Staff Examiner (Financial Examiner 2)
Company: State of Washington
Location: Olympia
Posted on: February 3, 2025
|
|
Job Description:
This recruitment will remain open until filled. The agency
reserves the right to make a hiring decision at any time after the
initial screening date on January 30, 2025. It is in the
applicant's best interest to submit materials as soon as
possible.
Considering making an application for this job Check all the
details in this job description, and then click on Apply.
Make a Difference: Protect Consumers & Join Our Dynamic Team!
The Office of the Insurance Commissioner (OIC) is seeking two (2)
motivated and qualified individuals to fill our Staff Examiner
(Financial Examiner 2) positions. These roles are within the
Company Supervision Division and offers the chance to work from our
Seattle Downtown Office.
WHY OIC?
Meaningful work: Ensure a healthy insurance market & protect
Washington consumers.
Impactful career: Make a daily difference in the lives of countless
Washingtonians.
Small agency, big opportunities: Gain a holistic understanding of
our mission and build strong relationships with colleagues.
Flexible work options: Hybrid work opportunities.
About the Position
These positions are responsible for examining regulated entities
for solvency and compliance with laws, statutes, or regulations in
accordance with National Association of Insurance Commissioners
(NAIC) accreditation standards and Agency policies.
What we are looking for in a candidate:
Communication: Ability to effectively communicate with coworkers,
superiors, and auditees. Whether through emails, phone calls, or
virtual and face-to-face meetings, clear and concise written and
oral communication helps to ensure that tasks are completed
efficiently.
Problem-solving: Ability to think critically and find solutions to
problems by taking initiative, being proactive, and coming up with
solutions to challenges.
Teamwork: Collaborating and working well with a diverse group of
individuals and contributing to group discussions that
foster/create a positive work culture.
Time management: Ability to manage your time effectively in meeting
deadlines and staying organized. Ability to prioritize tasks and
manage workload productively and efficiently.
Leadership: Signs of leadership qualities. A self-starter candidate
who is not afraid to take responsibility.
Flexibility/Adaptability: Willingness to learn new or alternative
approaches and adapt to new situations in the workplace if
necessary.
Work related travel: At times, financial examiners may travel to
business conferences or to the insurance companies we exam in and
out of the state. This affords employees the opportunities to forge
connections with co-workers, financial examiners from other state
insurance departments, the companies we audit and see new
places.
This recruitment may be used to establish a qualified pool of
candidates for Financial Examiner 2 vacancies in the next sixty
days.
This is a Washington General Service position. The monthly salary
range for this position is $5,643 - $7,589.
Additional premium pay of 5% will be applied to those positions
with an official King County duty station.
Benefits & Perks
Comprehensive benefits package: Health, dental, vision, retirement,
paid leave (vacation, sick, etc.) and much more!
Supportive work environment: We value diversity, professional
growth, and collaborative atmosphere.
Wellness programs: Invest in your well-being with on-site resources
and initiatives.
Work-life balance: Flexible schedules with telework
opportunities.
Public service fulfillment: Contribute to a cause that matters and
feel the satisfaction of serving the public good.
Training & Development: Continuously learn and grow with tuition
reimbursement. Public Service Loan Forgiveness, and other
programs.
Free parking (Tumwater) & Public transportation pass (Free Puget
Sound ORCA card): Save on commuting costs.
And more! Explore our website for additional benefits:
https://www.insurance.wa.gov
The duties of the position include, but are not limited to:
Review information, perform analyses, and obtain an understanding
of the company, its processes, and key functional activities to be
reviewed.
Identify and obtain an understanding of company processes and
internal controls in place to mitigate risks.
Interview or confer with insurance company employees to collect
information.
Identify and assess inherent risk in activities and write risk
statements specific for the company under examination.
Document controls, review the design of controls, and test controls
for operating effectiveness.
Determine residual risk. Establish/conduct detailed examination
procedures.
Read, analyze, examine, and describe both verbally and in writing
filings, documents and other information.
Review contracts and agreements, identify critical features and
perform test work necessary to determine compliance.
Assess financial condition, statement assertions, and compliance
with laws, regulations, and standards.
Prepare special analysis of financial condition of insurance
companies admitted to or applying for admission to do business in
Washington State.
To read more about this position and view all duties, click here to
request a position description.
Required Qualifications:
You must meet one of the required qualification options listed and
any additional qualifications included in the required
qualifications section.
Option 1: Six (6) years of qualifying professional experience in
accounting or auditing.
Option 2: An associate degree in accounting, finance, economics,
business administration, or related field with 24 semester or 36
quarter hours in accounting AND four (4) years of qualifying
professional experience defined in option 1.
Option 3: A bachelor's degree in accounting, finance, economics,
business administration, or related field with 24 semester or 36
quarter hours in accounting AND two (2) or more years of qualifying
professional experience as defined in option 1.
Option 4: A master's degree in accounting, finance, economics,
business administration, or related field with 24 semester or 36
quarter hours in accounting OR certification as a Washington State
Certified Public Accountant (CPA) AND one (1) year of qualifying
professional experience defined in option 1.
"Qualifying professional experience" is defined as experience
[auditing, analyzing, or preparing financial statements: balance
sheet, income statement, cash flow statement, and notes thereto] as
an accountant, auditor, or examiner with a public accounting firm
or as an accountant, internal auditor or external auditor or
examiner of insurance companies, banks, savings and loan
associations, municipalities, etc., state or federal or private
entities.
In addition to the qualifications noted above, this position
requires:
Intermediate skill level in Microsoft Excel and Word.
Basic skill level in Microsoft Outlook.
Preferred/Desired Qualifications:
Experience with, or as a contractor for, a state insurance
department working as an examiner, auditor, or financial analyst of
insurance companies
Designation as a Certified Financial Examiner (CFE) in an insurance
discipline, as granted by the Society of Financial Examiners
(SOFE)
Designation as an Accredited Financial Examiner (AFE) in an
insurance discipline, as granted by the Society of Financial
Examiners (SOFE)
An active, Certified Public Accountant (CPA) license granted by the
Washington State Board of Accountancy, or another state with
reciprocity with Washington State
Other insurance or information systems related designations
Ready to join us?
Learn more about the Staff Examiner (Financial Examiner 2) position
and the OIC by visiting our website. We encourage you to check out
our video below and listen to what our employees have to say about
working here!
Welcome to the OIC
Submit your application today and take the first step towards a
rewarding career at the OIC!
Other Information:
This position is represented by the Washington Federation of State
Employees (WFSE).
State law (RCW 48.02.090[5]) prohibits employees of the OIC from
having any interest, directly or indirectly, in an insurance
company other than as a policyholder. This prohibition includes the
receipt of renewal commissions. If employment is accepted with this
agency, you agree to abide by this state law.
If a degree or other credentials are listed by the candidate, proof
will be required at the finalist stage. Candidates are encouraged
to pre-plan for this. University degrees must be recognized by the
U.S. Department of Education and the Council for Higher Education
Accreditation (CHEA) or foreign equivalent.
If a degree was awarded outside the United States, candidates must
provide a credential evaluation report.
Prior to a new hire, a background check including criminal record
history will be conducted. Information from the background check
will not necessarily preclude employment but will be considered in
determining the applicant's suitability and competence to perform
in the position.
If claiming veteran status, please send your DD 214 to
recruitment@oic.wa.gov with 2025-00516 in the subject line. Please
do not attach the DD 214 to your application materials. Please
black out personally identifiable data such as social security
numbers.
At the OIC, honoring diversity, equity, and inclusion means that as
an agency, and as individuals, we are committed to ensuring that
all employees and volunteers enjoy a respectful, safe, and
supportive working environment. Only by fostering the inclusion of
people from all backgrounds, cultures, and attributes, can OIC
employees and volunteers achieve their fullest potential and best
advance the goals and mission of the agency.
The Office of Insurance Commissioner is an equal opportunity
employer, does not discriminate on the basis of age, sex, marital
status, sexual orientation, race, creed, color, national origin,
honorably discharged veteran or military status, or the presence of
any sensory, mental, or physical disability or the use of a trained
service animal by a person with a disability. Persons requiring
reasonable accommodation in the application process or requiring
information in an alternative format may contact the recruitment
team at Recruitment@oic.wa.gov. Those with a hearing impairment in
need of accommodation are encouraged to contact the Washington
Relay Service at 1-800-676-3777 or www.washingtonrelay.com.
If you are having technical difficulties creating, accessing (log
in, password or email issues) or completing your application (error
messages), please call toll-free at (855) 524-5627.
For general questions regarding applying for jobs, contact the
recruiter or Recruitment@oic.wa.gov.
How to Apply:
Create an online account: Go to the job posting and click the big
green Apply button. You'll need to set up an account if you haven't
already.
Complete your application: Be sure to answer all the questions
fully and honestly. Avoid vague answers like see resume. This may
result in disqualification.
Attach your cover letter and resume. Applications that do not
include a cover letter and resume or are incomplete will be
automatically disqualified.
Provide references: List three people who have supervised your work
and can vouch for your skills. If you don't have enough, you can
include people like teachers, college professors, or other
professional colleagues.
Your application will be evaluated based on how closely your
qualifications and experience meet the required and/or preferred
qualifications of the position. Applications missing the requested
information or containing incomplete responses may be disqualified
and removed from further consideration.
General suggestions for creating a good application:
Read the job posting very carefully. Find out as much as you can
about the position.
Make sure you are very diligent in following all the application
instructions. Include all requested documentation.
Make sure your application and supplemental question responses
address how you meet each of the required and desired
qualifications.
Carefully read each of the supplemental questions and respond
completely to each one. Pay attention to each component of the
question, providing examples, and thoroughly describing when and
where you achieved the experience. Detail the types of work you
performed, the work products, etc., to demonstrate 'how'.
Specifically include all your work experiences doing the same or
similar work, especially if you reference work in these jobs in
describing when/where you gained experience or skills.
Make sure your application reflects your best writing.
Wage/salary depends on qualifications or state rules of
compensation (if currently a state employee).
Contact us: For inquiries about this position, please contact us at
recruitment@oic.wa.gov.
PI260490034
Apply Here
Keywords: State of Washington, Olympia , Staff Examiner (Financial Examiner 2), Accounting, Auditing , Olympia, Washington
Click
here to apply!
|