Insurance Company Financial Examiner Trainee

Overview

Job Requisition : 53041
Closing Date: 02/05/2026
Agency: Department of Insurance
Class

Title:

INSURANCE CO FINANCIAL EXMNR TRN (21610)
Skill Option: None
Bilingual Option: None
Salary: $4,756 - $6,533 (Anticipated starting salary non-state $4,756/CBA Language applies)
Job Type: Salaried
Category: Full Time
County: Cook
Number of Vacancies: 2
Bargaining Unit Code: RC062 Technical Employees, AFSCME
Merit Comp Code:

This position is a union position; therefore, provisions of the relevant collective bargaining agreement/labor contract apply to the filling of this position.

Application Instructions: All applicants who want to be considered for this position must apply electronically through the Illinois Jobs website. State of Illinois employees should click the link near the top left to apply through the Success Factors employee career portal. Applications submitted via email or any paper method will not be considered. Answer all application questions thoroughly; do not state “SEE RESUME”.

The Department of Insurance is seeking to hire an Insurance Company Financial Examiner Trainee. Under immediate supervision, for up to twelve months, the trainee receives training and is assigned tasks of increasing difficulty to develop knowledge, understanding and practical skills for examining the financial and operational records of life, accident and health insurance companies, property and casualty insurance companies and other types of insurance entities.

The trainee learns to determine compliance with the Illinois Insurance Code, rules and regulations, and statutory accounting practices and procedures; communicates with company personnel and other examiners regarding examination procedures and findings. Travels to various insurance company sites as examination team member within and outside the State of Illinois. We invite all qualified applicants to apply.

• Under immediate supervision, for up to twelve months, receives on-the-job instruction and guidance in learning to perform a variety of assignments to develop knowledge and skills for risk‑focused examinations in accordance with the NAIC Financial Examiners Handbook.
• Receives exposure to all aspects of the financial examination process to develop knowledge and practical skills.
• As a financial examination team member, performs risk-focused examination/analysis in accordance with the NAIC Financial Examiners/Analysis Handbook.
• Participates with higher level examiners in meetings and interactions with insurance company officials and industry representatives.
• Learns to prepare electronic working papers to support examination findings.
• Performs other duties as required within the scope of duties above.

• Requires a bachelor’s degree with 21 semester hours of coursework in accounting (3 hours of auditing), plus additional coursework in business, economics, finance, insurance, information technology, risk management, finance or a closely related field.

• Prefers elementary knowledge of insurance accounting and auditing theories, methods, standards and procedures.
• Prefers basic knowledge of spreadsheets and computer applications.
• Prefers ability to prepare documentation and reports of examination findings in a logical and concise manner.
• Prefers ability to complete on-the-job training assignments for financial examination of insurance companies.
• Prefers ability to learn and retain knowledge of the Illinois Insurance Code and applicable laws, rules, regulations, and current accounting practices that govern the insurance industry.
• Prefers ability to perform duties professionally, efficiently and ethically and to maintain confidentiality of company information obtained during the examination.
• Prefers ability to establish effective working relationships with agency staff and insurance company officials and representatives.
• Prefers ability to acquire knowledge of the structure, operation, and management of insurance companies.
• Prefers elementary knowledge of technology used in the insurance industry.
• Prefers elementary knowledge of business administration practices as related to insurance companies.