Chief Financial Examiner

Description of Work *This is a repost.
Previous applicants must reapply to be considered* Salary Recruitment Range: $83,746 - $115,000 Salary Grade: NC25 This position currently qualifies for a hybrid telework option with routine office and remote workday.
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.
Mission of the Department of Insurance: 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.
Primary Purpose of the Position: This is a key position working in the Financial Examination Division.
This employee functions as the Chief Financial Examiner as described in the Financial Condition Examiners Handbook (“FCEH”), interviews and hires new employees, reviews examination work, and oversees a team of technical professionals on examinations of insurance companies that are domiciled in NC utilizing automated systems to identify risks, document risk assessments, and develop an overall examination approach to evaluate internal controls and perform substantive testing procedures.
The work involves the examination of statutory financial statements for the purpose of assessing the financial condition, legality, and propriety of operations.
The work is guided by State laws and regulations, departmental policies and procedures, the NAIC, and the AICPA as prescribed by Statements on Auditing Standards.
This employee must focus on the achievement of job specific and Departmental goals and must be a results-oriented individual who consistently complies with the cost, quality, quantity, and time expectations for the work and meet deadlines.
The position will have the opportunity to interact with people at all levels within the insurance companies as well as within this Department.
The Chief Examiner is responsible for overseeing and directing the examinations of the financial records relative to the business operations of insurance companies and other regulated entities which are licensed or otherwise authorized to do business in the State of North Carolina by the Commissioner of Insurance pursuant to N.
C.
G.
S § 58.
The employee may also participate in examinations of foreign insurance companies licensed in the State which are conducted under the Association Plan of the NAIC.
The work is guided by State laws and regulations, departmental policies and procedures, the NAIC, and the AICPA as prescribed by Statements on Auditing Standards.
This employee must focus on the achievement of individual and team specific goals and objectives, as well as those established by the Department for the division.
The employee must be a results-oriented individual who consistently complies with the guidelines described in the FCEH regarding completed work quality and quantity and meet deadlines.
The position will have the opportunity to interact with people at all levels within the insurance companies as well as within this Department.
This position makes hiring and promotion recommendations for employees within the division; supervises the daily operations of examinations in progress; performs complex examination procedures and reviews the completed work as specified in the FCEH.
The work is guided by State laws and regulations, departmental policies and procedures, the NAIC and the AICPA as prescribed by Statements on Auditing Standards.
Some in and out-of-state travel is required.
This position may perform other duties as assigned by management.
Incentives of NC State Employment: We value our employees and offer a wide variety of competitive and family-friendly benefits.
Benefits to include: 12 Annual paid Holidays North Carolina State Health Plan administered by Blue Cross Blue Shield of NC 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 new hire resources, safety, health, and wellness information, leave options, employee discounts and more by selecting the link below: https://oshr.
nc.
gov/state-employee-resources/benefits.
Knowledge, Skills and Abilities / Competencies Extensive knowledge of financial statements, the impact of journal entries on financial statement components, and the ability to apply knowledge effectively with applicable information technology software and systems.
Extensive knowledge of generally accepted auditing standards (GAAS) and testing methods, generally accepted and statutory accounting principles (GAAP & SSAP), financial accounting concepts and theories, financial examination procedures.
Knowledge of the concepts related to insurance companies and other regulated entities.
Knowledge of business risks, operations, financial transactions, and financial regulatory functions for consumer protection including regulation of capital standards, reserve requirements, and solvency monitoring.
Ability to technically oversee multiple examinations and recommend changes to standards of practice for all work performed.
Ability to think independently and assist in the development, modification and implementation of Department policies and procedures, and State laws and regulations.
Ability to develop plans to accomplish work operations and short-range goals and objectives.
Ability to plan strategies to meet long-range goals/objectives and arrange and assign work to use resources efficiently.
Ability to coordinate all administrative and technical services provided, ability to plan and implement changes in operations, and ability to establish work unit operating standards and procedures to comply with state and federal rules and regulations and agency/university practices, procedures and principles governing the fiscal program.
Ability to oversee the recruitment, selection, development, coaching, counseling, disciplining and evaluation of employees in the assigned work areas.
Ability to observe and assess work, provide feedback and technical supervision, plan and support employees in career development opportunities and provide for the professional development of staff and managers to ensure that managers and staff have the required technical and budget resources.
Ability to build long-range plans to fulfill legislative or mission driven Departmental goals and identify organizational structures and systems needed to support identified goals.
Ability to evaluate and allocate resources and oversee budget and contracts to ensure fiscal responsibility of the Department.
Management Preferences: A minimum of 7 years of supervisory/management experience.
Certified Public Accountant (CPA) Certified Financial Examiner (CFE) Minimum Education and Experience Requirements 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 and five years of experience in auditing insurance company operations or closely related accounting or auditing work; or an equivalent combination of education and experience.
Supplemental and Contact Information For consideration for this vacancy, all applicants must complete an on-line application using the “APPLY” button above.
If multiple applications are submitted to an individual posting, only the most recent application received prior to the posting close date will be evaluated for the consideration.
Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript.
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.
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.
The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment.
Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications, disciplinary action, and possible criminal prosecution.
The Department of Insurance/Industrial Commission 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.
***INCLUDE ALL RELEVANT EDUCATION, WORK EXPERIENCE IN THE DESIGNATED EDUCATION AND WORK HISTORY SECTION ON THE FORMAL APPLICATION*** ***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*** 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 using the above link.
Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.
Katie Hardy, HR Consultant NC Department of Insurance Human Resources Office Phone: (919) 807-6052