Vacancy Announcement
Supervising Insurance Company Examiner
ND Insurance Department
Location:
Bismarck, ND
Salary:
$64,356 - $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
Date Posted to Web:
August 14, 2012
Minimum Qualifications:
- Requires a bachelor’s degree with a major in accounting finance, economics or related field, and
- Four years of professional work experience in conducting financial audits or examinations, two years of which must have been in a supervisory, lead or management capacity, and
- Requires designation of Certified Financial Examiner (CFE) or Accredited Financial Examiner (AFE) or Certified Public Accountant (CPA).
Preference will be given to qualified candidates who have a CFE or AFE designation.
Incumbents will be required to acquire a CFE designation within a reasonable period from initial employment.
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.
ND Relay Number: 1-800-366-6888
Summary of Work:
- Supervise the examinations of domestic insurance companies; provide leadership and technical support to staff examiners and contract examiners; ensure risk-focused standards are followed.
- Review examination files and draft reports; review ongoing financial analysis files of domestic insurance companies.
- Train, supervise and evaluate the performance of examiners; assess examination staffing needs and make examiner assignments; establish priorities and schedule examinations; coordinate joint examination activities with other state regulators; monitor time budgets and time reports.
- Interpret and apply North Dakota insurance laws and rules; identify significant compliance or operational problems with regulated entities and recommend a course of action; identify and communicate material adverse findings to Chief Examiner, Commissioner, and other state regulators.
- Review complicated or significant holding company transactions; analyze complex financial, investment, and reinsurance transactions; review proposed acquisitions of domestic insurers.
- Conduct conferences; consult on unique corporate problems, procedures, and statutory provisions; may testify before a state hearing officer and/or in courts of law.
- May conduct special examinations or investigations of a highly complex nature or requiring a high degree of technical knowledge or related to a troubled insurer; supervise or conduct the examination of proposed domestic insurance companies (newly chartered or re-domesticated).
- Modify or implement programs to ensure that the Department will maintain accreditation with the National Association of Insurance Commissioners (NAIC) Accreditation Program; evaluate the effectiveness and adequacy of procedures and devise methods for improving field examining techniques.
- Communicate with other insurance regulators and NAIC staff; may participate on NAIC committees.
- Evaluate proposed rules and legislation; participate in meetings with other agencies, industry representatives, and the public on insurance-related issues.
- Travel is required for approximately 40%, both in-state and out of state.
As an employer, the State of North Dakota prohibits smoking in all places of state employment.
Equal Opportunity Employer
The State of North Dakota and this hiring agency do not discriminate on the basis of race, color, national origin, sex, genetics, 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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