Insurance Examiner (Examination And Market Conduct) #260824-4998AR-001

Introduction The Connecticut Insurance Department (CID) is currently accepting applications for an Insurance Examiner (Examination And Market Conduct) within the Field Examination Unit in Hartford, CT What We Can Offer You Our State Employee Benefits Overview page! Professional growth and development opportunities. A healthy work/life balance to all employees.

POSITION HIGHLIGHTS

Monday - Friday. 8:00 AM to 4:30 PM. Full Time, 40 hours per week. Hybrid (combination of in-office/telework). Location: 280 Trumbull Street in Downtown Hartford, easily accessible for all commuters.

THE ROLE

The Insurance Examiner (Examination And Market Conduct) will work within the Financial Regulation Division, and will be assigned to one of the field financial exams of an insurance entity that is underway, as part of the exam team. The successful incumbent will report directly to the Examiner-in-Charge of the exam assigned to. Once an exam ends, you will be assigned to another exam. The Insurance Examiner (Examination And Market Conduct) will assist on a "key activity" with a more experienced Examiner. This includes examining items such as investments, premiums, claims, etc. There will be both formal training and on-the-job training. About Us 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 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 the availability of insurance. Watch the video below to see what it's like to be a State of Connecticut employee!

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Insurance Department, Financial Regulation Division, this class is accountable for independently participating in the examination of the financial and business records of insurance companies to assess condition and market conduct.

EXAMPLES OF DUTIES

Participates in examinations of insurance companies' records; Traces each item of a financial statement to original sources; Verifies and computes liabilities; Verifies cash and bank balances; Verifies annual statements and reports submitted to the Insurance Commissioner; Verifies proper market conduct including rates charged and claims paid; Prepares or assists in preparing examination reports; May conduct office audits of annual statements of licensed insurance companies and complaint registers; May assist in the preparation of hearing materials; Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

Knowledge of accounting and auditing principles and practices; the organization, terminology and business practices of insurance companies; life actuarial reserves; Knowledge of and ability to interpret and apply insurance statutes, regulations and bulletins and the Uniform Administrative Procedures Act; Skills oral and written communication skills; interpersonal skills; Ability to analyze and evaluate insurance company financial records and statements; calculate complex mathematical formulas; utilize computer software; Performs related duties as required. Minimum Qualifications - General Experience Six (6) years of experience in one or more of the following areas: governmental examination of financial condition or market conduct of insurance companies, accounting, auditing or actuarial work. Minimum Qualifications - Special Experience Two (2) years of the General Experience must have been at the paraprofessional level. NOTE This experience is interpreted as work requiring the exercise of some independent judgment in the application of basic principles and practices of governmental examination of financial condition or market conduct of insurance companies, accounting, auditing or actuarial work. Minimum Qualifications - Substitutions Allowed Successful completion of an Accounting Careers Trainee program approved by the Department of Administrative Services may be substituted for the General Experience and Special Experience. College training with courses in accounting 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 or economics may be substituted for one (1) 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. Preferred Qualifications Experience identifying an organization’s key risks and assessing the effectiveness of its internal control environment. Experience in reviewing and analyzing financial statements to verify the accuracy and completeness of an organization’s financial records. Experience identifying and documenting audit or examination issues and communicating those findings to the organization being audited or examined. Experience communicating with stakeholders, both in writing and verbally. Special Requirements 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. Conclusion

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.

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all-inclusive of every task and/or responsibility. #J-18808-Ljbffr State of Connecticut