Deputy Chief Financial Officer (WMS 3)
State of Washington
FreshPosted Jan 13
Recent Listing
Posted: January 5, 2026 (9 days ago)
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Financial Examiner 2
State of Washington
Office of the Insurance Commissioner
Location
Washington, 98504
Salary
$5,812 - $7,816
per month
Type
Full Time
More Finance & Accounting jobs →Closes
February 6, 2026More State jobs →
Job Description
Summary
This job involves reviewing the financial health of insurance companies to ensure they follow state rules and can pay out claims to customers, helping protect people in Washington from insurance issues.
A good fit would be someone who enjoys digging into numbers, spotting risks, and working as part of a team to support public safety in the insurance world.
It's ideal for detail-oriented professionals interested in finance and regulation who want a stable government role with growth opportunities.
Key Requirements
- Strong skills in financial analysis and reviewing statements
- Knowledge of auditing practices and internal controls
- Understanding of insurance regulations and solvency risks
- Experience with compliance reviews and regulatory standards
- Ability to work collaboratively in a team environment
- Bachelor's degree in accounting, finance, or related field (preferred)
- Proficiency in structured examination methodologies
Full Job Description
This recruitment will remain open until February 5, 2026. The agency reserves the right to make a hiring decision at any time after the initial screening date on January 12, 2026. It is in the applicant’s best interest to submit materials as soon as possible.
Make a Difference: Protect Consumers & Join Our Dynamic Team!
The Office of the Insurance Commissioner (OIC) seeks a qualified individual for the Financial Examiner 2 position. This role is within the Company Supervision and is based out of our Seattle Downtown Office.
We are an employer of choice! Here’s why:
- Meaningful work: Ensure a healthy insurance market & protect Washington consumers.
- Impactful career: Make a daily difference in the lives of countless Washingtonians.
- Small agency, big opportunities: Gain a holistic understanding of our mission and build strong relationships with colleagues.
- Diversity, equity, and inclusion: OIC is committed to ensuring that all employees enjoy a respectful, safe, and supportive working environment - by fostering the inclusion of people from all backgrounds, cultures, and attributes.
About the Position
At the Washington State Office of the Insurance Commissioner (OIC), our mission is to protect the public through fair, transparent, and consistent oversight of the insurance industry.
We do this by ensuring insurance companies operating in Washington remain financially sound, compliant with state laws, and able to meet their obligations to consumers.
Financial Examiners play a vital role in this mission.
Working as part of our nationally accredited examination program, examiners conduct risk-focused financial condition examinations of insurance companies and other regulated entities using National Association of Insurance Commissioners (NAIC) standards.
This work involves analyzing financial statements, evaluating internal controls and governance, assessing solvency risks, and reviewing compliance with statutory and regulatory requirements.
OIC is a place where analytical professionals can build deep expertise in financial examination, auditing, and regulatory oversight.
Examiners collaborate with experienced leads and supervisors, apply structured examination methodologies, and develop well-documented findings that directly support consumer protection and market stability.
The Financial Examiner 2 role offers meaningful exposure to complex financial and operational issues and serves as a strong foundation for continued growth within the examiner career path.
If you are motivated by detailed financial analysis, investigative work, and the opportunity to make a real public impact, OIC offers a collaborative, mission-driven environment where your skills help protect consumers and strengthen Washington’s insurance marketplace.
This recruitment may be used to establish a qualified pool of candidates for Financial Examiner 2 vacancies in the next sixty days.
This is a Washington General Service position. The monthly salary range for this position is $5,812 - $7,817.
Benefits & Perks
- Comprehensive benefits package: Health, dental, vision, retirement, paid leave (vacation, sick, etc.) and much more!
- Supportive work environment: We value diversity, professional growth, and collaborative atmosphere.
- Wellness programs: Invest in your well-being with on-site resources and initiatives.
- Work-life balance: Flexible schedules with telework opportunities.
- Public service fulfillment: Contribute to a cause that matters and feel the satisfaction of serving the public good.
- Training & Development: Continuously learn and grow with tuition reimbursement, Public Service Loan Forgiveness, and other programs.
- And more! Explore our website for additional benefits: https://www.insurance.wa.gov
Requirements
The duties of the position include but are not limited to:
- Conduct risk-focused financial condition examinations of insurance companies and other regulated entities in accordance with NAIC accreditation standards, the NAIC Financial Condition Examiners Handbook, and OIC policies.
- Collaborate with the examiner-in-charge and examination supervisors to develop and execute examination work plans for assigned areas.
- Analyze insurer financial statements, operations, corporate governance, and enterprise risk management frameworks to assess current and prospective solvency.
- Identify, assess, and document key solvency risks and evaluate the effectiveness of related internal controls and risk-mitigation strategies.
- Perform tests of controls and develop independent substantive testing procedures based on residual risk assessments.
- Review insurer records, practices, contracts, and agreements to determine compliance with Washington State laws, regulations, and NAIC standards.
- Evaluate internal and external audit functions and leverage audit work where appropriate to gain examination efficiencies.
- Analyze financial trends, key solvency ratios, and scoring metrics (including IRIS ratios and FAST scores) to identify unusual trends or emerging risks.
- Interview or confer with insurer personnel to obtain information and clarify examination findings.
- Prepare clear, accurate, and complete examination workpapers and documentation in accordance with OIC and NAIC standards.
- Communicate examination findings, risks, and conclusions to the examiner-in-charge, supervisors, and OIC financial analysts through reports and memoranda.
- Perform special analyses of insurers seeking admission to do business in Washington State.
- Conduct limited examinations of nonprofit organizations issuing Charitable Gift Annuities and complete other related assignments as directed.
To read more about this position and view all duties, click here to request a position description.
Qualifications
Required Qualifications:
* Six (6) years of full-time relevant professional accounting experience to include experience auditing, analyzing, or preparing financial statements: balance sheet, income statement, cash flow statement, and notes thereto 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, municipalities, etc., state or federal or private entities.
AND
- Successful completion of 20 quarter or 12 semester hours in accounting, finance, economics, or insurance. Professional experience may not substitute for the credit hours.
- Intermediate level in Microsoft Outlook, Word, and Excel
Academic Degree Equivalency Chart
Degree | Years of Relevant Experience Equivalency |
Associate’s Degree | 2 years of experience |
Bachelor’s Degree | 4 years of experience |
Master’s Degree | 5 years of experience |
*A degree in in accounting, finance, economics, insurance, or related field from an accredited institution whose accreditation is recognized by the U.S.
Department of Education or the Council of Higher Education Accreditation, or a foreign equivalent may be substituted for relevant experience. Proof of degree may be required prior to employment.
If a degree was awarded outside of the United States, candidates must provide a credential evaluation report.
Preferred/Desired Qualifications:
- Experience with, or as a contractor for, a state insurance department working as an examiner, auditor, or financial analyst of insurance companies.
- Designation as a Certified Financial Examiner (CFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE).
- Designation as an Accredited Financial Examiner (AFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE).
- An active, Certified Public Accountant (CPA) license granted by the Washington State Board of Accountancy, or another state with reciprocity with Washington State.
- Other insurance or information systems related designations.
Ready to join us?
Learn more about the OIC by visiting our website. We encourage you to check out our video below and listen to what our employees have to say about working here!
Submit your application today and take the first step towards a rewarding career at the OIC!
Additional Information
- This position is represented by the Washington Federation of State Employees (WFSE).
- Wage/salary depends on qualifications or state rules of compensation (if currently a state employee).
State law (RCW 48.02.090[5]) prohibits employees of the OIC from having any interest, directly or indirectly, in an insurance company other than as a policyholder.
This prohibition includes the receipt of renewal commissions. If employment is accepted with this agency, you agree to abide by this state law.
The Office of Insurance Commissioner is an equal opportunity employer, does not discriminate on the basis of age, sex, marital status, sexual orientation, race, creed, color, national origin, honorably discharged veteran or military status, or the presence of any sensory, mental, or physical disability or the use of a trained service animal by a person with a disability.
Persons requiring reasonable accommodation in the application process or requiring information in an alternative format may contact the recruitment team at Recruitment@oic.wa.gov.
Those with a hearing impairment in need of accommodation are encouraged to contact the Washington Relay Service at 1-800-676-3777 or www.washingtonrelay.com.
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