Insurance Certified Financial Examiner

Introduction

\r\n\r\n\r\n\r\n\r\n\r\nThe Connecticut Insurance Department (CID)is currently recruiting for an�Insurance Certified Financial Examiner position for the Field Financial Exam Unit.\r\n\r\n\r\nContinue to Enjoy\r\n\r\n\r\n Our State Employee Benefits Overview page!\r\n Professional growth and development opportunities\r\n A healthy work/life balance to all employees\r\n\r\n\r\n \r\n Position Details\r\n \r\n \r\n Full-time, 40 hours/week\r\n Monday-Friday\r\n 8:00 AM - 4:30 PM\r\n Hybrid work opportunity\r\n Located at 153 Market Street in Downtown Hartford, easily accessible for all commuters\r\n \r\n \r\n About Us\r\n \r\n Our mission at the State of Connecticut, Connecticut Insurance Department (CID) is consumer protection. The department carries out its mission by enforcing state insurance laws to ensure policy holders are treated fairly, by providing assistance, outreach and education to help consumers make sound choices and by regulating the industry in a fair and consistent manner that fosters market competition for availability of insurance.\r\n \r\n \r\n \r\n

Selection Plan

In order to be considered for this job opening you must be a current State of CT employee of the agency listed above for at least six (6) months of full-time service or full-time equivalent service, absent any applicable collective bargaining language, and meet the Minimum Qualifications as listed on the job opening.� You must specify your qualifications on your application.�\r\n\r\n\r\nFOR ASSISTANCE IN APPLYING:�\r\n\r\nCheck out our Applicant Tips on How to Apply! Need more resources? Visit our Applicant Toolkit for additional support throughout the recruitment process.��\r\nBEFORE YOU APPLY:�\r\n\r\n Meet Minimum Qualifications: Ensure you meet the Minimum Qualifications listed on the job opening by the job closing date. You must specify your qualifications on your application. The minimum experience and training requirements listed must be met by the close date on the job opening, unless otherwise specified. �\r\n Educational Credits: List your earned credits and degrees from accredited institutions accurately on your application. To receive educational credits towards qualification, the institution must be accredited. If the institution of higher learning is located outside of the U.S., you are responsible for providing documentation from a recognized USA accrediting service which specializes in determining foreign education equivalencies to the contact listed below by the closing date listed on the job posting.�\r\n Resume Policy: Per Public Act 21-69, resumes are not accepted during the initial application process. As the recruitment process progresses, candidates may be required to submit additional documentation to support their qualification(s) for this position. This documentation may include: a cover letter, resume, transcripts, diplomas, performance reviews, attendance records, supervisory references, licensure, etc., at the request and discretion of the hiring agency.�\r\n Preferred Shift/Location: Select all location(s) and shift(s) you are willing to work on your application. Failure to do so may result in not being considered for vacancies in that specific location or shift.�\r\n Timely Submission: All application materials must be received by the job posting deadline. You will be unable to make revisions once you officially submit your application to the State. �Late submissions are rarely accepted, with exceptions only for documented events that incapacitate individuals during the entire duration of the job posting. Request exceptions by emailing DAS.SHRM@ct.gov.�\r\n Salary Calculations: For current state employees, salary calculations are not necessarily comparable from one of the three branches of state government (i.e., Executive, Legislative, Judicial) to the other.�\r\n\r\n\r\n Note: The only way to apply to this posting is via the ‘Apply’ or ‘Apply Online’ buttons on the official State of Connecticut Online Employment Center job posting.\r\n\r\nAFTER YOU APPLY:�\r\n\r\n Some email providers may experience delays or issues delivering messages. To avoid missing important updates—such as referral questionnaires or interview scheduling links—please check your Personal Status Board regularly. For added convenience, you can also enable text (SMS) notifications. To do this, log in to your Personal Status Board and select “Update My Contact Information.”\r\n Referral Questions: This posting may require completion of additional Referral Questions (RQs), which must be completed by the questionnaire’s expiration date. If requested, RQs can be accessed via an email sent to you after the job close date or by visiting your JobAps Personal Status Board (Certification Questionnaires section).���\r\n Prepare For An Interview: Interviews are limited to those whose experience and training are most aligned with the role. To prepare, review this helpful Interview Preparation Guide to make the best impression!�\r\n Stay connected! Log in daily to your JobAps Personal Status Board to track your status and check email (including spam/junk folders) for updates and tasks.��\r\n The immediate vacancy is listed above, however, applications to this recruitment may be used for future vacancies in this job class.��\r\n Note: This position will be filled in accordance with contractual language, reemployment, SEBAC, transfer, promotion and merit employment rules. Candidates who are offered and accept a position with the State of Connecticut are bound by the State Code of Ethics for Public Officials and State employees, available at www.ct.gov/ethics.\r\n This\r\n employer may participate in E‑Verify and\r\n will provide the federal government with your Form I‑9 information to\r\n confirm work authorization.\r\n\r\nQUESTIONS? WE’RE HERE TO HELP:�\r\nDue to high volume, we are unable to confirm receipt or provide status updates directly. For recruitment updates, please check your Personal Status Board and review our Frequently Asked Questions. If you have additional questions about the recruitment process, reach out to Sharon McIntosh, at Sharon.McIntosh@ct.gov.\r\n\r\n

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Insurance Department, Financial Regulation Division, this class is accountable for leading insurance examiners in performing the most complex examinations of the financial and business records of insurance companies to assess financial conditions and market conduct compliance including responsibility for certifying the accuracy and completeness of financial audits, by signature of association examinations.\r\n

EXAMPLES OF DUTIES

\r\n\r\n\r\n Schedules, assigns, oversees and reviews the examination assignment work of team members;�\r\n Serves as examiner in charge of association examinations;�\r\n Provides staff training and assistance regarding procedures and techniques;�\r\n Assists in conducting performance evaluations;�\r\n Assists in determining unit priorities and plans;�\r\n Assists in establishing and maintaining unit procedures;�\r\n Assists in the development of standards and examination procedures;�\r\n Acts as liaison with other operating units, agencies and outside officials regarding unit policies and procedures;�\r\n Prepares reports and correspondence;�\r\n Supervises and coordinates insurance examination activities including auditing financial statements and holding company reports;�\r\n Assists in determining areas to be examined;�\r\n Oversees analysis activities and provides guidance to less experienced examiners regarding procedure and techniques;�\r\n Participates in hearings on financial condition of insurers;�\r\n Drafts hearing notices issued to insurers for violation of statutes and regulations;�\r\n Recommends administrative sanctions;�\r\n May conduct financial examinations;�\r\n May conduct examinations of financial conditions and market conduct compliance;�\r\n May conduct information systems and market conduct compliance audits;�\r\n Performs related duties as required.\r\n\r\n\r\n

KNOWLEDGE, SKILL AND ABILITY

\r\n\r\n Considerable knowledge of\r\n \r\n and ability to apply relevant state and federal laws, statutes and regulations;�\r\n and ability to examine and audit insurance companies information systems;�\r\n relevant agency policies and procedures;�\r\n accounting and auditing principles and practices involved in the examination of insurance companies;�\r\n the organization and business practices of insurance companies;�\r\n \r\n \r\n Considerable\r\n \r\n interpersonal skills;�\r\n oral and written communication skills;�\r\n \r\n \r\n Considerable ability to\r\n \r\n analyze and evaluate insurance company financial statements and reports by Certified Public Accountants, actuaries and consultants;�\r\n ability to assess market conduct;�\r\n \r\n \r\n Ability to utilize computer software;\r\n Some supervisory ability.\r\n\r\n\r\n

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Eight (8) years of experience in one or more of the following areas:�\r\n\r\n\r\n\r\n Regulatory examination of financial condition or market conduct of insurance companies;�\r\n Accounting, auditing, automated controls reviews or actuarial work in the insurance industry.\r\n\r\n\r\n

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

One (1) year of the General Experience must have been in an advanced working level or consultative capacity in professional work in insurance examining, auditing or automated controls reviews.\r\nNOTE: For state employees this is interpreted at the level of an Insurance Financial Examiner.\r\n

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

\r\n\r\n College training in accounting, insurance, business, finance, actuarial science, economics or other closely related field may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor's degree.\r\n A Master's degree in accounting, insurance, business, finance, economics or other closely related field may be substituted for an additional year of the General Experience.\r\n Certification in any of the following may be substituted for one (1) additional year of the General Experience: Certified Public Accountant, Certified Information System Auditor, Certified Internal Auditor.\r\n\r\n\r\n

PREFERRED QUALIFICATIONS

\r\n\r\n Experience serving as an EIC (Examiner in Charge) on examinations\r\n Experience providing staff training related to financial examinations\r\n Experience with written and interpersonal communication skills with stakeholders in the insurance industry\r\n Experience with the risk-focused examination process\r\n\r\n\r\n

SPECIAL REQUIREMENTS

\r\n\r\n Incumbents must possess at time of appointment and maintain during employment the designation of Certified Financial Examiner (CFE), Certified Information System Auditor (CISA) or Certified Public Accountant (CPA).\r\n Incumbents with a CISA designation must obtain and retain the designation of Automated Systems Examiner (AES) within 30 months of hire.\r\n Incumbents in this class may be required to travel.\r\n Incumbents in this class may be required to possess and retain a valid Motor Vehicle Operator’s license.\r\n\r\n\r\n

Conclusion

AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER\r\nThe State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.\r\n

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all-inclusive of every task and/or responsibility.\r\n