Insurance Company Financial Examiner Trainee (46951)
Insurance Company Financial Examiner Trainee (46951)
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$ 4575 - 6285
1 Vacancy
Job Description
Job Requisition ID:46951
Closing Date: 05/15/2025
Agency:Department of Insurance
Class Title:INSURANCE CO FIN EXAMINER TRN 21610
Skill Option:None
Bilingual Option:None
Salary: Anticipated starting salary $4575 per month. Full range $4575$6285.
Job Type: Salaried
Category:Full Time
County: Cook
Number of Vacancies: 2
Bargaining Unit Code:RC062
Merit Comp Code:
This position is a union position; therefore provisions of the relevant collective bargaining agreement/labor contract apply to the filling of this position.
All applicants who want to be considered for this position MUST apply electronically through the website. State of Illinois employees should click the link near the top left to apply through the SuccessFactors employee career portal.
Applications submitted via email or any paper manner (mail fax hand delivery) will not be considered.
*Answer all application questions thoroughly. DO NOT STATE SEE RESUME.*
Why Work for Illinois
Working with the State of Illinois is a testament to the values of compassion equity and dedication that define our state. Whether youre helping to improve schools protect our natural resources or support families in need youre part of something biggersomething that touches the lives of every person who calls Illinois home.
No matter what state career youre looking for we offer jobs that fit your life and your scheduleflexible jobs that provide the gold standard of benefits. Our employees can take advantage of various avenues to advance their careers and realize their dreams. Our toptier benefits and great retirement packages can help you build a rewarding career and lasting future with the State of Illinois.
Position Overview
The Illinois Department of Insurance is seeking to hire an Insurance Company Financial Examiner Trainee. Under immediate supervision for a period of up to twelve months this position receives training and work assignments to develop knowledge understanding skills and abilities required to review and analyze insurance group holding companies per established procedures and guidelines. We invite all qualified applicants to apply.
Essential Functions
- As a financial analyst team member receives instruction and onthejob training to learn the proper format and procedures to conduct financial analysis of assigned insurance companies financial and nonfinancial documents and records for primarily property and casualty companies.
- Completes a variety of assignments in the application of auditing and accounting techniques including the analysis of the companys financial and nonfinancial documents.
- Assists financial analysts and specialists in various aspects of financial analysis such as reviewing financial statements determining adequacy of premiums and reviewing a companys policies to develop knowledge understanding and practical skills.
- Receives instruction in preparing analysis worksheets documents and reports to properly document and support findings and to illustrate compliance with agency guidelines.
- Completes agency training assignments or other formal training designed to develop and enhance knowledge of the analysis process the operations of insurance companies and all applicable law rules regulations and current accounting practices.
- Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.
Minimum Qualifications
- Requires a bachelors degree with coursework in accounting business economics finance insurance information technology risk management or a closely related field.
Preferred Qualifications
- Prefers elementary knowledge of insurance accounting and auditing theories methods standards and procedures.
- Prefers elementary knowledge of business administration practices as related to insurance companies.
- Prefers elementary knowledge of technology utilized by the insurance industry.
- Prefers ability to successfully complete onthejob training assignments for the financial analysis of insurance companies.
- Prefers ability to prepare documentation and reports of analysis findings in a logical and concise manner.
- Prefers ability to learn and retain knowledge of the Illinois Insurance Code and all applicable laws rules regulations and current accounting practices the govern the insurance industry.
- Prefers ability to acquire knowledge in the structure operation and management of insurance companies.
- Prefers ability to establish effective working relationships with agency staff and insurance company officials and representatives.
- Prefers ability to perform duties in a professional efficient and ethical manner and to maintain the confidentiality of the companys information that is obtained during the analysis process.
Employment Conditions
- Requires the ability to pass a background check.
The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.
About the Agency
The Department of Insurance (DOI) regulates the insurance market in the State of Illinois including but not limited to licensing and educating insurance agents investigating Workers Compensation fraud and examining the operations and finances of insurance companies domiciled in the state. We are committed to protecting consumers and regulating the insurance industry with innovation and efficiency. DOI has approximately 220 employees who are split between our Chicago and Springfield offices.
State of Illinois employees enjoy a robust benefit package including:
Health Life Vision and Dental Insurance
13 Paid Holidays annually 14 on even numbered years
1025 days of Paid Vacation time annually (10 days in year one of employment)
12 Paid Sick Days annually (sick days carry over from year to year)
10 Weeks Paid Maternity/Paternity Leave
3 Paid Personal Days annually
Pension Plan
Deferred Compensation Program and other pretax benefit programs (Medical/Daycare)
Flexible work schedules may be available dependent upon position
Tuition Reimbursement Program and Federal Public Service Loan Forgiveness Program eligibility
Visit for more information about our benefits.
Work Hours: MF; 8:305:00
Work Location: 122 S Michigan Ave Chicago Illinois 60603
Email:
Posting Group: Legal Audit & Compliance
This position DOES NOT contain Specialized Skills (as that term is used in CBAs).
APPLICATION INSTRUCTIONS
Use the Apply button at the top right or bottom right of this posting to begin the application process.
If you are not already signed in you will be prompted to do so.
State employees should sign in to the career portal for State of Illinois employees a link is available at the top left of the homepage in the blue ribbon.
NonState employees should log in on the using the View Profile link in the top right of the homepage in the blue ribbon. If you have never before signed in you will be prompted to create an account.
If you have questions about how to apply please see the following resources:
State employees: Log in to the career portal for State employees and review the Internal Candidate Application Job Aid
NonState employees: on click Application Procedures in the footer of every page of the website.
The main form of communication will be through email. Please check your junk mail spam or other folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses:
Required Experience:
Intern
Employment Type
Full-Time
