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Senior Insurance Auditor
2 months ago
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.