Managing Insurance Examiner

Job Description

This is professional services work of a supervisory nature in analyzing and assessing current and long‑term trends in investment or self‑insurance activities of companies and businesses. The role includes determining compliance of self‑insurers with applicable laws, rules, regulations, and guidelines; analyzing investment activities of insurance companies; and performing studies regarding self‑insurance plans to determine feasibility.

Work is performed under limited supervision.

Salary: $63,689.60 – $90,438.40 annually.

Location:

Gardiner, ME. Job class code: 0324, Grade: 28 (Supervisory).

• Assess current and long‑term trends in investment or self‑insurance risks and other information to determine financial impact and company stability.
• Summarize data, set forth current and long‑term risk trends, and measure economic influence affecting insurance company investment programs to determine status of investments.
• Research and analyze losses and adverse financial trends to suggest remedial measures.
• Determine compliance with applicable laws, rules, regulations, and guidelines to provide continuing authority to individual or group self‑insurers.
• Determine bond values on deposit funds, test asset portfolios, value securities, and analyze insurers' credit to verify company’s financial viability.
• Perform studies regarding self‑insurance plans to determine plan feasibility.
• Analyze applications from companies for self‑insurer status to determine financial viability of applicant to self‑insure.
• Implement and comply with human resources laws, policies, procedures, and practices such as AA/EEO, recruitment, employment, position classification, performance appraisals, training, discipline, contract administration, human resources components of security protocols of agency information security and confidentiality policies, and employee safety.

• Knowledge of accounting theory, principles, and practices.
• Knowledge of federal and state laws, rules, and regulations governing the regulation of the insurance industry.
• Knowledge of self‑insurance principles and programs, surety bonding, and primary excess insurance.
• Ability to supervise subordinate personnel.
• Ability to analyze and evaluate financial records, reports, and systems.
• Ability to analyze and assess investment and self‑insurance activities.
• Ability to evaluate, summarize, and report on analysis findings.
• Ability to establish and maintain effective working relationships.
• Ability to use applicable computer programs.

An eight (8) year combination of education and/or experience in financial analysis and/or the analysis of insurance industry practices.

• Work‑Life Fit – Rest is essential. Take time for yourself using 13 paid holidays, 12 days of sick leave, and 3+ weeks of vacation leave annually. Vacation leave accrual increases with years of service, and overtime‑exempt employees receive personal leave.
• Health Insurance Coverage – The State of Maine pays 85%‑100% of employee‑only premiums ($12,845.82 – $15,112.76 annual value), depending on salary. Use this chart to find the premium costs for you and your family, including the percentage of dependent coverage paid by the State.
• Health Insurance Premium Credit – Participation decreases employee‑only premiums by 5%. Visit the Office of Employee Health and Wellness for more information about program requirements.
• Dental Insurance – The State of Maine pays 100% of employee‑only dental premiums ($395.72 annual value).
• Retirement Plan – The State contributes the equivalent of 14.11% of the employee’s pay toward the Maine Public Employees Retirement System (MainePERS).
• Parental leave – Six weeks of fully paid parental leave. Additional unpaid leave may also be available, under the Family and Medical Leave Act.
• State employees are eligible for an extensive and highly competitive benefits package, covering many aspects of wellness.
• Note:
  
  Benefits may vary somewhat according to specific collective bargaining agreements and are prorated for anything less than full‑time.

As an Equal Opportunity employer, Maine State Government embraces a culture of respect and awareness. We are committed to creating a strong sense of belonging for all team members, and our process ensures an inclusive environment for applicants of all backgrounds including diverse race, color, sex, sexual orientation or gender identity, physical or mental disability, religion, age, ancestry, national origin, familial status or genetics.

Applicants can request reasonable accommodations. A reasonable accommodation is available for qualified individuals with disabilities.