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Insurance Company Auditor

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1 Vacancy
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Job Location drjobs

Lincoln, NE - USA

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

The work we do matters!

Hiring Agency:

Insurance Agency 22


Location:

Lincoln NE


Hiring Rate:

$24.808


Job Posting:

JRInsurance Company Auditor (Open)


Applications No Longer Accepted On (If no date is displayed job is posted as open until closed):


Job Description:

Do you have an accounting and/or finance degree with strong analytical skills an inquisitive mind willingness to travel and a desire to learn in an everchanging industry Are you looking for a challenging career with a builtin track for growth and advancement Is worklife balance supportive management and an opendoor culture important to you Are you ready to join a successful team responsible for regulating one of the largest domestic insurance industries in the United States If so the Nebraska Department of Insurance has an exciting opportunity for you to join our Financial Examination team as a Financial Examiner.

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: .

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 onsite financial examinations every three to five years. We take a riskfocused 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 wellrespected 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 opendoor policy
Knowledgeable Friendly and Fun Team
Worklife balance with focus on providing flexibility
Excellent health and wellness benefits
Formal onboarding training and development program to setup any new team member for success
Builtin opportunities for growth and advancement including opportunity for advancement to Financial Examiner II within two years and Senior Financial Examiner within three years**.

** Starting salary is $51600/ year. 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 to the minimum range: AFE $60471/annual and CFE $77403/annual.

This is an AtWill 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 (thats not a typo! statematched retirement
Tuition reimbursement
Employee assistance program
79 employer paid health insurance plans
Dental and vision insurance plans
Employerpaid $20000 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!



Job duties

  • Extensively work on site at insurance companies verifying financial and nonfinancial 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 companys 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 SarbanesOxley requirements.

Requirements / Qualifications

Minimum Qualifications: This is an entry level position. Bachelors Degree from an accredited college or university in a businessrelated field (accounting economics finance risk management etc. with at least 15 accounting hours including auditing and at least three hours of Business 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.

Preferred Qualifications: 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: Copies of your Transcripts Cover Letter Resume and References must be provided with the application and prior to any formal interview. This position requires travel up to 5 business days at a time in overnight status regular travel to Omaha on a daily status depending on work assignment. As such the incumbent must be able to present a valid drivers license or another form of reliable transportation. Regular and reliable attendance is required.



Knowledge Skills and Abilities

  • Analytical mindset

  • Organized

  • Detailoriented

  • Selfstarter 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




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: 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.

Current employees of the State of Nebraska should NOT apply on this external career. Instead go to Workday and access the Jobs Hub Internal Apply app from your home landing page.

Employment Type

Full-Time

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