State of North Carolina Insurance Company Examiner Manager

Description of Work

Salary Recruitment Range: $76,290 - $101,861

Salary Grade: NC23

This position currently qualifies for a hybrid telework option with routine office and remote workday. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.

Mission of the Department of Insurance: 

To promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect.

Primary Purpose of the Position:

This is a key position working in the Financial Examination Division.  This employee functions as the Examiner In-Charge as described in the Financial Condition Examiners Handbook (¿FCEH¿), interviews and trains employees, completes and reviews examination work, and manages a team of technical professionals on examinations of insurance companies that are domiciled in NC utilizing automated systems to identify risks, document risk assessments, and develop an overall examination approach to evaluate internal controls and perform substantive testing procedures.  

The work involves the examination of statutory financial statements for the purpose of assessing the financial condition, legality, and propriety of operations.  The work is guided by State laws and regulations, departmental policies and procedures, the NAIC, and the AICPA as prescribed by Statements on Auditing Standards.  This employee must focus on the achievement of individual and team specific goals and objectives, as well as those established by the Department for the division.   The employee must be a results-oriented individual who consistently complies with the guidelines described in the FCEH regarding completed work quality and quantity and meet deadlines.  The position will have the opportunity to interact with people at all levels within the insurance companies as well as within this Department.  The Examiner In-Charge is responsible for supervising the examination of the financial records relative to the business operations of insurance companies and other regulated entities which are licensed or otherwise authorized to do business in the State of North Carolina by the Commissioner of Insurance pursuant to N.C.G.S § 58. The employee may also participate in examinations of foreign insurance companies licensed in the State which are conducted under the Association Plan of the NAIC. 

This position is under the administrative direction of the Deputy Commissioner and their completed work is subject to a detailed review by the Chief Financial Examiner.  This position trains new senior and staff level employees, supervises and manages the daily operations of senior and staff level examiners, performs complex examination procedures and reviews the completed work of senior and staff level technical professionals who conduct on-site field examinations and off-site reviews of insurance companies and other similar or related entities under the North Carolina jurisdiction to determine financial condition, legality and propriety of operations, fair and equitable treatment of all policyholders and preparation of reports of findings.  The work is guided by State laws and regulations, departmental policies and procedures, the NAIC and the AICPA as prescribed by Statements on Auditing Standards.  Some in and out-of-state travel is required.  This position may perform other duties as assigned by management.

Incentives of NC State Employment: We value our employees and offer a wide variety of competitive and family-friendly benefits. Benefits to include:   

• 12 Annual paid Holidays
• North Carolina State Health Plan administered by Blue Cross Blue Shield of NC
• Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement (TSERS)
• WeSave Employee Discounts

Learn more about new hire resources, safety, health, and wellness information, leave options, employee discounts and more by selecting the link below:  https://oshr.nc.gov/state-employee-resources/benefits.

Knowledge, Skills and Abilities / Competencies

• Considerable understanding of financial statements, financial ratios, the impact of journal entries on financial statement components.
• Considerable knowledge in the concepts related to insurance companies and other regulated entities.
• Considerable understanding of business risks, operations, financial transactions and financial regulatory functions for consumer protection including regulation of company admissions, capital standards, reserve requirements, investment restrictions, solvency monitoring, intervention and guaranty funds.
• Considerable understanding of NAIC guidelines and state laws and regulations.
• Considerable knowledge in generally accepted auditing standards (GAAS) and testing methods, generally accepted and statutory accounting principles (GAAP & SSAP), financial accounting concepts and theories and financial analysis procedures.
• Demonstrated ability to apply knowledge independently and manage time effectively to ensure that projects are completed in a timely manner.
• Demonstrated ability to apply knowledge toward developing recommendations and conclusions and document facts, findings, conclusions, and recommendations.
• Demonstrated ability to communicate effectively both verbally and in writing with the general public, Department management, and management of the regulated entities.

Minimum Education and Experience Requirements

Bachelor's degree from an appropriately accredited college or university, with the appropriate courses in accounting as defined in 21 NCAC 8A.0309 and other courses required to qualify as a candidate for the uniform certified public accountant examination, based on the examination requirements in effect at the time of graduation and four years of experience in auditing insurance company operations or closely related accounting or auditing work; or, an equivalent combination of education and experience.

Preferred Requirements

• Recent risk-focused financial examination, auditing, or public accounting experience.
• Knowledge and ability to use information technology software, including ACL, Teammate, and Microsoft Office products.
• Possess or actively working toward Certified Financial Examiner (CFE), Accredited Financial Examiner (AFE), Certified Public
• Accountant (CPA), or Certified Information Systems Auditor (CISA) professional designation.

Supplemental and Contact Information

For consideration for this vacancy, all applicants must complete an on-line application using the “APPLY” button above. If multiple applications are submitted to an individual posting, only the most recent application received prior to the posting close date will be evaluated for the consideration. Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript. 

Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC, your academic credentials will be verified.
  
To receive credit for your work history and credentials, you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit.
  
The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment. Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications, disciplinary action, and possible criminal prosecution.
  
The Department of Insurance/Industrial Commission is an Equal Employment Opportunity employer and uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals.
  
***INCLUDE ALL RELEVANT EDUCATION, WORK EXPERIENCE IN THE DESIGNATED EDUCATION AND WORK HISTORY SECTION ON THE FORMAL APPLICATION***
 
***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy***
  
Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
  
Applicants seeking Veteran's Preference under N.C.G.S .126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date.
  
Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system using the above link.  Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.