Jobs at Arkansas Department of Corrections (Now Hiring) — 92 open — Page 3

Position Summary

The Insurance Examiner Supervisor / Expert is a highly skilled professional responsible for leading complex examinations of insurance companies to ensure financial stability, regulatory compliance, and adherence to industry’s best practices. This role involves assessing intricate financial data, evaluating operational risks, and providing strategic recommendations to protect policyholders and the public. The Insurance Examiner Supervisor / Expert acts as a subject matter expert, guiding examination teams and advising on high-level regulatory decisions.

This position requires on-site employment with no remote or hybrid options available.

Preferred Qualifications

Experience of financial analysis/examination work in insurance departments, insurance companies, or CPA firms.

Job Responsibilities and Expected Results

1. Supervising, directing, and planning the work of the financial analysis functions to ensure the financial health and stability of the insurance entities conducting business in the state of Arkansas.

1. Organizing staff, formulating procedures, allocating workloads, and coordinating with other functions to ensure the successful achievement of critical national accreditation.

1. Advising staff of various levels of analysts and/or examiners when problems arise or when additional procedures need to be performed. Allocating work assignments based on expertise and workload; training, developing and motivating staff; preparing performance evaluations; personnel actions including hiring; disciplinary actions; and other responsibilities.

1. Reviewing and analyzing work performed by analysts and examiners on financial statements and other information submitted by insurance entities to determine financial health and transaction appropriateness and determine the level of priority attention.

1. Reviewing, analyzing certain types of material corporate transactions and/or agreements involving insurance entities, and evaluating the analysis work and conclusion of other analysis staff. These transactions/agreements include Mergers & Acquisitions, Reinsurance Contracts, Dividends and/or Extraordinary Dividend Payments, Affiliated Agreements, Service Contracts, and Cost-Allocation Arrangements, Affiliated Sales, Purchases, Exchanges, Loans, or Extensions of Credit, Guarantees or Investments, Admission for Licensure - Foreign Companies, Formation of Domestic Insurance Entities, and Other Material Transactions.

1. Making recommendations to the Deputy Commissioner for Financial Regulation and the Commissioner regarding proposed solutions to problems, actions necessary to address issues and actions necessary to address troubled insurance companies, etc.

1. Communicating and meeting with insurance entity management and its representatives such as their attorneys, independent accountants and actuaries regarding transactions, concerns, outstanding issues, Departmental interpretations of laws, regulations and bulletins and other matters.

1. Proposing revisions to the laws and regulations necessary to promote the health and vitality of the insurance market in the state.

1. Performs other duties as assigned.