unit practices and procedures;
- Remaining in compliance with NAIC accreditation standards.
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 ensure that your application is complete and you have included a resume within the "Resume Tab" of your application.
NOTE: Interviews will be limited to candidates whose experience most closely meet the preferred requirements of the position.
Applications to this recruitment may be used for future vacancies.
This posting may require completion of additional referral questions (RQs) which will be sent to you via email after the closing date. The email notification will include an expiration date by which you must submit (Finish) your responses. Please regularly check your email for notifications. Please check your SPAM and/or Junk folders, as emails could end up there in error.
The minimum experience and training requirements must be met by the close date on the job opening, unless otherwise specified.
Should you have questions pertaining to this recruitment, please contact Raisa Capellan at firstname.lastname@example.org.
PURPOSE OF JOB CLASS (NATURE OF WORK)
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.
EXAMPLES OF DUTIES
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.
KNOWLEDGE, SKILL AND ABILITY
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.
MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE
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.
MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE
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.
MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED
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.
A Master's degree in Accounting, Insurance, Business, Finance or Economics may be substituted for an additional year of the General Experience.
Certification in any of the following may be substituted for one (1) additional year of the General Experience: Certified Public Accountant, Certified Internal Auditor.
The successful candidate will possess:
- Experience with policies and procedures within the Financial Regulations Division;
- Experience reviewing the solvency condition of insurance companies and insurance groups;
- Experience setting up and running company meetings.
Incumbents must possess at time of appointment and maintain during employment the designation of Certified Financial Examiner (CFE) or Certified Public Accountant (CPA).
Incumbents in this class may be required to travel.
Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator’s license.
AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER
The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.