Examination Advisor/ Coordinator
Organization:
National Association of Insurance Commissioners (NAIC)
Contact Info:
Ashley Iglehart
Email Me
The Regulatory Services Division of the National Association of Insurance Commissioners (NAIC) currently has an opening for an Examination Advisor/ Coordinator. Qualifications for this position include, but are not limited to, the following:
A. Committee Staff Support
• Provides high-level primary staff support for the following working groups: the Financial Examiners Handbook Technical Group and the IT Examination Working Group. This includes:
o Assuming responsibility for the progress of all charges and projects for these groups.
o Researching technical issues and effectively communicating with the group chairs, members and other individuals as necessary to respond to inquiries or questions on issues impacting these groups.
o Ensuring that all materials are developed and distributed for meetings and conference calls in a timely manner.
o Ensuring that the chairs of the Task Force, Working Group and Subgroups are properly prepared.
o Ensuring that all issues are properly presented to the groups during their regulator-to-regulator conference calls. This includes making the Working Group aware of existing statutory requirements as well as the impact of the proposed change on other areas from a consistency standpoint.
o Ensuring that all minutes and attachments are completed in a timely manner, including chair approval and adopted if applicable.
o Ensuring that all web postings are completed timely prior to and subsequent to meetings, as applicable.
o Ensuring that all referrals to other groups are prepared timely, with follow up on at least a quarterly basis with the NAIC staff for the group the referral was made.
B. Maintenance of Examination Tools and Publications
• Leads the production and maintenance of the financial condition examination publications and tools, including the Financial Condition Examiners Handbook. Ensures that both the hard copy manual and the PDF CD are released in accordance with stated deadlines and are professional in both appearance and content. Works directly with the NAIC Insurance Products and Services Division to establish deadlines and capturing all aspects of the publication that have to be addressed.
• Ensures guidance included within the Handbook is current and beneficial to guide examiners in conducting financial condition examinations. This includes understanding all facets of the information within the Handbook and other sources to which the information relates or refers (e.g., Accounting Practices and Procedures Manual).
• Ensures that the NAIC Website ‘Handbook Update’ page is current with revisions adopted to the Handbook throughout the year and that this page is restricted to state regulators or purchasers of the Handbook and that the published Handbook and CD contain the correct information needed to access this webpage.
• Supports the development and maintenance of exam administration tools including the Financial Exam Electronic Tracking System and related tools. Ensures that guidance for these tools is maintained in existing handbooks.
C. Examination File Review
• Reviews and provides feedback on completed financial condition examinations submitted to the NAIC for inclusion in the Exam File Review Project.
• Leads teams of peer reviewers in reviewing and providing feedback on completed examinations submitted to the NAIC for inclusion in the Peer File Review Project.
• Assists in developing strategic objectives for the successful implementation of the risk-focused surveillance process, based on knowledge gained through the file review projects.
• Develops guidance, tools and training to address common issues identified through the Exam File Review and Peer File Review Projects of the NAIC.
D. Solvency Assessment Guidance
• Provides interpretative oral and written opinions on all aspects of risk-focused financial examinations to individuals in the insurance industry, regulatory structure, accounting, law, actuarial and/or investment firms that may contact the NAIC with inquiries.
• Identifies, interprets, and solves regulatory problems related to the implementation of risk-focused examinations.
• Provides interpretations of accreditation standards as it relates to new situations encountered during the application of risk-focused examinations.
E. Training and Presentations
• Assists in the development of advanced training materials to correspond to the dynamics of the risk-focused examinations and other financial solvency initiatives;
• Prepares useful, educational and informative education program materials in all areas of solvency monitoring as requested; and
• Presents information to seminar participants and others in a clear and interesting manner
About the NAIC
The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S.
Why Work at the NAIC?
• 37.5 Hour Work Week
• Compressed Scheduling
• Choice of Insurance Plans
• Tuition Reimbursement
• Referral Bonuses
• Jeans Day Every Friday
• Paid Covered Parking
• Interest Free Personal Computer Loans
• “Crunch Day” Treats Every Month
• Vacation Buy Back
• Infants in the Work Place
• Adoption Assistance
• Eight Paid Holidays
• Employee Recognition Programs
• Days off for Community Service
EDUCATION AND/OR EXPERIENCE REQUIRED:
Examination Advisor - Master’s or Bachelor’s degree in accounting required with a CPA/CFE (Certified Financial Examiner) designation and insurance experience preferred. Minimum requirement of 4 years of public accounting or similar experience with specialization in the insurance industry preferred, or a combination of 5 years of public and private industry experience with an emphasis in internal auditing, insurance auditing, statutory accounting, financial reporting, U.S. GAAP accounting and technical research.
Examination Coordinator – Master’s or Bachelor’s degree in accounting required with a CPA/CFE (Certified Financial Examiner) designation preferred. Minimum requirement of 3 years of financial statement audit experience with exposure to the insurance industry preferred.
SKILLS AND ABILITIES:
• Proficient with MS Word, Excel, and Outlook. Knowledge of MS PowerPoint very desirable;
• Ability to handle multiple projects simultaneously and work in a fast-paced environment;
• Ability to work collaboratively with employees at all levels of an organization
• Must be highly organized;
• Excellent customer service skills
• Must have strong verbal, written communication and proofreading skills;
• Must be flexible and have strong proofreading skills;
• Ability to maintain confidentiality of documents;
• Extensive skill and experience in education and training of technical material desired; and
• Familiarity with insurance accounting and reporting requirements preferred.
• Requires the ability to draft memorandums, proposals and recommendations in a deadline situation.
• Ability to communicate and develop working relationships with state regulators.
• Ability to meet deadlines
• Ability to work with little oversight.
For consideration, please apply online at:
http://www.naic.org/index_employment_why.htm.
EOE
A. Committee Staff Support
• Provides high-level primary staff support for the following working groups: the Financial Examiners Handbook Technical Group and the IT Examination Working Group. This includes:
o Assuming responsibility for the progress of all charges and projects for these groups.
o Researching technical issues and effectively communicating with the group chairs, members and other individuals as necessary to respond to inquiries or questions on issues impacting these groups.
o Ensuring that all materials are developed and distributed for meetings and conference calls in a timely manner.
o Ensuring that the chairs of the Task Force, Working Group and Subgroups are properly prepared.
o Ensuring that all issues are properly presented to the groups during their regulator-to-regulator conference calls. This includes making the Working Group aware of existing statutory requirements as well as the impact of the proposed change on other areas from a consistency standpoint.
o Ensuring that all minutes and attachments are completed in a timely manner, including chair approval and adopted if applicable.
o Ensuring that all web postings are completed timely prior to and subsequent to meetings, as applicable.
o Ensuring that all referrals to other groups are prepared timely, with follow up on at least a quarterly basis with the NAIC staff for the group the referral was made.
B. Maintenance of Examination Tools and Publications
• Leads the production and maintenance of the financial condition examination publications and tools, including the Financial Condition Examiners Handbook. Ensures that both the hard copy manual and the PDF CD are released in accordance with stated deadlines and are professional in both appearance and content. Works directly with the NAIC Insurance Products and Services Division to establish deadlines and capturing all aspects of the publication that have to be addressed.
• Ensures guidance included within the Handbook is current and beneficial to guide examiners in conducting financial condition examinations. This includes understanding all facets of the information within the Handbook and other sources to which the information relates or refers (e.g., Accounting Practices and Procedures Manual).
• Ensures that the NAIC Website ‘Handbook Update’ page is current with revisions adopted to the Handbook throughout the year and that this page is restricted to state regulators or purchasers of the Handbook and that the published Handbook and CD contain the correct information needed to access this webpage.
• Supports the development and maintenance of exam administration tools including the Financial Exam Electronic Tracking System and related tools. Ensures that guidance for these tools is maintained in existing handbooks.
C. Examination File Review
• Reviews and provides feedback on completed financial condition examinations submitted to the NAIC for inclusion in the Exam File Review Project.
• Leads teams of peer reviewers in reviewing and providing feedback on completed examinations submitted to the NAIC for inclusion in the Peer File Review Project.
• Assists in developing strategic objectives for the successful implementation of the risk-focused surveillance process, based on knowledge gained through the file review projects.
• Develops guidance, tools and training to address common issues identified through the Exam File Review and Peer File Review Projects of the NAIC.
D. Solvency Assessment Guidance
• Provides interpretative oral and written opinions on all aspects of risk-focused financial examinations to individuals in the insurance industry, regulatory structure, accounting, law, actuarial and/or investment firms that may contact the NAIC with inquiries.
• Identifies, interprets, and solves regulatory problems related to the implementation of risk-focused examinations.
• Provides interpretations of accreditation standards as it relates to new situations encountered during the application of risk-focused examinations.
E. Training and Presentations
• Assists in the development of advanced training materials to correspond to the dynamics of the risk-focused examinations and other financial solvency initiatives;
• Prepares useful, educational and informative education program materials in all areas of solvency monitoring as requested; and
• Presents information to seminar participants and others in a clear and interesting manner
About the NAIC
The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S.
Why Work at the NAIC?
• 37.5 Hour Work Week
• Compressed Scheduling
• Choice of Insurance Plans
• Tuition Reimbursement
• Referral Bonuses
• Jeans Day Every Friday
• Paid Covered Parking
• Interest Free Personal Computer Loans
• “Crunch Day” Treats Every Month
• Vacation Buy Back
• Infants in the Work Place
• Adoption Assistance
• Eight Paid Holidays
• Employee Recognition Programs
• Days off for Community Service
EDUCATION AND/OR EXPERIENCE REQUIRED:
Examination Advisor - Master’s or Bachelor’s degree in accounting required with a CPA/CFE (Certified Financial Examiner) designation and insurance experience preferred. Minimum requirement of 4 years of public accounting or similar experience with specialization in the insurance industry preferred, or a combination of 5 years of public and private industry experience with an emphasis in internal auditing, insurance auditing, statutory accounting, financial reporting, U.S. GAAP accounting and technical research.
Examination Coordinator – Master’s or Bachelor’s degree in accounting required with a CPA/CFE (Certified Financial Examiner) designation preferred. Minimum requirement of 3 years of financial statement audit experience with exposure to the insurance industry preferred.
SKILLS AND ABILITIES:
• Proficient with MS Word, Excel, and Outlook. Knowledge of MS PowerPoint very desirable;
• Ability to handle multiple projects simultaneously and work in a fast-paced environment;
• Ability to work collaboratively with employees at all levels of an organization
• Must be highly organized;
• Excellent customer service skills
• Must have strong verbal, written communication and proofreading skills;
• Must be flexible and have strong proofreading skills;
• Ability to maintain confidentiality of documents;
• Extensive skill and experience in education and training of technical material desired; and
• Familiarity with insurance accounting and reporting requirements preferred.
• Requires the ability to draft memorandums, proposals and recommendations in a deadline situation.
• Ability to communicate and develop working relationships with state regulators.
• Ability to meet deadlines
• Ability to work with little oversight.
For consideration, please apply online at:
http://www.naic.org/index_employment_why.htm.
EOE
