Staff Examiner - Financial Condition Examiner

Job Title : Staff Examiner - Financial Condition Examiner

We are seeking a highly skilled Staff Examiner - Financial Condition Examiner to join our team. As a Staff Examiner - Financial Condition Examiner, you will be 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.

All candidates should make sure to read the following job description and information carefully before applying.

Key Responsibilities :

• 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, and examine 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.

Requirements :

• 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.

Please note that '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.
6 hours ago