Hybrid Insurance Examiner – In Charge

at State of Vermont

• Job title: Insurance Examiner – In Charge
• Job type: Full Time
• Experience level: Junior, Mid level
• Salary: $44,220 - $69,330 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Burlington, United States

About the role

• Examiner-in-Charge leading examinations of captive insurance companies within Vermont Department of Financial Regulation. A focus on operations, compliance, and financial reporting for oversight of these companies.

Responsibilities

• As an Examiner-in-Charge (EIC) for the Vermont Department of Financial Regulation, Captive Insurance Division, your primary responsibilities include examinations and ongoing oversight of Vermont domiciled captive insurance companies.
• Utilizing a risk-focused approach, an EIC leads a team of examiners in evaluating areas of captive insurance company operations and business practices, including corporate governance, strategy, business plan, IT systems, internal controls, financial reporting and regulatory compliance.
• An EIC also conducts research, is assigned special projects, and conducts annual and quarterly surveillance for a portfolio of companies.
• An EIC must be self-motivated and possess strong time management, organization, critical thinking and communication skills.

Requirements

• Graduate degree in Finance, Accounting, Business Administration, or a related field AND two (2) or more years of experience at or above a technical level in accounting, auditing, or financial examination, INCLUDING two (2) or more years involving insurance operations and supervisory responsibilities.
• OR Bachelor's degree AND four (4) or more years of experience at or above a technical level in accounting, auditing, or financial examination, INCLUDING two (2) or more years involving insurance operations and supervisory responsibilities.
• OR One year as an Insurance Examiner III.
• Preferred Qualifications AFE (Accredited Financial Examiner), CFE (Certified Financial Examiner), or CPA (Certified Public Accountant) designations.
• Employees involved with financial examinations will be required to obtain the CFE designation within 48 months of employment.

Benefits

• 80% State paid medical premium and a dental plan at no cost for employees and their families
• Work/Life balance: 11 paid holidays each year and a generous leave plan
• State Paid Family and Medical Leave Insurance (FMLI)
• Two ways to save for your retirement: A State defined benefit pension plan and a deferred compensation 457(b) plan
• Tuition Reimbursement
• Flexible spending healthcare and childcare reimbursement accounts
• Low cost group life insurance
• Incentive-based Wellness Program
• Qualified Employer for Public Service Student Loan Forgiveness Program