Insurance Company Examiner I

Agency

Dept of Insurance

Division

Administration

Job Classification Title

Insurance Company Examiner I (NS)

Position Number

60013658

Grade

NC12

About Us

The mission of the North Carolina Department of Insurance is to promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect. Our agency licenses insurance agents, adjusters, bail bondsmen and more, along with investigating fraud matters involving insurance consumers and any entity or individual regulated by the Department. In an ever-changing environment, it is the vision of the Department of Insurance to maintain the stabilization of the insurance industry in order to provide more products, competitive prices and consumer protection.

Description of Work

Position number: 60013658
Salary Recruitment Range :$47,703 – $71,770
Salary Grade: NC12

The posting will close at 11:59 p.m. the night before the closing date.

This position currently qualifies for a hybrid telework option with routine office and up to one remote workday per week. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.

This is a key position in the Special Entities Division. This employee will conduct financial reviews of Continuing Care Retirement Communities (“CCRCs”), Professional Employer Organizations (“PEOs”), and individual employers who self-insure their workers’ compensation liabilities (“SIWCs”). Using financial analysis systems and procedures, this employee will monitor and analyze the financial solvency of CCRCs, PEOs, SIWCs, and other regulated entities to protect North Carolina consumers by conducting the following:

Determine if regulated entities are maintaining compliance with applicable laws, regulations, procedures, and generally accepted accounting principles as required by this State.

Render an opinion on the financial health of each assigned regulated entity and recommend any appropriate corrective actions.

Evaluate regulated entity applications and other filings such as initial licensing, facility expansions, changes of control, mergers or combinations, waiver requests, and management agreements, which require the approval of the Commissioner.

This employee will have the opportunity to interact with people at all levels within the regulated entities as well as within the Department of Insurance. The work is guided by State laws and regulations and Departmental policies and procedures.

Job Description
Conduct financial analysis work in order to monitor the operations and financial condition of proposed and licensed regulated entities, including CCRCs, PEOs, and SIWCs, for compliance with the solvency laws of North Carolina. Work involves independently analyzing financial statements, mergers and combinations, acquisitions, independent auditor reports, actuarial reports, business plans, operations, and other proposed transactions. Employee interacts with Department management and lower and mid-level staff of regulated entities. The position documents findings and makes recommendations on necessary and appropriate actions based on pre-established guidelines and State law.

Knowledge Skills and Abilities/Management Preferences

Experience with and a basic knowledge of financial statements, financial ratios, and the impact of journal entries on financial statement components. 

Experience documenting facts, findings, conclusions, and recommendations.

Experience working both independently and collaboratively with a team.

Experience managing time effectively to ensure that multiple projects are completed in timely manner.

Strong written and oral communication skills.

 

Other Management Preferences:

Inclusion of transcripts from appropriately accredited college or university.

Minimum Education and Experience

Some state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience, OR a combination of both. See the Education and Experience Equivalency Guide for details.

Bachelor's degree from an appropriately accredited college or university, with the appropriate courses in accounting as defined in 21 NCAC 8A.0309 and other courses required to qualify as a candidate for the uniform certified public accountant examination, based on the examination requirements in effect at the time of graduation.

Benefits of NC State Employment: 

We value our employees and offer a wide variety of competitive and family-friendly benefits. Benefits include: 

• 12 Annual paid Holidays 
• North Carolina State Health Plan administered by AETNA  
• Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision 
• NC State Retirement (TSERS) 
• WeSave Employee Discounts 

Learn more about employee perks/benefits: 

• Why Work For NC? 
• NC OSHR: Benefits  

Supplemental and Contact Information: 

For consideration for this vacancy, all applicants must complete an online application using the “APPLY” button above. 

To receive credit for your work history and credentials, you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit.  

***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy*** 

Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript.  

The Department of Insurance is an Equal Employment Opportunity employer and uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals. 

Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC, your academic credentials will be verified. 

Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax. 

Applicants seeking Veteran's Preference under N.C.G.S .126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date. 

Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system. Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied. 

For more information about NCDOI: http://www.ncdoi.gov/  

EEO Statement

The State of North Carolina is an Equal Employment Opportunity Employer and dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy, childbirth, or related medical conditions; and for religious beliefs, observances, and practices.

Recruiter:

Gretchen Marie Senez

Recruiter Email:

GRETCHEN.SENEZ@NCDOI.GOV