This recruitment is open until filled, with an initial screening date of September 23, 2019. In order to be considered for the initial screening, please submit an application on or before September 22, 2019. the agency reserves the right to make an appointment anytime after the initial screening date.
The Office of the Insurance Commissioner's (OIC) Financial Condition Examination Unit is seeking a motivated and qualified individual to fill a Chief Financial Examiner position. This position is assigned to the Company Supervision Division, located in our downtown Seattle office.
The Company Supervision Division is responsible for the licensing, financial and market oversight, and resolution of insurers authorized to do business in Washington state. The Financial Examination unit is primarily responsible for the periodic, on-site examinations of authorized insurers and other entities as required by Title 48 RCW and the National Association of Insurance Commissioner's (NAIC) Accreditation Standards.
This position is responsible for developing and administering the OIC's policy relating to the protection, by way of financial examination, of policyholders, creditors, the public, and the state's economy from harm caused by insurer insolvency. That responsibility includes identifying needs, developing proposals for laws, rules and NAIC activity to address those needs, and then creating or modifying, and implementing OIC policy to address perceived needs.
This position is ultimately responsible for 20 staff positions and a biennial budget allotment of $5.8 million supporting a statewide program designed to protect the public from the impacts of insurer insolvency.
This is a classified, WMS-Band 3 position. Salary up to $125,100 (DOQ) with a 5% premium while the position is based in King County.
AGENCY PROFILE AND VALUES
The Office of the Insurance Commissioner (OIC) operates under the direction of the state's Insurance Commissioner, a statewide elected official. Our mission is provide consumer protection and regulation of the state's insurance industry.
With a workforce of approximately 240 employees, we are one of the smaller state agencies in Washington state government and are fortunate to have a stable funding source that does not rely on the state's general fund.
Because we are a small agency, you will truly get a chance to understand the 'big picture' of what we do and why we do it. You will also have a chance to get to know your co-workers.
We have high employee satisfaction scores and we value diversity in the workplace. We challenge our employees to continuously improve the way we do business, and to meet and exceed the needs of our customers.
A stable funding source that does not rely on the state's general fund.
The fulfillment of public service.
Excellent work-life balance.
Commitment to diversity in the workplace and support one another with respect and trust.
Free King County ORCA Transit pass for public transportation.
Participate as a member of the Company Supervision management team. Assume role of acting deputy commissioner, when requested.
Develop, implement and enforce policies and standards for OIC's statewide Financial Examination function.
Contribute benefit of experience and expertise to the development of policy for the division's mission of Insurer solvency surveillance.
Approve form and content of examination reports before forwarding reports for approval or adoption.
Provide policy based direction for scheduling of examinations in a way that meets statutory requirements, NAIC accreditation standards, and OIC's mission goals, and allows the required, nationwide coordination/collaboration with other states' examinations.
Assure OIC compliance with NAIC accreditation requirements relating to the financial examination function.
Supervision of professional staff (Washington Management Service and Washington General Service).
Bachelor's Degree, with a minimum of 26 quarter or 24 semester hours in accounting.
Five years supervisory experience.
Five years of qualifying professional experience in accounting or auditing (i.e., experience as an accountant, auditor, or examiner with a public accounting firm or as an accountant, internal auditor, or external auditor or examiner of insurance companies, banks, savings and loan associations, etc., State or Federal).
A Master's degree or fifth year Bachelor's degree (225 quarter or 150 semester hours) in accounting or business administration with a minimum of 26 quarter or 24 semester hours in accounting may substitute for one year of the required experience.
5 years' experience in regulatory environment.
Basic level skills in Microsoft Office products (Excel, Outlook, Word)
Familiarity with NAIC programs and operations.
Professional work experience with insurance company operations.
A Certified Public Accountant (CPA) license granted by Washington state, or any state in the US which has reciprocity with Washington; OR, Certified Financial Examiner (CFE) certificate in the insurance discipline as granted by the Society of Financial Examiners.
Experience supervising those whom supervise others.
How to Apply: Applications for this recruitment will be accepted electronically at www.careers.wa.gov. Please select the large green "apply" button at the top of this announcement. If you have not done so previously, you will need to set up an account profile.
To be considered for this position you will need to answer the supplemental questions, and attach a letter of interest, resume and three professional references. Your letter of interest should describe how your experience, training and education make you a viable and competitive candidate for this position.
Contact us: For inquiries about this position, please contact Shelly MacKinder at 360.725.7011.
If a degree or other credentials are listed by the candidate, proof will be required at the finalist stage. Candidates are encouraged to pre-plan for this. University degrees must be recognized by the U.S. Department of Education and the Council for Higher Education Accreditation (CHEA) or foreign equivalent
Prior to a new hire, a background check including criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining the applicant's suitability and competence to perform in the position.
If claiming veteran status, please send your DD 214 to email@example.com with "Chief Fin Ex – DD214" in the subject line. Please do not attach the DD 214 to your application materials. Please black out personally identifiable data such as social security numbers.
The Office of Insurance Commissioner is an equal opportunity employer. Auxiliary aides and services are available upon request to individuals with disabilities. Please contact the recruiter listed above.
Internal Number: 2019-08682
About Washington State Office of the Insurance Commissioner
The Washington state Office of the Insurance Commissioner protects insurance consumers and oversees the insurance industry.
We make sure insurance companies follow the rules and people get the coverage they've paid for.
Each year, we answer questions and investigate problems for nearly 100,000 people. Additionally, we maintain a statewide network of volunteers who advise consumers on health-coverage issues.