Washington State Office of the Insurance Commissioner ยท 1 day ago
Financial Examiner 2
Seattle, WA
Full-time
Onsite
Mid, Senior Level
$5,812/mo - $7,817/mo
6+ years expThe Washington State Office of the Insurance Commissioner (OIC) is seeking a qualified individual for the Financial Examiner 2 position. This role involves conducting risk-focused financial condition examinations of insurance companies to ensure compliance with state laws and financial soundness, ultimately protecting consumers in Washington.
GovernmentInsuranceQuality Assurance
Responsibilities
Conduct risk-focused financial condition examinations of insurance companies and other regulated entities in accordance with NAIC accreditation standards, the NAIC Financial Condition Examiners Handbook, and OIC policies
Collaborate with the examiner-in-charge and examination supervisors to develop and execute examination work plans for assigned areas
Analyze insurer financial statements, operations, corporate governance, and enterprise risk management frameworks to assess current and prospective solvency
Identify, assess, and document key solvency risks and evaluate the effectiveness of related internal controls and risk-mitigation strategies
Perform tests of controls and develop independent substantive testing procedures based on residual risk assessments
Review insurer records, practices, contracts, and agreements to determine compliance with Washington State laws, regulations, and NAIC standards
Evaluate internal and external audit functions and leverage audit work where appropriate to gain examination efficiencies
Analyze financial trends, key solvency ratios, and scoring metrics (including IRIS ratios and FAST scores) to identify unusual trends or emerging risks
Interview or confer with insurer personnel to obtain information and clarify examination findings
Prepare clear, accurate, and complete examination workpapers and documentation in accordance with OIC and NAIC standards
Communicate examination findings, risks, and conclusions to the examiner-in-charge, supervisors, and OIC financial analysts through reports and memoranda
Perform special analyses of insurers seeking admission to do business in Washington State
Conduct limited examinations of nonprofit organizations issuing Charitable Gift Annuities and complete other related assignments as directed
Qualification
Required
Six (6) years of full-time relevant professional accounting experience to include experience auditing, analyzing, or preparing financial statements: balance sheet, income statement, cash flow statement, and notes thereto as an accountant, auditor, or examiner with a public accounting firm or as an accountant, internal auditor or external auditor or examiner of insurance companies, banks, savings and loan associations, municipalities, etc., state or federal or private entities
Successful completion of 20 quarter or 12 semester hours in accounting, finance, economics, or insurance. Professional experience may not substitute for the credit hours
Intermediate level in Microsoft Outlook, Word, and Excel
A degree in in accounting, finance, economics, insurance, or related field from an accredited institution whose accreditation is recognized by the U.S. Department of Education or the Council of Higher Education Accreditation, or a foreign equivalent may be substituted for relevant experience. Proof of degree may be required prior to employment. If a degree was awarded outside of the United States, candidates must provide a credential evaluation report
Preferred
Experience with, or as a contractor for, a state insurance department working as an examiner, auditor, or financial analyst of insurance companies
Designation as a Certified Financial Examiner (CFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE)
Designation as an Accredited Financial Examiner (AFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE)
An active, Certified Public Accountant (CPA) license granted by the Washington State Board of Accountancy, or another state with reciprocity with Washington State
Other insurance or information systems related designations
Benefits
Comprehensive benefits package: Health, dental, vision, retirement, paid leave (vacation, sick, etc.) and much more!
Supportive work environment: We value diversity, professional growth, and collaborative atmosphere.
Wellness programs: Invest in your well-being with on-site resources and initiatives.
Work-life balance: Flexible schedules with telework opportunities.
Public service fulfillment: Contribute to a cause that matters and feel the satisfaction of serving the public good.
Training & Development: Continuously learn and grow with tuition reimbursement, Public Service Loan Forgiveness, and other programs.
And more! Explore our website for additional benefits: https://www.insurance.wa.gov
Company
Washington State Office of the Insurance Commissioner
The Washington state Office of the Insurance Commissioner, led by Commissioner Patty Kuderer, protects insurance consumers.
201-500 employees
H1B Sponsorship
Washington State Office of the Insurance Commissioner has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
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Trends of Total Sponsorships
2025 (1)
2023 (1)
Funding
Current Stage
Growth StageRecent News
2021-12-29
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