STATE OF CONNECTICUT EXECUTIVE BRANCH JOBS

Accounting Careers Trainee (Hybrid)

Target Class: Insurance Examiner (Examination And Market Conduct)

Recruitment #240205-0034AR-001

Introduction



Are you an accounting professional striving to work in the financial examinations industry? If you’re looking for an opportunity to join state service and work alongside a dedicated team, we invite you to explore this opportunity.

The State of Connecticut, Connecticut Insurance Department (CID), is currently recruiting for two (2) Accounting Careers Trainee positions with a target class of Insurance Examiner (Examination And Market Conduct).



WHAT WE CAN 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 comprehensive benefit offerings
  • Extensive pension plan and supplemental retirement offerings
  • Paid time off including 13 paid holidays per calendar year
  • A culture that encourages work-life balance
  • Professional growth and development opportunities
  • Work for a Forbes top company - ‘Forbes’: State of Connecticut Ranked One of the Best Employers of 2023 - 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 here for more information.
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.

THE ROLE

The Financial Regulation Division, Financial Analysis Unit, is responsible for performing financial analysis of domestic insurance companies. The Accounting Careers Trainee will be trained on all aspects of financial analysis. 
The target class of Insurance Examiner (Examination And Market Conduct) will be able to perform these duties somewhat independently, under supervision.

APPOINTMENT

The length of the development program is determined by the experience and training requirements of the designated class and the prior experience of the incumbent. At the completion of the development program incumbents must meet the experience and training requirements of the designated class. The program cannot be less than one (1) year and cannot exceed three (3) calendar years in accordance with C.G.S. 5-234.

Incumbents in this class will be eligible for reclassification to the designated class without competitive examination upon successful completion of the development program and satisfactory service.

All appointments to this class shall be under terms of a development program and in accordance with a time schedule approved by the Commissioner of Administrative Services. All development programs must be approved by the Department of Administrative Services prior to appointment to this class.

Eligibility for promotion to the target classification of Insurance Examiner (Examination And Market Conduct) is earned upon successful completion of your training program.

  • Candidates with a bachelor’s degree with courses in accounting may be eligible to serve a 2-year development program.
  • Candidates with a master’s degree in accounting, insurance, business or economics may be eligible to serve a 1-year development program.
  • Candidates with three (3) 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 may be eligible to serve a 3-year development program.
COMPENSATION GUIDELINES

SCHEDULE OF SALARIES FOR ACCOUNTING CAREERS TRAINEE


Minimum Requirements

 Hiring Rate

Completion of 1 Year of Training 

Bachelor's degree with at least 15 semester hours
in accounting and/or qualifying experience

 Step 3:  $56,888/year

 Step 5:  $60,715/year

Bachelor's degree with at least 30 semester hours
in accounting

 Step 5:  $60,715/year

 Step 7:  $64,556/year

Master's degree in a related field with at least
15 semester hours in accounting

 Step 5:  $60,715/year

 Step 7:  $64,556/year

Master's degree in a related field with at least
30 semester hours in accounting

 Step 6:  $62,641/year

 Step 7:  $64,556/year


The salary for an employee who completes any of the above minimum requirements after initial appointment to the Accounting Careers Trainee job class will be adjusted commensurate with the schedule above and effective the pay period following the date the degree has been conferred or the pay period following the date the appropriate number of credits as indicated above have been earned.

For current state employees compensation will be in accordance with guidelines for computing salary adjustments set forth by the Department of Administrative Services, Determining Salary Upon Change in Class Manual.

POSITION HIGHLIGHTS

  • Monday-Friday
  • Full-time (40 hours per week)
  • First shift (8:00 AM - 4:30 PM)
  • Location:  153 Market Street, Downtown Hartford, easily accessible for commuters, centrally located with easy access from major highways and by public transportation
  • Hybrid work environment (combination of on-site and remote work)
Watch the video below to see what it's like to be a State of CT employee!


Selection Plan

  • For current state employees, salary calculations are not necessarily comparable from one of the three branches of state government (i.e., Executive, Legislative, Judicial) to the other.
To Apply:

  • In order to be considered for this job opening, you must meet the Minimum Qualifications as listed on this 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.
  • Ensure that your application is complete and detailed before submitting it. In order to comply with Public Act 21-69, 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.
  • 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 Talent Acquisition Professional listed on this job posting.
  • 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 DAS.SHRM@ct.gov.
FOR ASSISTANCE IN APPLYING:

  • Please read or watch our 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.
  • 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.
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 Frank DeCusati at frank.decusati@ct.gov.

PURPOSE OF JOB CLASS (NATURE OF WORK)

In a state agency this class is accountable for mastering the skills necessary to satisfactorily complete the training program for a professional accounting or auditing position.

EXAMPLES OF DUTIES

  • Receives training in introductory accounting or auditing work for development of skills and knowledge in order to qualify for advancement into a professional agency accounting or auditing position;
  • Performs a variety of increasingly difficult duties as skills are acquired during the course of the training period;
  • Examines financial records of governmental or private businesses and accounting methods and procedures to ensure compliance with statutes, regulations, guidelines or accepted accounting principles;
  • May receive training in such areas as maintaining financial records and accounts, establishing financial statements and schedules, and preparing budget estimates;
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

  • Knowledge of
    • accounting and auditing principles and practices; 
    • business mathematics and statistics;
    • business uses of information technology;
    • effective report writing;
  • Ability to
    • read and understand written materials;
    • utilize computer software.

MINIMUM QUALIFICATIONS

Candidates must be able to meet the experience and training requirements of the designated job class at the completion of the development program.

PREFERRED QUALIFICATIONS

  • Possession of a bachelor’s degree with courses in accounting
  • Experience or coursework involving audits and risk principles
  • Experience or coursework in reading, analyzing and evaluating information in order to reach a conclusion
  • Experience or coursework in writing a report
  • Experience or coursework where teamwork and collaboration were necessary

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.