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Commonwealth of Pennsylvania · 3 days ago

Insurance Company Examination Manager

Home, PA

Full-time

Hybrid

Senior Level

5+ years exp

The Commonwealth of Pennsylvania is seeking an Insurance Company Examination Manager for the Financial Examinations Division of the Pennsylvania Insurance Department. This role involves approving examination workplans, assessing solvency, and ensuring compliance with state laws while mentoring staff and managing contractors.

Non Profit

No H1B

U.S. Citizen Only

Responsibilities

Approving examination workplans

Assessing solvency and determining compliance with state laws, rules, and regulations

Directing internal and external staff engaged in reviewing the financial condition, operations, and reports of insurance companies

Reviewing and approving the overall exam budget

Tracking hours and expenses against the budget

Explaining budget variances

Investigating insurance company records, statements, ancillary reports, and operations of a difficult and sensitive nature, including unlicensed activity, operating outside scope of authority, and suspected fraud

Reviewing and approving detailed written Reports of Examination, management letters, as well as FCEH Exhibits, reports, and memos, including disclosure of significant findings and recommendations for corrective measures

Following up on corrective action plans implemented by the insurance company

Coordinating multistate examinations

Corresponding with management and insurers regarding findings

Providing technical assistance and policy guidance to examination staff

Qualification

Insurance Company ExaminationCertified Public Accountant (CPA)Financial AuditingAccountingBusiness LawFinanceEconomicsCertified Financial Examiner (CFE)Technical AssistancePolicy GuidanceMentoring

Required

One year of experience as an Insurance Company Examiner 3 (Commonwealth job title or equivalent Federal Government job title, as determined by the Office of Administration); or

Five years of professional experience in the audit or examination of the financial conditions and operations of insurance companies; and a bachelor's degree that includes 6 college credits in accounting, 3 college credits is finance or economics, and 3 college credits in business law; or

Designation as a Certified Public Accountant (CPA) and two years of professional experience in the audit or examination of the financial conditions and operations of insurance companies; or

Designation as a Fellow of the Society of Actuaries (FSA), Fellow of the Casualty Actuary Society (FCAS), Associate of the Society of Actuaries (ASA) or Associate of the Casualty Actuary Society (ACAS); or

An equivalent combination of experience and training that includes 6 college credits in accounting, 3 college credits in finance or economics, and college 3 credits in business law

This particular position also requires possession of a Certified Public Accountant (CPA) or Certified Financial Examiner (CFE) license

You must meet the PA residency requirement

You must be able to perform essential job functions