Staff Examiner (Financial Examiner 2) - State of Washington : Job Details

This recruitment will remain open until filled. The agency reserves the right to make a hiring decision at any time after the initial screening date on January 30, 2025. It is in the applicant's best interest to submit materials as soon as possible.

Make a Difference: Protect Consumers & Join Our Dynamic Team!

The Office of the Insurance Commissioner (OIC) is seeking two (2) motivated and qualified individuals to fill our Staff Examiner (Financial Examiner 2) positions. These roles are within the Company Supervision Division and offers the chance to work from our Seattle Downtown Office.

WHY OIC?

• Meaningful work: Ensure a healthy insurance market & protect Washington consumers.
• Impactful career: Make a daily difference in the lives of countless Washingtonians.
• Small agency, big opportunities: Gain a holistic understanding of our mission and build strong relationships with colleagues.
• Flexible work options: Hybrid work opportunities.

About the Position

These positions are responsible for examining regulated entities for solvency and compliance with laws, statutes, or regulations in accordance with National Association of Insurance Commissioners (NAIC) accreditation standards and Agency policies.

What we are looking for in a candidate:

• Communication: Ability to effectively communicate with coworkers, superiors, and auditees. Whether through emails, phone calls, or virtual and face-to-face meetings, clear and concise written and oral communication helps to ensure that tasks are completed efficiently.
• Problem-solving: Ability to think critically and find solutions to problems by taking initiative, being proactive, and coming up with solutions to challenges.
• Teamwork: Collaborating and working well with a diverse group of individuals and contributing to group discussions that foster/create a positive work culture.
• Time management: Ability to manage your time effectively in meeting deadlines and staying organized. Ability to prioritize tasks and manage workload productively and efficiently.
• Leadership: Signs of leadership qualities. A self-starter candidate who is not afraid to take responsibility.
• Flexibility/Adaptability: Willingness to learn new or alternative approaches and adapt to new situations in the workplace if necessary.
• Work related travel: At times, financial examiners may travel to business conferences or to the insurance companies we exam in and out of the state. This affords employees the opportunities to forge connections with co-workers, financial examiners from other state insurance departments, the companies we audit and see new places.

This recruitment may be used to establish a qualified pool of candidates for Financial Examiner 2 vacancies in the next sixty days.

This is a Washington General Service position. The monthly salary range for this position is $5,643 - $7,589.

Additional premium pay of 5% will be applied to those positions with an official King County duty station.

Benefits & Perks

• 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.
• Free parking (Tumwater) & Public transportation pass (Free Puget Sound ORCA card): Save on commuting costs.
• And more! Explore our website for additional benefits:

The duties of the position include, but are not limited to:

• Review information, perform analyses, and obtain an understanding of the company, its processes, and key functional activities to be reviewed.
• Identify and obtain an understanding of company processes and internal controls in place to mitigate risks.
• Interview or confer with insurance company employees to collect information.
• Identify and assess inherent risk in activities and write risk statements specific for the company under examination.
• Document controls, review the design of controls, and test controls for operating effectiveness.
• Determine residual risk. Establish/conduct detailed examination procedures.
• Read, analyze, examine, and describe both verbally and in writing filings, documents and other information.
• Review contracts and agreements, identify critical features and perform test work necessary to determine compliance.
• Assess financial condition, statement assertions, and compliance with laws, regulations, and standards.
• Prepare special analysis of financial condition of insurance companies admitted to or applying for admission to do business in Washington State.

To read more about this position and view all duties, click here to request a position description.

Required Qualifications:

You must meet one of the required qualification options listed and any additional qualifications included in the required qualifications section.

• Option 1: Six (6) years of qualifying professional experience in accounting or auditing.
• Option 2: An associate degree in accounting, finance, economics, business administration, or related field with 24 semester or 36 quarter hours in accounting AND four (4) years of qualifying professional experience defined in option 1.
• Option 3: A bachelor's degree in accounting, finance, economics, business administration, or related field with 24 semester or 36 quarter hours in accounting AND two (2) or more years of qualifying professional experience as defined in option 1.
• Option 4: A master's degree in accounting, finance, economics, business administration, or related field with 24 semester or 36 quarter hours in accounting OR certification as a Washington State Certified Public Accountant (CPA) AND one (1) year of qualifying professional experience defined in option 1.

Qualifying professional experience is defined as 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.

In addition to the qualifications noted above, this position requires:

• Intermediate skill level in Microsoft Excel and Word.
• Basic skill level in Microsoft Outlook.

Preferred/Desired Qualifications:

• 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

Ready to join us?

Learn more about the Staff Examiner (Financial Examiner 2) position and the OIC by visiting our website. We encourage you to check out our video below and listen to what our employees have to say about working here!

Welcome to the OIC

Submit your application today and take the first step towards a rewarding career at the OIC!

Other Information:

• This position is represented by the Washington Federation of State Employees (WFSE).
• State law (RCW 48.02.090[5]) prohibits employees of the OIC from having any interest, directly or indirectly, in an insurance company other than as a policyholder. This prohibition includes the receipt of renewal commissions. If employment is accepted with this agency, you agree to abide by this state law.
• If a degree or other credentials are listed by the candidate, proof will be required at the finalist stage. Candidates are encouraged to pre-plan for this. University degrees must be recognized by the U.S. Department of Education and the Council for Higher Education Accreditation (CHEA) or foreign equivalent.
• If a degree was awarded outside the United States, candidates must provide a credential evaluation report.
• Prior to a new hire, a background check including criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining the applicant's suitability and competence to perform in the position.
• If claiming veteran status, please send your DD 214 to [email protected] with 2025-00516 in the subject line. Please do not attach the DD 214 to your application materials. Please black out personally identifiable data such as social security numbers.
• At the OIC, honoring diversity, equity, and inclusion means that as an agency, and as individuals, we are committed to ensuring that all employees and volunteers enjoy a respectful, safe, and supportive working environment. Only by fostering the inclusion of people from all backgrounds, cultures, and attributes, can OIC employees and volunteers achieve their fullest potential and best advance the goals and mission of the agency.
• The Office of Insurance Commissioner is an equal opportunity employer, does not discriminate on the basis of age, sex, marital status, sexual orientation, race, creed, color, national origin, honorably discharged veteran or military status, or the presence of any sensory, mental, or physical disability or the use of a trained service animal by a person with a disability. Persons requiring reasonable accommodation in the application process or requiring information in an alternative format may contact the recruitment team at [email protected]. Those with a hearing impairment in need of accommodation are encouraged to contact the Washington Relay Service at 1-800-###-#### or www.washingtonrelay.com.
• If you are having technical difficulties creating, accessing (log in, password or email issues) or completing your application (error messages), please call toll-free at (855) ###-####.
• For general questions regarding applying for jobs, contact the recruiter or [email protected].

How to Apply:

Your application will be evaluated based on how closely your qualifications and experience meet the required and/or preferred qualifications of the position. Applications missing the requested information or containing incomplete responses may be disqualified and removed from further consideration.

General suggestions for creating a good application:

• Read the job posting very carefully. Find out as much as you can about the position.
• Make sure you are very diligent in following all the application instructions. Include all requested documentation.
• Make sure your application and supplemental question responses address how you meet each of the required and desired qualifications.
• Carefully read each of the supplemental questions and respond completely to each one. Pay attention to each component of the question, providing examples, and thoroughly describing when and where you achieved the experience. Detail the types of work you performed, the work products, etc., to demonstrate 'how'.
• Specifically include all your work experiences doing the same or similar work, especially if you reference work in these jobs in describing when/where you gained experience or skills.
• Make sure your application reflects your best writing.

Wage/salary depends on qualifications or state rules of compensation (if currently a state employee).

Contact us: For inquiries about this position, please contact us at [email protected].

Compensation details: 32.43-43.61 Hourly Wage

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