Insurance Certified Financial Examiner

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. 

PLEASE ENSURE THAT YOU LIST ANY JOB-RELEVANT LICENSES OR CERTIFICATIONS IN THE “LICENSES AND PROFESSIONAL CERTIFICATIONS” SECTION OF YOUR APPLICATION.

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.
• For Bridge positions, a respirator test may be required for certain locations.
• 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 recruiter 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.
• Read through this helpful link to prepare for your interview.

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 Jasmyn.Raymond@ct.gov. 
• Follow the State of Connecticut on LinkedIn.

In the Insurance Department, Financial Regulation Division, this class is accountable for leading insurance examiners in performing the most complex examinations of the financial and business records of insurance companies to assess financial conditions and market conduct compliance including responsibility for certifying the accuracy and completeness of financial audits, by signature of association examinations.

• Schedules, assigns, oversees and reviews the examination assignment work of team members; 
• Serves as examiner in charge of association examinations; 
• Provides staff training and assistance regarding procedures and techniques; 
• Assists in conducting performance evaluations; 
• Assists in determining unit priorities and plans; 
• Assists in establishing and maintaining unit procedures; 
• Assists in the development of standards and examination procedures; 
• Acts as liaison with other operating units, agencies and outside officials regarding unit policies and procedures; 
• Prepares reports and correspondence; 
• Supervises and coordinates insurance examination activities including auditing financial statements and holding company reports; 
• Assists in determining areas to be examined; 
• Oversees analysis activities and provides guidance to less experienced examiners regarding procedure and techniques; 
• Participates in hearings on financial condition of insurers; 
• Drafts hearing notices issued to insurers for violation of statutes and regulations; 
• Recommends administrative sanctions; 
• May conduct financial examinations; 
• May conduct examinations of financial conditions and market conduct compliance; 
• May conduct information systems and market conduct compliance audits; 
• Performs related duties as required.

• Considerable knowledge of
  • and ability to apply relevant state and federal laws, statutes and regulations; 
  • and ability to examine and audit insurance companies information systems; 
  • relevant agency policies and procedures; 
  • accounting and auditing principles and practices involved in the examination of insurance companies; 
  • the organization and business practices of insurance companies; 
• Considerable
  • interpersonal skills; 
  • oral and written communication skills; 
• Considerable ability to
  • analyze and evaluate insurance company financial statements and reports by Certified Public Accountants, actuaries and consultants; 
  • ability to assess market conduct; 
• Ability to utilize computer software;
• Some supervisory ability.

Eight (8) years of experience in one or more of the following areas: 

• Regulatory examination of financial condition or market conduct of insurance companies; 
• Accounting, auditing, automated controls reviews or actuarial work in the insurance industry.

One (1) year of the General Experience must have been in an advanced working level or consultative capacity in professional work in insurance examining, auditing or automated controls reviews.

NOTE: For state employees this is interpreted at the level of an Insurance Financial Examiner.

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.