Insurance Accredited Financial Examiner(Hybrid)

Introduction

The , Connecticut Insurance Department , is currently recruiting for an position, with the Department of Insurance, Field Financial Examination Unit. WHAT WE CAN CONTINUE TO OFFER YOU Competitive starting salary A Platinum Healthcare Plan, the nation’s best for state employees and dependents, according to a report by Georgetown’s Center on Health Insurance Reform an article by Ellen Andrews, Ph.D., along with  Extensive pension plan and supplemental retirement offerings Paid time off including 13 paid holidays per calendar year A culture that encourages  Professional growth and development opportunities Work for a Forbes top company -  ‘Forbes’: - State of CT Receives National Recognition for Offering Job Growth, Competitive Benefits, and Flexible Schedule State of Connecticut is an eligible Public Service Loan Forgiveness employer, meaning you may be eligible to have qualifying student loans forgiven after 10 years of service. Click for more information. POSITION HIGHLIGHTS Monday - Friday Full-time (40 hours per week) First shift (8:00 AM - 4:30 PM) Location: 153 Market Street in Downtown Hartford, easily accessible for commuters Hybrid (in-office/telework) 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.

Selection Plan

Apply:
In order to be considered for this job opening, you must be a current State of CT employee, of the agency listed above, for at least six (6) months of full-time service or full-time equivalent service, absent any applicable collective bargaining language, and meet the Minimum Qualifications as listed on the job opening. You must specify your qualifications on your application. The minimum experience and training requirements must be met by the close date on the job opening, unless otherwise specified. In order to receive educational credits toward qualification for this job posting, the institution must be accredited. If the institution of higher learning is located outside of the U.S., you are responsible for providing documentation from a recognized USA accrediting service which specializes in determining foreign education equivalencies to the individual listed on this job posting. Ensure that your application is complete and detailed before submitting it. In order to comply with , the State of Connecticut is no longer asking for resumes during the initial application process. You will not be able to make revisions once your application is submitted into the JobAps system. Please select all location(s) and shift(s) you are willing to work on your application. Failure to do so may result in not being considered for vacancies in that specific location or shift. All application materials must be received by the recruiting agency by the time specified on the job opening for the position for which you are applying. Late applications may not be submitted and will not be considered. Exceptions are rare and limited to documented events that incapacitate a candidate during the entire duration of the job posting time period. It is the candidate’s obligation and responsibility to request an exception and provide a legally recognized justification to accommodate such exception. Requests should be made to . FOR ASSISTANCE IN APPLYING: Pleaseorour Applicant Tips on How to Apply Important Information After You Apply: This posting may require completion of additional referral questions (RQs). You can access these RQs via an email that will be sent to you after the posting's closing date or by visiting your JobAps Personal Status Board (Certification Questionnaires section). Your responses to these RQs must be submitted by the questionnaire's expiration date. Please regularly check your email and JobAps Personal Status Board for notifications. Please check your SPAM and/or Junk folders on a daily basis in the event an email provider places auto-notification emails in a user's spam. Read through this helpful link to  Although applicants will receive correspondence via email, as a backup they are also encouraged to sign on to their Personal Status Board on a daily basis to monitor their status, view all emailed notices and complete tasks required in the recruitment process. Note: At any point during the recruitment process, applicants may be required to submit additional documentation which support their qualification(s) for this position. These documents may include: a cover letter, resume, performance reviews, attendance records, supervisory references, licensure, etc., at the discretion of the hiring agency. Interviews will be limited to candidates whose experience and training most closely meet the requirements of the position. The immediate vacancy is listed above, however, applications to this recruitment may be used for future vacancies in this job class. Candidates who are offered and accept a position with the State of Connecticut are bound by the State Code of Ethics for Public Officials and State Employees which is available at  Connect With Us:
Due to the large volume of applications received, we are unable to provide confirmation of receipt or status during the recruitment process. Updates will be available through your JobAps portal account. Should you have any questions pertaining to this recruitment, please contact Sharon McIntosh, at Follow the State of Connecticut on

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Insurance Department, in the areas of Financial Regulation and Captive Insurance this class is accountable for independently performing highly complex tasks in conducting examinations of the financial and business records of insurance companies to assess financial condition or market conduct compliance including the responsibility for certifying the accuracy and completeness of financial audits, by signature, of non-association examinations.

EXAMPLES OF DUTIES

Conducts or leads the examination of insurance companies or conduct analysis of insurance company financial statements; Assists in planning examination procedures;  Assigns examiners to specific tasks and reviews work in progress; Oversees or conducts examinations including tracing items on financial statements, verifying and computing liabilities, verifying the valuation and legality of assets; Verifies the accuracy and completeness of non-association examinations; Verifies proper market conduct including rates charged, underwriting practices and claims paid; Prepares examination reports or analytical reviews; Assists in preparing hearing material; May participate or represent a zone in association examinations; Performs related duties as required;

KNOWLEDGE, SKILL AND ABILITY

Considerable knowledge of accounting and auditing principles and practices; the organization and business practices of insurance companies; Knowledge of and ability to interpret and apply insurance statutes, regulations and bulletins and the Uniform Administrative Procedures Act; Considerable interpersonal skills; oral and written communication skills; Considerable ability to analyze and evaluate insurance company financial statements and business; Ability to utilize computer software.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Seven (7) 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.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

One (1) year of the General Experience must have been at the professional working level of an insurance examiner/auditor. NOTE: For state employees this experience is interpreted at the level of Insurance Examiner or Insurance Examiner (Examination and Market Conduct).

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 or economics may be substituted for one (1) additional year of the General Experience. Certification as a Certified Internal Auditor may be substituted for one (1) additional year of the General Experience.

PREFERRED QUALIFICATIONS

Experience conducting and leading financial audits, including risk assessments and processing procedures Experience with auditing or examining insurance entities to assess and test control design and operating effectiveness Experience with documenting audits or examination issues to communicate to an insurer Oral and written communication skills

SPECIAL REQUIREMENTS

Incumbents must possess at time of appointment and maintain during employment the designation of Accredited Financial Examiner (AFE) 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.

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.

Overview

Employee Benefits As a State of Connecticut employee you may be entitled to a host of benefits that are not only attractive, but also may be portable should your career bring you to other avenues of state service. From 13 paid holidays to accruing vacation time, being a State of Connecticut employee not only gives you the opportunity to make a difference in someone’s life, but the time to enjoy your own. Listed below are just some of the benefits the State of Connecticut offers depending on the position you hold: Health & Dental Insurance Accrued Vacation, Personal and Sick Leave (Subject to the appropriate bargaining union contract or state statute and regulations.) Retirement Plan Group Life Insurance Supplemental Benefits Voluntary Defined Contribution Plans Flexible Spending Accounts (Dependent Care Program, Medical Flexible Spending, and Qualified Transportation) Supplemental Benefits Programs (Auto and Home Insurance, plus Short and Long Term Disability) Life Insurance State of CT Tuition Reimbursement Program Holidays

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