Compliance Examiner 12
Job Location:
Baton Rouge, LA - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
- About this Job
The mission of the Department of Insurance is to enforce the insurance laws and regulations of the state impartially honestly and expeditiously.
The Louisiana Department of Insurance is seeking a motivated and analytical Compliance Examiner 1/2 to join the Office of Financial Solvency Financial Examinations/Analysis or Field this role youll help protect the financial stability of Louisianas insurance and financial services industries by conducting in-depth financial examinations reviewing regulatory filings and working directly with industry professionals to ensure compliance with state and federal laws. If you enjoy analyzing financial information solving complex problems and making a meaningful impact on the integrity of financial systems we encourage you to apply!
- Minimum Qualifications
Three years of experience in accounting auditing banking compliance management financial operations or insurance; OR
Six years of full-time 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.
EXPERIENCE SUBSTITUTION:
Every 30 semester hours earned from an accredited college or university will be credited as one year of experience towards the six years of full-time work experience in any field. The maximum substitution allowed is 120 semester hours which substitutes for a maximum of four years of experience in any field.- Job Specification
The official job specifications for this role as defined by the State Civil Service can be found here.
- Job Duties and Other Information
Job Duties:
As a Compliance Examiner 1/2in the Office of Financial Solvency you will/may:
- Review financial and operational records from banks credit unions insurance companies and other financial service providers to help ensure they follow state and federal regulations.
- Analyze financial information to confirm the accuracy of reported assets liabilities and equity helping institutions maintain sound financial practices.
- Review investment portfolios loans real estate holdings and other financial activities to verify compliance and identify potential areas of concern.
- Evaluate financial statements and related documentation to ensure information is accurate complete and consistent with accounting standards.
- Prepare clear and organized reports that summarize findings and highlight key areas such as liquidity asset concentrations and overall financial stability.
- Work directly with company representatives and management to request information clarify details and discuss examination results.
- Assist experienced examiners during field or desk reviews and occasionally lead smaller examination assignments under supervision.
- Participate in professional development and complete the introductory Compliance Examiner School to build foundational skills in examination and analysis.
Position-Specific Details:
Division/Location:Office of Financial Solvency/Financial Examinations/Analysis or Field
Appointment Type:ProbationalCareer Progression:This position will be filled as a Compliance Examiner 1 or 2 depending on the qualifications of the selected candidate.
Compensation:The salary will be determined based on qualifications and experience within the established pay range.
About the Division: The Office of Financial Solvencys primary mission is to monitor the financial health of regulated entities through statutorily mandated field examinations and financial analyses and to provide actuarial analysis of rate filings adequacy of insurers reserves and insurance legislation.
Career Growth Opportunity: Advancement in this role may involve earning professional designations through the Society of Financial Examiners (SOFE) such as the Accredited Financial Examiner (AFE) and Certified Financial Examiner (CFE). Each designation involves passing four exams and meeting SOFEs work experience requirements (two years for the AFE three years for the CFE). These certifications can only be awarded upon application to SOFE and are a key step toward promotion to the next level.How To Apply:
NO CIVIL SERVICE exam is required 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.
*Information to support your eligibility for the position must be included in the application (i.e. relevant detailed experience/education). Resumes will not be accepted in lieu of completed education and experience sections. Applications may be rejected if incomplete.
Contact Information:
For further information about this vacancy contact:
Dr. Phillip Donagriche
Human Resources Division
Louisiana Department of Insurance
P.O. Box 94214
Baton Rouge LA 70804
Louisiana is a State As a Model Employer (SAME) that supports the recruitment hiring and retention of individuals with disabilities.
