Examiner-in-Charge (Financial Examiner 3)

This recruitment will remain open until May 31, 2025. The agency reserves the right to make a hiring decision at any time after the initial screening date on April 4, 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 a motivated and qualified individual to fill our Examiner-in-Charge (Financial Examiner 3) position. This role is 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

The Examiner-in-Charge (Financial Examiner 3) position plays a critical role in supporting the mission of the organization by overseeing and leading examinations of insurance companies and other regulated entities. This position ensures that these entities maintain solvency and comply with applicable laws, statutes, and regulations. The examiner will conduct these assessments in alignment with the National Association of Insurance Commissioners (NAIC) accreditation standards and internal policies. As a key contributor, the Examiner-in-Charge is responsible for ensuring regulatory compliance and safeguarding the financial stability of the industry.

This recruitment may be used to establish a qualified pool of candidates for Financial Examiner 3 vacancies in the next sixty days.

This is a Washington General Service position. The monthly salary range for this position is $6,539 - $8,801.

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: https://www.insurance.wa.gov

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

• Develops work programs and approves the staff examiner’s planned exam approach.
• Ensures that all significant risks (including prospective risks) have been identified and are considered in the planned exam procedures.
• Assigns work to staff examiners, specialists, and other state examiners and ensures the workload of the staff examiners is properly managed.
• Performs, reviews and assesses the work and findings, including workpapers and reports. Suggests revisions or corrections to work if necessary.
• Assists staff examiners with complex accounting or examination questions.
• Determines areas of key risk and develops risk statements. Identifies and assesses inherent risk in activities.
• Identifies risk mitigation strategies/controls. Interviews or confers with insurance company employees to identify and obtain an understanding of internal controls in place to mitigate risks.
• Determines whether controls could reduce risk to an acceptable level, and whether testing of those controls are warranted.
• Analyzes financial statements and account balances to identify any unusual trends or balances and analyzes the company’s operations to obtain an understanding of the key functional activities.
• Properly designs and executes test of controls that addresses the risk(s) identified.
• Perform examination of Charitable Gift Annuities issuers.
• Assists and trains other examiners. Designs and delivers training to other staff.
• Performs peer reviews (accreditation reviews) of completed financial examinations.
• 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 for examined entities.

Required Qualifications:

• Option 1: Seven (7) years of qualifying professional experience in accounting or auditing; AND an active Certified Public Accountant (CPA) license granted by Washington State or another state that has reciprocity with Washington State, or a designation as an Accredited Financial Examiner (AFE) or a Certified Financial Examiner (CFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE).
• Option 2: An associate degree in accounting, finance, economics, insurance, or related field; WITH 12 semester or 20 quarter hours in accounting, finance, economics, or insurance; AND five (5) or more years of qualifying professional experience defined in Option 1; AND an active Certified Public Accountant (CPA) license granted by Washington State or another state that has reciprocity with Washington State, or a designation as an Accredited Financial Examiner (AFE) or a Certified Financial Examiner (CFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE).
• Option 3: A bachelor’s degree in accounting, finance, economics, insurance, or related field; WITH 12 semester or 20 quarter hours in accounting, finance, economics, or insurance; AND three (3) or more years of qualifying professional experience as defined in Option 1; AND an active Certified Public Accountant (CPA) license granted by Washington State or another state that has reciprocity with Washington State, or a designation as an Accredited Financial Examiner (AFE) or a Certified Financial Examiner (CFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE).
• Option 4: A master’s degree in accounting, finance, economics, insurance, or related field; WITH 12 semester or 20 quarter hours in accounting, finance, economics, or insurance; AND two (2) year or more of qualifying professional experience defined in Option 1, AND an active Certified Public Accountant (CPA) license granted by Washington State or another state that has reciprocity with Washington State, or a designation as an Accredited Financial Examiner (AFE) or a Certified Financial Examiner (CFE) in an insurance discipline, as granted by the Society of Financial Examiners (SOFE).

"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.

Preferred 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 Financial Examiner 3 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 recruitment@oic.wa.gov with FE3 - 2025-02132 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 Recruitment@oic.wa.gov. Those with a hearing impairment in need of accommodation are encouraged to contact the Washington Relay Service at 1-800-676-3777 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) 524-5627.
• For general questions regarding applying for jobs, contact the recruiter or Recruitment@oic.wa.gov.

Supplemental Information:

How to Apply:

• Create an online account: Go to the job posting and click the big green “Apply” button. You’ll need to set up an account if you haven’t already.
• Complete your application: Be sure to answer all the questions fully and honestly. Avoid vague answers like “see resume.” This may result in disqualification.
• Attach your cover letter and resume. Applications that do not include a cover letter and resume or are incomplete will be automatically disqualified.
• Provide references: List three people who have supervised your work and can vouch for your skills. If you don’t have enough, you can include people like teachers, college professors, or other professional colleagues.

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 recruitment@oic.wa.gov.

Compensation details: 37.58-50.58 Hourly Wage

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