Sobre este puesto de Insurance Company Financial Auditor en State of Nebraska
The work we do matters!
Hiring Agency:
Insurance - Agency 22
Location:
Hiring Rate:
Job Posting:
Applications No Longer Accepted On (If no date is displayed, job is posted as open until closed):
Job Description:
Who we are: The Nebraska Department of Insurance exists for one very important reason – to protect you, the consumer. Our mission is to safeguard all those affected by the business of insurance through the fulfillment of our statutory obligations and by promoting the fair and just treatment of all parties to insurance transactions. To fulfill this role, we have approximately 100 team members. We work with other regulators both nationally and internationally, and with the National Association of Insurance Commissioners to fulfill our roles and responsibilities.
Additional information about the Nebraska Department of Insurance can be found on our website: https://doi.nebraska.gov.
What we do: Insurance is a unique product in that an insurance company collects premiums upfront with the promise to pay in the future; as a result, there is strong need for financial regulations and related ongoing monitoring to ensure insurance companies remain solvent.
Our Financial Examination Division is responsible for monitoring the financial solvency of one of the largest domestic industries in the country. As part of our financial solvency monitoring, we conduct ongoing analysis of quarterly financial statements and other statutory filings and conduct on-site financial examinations every three to five years. We take a risk-focused approach and strive to identify financial issues early to address problems and/or rehabilitate companies prior to insolvency.
Our financial examiners are experts in evaluating the processes and controls for more than one hundred (100) insurance companies, which is a very important service to the citizens of Nebraska, as well as citizens in other states.
Additional details regarding the responsibilities of the Financial Examiner are included below.
Why work for the Nebraska Department of Insurance?
The Nebraska Department of Insurance is nationally one of the most well-respected insurance departments. We take great pride in what we do and strive to provide an excellent work environment for our team. A Financial Examiner would enjoy the following benefits while working for the Department:
• Engaging and challenging work
• Supportive management and open-door policy
• Knowledgeable, Friendly and Fun Team
• Work-life balance with focus on providing flexibility
• Excellent health and wellness benefits
• Formal onboarding, training and development program to set-up any new team member for success
• Built-in opportunities for growth and advancement, including opportunity for advancement to Financial Examiner II within two years and Senior Financial Examiner within three years.
**Advancement contingent upon satisfactory job performance and obtaining Society of Financial Examiners designations. Any applicants that already have an AFE (Accredited Financial Examiner) or CFE (Certified Financial Examiner) designation, salary will be adjusted accordingly
Potential Promotions:
Examiner II – $79,243
Examiner III – $94,581
NOTE: This is an At-Will position and is under the discretion of the Director of Insurance.
Look at what we have to offer!
• 13 paid holidays
• Vacation and sick leave that begin accruing immediately
• Military leave
• 156% (that's not a typo!) state-matched retirement
• Tuition reimbursement
• Employee assistance program
• 79% employer paid health insurance plans
• Dental and vision insurance plans
• Employer-paid $20,000 life insurance policy
• Public Service Loan Forgiveness Program (PSLF) through the Federal government
• Wide variety and availability of career advancement as the largest and most diverse employer in the State
• Opportunity to be part of meaningful work and make a difference through public service
• Training and Development based on your career aspirations
• Fun, inviting teammates
• A safe and secure environment
At the State, we stand by our core values of treating others with dignity and respect, acting ethically in all situations, and creating an environment where our customer is our top priority. Apply to join our team today!
At the State, we stand by our core values of treating others with dignity and respect, acting ethically in all situations, and creating an environment where our customer is our top priority. Apply to join our team today!
Job Duties:
Extensively work on site at insurance companies verifying financial and non-financial information.
Work both independently as well as in conjunction with a team of fellow examiners in a variety of work environments.
Investigate insurance company activities and determine if an insurance company is in conformity with insurance industry accounting standards “Statements of Statutory Accounting Practices” (SSAP).
Investigate and analyze insurance company policies, procedures, operations and controls to detect possible regulatory statute violations and solvency concerns.
Review and verification of insurance company’s recordings of accounting transaction activities include but not necessarily limited to review of journal entries, ledgers, trial balances and various supporting source documentation.
Assist in the verification and review of insurance company information and data which supports items such as assets, net worth, liabilities, capital stock, surplus, income and expenditures.
Correspond with and conduct interviews with insurance company officials to verify and evaluate compliance with regulatory requirements and to obtain an understanding of insurance company operations.
Make clear and accurate assessments regarding whether an insurance company is adequately meeting compliance standards.
Timely prepare workpapers which are accurate, organized and clearly stated.
Identify and evaluate internal controls including Sarbanes-Oxley requirements.
Copies of your Transcripts, Cover Letter, Resume and References must be provided with the application and prior to any formal interview.
Requirements / Qualifications:
Minimum Qualifications: Bachelor’s Degree from an accredited college or university in a business-related field (accounting, economics, finance, risk management, etc.) with at least 15 accounting hours, including auditing, and at least three hours of Business Law. Accounting/auditing work experience is beneficial. Advancement does require completion of at least three hours of management coursework which can be acquired after hire, as well as meeting other requirements such as experience and verification of proven technical abilities.
Other: In-state and out-of-state travel is required. Applicant must have ability to travel out-of-state for up to 5 business days at a time. A significant amount of the work is performed in the Omaha area. A valid driver’s license or ability to provide independent authorized transportation is required. Regular and Reliable attendance is required.
Knowledge, Skills and Abilities:
- Analytical mindset
- Organized
- Detail-oriented
- Self-starter and ability to work independently with support
- Knowledge of theory and practice of accounting and auditing
- Working knowledge of Microsoft Excel, Word, and Outlook
- Ability to analyze financial data, company operations and preparation of reports
- Effective communication skills, both orally and written, to present information, comments, and recommendations clearly, concisely, and comprehensively
- Have an interest in making investigation inquiries to insurance companies regarding their accounting, processes, and controls
If you're currently employed by the State of Nebraska, please don't apply through this external career site. Instead, log in to Workday and open the Jobs Hub - Internal Apply app from your home landing page. You can access Workday anytime through the Link web page: https://link.nebraska.gov/
Benefits
We offer a comprehensive package of pay, benefits, paid time off, retirement and professional development opportunities to help you get the most out of your career and life. Your paycheck is just part of your total compensation.
Check out all that the State of Nebraska has to offer! Benefit eligibility may vary by position, agency and employment status. For more information on benefits, please visit: https://statejobs.nebraska.gov/index.html#benefits
Equal Opportunity Statement
The State of Nebraska values our teammates as well as a supportive environment that strives to promote diversity, inclusion, and belonging. We recruit, hire, train, and promote in all job classifications and at all levels without regard to race, color, religion, sex. age, national origin, disability, marital status or genetics.
