Insurance Examiner-In-Charge

As an Examiner-in-Charge (EIC) for the Vermont Department of Financial Regulation, Captive Insurance Division, you will lead examinations and provide ongoing oversight of Vermont-domiciled captive insurance companies. Using a risk-focused approach, you will guide a team of examiners in evaluating key areas of captive insurance operations, including corporate governance, strategy, business plans, IT systems, internal controls, financial reporting, and regulatory compliance. Additional duties include conducting research, managing special projects, and performing annual and quarterly surveillance for a portfolio of companies.

This role requires self-motivation and strong skills in time management, organization, critical thinking, and communication.

Responsibilities

• Lead a team of examiners in risk-focused evaluations of captive insurance companies, assessing corporate governance, strategy, business plans, IT systems, internal controls, financial reporting, and regulatory compliance.
• Conduct ongoing oversight and surveillance (annual and quarterly) for a portfolio of Vermont-domiciled captive insurance companies.
• Perform research and complete special projects as assigned.

Requirements

• Graduate degree in Finance, Accounting, Business Administration, or a related field and two or more years of technical-level experience in accounting, auditing, or financial examination, including two or more years in insurance operations and supervisory responsibilities.
• or Bachelor’s degree and four or more years of technical-level experience in accounting, auditing, or financial examination, including two or more years in insurance operations and supervisory responsibilities.
• or One year of experience as an Insurance Examiner III.

Preferred Qualifications

• AFE (Accredited Financial Examiner), CFE (Certified Financial Examiner), or CPA (Certified Public Accountant) designations.

Special Requirements

• Employees involved in financial examinations must obtain the CFE designation within 48 months of employment.

Environmental Factors

• Work is performed primarily in a normal office setting and/or remotely.
• May require travel to insurer offices in or outside Vermont.
• Work hours may vary based on examination and workload needs.

Benefits

• 80% State-paid medical premium and a dental plan at no cost for employees and their families.
• Work/life balance: 11 paid holidays each year and a generous leave plan.
• State-paid Family and Medical Leave Insurance (FMLI).
• Two retirement savings options: a State-defined benefit pension plan and a deferred compensation 457(b) plan.
• Tuition reimbursement.
• Flexible spending accounts for healthcare and childcare reimbursement.
• Low-cost group life insurance.
• Incentive-based Wellness Program.
• Qualified Employer for Public Service Student Loan Forgiveness Program.

Explore the Benefits of State Employment for more details.