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Financial Examiner
Dallas, TX

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Texas Department of Insurance

TDI - Financial Regulation - Financial Examiner III

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Job Description

Agency Information Do you have a passion for public state service and enjoy making a difference? The Texas Department of Insurance (TDI) is hiring! We regulate the insurance industry, administer the Texas workers' compensation system, perform the duties of the State Fire Marshal's Office, and educate and protect consumers. Apply now if you're looking for a rewarding career in public service. The Texas Department of Insurance is in the Capitol Complex, in the Barbara Jordan Building at 1601 Congress Avenue in Austin, near the Texas Capitol. Benefits of working at

TDI:

Flexible work schedules. Work-life-balance. 96 hours of accrued vacation a year. 96 hours of accrued sick leave a year. 20+ holidays every year. Career advancement opportunities. Free parking. 401(k) and 457 Programs. State of Texas retirement plan with a lifetime annuity through the Employee Retirement System of Texas (ERS). Free comprehensive medical insurance for full-time employees and 50% off premium costs for dependents. Optional benefits like dental, vision, life insurance, and many more. Qualified employer for the Federal Public Service Loan Forgiveness Program. Some benefits for part-time employees are earned proportionately to the hours worked.

Before you apply:

TDI does not sponsor or assume sponsorship of an employment visa. Learn about our selection process , our military employment preference, licensing, and credential requirements. Job Description Financial Examiner III (Financial Examiner Trainee) Dallas Area Financial Solvency Examinations evaluates the financial condition of insurance companies to determine their¿ability to pay claims and ensure compliance with state insurance laws.¿ This position performs moderately complex (journey-level) financial examination work. Work involves reviewing, testing, and evaluating fiscal, corporate, and operational records, and conducting examinations to determine and report on financial conditions and compliance with statutory requirements, bylaws, and rules. Works under general supervision, with limited latitude for the use of initiative and independent judgment.¿ Essential Job Duties This position: Assists with risk identification and risk mitigation and effect on financial solvency.¿ Evaluates reported assets, liabilities, and capital and surplus for compliance with statutes, rules, and regulations.¿ Reconciles company records and workpapers to annual and other financial statements; prepares worksheets and calculations of financial data from company records.¿ Identifies and reports on examination findings related to financial solvency or statutory compliance.¿¿ Actively participates in self-study regime to meet examiner certification and training requirements.¿ Provides assistance in meetings with executive and/or senior level management of companies to discuss risks, financial data, and policies and procedures.¿ Performs other duties as assigned.

Minimum Qualifications This position requires:

Graduation from an accredited four-year college or university with major coursework in business administration, accounting or finance, risk management, economics, or a related field.¿ Successful completion of the following courses is required for degrees other than

Accounting:

¿ Accounting Fundamentals (6 semester hours) Finance or Economics (3 semester hours) ¿ General Auditing (3 semester hours) Business Law (3 semester hours)¿ ¿ Travel may be required for up to 75% of the time. If travel is 10% or more, you must maintain a state of Texas Driver¿s License. OR Have a Master of Science (MS) or Master of Business Administration (MBA) in accounting from an accredited college or university.¿ ¿ OR Be a Certified Public Accountant. ¿ ¿ Candidates must submit transcripts from all academic institutions where course credit was earned. Applications without complete transcripts will not be considered.¿¿¿

Note:

Must be eligible for the bond-related provisions of Insurance Code Section 401.106 and take the oath required by Insurance Code Section 401.105 .¿ Additional job details: This is a remote work position that requires extensive travel (up to 75%). No office will be provided by the department. Candidates must have a secure, dedicated workspace with Internet service. Must be available during approved work schedule for meetings and group collaboration via Microsoft Teams and other applications.¿¿ Must attain the Accredited Financial Examiner (AFE) designation from the Society of Financial Examiners within a period of no longer than three years after employment.¿¿ Must attain the Certified Financial Examiner (CFE) designation from the Society of Financial Examiners within a period of no longer than five years after employment. ¿¿¿ Preferred Qualifications Preferences for this position include: Experience with regulatory examinations or related audits. Demonstrated understanding of general insurance terminology. Experience with statutory accounting principles.¿ Demonstrated ability to identify and assess risk. Knowledge/Skills/Abilities This position requires demonstrated knowledge of: State laws, rules, procedures, and regulations relevant to job requirements. Basic auditing and accounting standards of Statutory Accounting Principles (SAP) and Generally Accepted Accounting Principles (GAAP).¿¿ General office practices and administrative procedures.¿ General understanding of business law and practices.¿ Gathering and assimilating information from multiple sources efficiently. Developing clear and concise conclusions.¿ This position requires demonstrated skill in: Problem solving and critical thinking. Using Microsoft Office software applications, including Word, Excel, Outlook, and SharePoint. Using personal computers sufficient to enter and extract data from related systems and programs such as Centralized Accounting Payroll and Personnel (CAPPS) and other systems required to perform the job. Operating a motor vehicle in a safe and courteous manner in compliance with traffic laws. Gathering and assimilating information from multiple sources efficiently and developing clear and concise conclusions. Organization and prioritization of tasks. This position requires the demonstrated ability to: Communicate and work effectively with a wide range of people with varied skills, knowledge, and backgrounds. Maintain the confidentiality of sensitive information. Analyze and solve work-related problems and work independently on a variety of administrative work and technical assignments. Manage and coordinate multiple tasks and priorities to meet necessary deadlines. Work both independently and as a team player. Satisfy the requirements to maintain fully qualified driving status.¿ Apply critical thinking to analyze and solve work problems and analyze and evaluate compliance trends.¿ Learn examination techniques, identify and assess risk and evaluate its effect on financial statements and related documents.¿ Apply statutory accounting practices and analytical skills.¿ Establish and maintain effective working relationships with management, team members, coworkers and public.¿ Take initiative, accept new challenges, and be adaptive to changes.¿ Manage time effectively to complete assigned items within the budgeted amount of time.¿¿ Military/Veteran Information Military Employment Preference Get help translating your military work experience and training courses into civilian job terms, qualifications/requirements, and skill sets. Redact personal or sensitive information from all attachments. To receive a military employment preference, you must submit the required documents, as applicable, with your application. See Military Employment Preference . Applicable Military Occupational Specialty (MOS) codes are included, but not limited to one of the following: 36A, F&S, 3404, 6FOX1, 65FX¿ Click or copy and paste the following link into your browser to access Military Crosswalk information: http://www.hr.sao.texas.gov/Compensation/MilitaryCrosswalk/MOSC_AccountingAuditingandFinance.pdf How to Apply You may apply through CAPPS Agency Career Site or Work in Texas (WIT) . The following information is required with your submission.

Your submission must include complete:

Employment history (month and year) Duties and responsibilities Education Certifications Licenses Employment questions

• We may reject submissions that do not include all the required information.

•If you are applying through WIT, log into CAPPS Agency Career Site to access employment questions and review your submission.

Benefits

  • Sick Leave
  • 401(k) Plans
  • Other Retirement and Savings
  • Flexible Work Schedules