Licensing and Compliance Examiner; FPA

Job Description

Company Licensing and Compliance Examiner – FPA 4 is a Washington General Service position located in the Tumwater Office of the Office of the Insurance Commissioner (OIC). This role is part of the Company Supervision Division and is responsible for evaluating and monitoring the financial, operational, and regulatory compliance of insurance companies and auxiliary entities seeking authorization to operate in Washington state.

• Conduct complex reviews and analyses of insurance company and auxiliary company licensing applications to ensure compliance with Washington state laws, federal regulations, and NAIC accreditation standards.
• Evaluate financial solvency, capitalization, corporate structure, business operations, and regulatory filings to determine eligibility for licensure or registration.
• Analyze financial statements, risk‑based capital projections, debt‑to‑equity ratios, premium ratios, business plans, and other documentation to assess regulatory compliance and financial integrity.
• Prepare detailed analytical recommendations regarding approval or disapproval of company licensure, registration, and corporate amendment filings.
• Ensure licensing and compliance reviews are completed accurately, efficiently, and within required statutory and accreditation timelines.
• Serve as a subject‑matter expert on company licensing requirements and provide technical guidance to agency staff, regulated entities, attorneys, and other stakeholders.
• Represent the OIC in hearings, regulatory discussions, and other legal or compliance‑related proceedings.
• Conduct complex compliance reviews and investigations involving insurer operations, corporate amendments, and regulatory filings to ensure compliance with RCWs and WACs.
• Identify potential violations of insurance laws and regulations, prepare enforcement referrals, and provide supporting documentation for regulatory action.
• Provide mentorship, training support, and technical assistance to licensing analysts and contribute to the development and improvement of agency procedures and processes.

• Seven (7) years of progressively responsible professional work experience in the insurance industry, financial oversight, or regulatory compliance.
• Experience should include substantive work involving financial analysis, solvency monitoring, audit or examination functions, or financial operations within a regulated entity.
• Intermediate skill level with Microsoft Office (Word, Excel, Outlook) and basic skills with Adobe Acrobat.
• Degree in accounting, business administration, economics, finance, or related field from an accredited institution. If a foreign degree, provide credential evaluation.

• Prior experience as a Functional Program Analyst 3 with the Washington OIC.
• Demonstrated experience in financial oversight of regulated entities, including review of financial statements under SAP or GAAP, trend analysis, ratio analysis, and risk‑based capital assessment.
• Experience conducting financial examinations, market conduct analysis, or internal audits involving financial controls or compliance.
• Two or more years of work experience in accounting, banking, auditing, or financial services.
• Experience reviewing or interpreting complex insurance contracts or rate filings.
• A master’s degree in accounting, finance, economics, or business administration.
• Professional designations such as AFE, CPCU, FLMI, CIE, AIE, AIRC, APIR, or PIR.

• Comprehensive benefits package: health, dental, vision, retirement, paid leave (vacation, sick, etc.).
• Supportive work environment; value diversity, professional growth, and collaboration.
• Wellness programs and flexible schedules with telework opportunities.
• Public service fulfillment and continuous learning through tuition reimbursement, Public Service Loan Forgiveness, and other programs.
• Free parking (Tumwater) and public transportation pass (Thurston County).
• Monthly salary range: $5,666 – $7,622.

The Office of Insurance Commissioner is an equal‑opportunity employer and does not discriminate on the basis of age, sex, marital status, sexual orientation, race,…