Insurance Examiner; Examination And Market Conduct

Introduction

The Connecticut Insurance Department (CID) is currently accepting applications for an Insurance Examiner (Examination And Market Conduct) within the Field Examination Unit in Hartford, CT

Our State Employee Benefits Overview page!

• Professional growth and development opportunities.
• A healthy work/life balance to all employees.

• Monday - Friday.
• 8:00 AM to 4:30 PM.
• Full Time, 40 hours per week.
• Hybrid (combination of in-office/telework).
• Location:
  
  280 Trumbull Street in Downtown Hartford, easily accessible for all commuters.

The Insurance Examiner (Examination And Market Conduct) will work within the Financial Regulation Division, and will be assigned to one of the field financial exams of an insurance entity that is underway, as part of the exam team. The successful incumbent will report directly to the Examiner-in-Charge of the exam assigned to. Once an exam ends, you will be assigned to another exam.

The Insurance Examiner (Examination And Market Conduct) will assist on a 'key activity' with a more experienced Examiner. This includes examining items such as investments, premiums, claims, etc. There will be both formal training and on-the-job training.

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 policyholders 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 the availability of insurance.

This employer may participate in E-Verify and will provide the federal government with your Form I-9 information to confirm work authorization. If you have additional questions about the recruitment process, reach out to Brittney Woodley dley.

Due 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 Brittney Woodley dley. Join the State of Connecticut and take your next career step with confidence!

In the Insurance Department, Financial Regulation Division, this class is accountable for independently participating in the examination of the financial and business records of insurance companies to assess condition and market conduct.

• Participates in examinations of insurance companies' records;
• Traces each item of a financial statement to original sources;
• Verifies and computes liabilities;
• Verifies cash and bank balances;
• Verifies annual statements and reports submitted to the Insurance Commissioner;
• Verifies proper market conduct including rates charged and claims paid;
• Prepares or assists in preparing examination reports;
• May conduct office audits of annual statements of licensed insurance companies and complaint registers;
• May assist in the preparation of hearing materials;
• Performs related duties as required.

• Knowledge of accounting and auditing principles and practices;
• Knowledge of the organization, terminology and business practices of insurance companies;
• Knowledge of life actuarial reserves;
• Knowledge of and ability to interpret and apply insurance statutes, regulations and bulletins and the Uniform Administrative Procedures Act;
• Skills:
  
  oral and written communication skills;
• Skills:
  
  interpersonal skills;
• Ability to analyze and evaluate insurance company financial records and statements;
• Ability to calculate complex mathematical formulas;
• Ability to utilize computer software;
• Performs related duties as required.

Six (6) years of experience in one or more of the following areas: governmental examination of financial condition or market conduct of insurance companies, accounting, auditing or actuarial work.

Two (2) years of the General Experience must have been at the paraprofessional level.

NOTE:

This experience is interpreted as work requiring the exercise of some independent judgment in the application of basic principles and practices of governmental examination of financial condition or market conduct of insurance companies, accounting, auditing or actuarial work.

• Successful completion of an Accounting Careers Trainee program approved by the Department of Administrative Services may be substituted for the General Experience and Special Experience.
• College training with courses in accounting 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.
• A Master's degree in accounting, insurance,…