Financial Examiner Trainee
Jobs2web
full-time
Posted on:
Location Type: Office
Location: Chicago • Illinois • United States
Visit company websiteExplore more
Salary
💰 $4,756 - $6,533 per month
Job Level
About the role
- Under immediate supervision, for a period of up to twelve months, receives on-the-job instruction and guidance in learning to perform a variety of assignments of increasing difficulty to develop knowledge, understanding and practical skills requisite for performing risk focused examinations in accordance with the National Association of Insurance Commissioners (NAIC) Financial Examiners Handbook including.
- Receives exposure to all aspects of the financial examination process to develop knowledge, understanding and practical skills.
- As a financial examination team member, receives on-the-job instruction and guidance to perform a risk focused examination/analysis in accordance with the National Association of Insurance Commissioners (NAIC) Financial Examiners/Analysis Handbook.
- Participates with higher level examiners in meetings and interactions with insurance company officials and industry representatives.
- Learns to prepare electronic working papers necessary to support examination findings
- Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.
Requirements
- Requires a bachelor’s degree with 21 semester hours of coursework in accounting, (3 hours of auditing), with additional coursework in business, economics, finance, insurance, information technology, risk management, finance or a closely related field.
- Prefers elementary knowledge of insurance accounting and auditing theories, methods, standards and procedures.
- Prefers basic knowledge of spreadsheets and computer applications.
- Prefers ability to prepare documentation and reports of examination findings in a logical and concise manner.
- Prefers ability to successfully complete on-the-job training assignments for the financial examination of insurance companies.
- Prefers ability to learn and retain knowledge of the Illinois Insurance Code and all applicable laws, rules, regulations, and current accounting practices that govern the insurance industry.
- Prefers ability to perform duties in a professional, efficient and ethical manner and to maintain the confidentiality of the company’s information that is obtained during the examination.
- Prefers ability to establish effective working relationships with agency staff and insurance company officials and representatives.
- Prefers ability to acquire knowledge in the structure, operation, and management of insurance companies.
- Prefers elementary knowledge of technology utilized in the insurance industry.
- Prefers elementary knowledge of business administration practices as related to insurance companies.
Benefits
- Health, Life, Vision, and Dental Insurance
- 13 Paid Holidays annually, 14 on even numbered years
- 10-25 days of Paid Vacation time annually - (10 days in year one of employment)
- 12 Paid Sick Days annually (sick days carry over from year to year)
- 12 Weeks Paid Maternity/Paternity Leave
- 3 Paid Personal Days annually
- Pension Plan
- Deferred Compensation Program and other pre-tax benefit programs (Medical/Daycare)
- Flexible work schedules may be available, dependent upon position
- Tuition Reimbursement Program and Federal Public Service Loan Forgiveness Program eligibility
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
accountingauditingfinancial examinationrisk analysisspreadsheetsdocumentation preparationreport writingIllinois Insurance Codecurrent accounting practicesinsurance accounting
Soft Skills
professionalismefficiencyethical conductconfidentialityeffective communicationrelationship buildinglearning abilityorganizational skillsattention to detaillogical thinking