FINANCIAL INSURANCE EXAMINER INTERMEDIATE* - 09162025- 71296

Job Information

LOCATION OF (1) POSITION(S) TO BE FILLED: DEPARTMENT OF COMMERCE & INSURANCE, INSURANCE DIVISION, DAVIDSON COUNTY

Qualifications

Education and Experience: A bachelor's degree in accounting from an accredited college or university or be a Certified Public Accountant. If you have an accounting degree, you must provide evidence of this degree such as a certificate of graduation or college transcripts. If you are a Certified Public Accountant, you must provide documentation substantiating that you have passed the examination and hold an active license to practice as a Certified Public Accountant.

OR

A bachelor's degree in another field of study from an accredited college or university (i.e., Finance, Insurance, Risk Management, Economics or Business). If you do not have an accounting degree, you must prove that you have successfully completed 15 semester hours of accounting including the accounting courses below, plus 3 semester hours of management, 3 semester hours of finance or economics and 3 hours of business law.

• Accounting Fundamentals (6 semester hours)
• General Auditing (3 semester hours)
  • Alternatively, an additional 18 months of experience specific to financial examinations (for a total work experience of 42 months overall) can qualify in lieu of a General Auditing course.
• Management (3 semester hours)
  • Note that the Management courses offered by CPCU, LOMA, and CLU will satisfy this requirement. (You must provide documentation from LOMA, CPCU, or CLU to verify this course).
• Business Law (3 semester hours)
  • The three (3) semester hours of business law requirement may be met through the successful completion of the college level law courses offered by LOMA, CPCU, or CLU, may be substituted for the required semester hours (you must provide documentation from LOMA, CPCU, or CLU to verify this course).

OR

A bachelor's degree with at least one year of experience an insurance financial examiner with a credited state insurance department.

NSQs:

1. Must have at least 2-year experience as an insurance financial examiner.
2. Must have a valid vehicle operator license.

Overview

This classification has a moderate sized workload functioning at the working level. This position is responsible for investigating, assessing, and analyzing insurance company risks, controls, policies, regulation compliance, corporate governance, procedures, and financial statements to assist the Insurance Department in its responsibility to assess and monitor the current financial condition and prospective financial solvency of insurance companies. This position differs from that of Insurance Examiner Associate in that examiner has a minimum of two years' experience as a financial examiner with at minimum satisfactory performance. Work may include greater complexity, difficulty and require greater knowledge than work performed by Examiner Associate. This class differs from that of Financial Insurance Examiner Advanced in that the incumbent of the latter has at minimum one additional year of experience and has attained the Certified Financial Examiner certification as recognized by the Society of Financial Examiners. Financial Insurance Examiner Advanced work includes supervising larger more complex jobs which include multi-state zone examinations.

Responsibilities

1. Review of insurance company information including statutory filing, financial information, etc. to gain an understanding of the company to determine significant risks faced by the company.
2. Performs assigned exam procedures using the NAIC Financial Condition Examiner's Handbook and Tennessee Guidelines.
3. Documents results of the assigned procedures in audit software (ex: TeamMate).
4. Prepares memos, notes of exam meetings, and assists in findings for reports, and/or management letters.
5. Reports work findings to assigned Examiner-In-Charge.
6. Functions as Examiner-in-Charge on smaller, Tennessee only insurance companies.
7. Has a moderate working knowledge of NAIC Financial Condition Examiner's Handbook, Statement of Statutory Accounting Principles (SSAP), Tennessee Code Annotated (TCA), Tennessee Rules and Regulations, and National Association of Insurance Commissioners (NAIC) standards. References databases such as State Based Systems (SBS) and I-SITE.
8. Maintains professional communications with both internal and external parties including other state insurance agencies, contractors, specialists, State of Tennessee Financial Analysts, insurers, and other related customers.
9. Serves as an internal resource for other Commerce and Insurance employees outside of the Insurance Examinations section.
10. Travels in and out of state to perform examinations.
11. Assists other Insurance Examiners as directed.
12. Attends all mandatory meetings and training. May attend conferences (ex: Society of Financial Examiners Career Development Seminar).

Competencies (KSA's)

Competencies:

1. Focus on customer service.
2. Quality decisions
3. Ethics and values
4. Integrity and trust
5. Problem solving
6. Perseverance
7. Composure

Knowledge:

1. Economics and accounting
2. Computers and electronics
3. English language
4. Mathematics
5. Customer and personal service
6. Clerical
7. Moderate knowledge of Accounting Principles and Practices including Statutory Accounting
8. Moderate knowledge of Insurance products and key processes.

Skills:

1. Active learning and listening
2. Critical and analytical thinking
3. Judgment and decision making
4. Reading Comprehension
5. Speaking
6. Writing
7. Computer
8. Time management
9. Organizational

Abilities:

1. Reading comprehension
2. Deductive and inductive reasoning
3. Problem sensitivity
4. Written comprehension
5. Speech clarity
6. Interpreting laws
   

Tools & Equipment

1. Computer
2. Microsoft Office Software
3. Phone
4. Copier/Scanner/Printer
5. Audit Software