Audits Manager I-Financial Examiner

Full Job Description

THIS POSITION HAS BEEN REPOSTED. PREVIOUS APPLICANTS NEED NOT RE-APPLY AS ALL QUALIFIED APPLICATIONS WILL BE CONSIDERED.

Mission Statement:
The mission of the State of South Carolina Department of Insurance is to protect the insurance consumers, the public interest, and the insurance marketplace by ensuring the solvency of insurers; by enforcing and implementing the insurance laws of the State; and by regulating the insurance industry in an efficient, courteous, responsive, fair, and equitable manner. For more information about working at the SC Department of Insurance, please visit Department of Insurance, SC - Official Website | Official Website

This position is located in the Office of Financial Regulations and Solvency's Examination division.

Under the direction of the Chief Financial Examiner, oversees a staff of financial examiners to determine compliance by domestic insurers, both Traditional and Captive and HMO’s with South Carolina insurance statutes and regulations and the National Association of Insurance Commissioners (NAIC) Examiners Handbook and Accounting Guidance.

This employee and the staff of financial examiners have the responsibility of detecting financial problems on all companies licensed to operated in South Carolina. Extensive travel may be required, both in-state and out of state.

Job Functions:
Supervises examinations for all types of companies. Employee uses established Department and NAIC procedures /guidelines, is encouraged to recommend new / innovative auditing procedures . The employee receives instruction and guidance from Chief Examiner, must be able to function independently and use discretion in the audit tasks performed.

Assists in the training of and oversees the financial examiners who examine statutory statements and other relative financial information of companies licensed by this Department in accordance with established department procedures and NAIC guidelines to determine compliance with statutory requirements. Supervises and participates on large companies and priority companies as well as small to medium companies with no priority status.

Develops detailed written examination work plans in a timely manner and ensures detailed and accurate work paper documentation..

Prepares reports on examination in accordance with stipulated guidelines and ensures that work paper documentation supports examination findings in accordance with Department procedures.

Participates on special examinations including organizational examinations.

Requirements

Bachelors Degree with multiple accounting ,finance, and/or mathematics courses and professional experience in accounting, auditing, finance, insurance, business administration, tax preparation and/or analysis.

Qualifications

At least eighteen (18) hours of accounting preferred.

Experience in insurance accounting or other related experience; or substitution on a year for year basis of full-time, paid, related employment for the required education or related graduate level study for the required employment; or experience as a CPA. Computer skills and knowledge of electronic auditing preferred. The person must be eligible to be certified by the Society of Financial Examiners to hold the title of Certified Financial Examiner (CFE) within timeframe determined by the department 40 hours of continuing education required on an annual basis

Additional Information

THIS POSITION HAS BEEN REPOSTED. PREVIOUS APPLICANTS NEED NOT RE-APPLY AS ALL QUALIFIED APPLICATIONS WILL BE CONSIDERED.

Educational Credentials: Applicants indicating college credit or degree(s) on the application will be required to submit a sealed, certified copy of the transcript(s) prior to beginning employment.

Failure to produce an official, certified transcript will result in any conditional offer of employment being rescinded.

Equal Opportunity Employer:It is the policy of the South Carolina Department of Insurance to provide equal employment opportunities to all job applicants and employees without regard to their race, color, religion, national origin, sex (including, but not limited to, pregnancy, childbirth or related medical conditions and lactation), disability or age.

Veteran Preference Statement:South Carolina is making our Veterans a priority for employment in state agencies and institutions.

The Department of Insurance offers an exceptional benefits package for FTE positions that includes:

• Health, Dental, Vision, Long Term Disability, and Life Insurance for Employee, Spouse, and Children
• 15 days annual (vacation) leave per year
• 15 days sick leave per year
• 13 paid holidays
• State Retirement Plan (pension plan option) and Deferred Compensation Programs
• Employee Assistance Program
  • Free counseling sessions for employees and household members
  • Free legal counseling
  • Free financial counseling
• Flexible Work Schedules
  • Compressed work weeks
  • Part-time telecommuting upon completion of mandatory probationary period.
  • Flex-time
• Free Gym Access
• Growth Opportunities
  • Certifications/designation program allowing for salary increases and bonuses
• Infants at Work Programz
  • Employees eligible to bring their newborn/infant to the workplace
• Free Parking