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INSURANCE SENIOR EXAMINER

Date:  Aug 30, 2021
Req ID:  8039
Location: 

Little Rock, AR, US, 72202

Category:  STATE INSURANCE DEPARTMENT
Anticipated Starting Salary:  50221.81

Position Number: 2208-8127 
County: Pulaski 
Posting End Date:  

Anticipated Starting Salary:  $50,221.81

Finance  

The mission of the Department of Commerce is to champion economic opportunities through strategic initiatives and an equitable regulatory environment that attracts and grows businesses, safeguards consumers, enhances workforce quality, and energizes our infrastructure, creating a better quality of life for all Arkansans.

Position Information

Class Code: A042C

Grade: GS09

FLSA Status: EXEMPT

Salary Range: $50,222.00 - $72,822.00

Summary

The Insurance Senior Examiner is responsible for planning and performing complex financial insurance examinations, examining company financial statements, and analyzing and evaluating company financial data and records. This position is governed by state and federal laws and agency/institution policy.

Functions

Examines assets, liabilities, income, and expense items contained in insurance entities financial statements. Reviews and analyzes new, proposed, or revised laws, regulations, policies, and procedures in order to ensure compliance with laws and regulations. Performs financial insurance examinations based on the procedures and policy in accordance with NAIC Financial Condition Examiners Handbook. Communicates with officers of insurance entities concerning company operations and questions/raised during the examination process. Drafts and revises procedures for the finance division as needed to maintain accreditation. Assists in training entry level examiners. Performs other duties as assigned.

Dimensions

Knowledge, Skills and Abilities

Knowledge of Arkansas insurance laws, regulations, and bulletins. Knowledge of organizational and management structure of insurance companies. Knowledge of National Associations of Insurance Commissioners (NAIC) guidelines. Knowledge of Generally Accepted Accounting Practices and Principles (GAAP). Knowledge of financial examination procedures. Ability to interpret and apply rules, laws, and policies to specific situations. Ability to interpret and analyze automated accounting transactions. Ability to communicate orally and in writing. Ability to use standard office equipment and computer software programs to produce reports and correspondence. Ability to assign and coordinate work activities and monitor the performance of co-workers.

Minimum Qualifications

The formal education equivalent of a bachelor's degree in accounting, finance, business administration, or a related field; plus two years of experience in financial management, insurance company accounting, auditing, or related area. Must have completed necessary course work offered by the Society of Financial Examiners and certification as a Certified Financial Examiner. Additional requirements determined by the agency for recruiting purposes require review and approval by the Office of Personnel Management. OTHER JOB RELATED EDUCATION AND/OR EXPERIENCE MAY BE SUBSTITUTED FOR ALL OR PART OF THESE BASIC REQUIREMENTS, EXCEPT FOR CERTIFICATION OR LICENSURE REQUIREMENTS, UPON APPROVAL OF THE QUALIFICATIONS REVIEW COMMITTEE.

Licenses

None

The State of Arkansas is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, pregnancy, age, disability, citizenship, national origin, genetic information, military or veteran status, or any other status or characteristic protected by law.


Nearest Major Market: Little Rock