State of South Carolina
Audits Manager I-Financial Examiner
State of South Carolina, Columbia, South Carolina, us, 29228
Mission Statement
The mission of the State of South Carolina Department of Insurance is to protect the insurance consumers, the public interest, and the insurance marketplace by ensuring the solvency of insurers; by enforcing and implementing the insurance laws of the State; and by regulating the insurance industry in an efficient, courteous, responsive, fair, and equitable manner. For more information about working at the SC Department of Insurance, please visit Department of Insurance, SC - Official Website | Official Website.
This position is located in the Office of Financial Regulations and Solvency's Examination division.
Under the direction of the Chief Financial Examiner, this role oversees a staff of financial examiners to determine compliance by domestic insurers, both Traditional and Captive and HMO’s with South Carolina insurance statutes and regulations and the National Association of Insurance Commissioners (NAIC) Examiners Handbook and Accounting Guidance. This employee and the staff of financial examiners have the responsibility of detecting financial problems on all companies licensed to operate in South Carolina. Extensive travel may be required, both in-state and out-of-state.
Job Functions Supervises examinations for all types of companies. Employee uses established Department and NAIC procedures and guidelines, is encouraged to recommend new and innovative auditing procedures. The employee receives instruction and guidance from Chief Examiner, must be able to function independently and use discretion in the audit tasks performed.
Assists in the training of and oversees the financial examiners who examine statutory statements and other relative financial information of companies licensed by this Department in accordance with established department procedures and NAIC guidelines to determine compliance with statutory requirements. Supervises and participates on large companies and priority companies as well as small to medium companies with no priority status.
Develops detailed written examination work plans in a timely manner and ensures detailed and accurate work paper documentation.
Prepares reports on examination in accordance with stipulated guidelines and ensures that work paper documentation supports examination findings in accordance with Department procedures.
Participates on special examinations including organizational examinations.
Qualifications Minimum educational requirement: Bachelor's Degree with multiple accounting, finance, and/or mathematics courses and professional experience in accounting, auditing, finance, insurance, business administration, tax preparation and/or analysis.
At least eighteen (18) hours of accounting preferred.
Experience in insurance accounting or other related experience; or substitution on a year‑for‑year basis of full‑time, paid, related employment for the required education or related graduate level study for the required employment; or experience as a CPA. Computer skills and knowledge of electronic auditing preferred. The person must be eligible to be certified by the Society of Financial Examiners to hold the title of Certified Financial Examiner (CFE) within timeframe determined by the department. Forty hours of continuing education required on an annual basis.
Educational Credentials Applicants indicating college credit or degree(s) on the application will be required to submit a sealed, certified copy of the transcript(s) prior to beginning employment. Failure to produce an official, certified transcript will result in any conditional offer of employment being rescinded.
Equal Opportunity Employer It is the policy of the South Carolina Department of Insurance to provide equal employment opportunities to all job applicants and employees without regard to race, color, religion, national origin, sex (including but not limited to pregnancy, childbirth or related medical conditions and lactation), disability or age.
Veteran Preference Statement South Carolina is making our Veterans a priority for employment in state agencies and institutions.
Benefits The Department of Insurance offers an exceptional benefits package for FTE positions that includes:
Health, Dental, Vision, Long Term Disability, and Life Insurance for Employee, Spouse, and Children
15 days annual (vacation) leave per year
15 days sick leave per year
13 paid holidays
State Retirement Plan (pension plan option) and Deferred Compensation Programs
Employee Assistance Program
Free counseling sessions for employees and household members
Free legal counseling
Free financial counseling
Flexible Work Schedules
Compressed work weeks
Part-time telecommuting upon completion of mandatory probationary period.
Flex-time
Free Gym Access
Growth Opportunities
Certifications/designation program allowing for salary increases and bonuses
Infants at Work Program
Employees eligible to bring their newborn/infant to the workplace
Free Parking
#J-18808-Ljbffr
This position is located in the Office of Financial Regulations and Solvency's Examination division.
Under the direction of the Chief Financial Examiner, this role oversees a staff of financial examiners to determine compliance by domestic insurers, both Traditional and Captive and HMO’s with South Carolina insurance statutes and regulations and the National Association of Insurance Commissioners (NAIC) Examiners Handbook and Accounting Guidance. This employee and the staff of financial examiners have the responsibility of detecting financial problems on all companies licensed to operate in South Carolina. Extensive travel may be required, both in-state and out-of-state.
Job Functions Supervises examinations for all types of companies. Employee uses established Department and NAIC procedures and guidelines, is encouraged to recommend new and innovative auditing procedures. The employee receives instruction and guidance from Chief Examiner, must be able to function independently and use discretion in the audit tasks performed.
Assists in the training of and oversees the financial examiners who examine statutory statements and other relative financial information of companies licensed by this Department in accordance with established department procedures and NAIC guidelines to determine compliance with statutory requirements. Supervises and participates on large companies and priority companies as well as small to medium companies with no priority status.
Develops detailed written examination work plans in a timely manner and ensures detailed and accurate work paper documentation.
Prepares reports on examination in accordance with stipulated guidelines and ensures that work paper documentation supports examination findings in accordance with Department procedures.
Participates on special examinations including organizational examinations.
Qualifications Minimum educational requirement: Bachelor's Degree with multiple accounting, finance, and/or mathematics courses and professional experience in accounting, auditing, finance, insurance, business administration, tax preparation and/or analysis.
At least eighteen (18) hours of accounting preferred.
Experience in insurance accounting or other related experience; or substitution on a year‑for‑year basis of full‑time, paid, related employment for the required education or related graduate level study for the required employment; or experience as a CPA. Computer skills and knowledge of electronic auditing preferred. The person must be eligible to be certified by the Society of Financial Examiners to hold the title of Certified Financial Examiner (CFE) within timeframe determined by the department. Forty hours of continuing education required on an annual basis.
Educational Credentials Applicants indicating college credit or degree(s) on the application will be required to submit a sealed, certified copy of the transcript(s) prior to beginning employment. Failure to produce an official, certified transcript will result in any conditional offer of employment being rescinded.
Equal Opportunity Employer It is the policy of the South Carolina Department of Insurance to provide equal employment opportunities to all job applicants and employees without regard to race, color, religion, national origin, sex (including but not limited to pregnancy, childbirth or related medical conditions and lactation), disability or age.
Veteran Preference Statement South Carolina is making our Veterans a priority for employment in state agencies and institutions.
Benefits The Department of Insurance offers an exceptional benefits package for FTE positions that includes:
Health, Dental, Vision, Long Term Disability, and Life Insurance for Employee, Spouse, and Children
15 days annual (vacation) leave per year
15 days sick leave per year
13 paid holidays
State Retirement Plan (pension plan option) and Deferred Compensation Programs
Employee Assistance Program
Free counseling sessions for employees and household members
Free legal counseling
Free financial counseling
Flexible Work Schedules
Compressed work weeks
Part-time telecommuting upon completion of mandatory probationary period.
Flex-time
Free Gym Access
Growth Opportunities
Certifications/designation program allowing for salary increases and bonuses
Infants at Work Program
Employees eligible to bring their newborn/infant to the workplace
Free Parking
#J-18808-Ljbffr