Assistant Chief Financial Examiner (WMS2) at State of Washington – View Job Posting for Location, Washington

This recruitment will remain open until filled. The agency reserves the right to make a hiring decision at any time after the initial screening date on January 30, 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) seeks a motivated and qualified individual for the Assistant Chief Financial Examiner 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

Make a Meaningful Impact in Insurance Oversight – Join Our Team as Assistant Chief Financial Examiner!

The Office of the Insurance Commissioner (OIC) is looking for a dynamic and experienced leader to join our Company Supervision Division as Assistant Chief Financial Examiner. In this role, you will be an essential member of the management team, collaborating with departments across the organization to ensure the integrity and solvency of licensed insurers in Washington State. You’ll have the opportunity to supervise and develop a dedicated team of examiners, guiding them through the examination process while ensuring compliance with Washington State insurance laws, regulations, and NAIC Accreditation Standards. As a key part of your responsibilities, you’ll also serve as the acting Chief Financial Examiner when needed and report on the status of ongoing and upcoming examinations.

Your leadership will be crucial in driving the efficiency and accuracy of the examination process. You will oversee the development and updates of policies and procedures, ensuring all examination activities meet high standards for quality, timeliness, and compliance. Additionally, you will be responsible for preparing detailed reports, reviewing findings, and presenting recommendations for corrective actions when necessary. Representing the OIC at NAIC meetings, working groups, and task forces, you’ll contribute to national initiatives that shape the future of insurance regulation. If you have a strong background in insurance, a passion for leadership, and a commitment to maintaining a stable and competitive insurance market, we invite you to apply and be part of our dedicated team!

This is a Washington Management Service position. The annual salary range for this position is $114,000 - $126,528.

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 (Thurston County): Save on commuting costs.
• And more! Explore our website for additional benefits: https://www.insurance.wa.gov

• Participate as a member of the Company Supervision management team, and coordinate with other departments as necessary. Assume role of acting Chief Financial Examiner when requested.

• Report on the status and significant issues of current examination and as well as planned future examinations.
• Ensure compliance with Washington State insurance laws and regulations, and the NAIC Accreditation Standards relating to the Financial Examination Unit.
• Develop and update policies and procedures for the Financial Examination Unit.
• Supervise, train, and evaluate examination staff.
• Assign examiners to specific examinations and perform quality verification of their work, and ensure examination timeliness/efficiency; set standards for examination procedures and quality; review and evaluate documents and information for completeness, accuracy, and compliance with policies and standards, etc. Review examination findings, issues, and recommendations.
• Extract and compile data to prepare narrative, statistical, or other reports for review and analysis. Approve form and content of examination reports before forwarding reports to the Chief Financial Examiner for approval or adoption.
• Represent the OIC on Working Groups and Task Forces at the NAIC meetings as directed by Chief Financial Examiner and/or Chief Financial Analyst. Monitor NAIC committee meetings as well as its task forces, working groups, subgroups, and ad hoc groups that the OIC’s Company Supervision Division requires. This includes the NAIC initiatives to create statutory accounting rules for insurance companies, develop model laws for insurance departments in each of the states, and administer the national accreditation program.

To read more about this position and view all duties, click here to request a position description.

Required Qualifications:

The incumbent of this position must meet one of the required qualification options listed and any additional qualifications included in the required qualifications section.

Option 1: Nine (9) years of qualifying professional experience in accounting or auditing*, and a designation as a Certified Financial Examiner (CFE) certificate in the insurance discipline as granted by the Society of Financial Examiners; OR, A Certified Public Accountant (CPA) license granted by Washington state, or any state in the US which has reciprocity with Washington state; OR, an Automation Examination Specialist certificate, which includes an Associate Financial Examiner (AFE) certificate in the insurance discipline as granted by the Society of Financial Examiners and includes a Certified Information System Auditor certificate as granted by ISACA, or a Senior Professional Insurance Regulator designation (SPIR) as granted by the NAIC Professional Designation Board, or other equivalent designations and certifications.

Option 2: An associate degree, seven (7) years of qualifying professional experience in accounting or auditing*, and a designation as a Certified Financial Examiner (CFE) certificate in the insurance discipline as granted by the Society of Financial Examiners; OR, A Certified Public Accountant (CPA) license granted by Washington state, or any state in the US which has reciprocity with Washington state; OR, an Automation Examination Specialist certificate, which includes an Associate Financial Examiner (AFE) certificate in the insurance discipline as granted by the Society of Financial Examiners and includes a Certified Information System Auditor certificate as granted by ISACA, or a Senior Professional Insurance Regulator designation (SPIR) as granted by the NAIC Professional Designation Board, or other equivalent designations and certifications.

Option 3: A bachelor’s degree, five (5) years of qualifying professional experience in accounting or auditing*, and a designation as a Certified Financial Examiner (CFE) certificate in the insurance discipline as granted by the Society of Financial Examiners; OR, A Certified Public Accountant (CPA) license granted by Washington state, or any state in the US which has reciprocity with Washington state; OR, an Automation Examination Specialist certificate, which includes an Associate Financial Examiner (AFE) certificate in the insurance discipline as granted by the Society of Financial Examiners and includes a Certified Information System Auditor certificate as granted by ISACA, or a Senior Professional Insurance Regulator designation (SPIR) as granted by the NAIC Professional Designation Board, or other equivalent designations and certifications.

Option 4: A master’s degree, three (3) years of qualifying professional experience in accounting or auditing*, and a designation as a Certified Financial Examiner (CFE) certificate in the insurance discipline as granted by the Society of Financial Examiners; OR, A Certified Public Accountant (CPA) license granted by Washington state, or any state in the US which has reciprocity with Washington state; OR, an Automation Examination Specialist certificate, which includes an Associate Financial Examiner (AFE) certificate in the insurance discipline as granted by the Society of Financial Examiners and includes a Certified Information System Auditor certificate as granted by ISACA, or a Senior Professional Insurance Regulator designation (SPIR) as granted by the NAIC Professional Designation Board, or other equivalent designations and certifications.

*Qualifying professional experience is defined as experience (auditing, analyzing, or preparing financial statements; balance sheets, income statements, cash flow statements, 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, etc., State or Federal).

AND

• Five (5) years of management or supervisory experience in a lead or advanced position.
• Intermediate level Microsoft Office skills (Word, Excel, and Outlook).

Preferred/Desired Qualifications:

• Prior work experience in a regulatory environment.
• Familiarity with insurance company operations.
• Familiarity with NAIC programs and operations.
• Hands on relevant professional work experience with insurance company operations. Advanced or greater software skills in Word, Excel, Outlook.

Ready to join us?

Learn more about the Assistant Chief Financial Examiner 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:

• 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.
• 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.

How to Apply:

1. 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.
2. Complete your application: Be sure to answer all the questions fully and honestly. Avoid vague answers like “see resume.” This may result in disqualification.

1. Attach your cover letter and resume. Applications that do not include a cover letter and resume or are incomplete will be automatically disqualified.

1. 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.