Insurance Company Financial Auditor

The work we do matters!

Hiring Agency:

Insurance - Agency 22

Location:

Lincoln NE

Hiring Rate:

$30.048

Job Posting:

JR2025-Insurance Company Financial Auditor (Open)

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

Job Description:

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 on-site financial examinations every three to five years. We take a risk-focused 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.

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!) state-matched retirement
Tuition reimbursement
Employee assistance program
79% employer paid health insurance plans
Dental and vision insurance plans
Employer-paid $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!

***Copies of your Transcripts Cover Letter Resume and References must be provided with the application and prior to any formal interview. ***

Job Duties:Extensively work on site at insurance companies verifying financial and non-financial 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 Sarbanes-Oxley requirements. Other duties as assigned within the scope of the classification.

Requirements / Qualifications

Minimum Qualifications: Bachelors Degree from an accredited college or university in a business-related field (accounting economics finance risk management etc.) with at least 15 accounting hours including auditing and at least three hours of Business Law. 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: In-state and out-of-state travel is required. Applicant must have ability to travel out-of-state for up to 5 business days at a time.A significant amount of the work is performed in the Omaha area. A valid drivers license or ability to provide independent authorized transportation is required. Regular and reliable attendance is required.

Knowledge Skills & Abilities: Analytical mindset organized detail-oriented self-starter 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.