Insurance Company Examiner I

AgencyDept of InsuranceDivisionCompany Services GroupJob Classification TitleInsurance Company Examiner I (NS)Position Number60013679GradeNC12About UsThe mission of the North Carolina Department of Insurance is to promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect. Our agency licenses insurance agents, adjusters, bail bondsmen and more, along with investigating fraud matters involving insurance consumers and any entity or individual regulated by the Department. In an ever-changing environment, it is the vision of the Department of Insurance to maintain the stabilization of the insurance industry in order to provide more products, competitive prices and consumer protection.Description of WorkSalary Recruitment Range: $45,703 - $69,628Salary Grade: NC12This position currently qualifies for a hybrid telework option with routine office and up to one remote workday per week. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.Primary Purpose of the Position:This Financial Analyst position, which is part of the Captive Insurance Companies Division, will conduct financial analysis of North Carolina domestic captive insurance companies ("captive insurers") and captive insurer/captive management license applicants, utilizing the latest automated financial analysis systems and procedures intended to safeguard the financial solvency of these insurance companies. The position will evaluate applications to determine if the captive insurers or captive manager applicants meet the requirements for approval or licensing, and upon completion of each evaluation, this position will recommend appropriate North Carolina Department of Insurance ("Department") action. The position will also conduct financial analysis of licensed captive insurers to determine if they are compliant with applicable laws, regulations, procedures, and accounting practices required by this State. This position will render an opinion on the financial health of each assigned captive insurers, recommend any appropriate corrective actions, evaluate captive insurers proposals such as material business plans changes, dividend payments, and loans to or investment in affiliates, which require the approval of the Commissioner. The position will interact with people at all levels of experience within the captive insurer industry as well as within this Department. This interaction may include attendance at captive insurer conferences and events. The work is guided by state laws and regulations, Departmental policies and procedures, and guidance provided by the National Association of Insurance Commissioners.Knowledge Skills and Abilities/Management PreferencesEffective July 1, 2025, candidates now meet the minimum qualifications of a position if they have the minimum education and experience listed from the class specification. The knowledge, skills, and abilities listed in the vacancy announcement should be used as management preferences and be used to screen for the most qualified pool of applicants.Management Preferences:Basic knowledge of financial statements, financial ratios, and the impact of journal entries on financial statement components.Basic understanding of insurance concepts.Basic knowledge of generally accepted auditing standards (GAAS) and testing methods, generally accepted and statutory accounting principles (GAAP & SSAP), financial accounting concepts and theories and financial analysis procedures.Work experience communicating effectively in a clear and concise manner, in both oral and written form. Working knowledge of Microsoft Office Software.Minimum Education and ExperienceSome state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience, OR a combination of both. See the Education and Experience Equivalency Guide for details.Bachelor's degree from an appropriately accredited college or university, with the appropriate courses in accounting as defined in 21 NCAC 8A.0309 and other courses required to qualify as a candidate for the uniform certified public accountant examination, based on the examination requirements in effect at the time of graduation.*Please upload a copy your transcripts to demonstrate your completion of the required accounting courses.Benefits of NC State Employment:We value our employees and offer a wide variety of competitive and family-friendly benefits. Benefits include:12 Annual paid HolidaysNorth Carolina State Health Plan administered by AETNA Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and VisionNC State Retirement (TSERS)WeSave Employee DiscountsLearn more about employee perks/benefits:Why Work For NC?NC OSHR: Benefits.Supplemental and Contact Information:For consideration for this vacancy, all applicants must complete an online application using the “APPLY” button above.  To receive credit for your work history and credentials, you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit.***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy***Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript. The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment. Failure to accurately acknowledge