What are the responsibilities and job description for the Insurance Director, Financial Conditions - Revenue - Insurance Commission - Kanawha Co. position at West Virginia?
****Exempt Position****
***This job opportunity is not in the classified service and is not covered under the Administrative Rule of the WV Division of Personnel. If you are interested in this position, you must apply directly to the hiring agency.***
Please send your completed application to:
Division of Personnel application can be found online HERE
(Download application and save to your computer)
The Financial Conditions division of the WV Offices of the Insurance Commissioner is responsible for the licensing, financial monitoring, and financial examinations of insurance companies admitted to do business in West Virginia so that policyholders are secure in purchasing insurance products from financially solvent and compliant insurance companies.
The ideal candidate will be responsible for performing the following duties:
- This position will serve as the Director of the Financial Conditions unit and serve as the Chief Financial Examiner of the WV Offices of the Insurance Commissioner.
- Oversight of all aspects of financial insurance regulation, including the examination and financial analysis of insurance companies.
- Oversight of the planning and coordination of financial examinations and the financial solvency analysis of WV insurance companies to verify and monitor their financial condition and to confirm that the insurers are in fiscal compliance with WV laws, rules, regulations and statutory insurance accounting practices.
- Management and supervision of all employees in the Financial Conditions unit and the related employee training and development duties.
- Oversight and monitoring of all contracted employees and firms who perform financial examination and analysis services.
- This position is critical to the WV Offices of the Insurance Commissioner and serves as a key function to maintain national accreditation from the National Association of Insurance Commissioners (NAIC), which is the body that establishes the standards for financial monitoring of insurance companies on a national basis.
- Performs other duties as assigned.
hours in accounting.
AND
Experience: Five (5) years of full-time or equivalent part-time paid experience conducting analyses and examinations of insurance companies using SAP and GAAP in accordance with NAIC rules and regulations.
Special Requirement: Certified Financial Examiner (CFE) designation from the Society of Financial Examiners.
Please note, this is an Exempt position and is not covered under the merit system administered by the West Virginia Division of Personnel.
PG: 22 $58,329 - $103,488
Market Rate: $91,800
Come join our team!
We believe our employees deserve the best to make sure they have a great work-life balance. The WV Offices of the Insurance Commissioner offers a great benefit package that includes:
- Holidays - Minimum of 12 paid holidays
- Leave Accrual - Ample Annual (starting at 4.61 hours a pay period) and Sick Leave (5.55 hours a pay period) Accrual
- Medical Insurance - Insurance through Public Employees Insurance Agency (PEID) with several plan options and Flexible Benefits through Mountaineer Flex Benefits to cover additional needs
- Life Insurance - Free $10,000 Basic Life Insurance and additional life insurance offered at a low cost to you
- Retirement - Mandatory retirement where the employee contributes a portion of their annual salary and the employer also contributes, in addition to an optional 457 deferred compensation retirement plan
This job opportunity is not in the classified service and is not covered under the Administrative Rule of the WV Division of Personnel. Therefore, interested persons must apply directly to the hiring agency as indicated above.
Salary : $58,329 - $103,488
