Insurance Company Examination Manager

Full Job Description

Are you eager to start a new chapter in your career? If so, consider joining the Financial Examinations Division of the Pennsylvania Insurance Department as an Insurance Company Examination Manager. This position gives you the opportunity to showcase your knowledge of state laws, rules, and regulations while mentoring staff and managing contractors. Apply now to help us ensure compliance with current standards and help carry out the mission of the department!

Requirements

In this role, you will be tasked with approving examination workplans, assessing solvency and determining compliance with state laws, rules, and regulations.

Work involves directing internal and external staff engaged in reviewing the financial condition, operations, and reports of insurance companies; reviewing and approving the overall exam budget; tracking hours and expenses against the budget; as well as explaining budget variances.

You will have the opportunity to investigate insurance company records, statements, ancillary reports, and operations of a difficult and sensitive nature, including unlicensed activity, operating outside scope of authority, and suspected fraud.

Additional responsibilities include:

• Reviewing and approving detailed written Reports of Examination, management letters, as well as FCEH Exhibits, reports, and memos, including disclosure of significant findings and recommendations for corrective measures
• Following up on corrective action plans implemented by the insurance company
• Coordinating multistate examinations
• Corresponding with management and insurers regarding findings
• Providing technical assistance and policy guidance to examination staff

Interested in learning more? Additional details regarding this position can be found in the position description.

Work Schedule and Additional Information:

• Full-time employment
• Work hours are 8:00 AM to 4:30 PM, Monday - Friday, with a 60-minute lunch.

• This position is home headquartered. In order to be home headquartered, you must have a securely configured high-speed internet connection and work from an approved location inside Pennsylvania.

• Salary: In some cases, the starting salary may be non-negotiable.
• You will receive further communication regarding this position via email. Check your email, including spam/junk folders, for these notices.

Qualifications

QUALIFICATIONS

Minimum Experience and Training Requirements:

• One year of experience as an Insurance Company Examiner 3 (Commonwealth job title or equivalent Federal Government job title, as determined by the Office of Administration); or
• Five years of professional experience in the audit or examination of the financial conditions and operations of insurance companies; and a bachelor’s degree that includes 6 college credits in accounting, 3 college credits is finance or economics, and 3 college credits in business law; or
• Designation as a Certified Public Accountant (CPA) and two years of professional experience in the audit or examination of the financial conditions and operations of insurance companies; or
• Designation as a Fellow of the Society of Actuaries (FSA), Fellow of the Casualty Actuary Society (FCAS), Associate of the Society of Actuaries (ASA) or Associate of the Casualty Actuary Society (ACAS); or
• An equivalent combination of experience and training that includes 6 college credits in accounting, 3 college credits in finance or economics, and college 3 credits in business law.

Other Requirements:

• This particular position also requires possession of a Certified Public Accountant (CPA) or Certified Financial Examiner (CFE) license.
• You must meet the PA residency requirement. For more information on ways to meet PA residency requirements, follow the link and click on Residency.
• You must be able to perform essential job functions.

How to Apply:

Resumes, cover letters, and similar documents will not be reviewed, and the information contained therein will not be considered for the purposes of determining your eligibility for the position.

Information to support your eligibility for the position must be provided on the application (i.e., relevant, detailed experience/education).

If you are claiming education in your answers to the supplemental application questions, you must attach a copy of your college transcripts for your claim to be accepted toward meeting the minimum requirements. Unofficial transcripts are acceptable.

Your application must be submitted by the posting closing date. Late applications and other required materials will not be accepted.

Failure to comply with the above application requirements may eliminate you from consideration for this position.

Veterans:

• Pennsylvania law (51 Pa. C.S. §7103) provides employment preference for qualified veterans for appointment to many state and local government jobs. To learn more about employment preferences for veterans, go to www.pa.gov/agencies/employment/how-to-apply.html and click on Veterans.

Telecommunications Relay Service (TRS):

• 711 (hearing and speech disabilities or other individuals).

If you are contacted for an interview and need accommodations due to a disability, please discuss your request for accommodations with the interviewer in advance of your interview date.

The Commonwealth is an equal employment opportunity employer and is committed to a diverse workforce.

The Commonwealth values inclusion as we seek to recruit, develop, and retain the most qualified people to serve the citizens of Pennsylvania.

The Commonwealth does not discriminate on the basis of race, color, religious creed, ancestry, union membership, age, gender, sexual orientation, gender identity or expression, national origin, AIDS or HIV status, disability, or any other categories protected by applicable federal or state law.

All diverse candidates are encouraged to apply.

Additional Information

• Completing the application, including all supplemental questions, serves as your exam for this position. No additional exam is required at a test center (also referred to as a written exam).
• Your score is based on the detailed information you provide on your application and in response to the supplemental questions.
• Your score is valid for this specific posting only.
• You must provide complete and accurate information or:
  • your score may be lower than deserved.
  • you may be disqualified.
• You may only apply/test once for this posting.
• Your results will be provided via email.