Insurance Examiner-In-Charge
About the role
As an Examiner-in-Charge (EIC) for the Vermont Department of Financial Regulation, Captive Insurance Division, your primary responsibilities include examinations and ongoing oversight of Vermont domiciled captive insurance companies. Utilizing a risk-focused approach, you will lead a team of examiners in evaluating areas of captive insurance company operations and business practices, including corporate governance, strategy, business plan, IT systems, internal controls, financial reporting, and regulatory compliance. You will also conduct research, be assigned special projects, and conduct annual and quarterly surveillance for a portfolio of companies. Work is performed primarily in a normal office setting and/or remotely and may require travel to insurer offices in or outside of the State of Vermont.
Responsibilities
- Lead a team of examiners in conducting examinations and ongoing oversight of Vermont domiciled captive insurance companies.
- Evaluate corporate governance, strategy, business plan, IT systems, internal controls, financial reporting, and regulatory compliance using a risk-focused approach.
- Conduct research and be assigned special projects.
- Perform annual and quarterly surveillance for a portfolio of captive insurance companies.
Requirements
- Graduate degree in Finance, Accounting, Business Administration, or a related field AND two (2) or more years of experience at or above a technical level in accounting, auditing, or financial examination, INCLUDING two (2) or more years involving insurance operations and supervisory responsibilities.
- Bachelor's degree AND four (4) or more years of experience at or above a technical level in accounting, auditing, or financial examination, INCLUDING two (2) or more years involving insurance operations and supervisory responsibilities.
- One year as an Insurance Examiner III.
- Employees involved with financial examinations will be required to obtain the CFE designation within 48 months of employment.