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Insurance Examiner 2

(Financial Insurance Examiner)
$2,984 - $4,146 Monthly
(Candidates with AFE and/or CFE will be paid 20% more than the listed salary.)

POST CODE: D719
ANNOUNCEMENT NUMBER: LECB5049A
CLASSIFICATION NUMBER: C5743*
REVISED: January 31, 2006 (Update Salary Statement)
CLOSE: Open Until Filled
LOCATION: Portland

GENERAL INFORMATION

  • These positions are with the Insurance Division, Financial Regulation Section, of the Department of Consumer and Business Services (DCBS), and are located in Portland.
  • This recruitment will be used to add to a list of qualified people to fill three current vacancies in Portland and may be used to fill other Financial Insurance Examiner vacancies in Portland. Only those applicants that indicate their interest in working in Portland will be considered further. Please be sure to mark Portland (26C) or Portland Metro Area (PMA) on your State of Oregon Application form.
  • If you previously applied and qualified for announcement number LECB5049, you do not need to reapply, your application will continue to be considered.
  • This announcement is open until filled. Apply now, as we could stop taking applications at any time.
  • NOTE: If you are a HIRE System candidate and you are interested in being considered for this position, you must: (a) complete the application process described in this recruitment announcement and (b) submit your completed application materials by the close date listed on this announcement to the address listed in the HOW TO APPLY section.
  • The classified employees of the Department of Consumer and Business Services are represented by the Service Employees International Union (SEIU), Oregon Public Employees Union (OPEU) and the American Federation of State, County and Municipal Employees (AFSCME). The position being recruited for in this job announcement is represented by SEIU, OPEU. Union members pay union dues; non-union members pay "fair share."

TO QUALIFY

Your PD100 application form will be reviewed to verify that you meet the qualifications stated in this section. (Be specific in describing your experience.) To be considered for this position, your application form must clearly show that you have:

  • two years of experience in insurance examination work or in auditing, accounting, or actuarial work related to the insurance industry; and a Bachelor's degree with at least 18 quarter (12 semester) hours of Accounting courses (Certification as an Accredited Financial Examiner (AFE) may substitute for the Bachelor's degree, but the accounting requirement is still in effect.); OR
  • four years of experience in insurance examination work or in auditing, accounting, or actuarial work related to the insurance industry; and an Associate’s degree with auditing coursework and at least 12 quarter (8 semester) hours of Accounting courses.

Preference may be given to applicants with Accredited Financial Examiner (AFE), and/or Certified Financial Examiner (CFE) status, a 20% salary differential will be paid to the successful candidate with either of these designations.

Note: All applicants using college degrees or coursework to qualify must submit a photocopy of all related college transcripts along with their application in order to receive credit for the college degrees and/or coursework. Transcripts must include applicant's name; coursework completed; and indicate that a degree was conferred.

Before completing your application form, please carefully read the HOW TO APPLY portion of this announcement for instructions.

On your application form (PD100), be specific in addressing your experience and/or training to areas listed in the minimum qualifications. If the qualifying experience shown on the job announcement is not the main, but only part of the duty(ies) you performed in a job you are listing, you must include the percentage of time actually spent on the qualifying experience (four hours of a 40 hour week performing bookkeeping duties = 10%; or, five hours of a 20 hour week =25%). Credit for work that is less than full time is pro-rated based on a 40-hour week.

IF YOU QUALIFY

You must submit a cover letter, not more than two (2) pages, describing your training, education, and/or experience and your level of responsibility in a) applying laws, rules, and regulations, b) auditing and statistical sampling, accounting, or actuarial work, and c) preparing clear and concise reports. If any of this experience relates to the insurance industry please include this in your description.

If you do not submit ALL of the requested application materials, your application packet will be considered incomplete and will not be considered further.

Only those applicants whose background most closely matches the needs and the requirements of this position will be contacted for an interview.

DIVISION / SECTION

The Insurance Division is charged with protecting the insurance-buying public by ensuring the financial soundness of insurers, the availability and affordability of insurance, and the fair treatment of insureds and claimants. The division collects and audits taxes of licensed insurance companies and surplus line businesses. Functions include licensing, regulating, and monitoring the conduct of insurance companies, health care service contractors, fraternal benefit societies, and the agents of these entities, and providing insurance consumer services and information to individuals and consumer groups. All types of insurance are covered including life, health, property, casualty, and title. The annual volume of insurance written in Oregon is approximately $10.8 billion.

The Financial Regulation Section is comprised of 19 full-time employees, including the chief examiner, chief analyst, 7 field examiners, 4 financial analysts, 2 tax analysts, and 4 administrative support positions. This unit annually collects $55 million in insurance taxes, administers over $1 billion of insurer custodial deposits, annually conducts, 10 to 15 financial examinations on domestic and foreign insurers, reviews new applications and holding company filings, and provides financial analysis and oversight.

DUTIES AND RESPONSIBILITIES

Financial Insurance Examiners examine foreign and domestic insurance companies doing business in Oregon to determine their financial conditions, ability to fulfill and manner of fulfillment of obligation, the nature of operations, verify whether proper treatment has been give to policyholders, and compliance with the Insurance Code. Major duties of this position: Major duties:

  • performs insurance examinations;
  • reviews entries in insurance company’s accounts and records for the examination period; discusses findings with key management staff of the company;
  • performs in-depth review of articles of incorporation, bylaws, and board of director meeting minutes; verifies that reinsurance, safekeeping agreements, fidelity bond, and other insurance coverage meets Oregon statutes, administrative rules, and NAIC suggested requirements;
  • reviews prior examination work papers to obtain a general understanding of work performed in the prior period, overall scope of work, perceived risk areas, and specific findings; reviews CPA work papers and management letter; and
  • assists the assigned actuary to determine adequacy of the insurer’s reserves.

Because there are occasions when jobs require specific language skills, please indicate in the "SPECIALIZED SKILLS AND KNOWLEDGE" section on Page #2 of your PD 100 application if you are proficient in speaking, reading and writing, or translating Spanish, Vietnamese, Russian, Laotian, Cambodian, Japanese, Chinese, French or any other specific languages. Describe any training/education and/or experience you have in signing or interpreting American Sign Language or Signed English.

People with Spanish, Russian or Vietnamese language skills are encouraged to apply.

Note: If the person hired to fill this position is proficient in a language other than English, their job duties may include providing translation services for fellow department employees and customers speaking languages other than English. Persons providing such translation services as part of their job duties may be eligible to receive a language pay differential in addition to base pay.

CUSTOMER RELATIONS EXPECTATIONS

Customer Service is the essence of the mission, goals and values at DCBS. The customer is our job!

Employees at DCBS are expected to work collaboratively with customers, both external and internal, and actively listen to and respect the customers' point of view.

Providing good customer relations means that all DCBS employees will ask questions to understand the customer's needs, work collaboratively with the customer to seek a solution, and communicate with the customer on all solutions/outcomes, even if the outcome is different from what the customer anticipated.

WORKING CONDITIONS

  • field examinations are conducted exclusively in the insurance company offices;
  • conditions and locations (sometimes with limited access and space) vary with each assignment; and
  • extended travel, individually and in groups, both in and out of state is continuous.

You must have a valid driver's license and a satisfactory driving record. Note: Prior to an offer of employment, the Department of Consumer and Business Services will conduct a driving record check.

MARKETING AND OUTREACH TRACKING/EVALUATION

DCBS is tracking and evaluating its marketing and outreach efforts. Where did you hear about this position (you can mark more than one), and please be specific. Please include this section with your completed application materials.

State Jobs Page Newspaper Ad – list newspaper:
Monster.com Other Web site – list address:
Employment Department Referral or from iMatch System
Referral from individual – list name(s):
Heard at community/professional organization meeting – list organization:

HOW TO APPLY

SUBMIT THE FOLLOWING:
  • a COMPLETED State of Oregon application (form PD100),
  • the completed Supplemental Applicant Questions (attached to the end of this announcement),
  • the completed Marketing and Outreach Tracking/Evaluation section,
  • photocopies of college transcripts, if you are using a degree or coursework to qualify,
  • a cover letter, not more than two (2) pages, describing your training, education, and/or experience and your level of responsibility in a) applying laws, rules, and regulations, b) auditing and statistical sampling, accounting, or actuarial work, and c) preparing clear and concise reports. If any of this experience relates to the insurance industry please include this in your description.

Qualified candidates whose background most closely matches the needs and requirements of this position will be contacted for an interview.

If you do not submit ALL of the requested application materials, your application packet will be considered incomplete and will not be considered further.

PLEASE NOTE: The State of Oregon does not have procedures or policies in place for VISA sponsorships. Within three-days of hire, applicants will be required to complete the US Department of Justice's I-9 form confirming authorization to work in the United States.

Copies of applications, supplements, and job announcements may be obtained from:

  1. the State's Jobs Page at www.oregonjobs.org
  2. the Department of Consumer and Business Services (DCBS) Personnel Office, DCBS web site at www.dcbs.oregon.gov or by calling the DCBS Jobline at (503) 378-8980;
  3. local Oregon Employment Department field offices,
  4. most state agency personnel offices, or
  5. kiosk sites which are strategically located in public places (such as malls, libraries, grocery stores, etc.) throughout the state (local Employment Department offices can advise Kiosk locations).

Information about the Department of Consumer and Business Services may be obtained by visiting the DCBS Web Page at: www.dcbs.oregon.gov

If you have a disability and need assistance with the application process, you may call voice/TTY (503) 378-3200.

To receive credit for Veteran's Preference points, you MUST attach to your application materials a copy of your DD214/DD215 AND, if applying as a disabled veteran, a copy of your veterans' disability preference letter from the Department of Veterans' Affairs. If you do not attach this information you will not receive veterans' preference points.

MAIL completed application materials, to arrive before 5:00 p.m. on the close date, to:

Department of Consumer and Business Services
Human Resources Services
PO Box 14480
Salem, OR 97309-0405

or DELIVER completed application materials by 5:00 p.m. on the close date to:

Department of Consumer and Business Services
Human Resources Services
350 Winter St. NE, Room 150
Salem, OR 97301-3878

or FAX completed application materials by 5:00 p.m. on the close date to:

FAX (503) 378-5969

We are unable to acknowledge or verify receipt of applications due to the large volume.

AFTER your application materials have been reviewed, you will be sent a notice by mail advising: a) if your application was accepted, or b) if your application was not accepted. If you have questions about the results, you may request a review. Review requests must be submitted in writing and must be received within 10 days from the date listed in box 1 on the Application and Examination Notice. Additional information cannot be submitted with your review request. However, if your application was not accepted and if the recruitment is still open, you may submit a new application as long as it is received in our office by the close date.

SUBMIT only the required materials. Reference letters or work examples should be kept for interviews.

KEEP a copy of your application for job interviews. COPIES ARE NOT PROVIDED.

The pay on all announcements may change without notice.

This announcement is not an implied contract and may be modified or rescinded without notice.

DCBS is an Equal Opportunity, Affirmative Action Employer Committed to Workforce Diversity

 

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This document was last revised on February 15, 2006 .