Position Information

NY HELPNo

AgencyFinancial Services, Department of

TitleInsurance Examiner

Occupational CategoryFinancial, Accounting, Auditing

Salary Grade18

Bargaining UnitPS&T - Professional, Scientific, and Technical (PEF)

Salary RangeFrom $52293 to $66494 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Competitive Class

Travel Percentage 10%

Schedule

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 9 AM

To 5 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? No

Location

County New York

Street Address One State Street

City NEW YORK

StateNY

Zip Code10004

Job Specifics

Minimum Qualifications List Appointment: Candidates must be reachable for appointment on the Civil Service Professional Career Opportunities (PCO) select titles list (#20-141), subtitle Insurance Examiner.
Transfer: Candidates must have one year of permanent competitive service in a title eligible for transfer via Section 70.1 of the Civil Service Law. Information regarding transfer eligibility may be available on the Civil Service Career Mobility Office website at http://careermobilityoffice.cs.ny.gov/cmo/

Duties Description Under the supervision of a Senior Insurance Examiner, the duties of an Insurance Examiner will include, but not be limited to:
• Reviewing annual and quarterly statutory financial statements utilizing worksheets developed by the National Association of Insurance Commissioners (NAIC) and the Life Business Unit to identify potential financial concerns at regulated entities;
• Performing analyses on statutory financial statements, audited financial statements, rating agency reviews, examination reports, publicly filed information, and documents supplied directly by regulated entities to aid in the development of Insurer Profile Summaries;
• Performing analyses on documents provided by insurance group holding companies, such as Enterprise Risk Reports and Own Risk Solvency assessments, to gain an understanding of risks at the group holding company level;
• Investigating violations and/or complaints against licensees;
• Participating on field assignments, which may require travel. Duties will include but not be limited to:
o Reviewing internal Department documents and regulated entity’s filings to gain an understanding of the entity’s operations;
o Participating in interviews of regulated entity’s C-suite personnel;
o Reviewing workpapers created by external and internal auditors and created from Sarbanes Oxley processes to gain an understanding of the regulated entity’s key risks and control environment in order to assist in the development of an examination plan and examination matrices;
o Assisting in the substantive testing of examination items where controls are either considered weak or the residual risks to the regulated entity remain significant;
o Reviewing other facets of the regulated entity’s’ operations to determine the entity’s financial condition;
o Reviewing market conduct activities utilizing the NAIC’s Market Regulations Handbook which includes the review of sales activities of the agency force including trade practices, solicitation and the replacement of insurance policies, underwriting, claims, surrenders, changes and lapses;
o Creating organized workpapers which are clear and support findings and conclusions drawn from interviews, reviews and testing performed.
• Conducting examinations on charitable annuity societies by:
o Performing reconciliations on bank and custodian accounts;
o Reviewing reserves, and;
o Reviewing other facets of societies’ operations to determine their financial condition and treatment of policyholders.

Additional Comments Appointment to this position is pending Division of Budget approval to fill.

Some positions may require additional credentials or a background check to verify your identity.

Contact Information

Name Kathy Mix

Telephone (518) 486-4619

Fax (518) 402-5071

Email Address Kathleen.Mix@dfs.ny.gov

Address

Street One Commerce Plaza

City Albany

State NY

Zip Code 12257

 

Notes on ApplyingInterested qualified candidates must submit a resume and letter of interest no later than July 12, 2016 to the email address listed below. Please include the Box # (Box LIF-07264) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.