STATE OF NEW HAMPSHIRE
HUMAN RESOURCES
CLASSIFICATION: INSURANCE
COMPANY EXAMINER III
Class Code: 5253-32
Date Established: 12-16-76
Occupational
Code: 7-2-4
Date of Last Revision: 1-10-02
BASIC PURPOSE: To plan,
conduct and supervise the market conduct and financial examinations of domestic
and foreign insurance companies licensed to sell insurance in the state.
CHARACTERISTIC
DUTIES AND RESPONSIBILITIES:
·
Formulates a written
audit plan for individual insurance company, including examining accounting
procedures used to determine handling and control of receipts and
disbursements.
·
Conducts and
supervises market conduct and financial examinations of insurance companies.
·
Examines insurance
policy forms, riders, endorsements, settlements, investments, surpluses and
reserves to assure compliance with established standards, procedures, laws and
regulations.
·
Testifies at hearings
to present and explain findings based on insurance company examinations and
audits.
·
Exercises
administrative supervision over subordinate examiners, examiners under
contract, and examiners from other states, to account for time and work
assignments.
·
Analyzes and
interprets examination findings, recommendations and conclusions of subordinate
insurance examiners.
·
Acts as liaison
between the Insurance Department and senior company management or chief legal
counsel regarding procedures needed to adopt and implement state policy as well
as examination findings and recommendations.
·
Prepares examination
reports to document findings and recommendations, including appropriate
references citing violations of statutory accounting principles, insurance laws
or state regulations.
-------------------------------------------------------------------------------------------------------------------------------------------
DISTINGUISHING
FACTORS:
Skill: Requires skill
in evaluating, planning or integrating analysis of data to formulate current
and long-range solutions, strategies or policies of a specialized or technical
nature.
Knowledge: Requires
logical or scientific understanding to analyze problems of a specialized or
professional nature in a particular field.
Impact: Requires
overall administrative responsibility for achieving agency objectives by
directing all aspects of operations management. Errors at this level result in disruption of systemwide
programs or services as well as long-term adverse impact on agency image and
the future success of organizational operations.
Supervision: Requires
delegating supervisory or program responsibilities to subordinate managers,
with overall accountability for hiring employees and approving program
policies. The supervisor in this
position assumes responsibility for an organizational unit, including developing
long-range plans, analyzing staffing requirements, and formulating systemwide
policies and procedures.
Working
Conditions: Requires performing regular job
functions in a controlled environment with minimal exposure to disagreeable job
elements and little risk of hazard to physical or mental health.
Physical
Demands: Requires light work, including
continuous walking or operating simple equipment for extended periods of time
as well as occasional strenuous activities such as reaching or bending.
Communication: Requires
acting as the official representative of the agency, including explaining and
defending current and long-range goals or objectives which directly affect
public policy decisions regarding major state programs and services.
Complexity: Requires
formulating the combination of overall job functions in order to address highly
diverse or novel situations requiring new concepts and imaginative approaches
to a wide range of intellectual and practical problems.
Independent
Action: Requires administrative decision-making
in authorizing and monitoring the implementation of major departmental policies
and procedures.
MINIMUM
QUALIFICATIONS:
Education: Bachelor's
degree from a recognized college or university with a major in accounting,
criminal justice, social sciences, finance, insurance, statistics, business
administration or law, economics, government, or its equivalent with a minimum
of fifteen credit hours in any of the above fields.
Experience: Eight years
experience in accounting, auditing, business administration, insurance
management or regulation, with at least four years insurance company
examination experience, market conduct examinations, insurance department rate,
policy, contract or consumer protection regulatory experience, or underwriting
and loss adjustment experience.
Registration with the New Hampshire Board of Accountancy as a Certified
Public Accountant or possession of one of the following nationally recognized
professional designations: AIE,
CFE, CIE, FLMI, CLU, ChFC, CPCU, or an equivalent designation may be
substituted for two years of work experience.
License/Certification: None required.
RECOMMENDED
WORK TRAITS: Thorough knowledge of the applicable
laws, practices and procedures relating to the examination of an insurance
institution. Working knowledge of
and skill in applying the techniques of insurance company examinations. Ability to critically analyze the
liabilities and assets of insurance companies and organizations and to prepare
comprehensive reports of such analyses.
Ability to establish and maintain harmonious relationships with
employees, insurance company executives and the public. Willingness to spend periods of time
out-of-state. Must be willing to
maintain appearance appropriate to assigned duties and responsibilities as
determined by the agency appointing authority.
DISCLAIMER
STATEMENT: This class specification is descriptive
of general duties and is not intended to list every specific function of this
class title.
Back to Human Resources Home Page
Back
to State Opportunities Listing Page
Back to Class Specification List
Last Updated 01/07/03
URL: /hr/classspec_i/5253.htm