Vacancy Announcement

Senior Insurance Company Examiner
North Dakota Insurance Department

Location: Bismarck
Salary: $54,108 - $90,192 annually, dependent on experience
Closing Date: Open until filled
Position Number: 401-4878
Requisition Number: None
Status: Full-time, Regular
Type of Recruitment: Internal/External
Job Order Number: None
Date Posted to Web: October 5, 2009

Minimum Qualifications:

Requires a bachelor’s degree with a major in accounting or minimum of 21 accounting credits with additional course work in finance, computer science, economics or management and three years professional work experience of conducting audits and/or examinations of insurance companies.  This position requires certification as Certified Financial Examiner and working knowledge of Excel.  Preference will be given to applicants with a Certified Public Accountant (CPA) designation also.

Application Procedures:

Submit a completed State of ND Application for Employment (SFN10950) found at http://www.nd.gov/hrms/docs/forms/sfn10950.pdf , cover letter, resume, references, and college transcript to:

North Dakota Insurance Department
Attn:  Shelly Weisz
600 E Blvd Ave.
Bismarck  ND  58505-0320

Application materials may also be submitted by fax to (701) 328-4880 or emailed to sweisz@nd.gov. 

Applicants who are residents of North Dakota and eligible to claim veteran’s preference must include a copy of DD Form 214.  Claims for disabled veteran’s preference must also include a current statement of disabled status from the U.S. Department of Veteran Affairs. 

Summary of Work:

• Interpret and apply North Dakota insurance laws and rules; identify areas of insurer compliance and noncompliance with statutory requirements; prepare written recommendation to explain statutory requirement and associated noncompliance issues.
• Assist in the development and implementation of department policies and procedures; modify or implement standards to ensure that the Department will maintain accreditation with the National Association of Insurance Commissioners (NAIC) Accreditation Program.
• Plan, supervise, establish priorities, schedule, and conduct, as examiner-in-charge, the examination of insurance companies to ensure that the financial condition is accurately reported to the Insurance Commissioner in accordance with Department policy, the NAIC’s Accounting Practices and Procedures Manual, the Purposes and Procedures manual of the NAIC Securities Valuation Office, and the NAIC’s Quarterly and Annual Statement Instructions.
• Monitor progress of examinations and adherence to time and budget; document and organize work papers; prepare the examination report and present examination findings to insurance company executives and boards of directors; discuss violations and deficiencies that appear in the report; provide guidance in the correction of noted issues.
• In adherence with the NAIC Financial Examiners Handbook, verify the existence, completeness, valuation, and disclosure of assets; determine the adequacy, completeness and disclosure of liabilities; assess the adequacy of internal controls both in the accounting and information systems areas; assess the risk of material misstatement due to fraud; review corporate records and organizational practices for compliance with NAIC and industry standards.
• Ensure that reported transactions and balances are classified in accordance with NAIC Instructions.
• Coordinate joint examination activities with other state counterparts; monitor other state and federal requirements that impact insurance company operations and increase risk of noncompliance.
• Manage and maintain confidentiality of all aspects of remote field examinations.
• Participate in the selection of examiners; plan, assign, supervise, develop and provide training tailored to specific professional development needs of assigned examiners and evaluate their work.
• Conduct special investigations of troubled insurance companies; recommend enforcement actions to the Chief Examiner or Commissioner; draft enforcement actions and prepare reports.
• Provide critical information to the Chief Examiner and Commissioner regarding potential failure of insurance companies; may testify before a state hearing officer and/or in courts of law.
• Review and recommend changes to state laws and regulations; conduct and participate in industry outreach programs.
• Travel is required for approximately 55%, both in-state and out of state.

Equal Opportunity Employer
The state of North Dakota does not discriminate on the basis of race, color, national origin, sex, religion, age, or disability in employment or the provision of services, and complies with the provisions of the North Dakota Human Rights Act.

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