Financial Insurance Examiner – Protecting Oregon's Consumers and Workers with Integrity and Expertise

Join the Department of Consumer and Business Services (DCBS) as a Financial Insurance Examiner

We are seeking a highly skilled and dedicated Financial Insurance Examiner to join our team in the heart of Oregon. As a Financial Insurance Examiner, you will play a critical role in protecting Oregon's consumers and workers by ensuring the financial stability and integrity of insurance companies operating in the state. This is a unique opportunity to work in a dynamic and rewarding field, with a competitive salary and benefits package, and the chance to make a positive impact on the lives of Oregonians.

About the Department of Consumer and Business Services (DCBS)

The Department of Consumer and Business Services (DCBS) is a progressive business regulatory state agency dedicated to protecting and serving Oregon's consumers and workers while supporting a positive business climate. Our mission is to ensure that financial institutions, insurance companies, and other businesses operate fairly and transparently, and that consumers have access to reliable and affordable products and services.

About the Division of Financial Regulation (DFR)

The Division of Financial Regulation (DFR) is responsible for ensuring the safety and soundness of financial institutions, the availability and affordability of financial products, and the fair treatment of consumers. Our team is committed to providing exceptional service, expertise, and guidance to insurance companies, financial institutions, and consumers.

Job Summary

As a Financial Insurance Examiner, you will be responsible for examining foreign and domestic insurance companies doing business in Oregon to determine their financial condition and their ability to fulfill and manner of fulfilling obligations. You will also verify whether proper treatment has been given to policyholders, and if there is compliance with the Insurance Code.

Key Responsibilities:

• Conduct examinations of insurance companies to assess their financial condition, risk management practices, and compliance with Oregon's insurance laws and regulations
• Analyze financial statements, reports, and other data to identify potential risks and areas for improvement
• Evaluate the quality of risk management practices, including asset management, liability management, and reinsurance
• Assess the company's governance, management, and internal controls
• Verify that policyholders have been treated fairly and that claims have been handled properly
• Prepare clear and concise reports of examination findings, including recommendations for improvement
• Communicate effectively with insurance company management, regulators, and other stakeholders
• Stay up-to-date with changes in the insurance industry, regulatory requirements, and emerging trends and risks

Requirements and Qualifications

To be considered for this role, you must meet the minimum qualifications and have the required skills and experience.

Minimum Qualifications:

• Hold the Accredited Financial Examiner (AFE) designation offered through the Society of Financial Examiners
• Or, a bachelor's degree in accounting from an accredited college or university or a bachelor's degree with the successful completion of the following courses:
  • Accounting fundamentals (6 semester hours)
  • Intermediate accounting (6 semester hours)
  • General auditing (3 semester hours)
  • Business law (6 semester hours – 3 of the semester hours can be acquired through completion of LOMA, CPCU, or CLU courses)

Preferred Qualifications:

• Advanced degree in accounting, finance, or a related field
• Professional certifications, such as CPA, CFA, or FRM
• Experience in the insurance industry or with financial institutions
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills

What We Offer

As a Financial Insurance Examiner with DCBS, you will enjoy a rewarding and challenging work environment, with opportunities for growth and professional development.

Benefits and Perks:

• Competitive salary range: $5,747 - $8,831 per month
• Comprehensive benefits package, including medical, dental, and vision insurance
• 11 paid holidays per year
• Opportunities for advancement and learning
• Possible eligibility for the Public Service Loan Forgiveness Program
• Fully remote work option once proficiency is gained

Why Join Our Team?

At DCBS, we value our employees and strive to create a positive and inclusive work environment. We are committed to diversity, equity, and inclusion, and welcome applications from qualified candidates of all backgrounds.

Our Culture:

• Collaborative and dynamic work environment
• Opportunities for professional growth and development
• Commitment to diversity, equity, and inclusion
• Recognition and rewards for outstanding performance

How to Apply

If you are a motivated and detail-oriented professional with a passion for insurance regulation and consumer protection, we encourage you to apply for this exciting opportunity.

To apply, please submit your resume and cover letter through our online application portal. Please ensure that you clearly demonstrate in your application materials that you meet the qualifications listed and that you follow all instructions carefully.

Only complete applications received by the posted application deadline date will be considered. You may be asked to submit a skills assessment, a writing sample, or a video interview as part of the application screening process.

Don't Miss This Opportunity!

Join our team as a Financial Insurance Examiner and make a positive impact on the lives of Oregonians. Apply today and take the first step towards a rewarding and challenging career in insurance regulation and consumer protection!