TDI - Financial Examinations - Financial Examiner III

Job Description:

TDI - Financial Examinations - Financial Examiner III

Description

Agency Information

Do you have a passion for public state service and enjoy making a difference? Don't miss out on this opportunity. The Texas Department of Insurance (TDI) is hiring! Apply today if you're looking for a rewarding career in public state service. TDI regulates the insurance industry, administers the Texas workers compensation system, educates, and protects consumers. TDI is located at 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 (state pays other 50%).
• Optional benefits like dental, vision, life insurance, and many more.
• Qualified employer for the Federal Public Service Loan Forgiveness Program.

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) Houston 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.
• Assists with special projects and 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)

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:

• 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:

• Operating a motor vehicle in a safe and courteous manner in compliance with traffic laws.
• Problem solving, decision making, and planning.
• Gathering and assimilating information from multiple sources efficiently and developing clear and concise conclusions.
• Organization and prioritization of tasks.
• Using personal computers, including Microsoft applications (e.g. Word and Excel).

This position requires the demonstrated ability to:

• Satisfy the requirements to maintain fully qualified driving status.
• Apply critical thinking to analyze and solve work problems and analyze and evaluate compliance trends.
• Communicate professionally and effectively, both verbally and in writing, with all levels of employees and the general public.
• 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 course s 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 following documents, as applicable, with your application. See How to Apply 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 Career Center 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.
• Supplemental questions (if applicable)*.

We may reject submissions that do not include all the required information.
*If you are applying through WIT, log into CAPPS Career Center to access supplemental questions and review your submission.

Salary:

$6013.49 - 6013.49 Monthly