Compliance Examiner 123
Compliance Examiner 123
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
$ 3345 - 6566
1 Vacancy
Job Description
Supplemental Information
This vacancy is located in the Office of Financial Solvency/Financial Examinations/Field Division.
Premium pay special entrance rate $19.04/hr) hybrid telework options and a flexible schedule are all offered for this position.About the Division:The Office of Financial Solvencys primary mission is to monitor the financial health of regulated entities through statutorily mandated filed examinations and financial analyses and to provide actuarial analysis of rate filings adequacy of insurers reserves and insurance legislation.Designation Requirements:The position may require obtaining the Accredited Financial Examiner (AFE) and Certified Financial Examiner (CFE) designations through the Society of Financial Examiners before reallocation. Each designation requires passing four exams. The designations can be conferred only upon application to SOFE. SOFE requires two years of regulatory work for the AFE and three years for the CFE.Job Duties:The positions primary job duty is reviewing and analyzing insurance companies financial filings for financial soundness and statutory compliance. The analysis is riskfocused which entails identifying and assessing risks of insurers to complete and document an overall assessment of the financial condition of the insurers. Communication with industry personnel is required. Critical thinking time management working independently and effective communication are essential to job performance.This position participates in a Career Progression Group (CPG) and may be filled as a Compliance Examiner 1 2 or 3. The level at which the vacancy is filled will be determined by the qualifications of the candidate selected. This position provides the opportunity to advance within this job series
No Civil Service test score is required in order to be considered for this vacancy.
To apply for this vacancy click on the Apply link above and complete an electronic application which can be used for this vacancy as well as future job opportunities. Applicants are responsible for checking the status of their application to determine where they are in the recruitment process. Further status message information is located under the Information section of the Current Job Opportunities page.
Resumes WILL NOT be accepted in lieu of completed education and experience sections on your application. Applications may be rejected if incomplete.
For further information about this vacancy contact:
Phillip Donagriche
Louisiana Department of Insurance
P.O. Box 94214
Baton Rouge LA 70804
The LA Department of Insurance is a State As a Model Employer (SAME) agency that supports improved employment opportunities for individuals with disabilities.Minimum Qualifications
MINIMUM QUALIFICATIONS
Three years of experience in accounting auditing banking compliance management financial operations or insurance; OR
Six years of fulltime experience in any field plus nine semester hours in accounting and an additional fifteen semester hours in accounting economics finance business law insurance statistics financial analysis or money and banking; OR
A bachelors degree with nine semester hours in accounting and an additional fifteen semester hours in accounting economics finance business law insurance statistics financial analysis or money and banking; OR
A bachelors degree in accounting auditing finance business administration management economics or statistics; OR
An advanced degree in accounting auditing finance business or public administration management economics quantitative methods or statistics; OR
A Certified Public Accountant (CPA) license Certified Financial Examiner (CFE) Certified Fraud Examiner (CFE) or Certified Internal Auditor (CIA) designation.Job Concepts
Function of Work:
Examines the accounting systems and financial status of financial service providers or insurance companies to ensure financial solvency and fair consumer practices.
Level of Work:
Entry.
Supervision Received:
Direct from a Compliance Examiner Assistant Manager Compliance Examiner Manager or other higherlevel supervisor.
Supervision Exercised:
None.
Location of Work:Primarily used by the Department of Insurance and Office of Financial Insitutions (OFI).
Job Distinctions:
Differs from Compliance Examiner 2 by the absence of responsibility for performing the full range of examination functions.Examples of Work
EXAMPLES BELOW ARE A BRIEF SAMPLE OF COMMON DUTIES ASSOCIATED WITH THIS JOB TITLE. NOT ALL POSSIBLE TASKS ARE INCLUDED.
Conducts field examinations of financial service providers and insurance companies such as banks residential mortgage lenders pawnshops credit unions and HMOs to determine compliance with state and federal laws policies rules and regulations.
Examines records of assets such as cash and accounts due from institutions investments loans real estate and equipment to verify accuracy and composition of data provided in financial statements.
Examines records of liabilities such as deposit accounts savings accounts certificates of deposit taxes debts loans other borrowed money and accrued expenses; reviews records of stockholders equity such as common stock preferred stock capital surplus retained earnings and subordinated debt to determine accuracy of and composition of data in financial statements.
Prepares reporting schedules on numerous detail tasks areas including concentrations of assets in a particular area rate sensitivity analysis liquidity and funds management and premises and equipment.
Attends meetings and conferences with toplevel management of firms to obtain information resolve discrepancies and report findings.
On a rotating basis will serve as an assistantincharge for examinations of lesser complexity.
Attends and successfully completes beginning Compliance examiner school.
Employment Type
Full Time
