Audits Manager II

Job Responsibilities

• Trains and provides oversight and supervision of financial examiners who examine the financial condition of domestic insurers in accordance with the NAIC Financial Condition Examiners Handbook and NAIC accreditation standards.
• Supervises more than one examination of multi-state insurers concurrently.
• Acts as reviewer of the work performed by examiners and ensures that all examination work is an appropriate execution of the Risk-Focused Examination approach.
• Prepares and provides detailed written examination work plans in a timely manner and that examination work papers and files are detailed and thoroughly documented.
• Reviews examination work papers to ensure completeness.
• Ensures that examinations and files meet NAIC examination and accreditation standards throughout all phases of the examination.
• Provides input and advice to examiners and, as required, other Department personnel on technical matters pertaining to financial regulation and solvency.
• Confers with company representatives and fellow agency employees regarding examination results and assists in development of appropriate regulatory action where needed.
• Ensures that communication from examiners to financial analysts, including initial planning meetings, regular periodic updates and summary review memoranda (SRM) meets or exceeds NAIC examination and accreditation standards.
• Aids in the development and maintenance of internal written guidelines and standards and best practices for the conduct of financial examinations.
• Interprets state and laws and regulations and NAIC guidelines.

Minimum And Additional Requirements

• Bachelor’s degree with multiple accounting, mathematics and/or finance courses and professional experience in accounting, auditing, finance, insurance, business administration or taxation.
• A minimum of ten (10) years’ experience in insurance company examination.
• Must hold and maintain current Certified Financial Examiner (CFE) credential.

Preferred Qualifications

• At least 18 hours of accounting strongly preferred.

Other duties as assigned.

Minimum Qualifications

• Bachelor’s degree with multiple accounting, mathematics and/or finance courses and professional experience in accounting, auditing, finance, insurance, business administration or taxation.
• A minimum of ten (10) years’ experience in insurance company examination.
• Must hold and maintain current Certified Financial Examiner (CFE) credential.

Additional Comments

• Employee’s duties and training may require some travel, both in-state and out-of-state.
• 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: The South Carolina Department of Insurance is committed to providing equal employment opportunities to all job applicants and employees without regard to their 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. 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; Flex-time; Contingent upon completing required probationary period; 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.