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Senior Insurance Auditor

2 months ago


Little Rock, Arkansas, United States Arkansas Government Job Full time

Position Title: Senior Insurance Auditor

Department: State Insurance Department

Salary Range: $50,000 - $72,822.00

Position Overview:

The Senior Insurance Auditor plays a crucial role in overseeing and conducting intricate financial assessments of insurance organizations. This position entails a thorough examination of financial statements and a detailed analysis of financial data and records, ensuring adherence to both state and federal regulations.

Key Responsibilities:

  • Conduct comprehensive evaluations of assets, liabilities, revenues, and expenditures within the financial statements of insurance companies.
  • Review and interpret new, proposed, or modified laws, regulations, and policies to guarantee compliance.
  • Execute financial examinations in accordance with established procedures and guidelines as per the NAIC Financial Condition Examiners Handbook.
  • Engage with insurance company executives to discuss operations and address inquiries raised during the examination process.
  • Develop and update procedures for the finance division to uphold accreditation standards.
  • Assist in the training and development of junior examiners.
  • Perform additional duties as assigned.

Required Knowledge, Skills, and Abilities:

  • In-depth understanding of Arkansas insurance laws, regulations, and bulletins.
  • Familiarity with the organizational and management structures of insurance firms.
  • Knowledge of National Association of Insurance Commissioners (NAIC) standards.
  • Proficiency in Generally Accepted Accounting Principles (GAAP) and financial examination methodologies.
  • Ability to interpret and apply legal rules and policies to specific scenarios.
  • Strong analytical skills for automated accounting transactions.
  • Effective oral and written communication skills.
  • Competence in utilizing standard office equipment and software for report generation and correspondence.
  • Capability to assign, coordinate, and oversee work activities of colleagues.

Minimum Qualifications:

A bachelor’s degree in accounting, finance, business administration, or a related discipline, accompanied by four years of experience in financial management, insurance accounting, auditing, or a related field. Additional qualifications may be considered upon approval by the Office of Personnel Management.

Licenses: None required.