Insurance Examiner III

Overview

As an Examiner for the Vermont Department of Financial Regulation, Captive Insurance Division, your primary responsibilities include examinations and ongoing oversight of Vermont domiciled captive insurance companies. Utilizing a risk-focused approach, an Examiner will evaluate areas of captive insurance company operations and business practices, including corporate governance, strategy, business plan, IT systems, internal controls, financial reporting and regulatory compliance to ensure that the captive insurance company is able to meet its obligations to insureds and is compliant with Vermont regulations.

An Examiner also conducts research, participates on various task forces, is assigned special projects, and conducts annual and quarterly surveillance for a portfolio of companies. An Examiner must be self‑motivated and possess strong time management, organization, critical thinking and communication skills.

This position, Insurance Examiner III (Job Requisition #55043), is open to all State employees and external applicants.

As of July 12, 2026, the step 1 rate for pay grade 23 will be $28.05 per hour and the step 15 rate will be $43.80 per hour.

Work is performed primarily in a normal office setting at the office of the insurer being examined. Such offices may be located anywhere in the country, requiring travel and extended absence from the state. Work hours will vary according to examination and workload needs.

Master's degree in finance, accounting, business administration, or an equally relevant field AND two (2) or more years of experience at or above a technical level in accounting, auditing, or financial examination, INCLUDING at least one (1) year of experience in financial accounting for insurance enterprises.

OR

Bachelor's degree AND four (4) or more years of experience at or above a technical level in accounting, auditing, or financial examination, INCLUDING at least one (1) year of experience in financial accounting for insurance enterprises.

OR

Eighteen (18) months of experience as an Insurance Examiner II with the State of Vermont, with satisfactory completion of departmental performance requirements.

Note:

Employees must obtain CPA or AFE (Accredited Financial Examiner) designation within two (2) years of hire or promotion (not to exceed 4 years).

As a State employee you are offered a great career opportunity, but it's more than a paycheck. The State's total compensation package features an outstanding set of employee benefits that are worth about 30% of your total compensation, including:

• 80% State paid medical premium and a dental plan at no cost for employees and their families
• Work/Life balance: 11 paid holidays each year and a generous leave plan
• State Paid Family and Medical Leave Insurance (FMLI)
• Two ways to save for your retirement: A State defined benefit pension plan and a deferred compensation 457(b) plan
• Tuition Reimbursement
• Flexible spending healthcare and childcare reimbursement accounts
• Low cost group life insurance
• Incentive-based Wellness Program
• Qualified Employer for Public Service Student Loan Forgiveness Program

The State of Vermont celebrates diversity, and is committed to providing an environment of mutual respect and meaningful inclusion that represents a variety of backgrounds, perspectives, and skills. The State does not discriminate in employment on the basis of race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, membership in an employee organization, family medical history or genetic information, or family or parental status.

The State's employment decisions are merit-based. Retaliatory adverse employment actions by the State are forbidden.