Compliance Examiner 1/2/3 Print (https://www.governmentjobs.com/careers/louisiana/jobs/newprint/4793577) Apply  Compliance Examiner 1/2/3 Salary $3,300.27 - $6,252.00 Monthly Location Baton Rouge, LA Job Type Classified Job Number LDI-2025-08 Department Insurance-Commissioner of Insurance Opening Date 01/16/2025 Closing Date 2/16/2025 11:59 PM Central + Description + Benefits + Questions Supplemental Information This vacancy is located in the Office of Financial Solvency/Analysis Division. Premium pay, special entrance rate ($19.04/hr), hybrid telework options, and a flexible schedule are all offered for this position. About the Division: The Office of Financial Solvency's primary mission is to monitor the financial health of regulated entities through statutorily mandated filed examinations and financial analyses and to provide actuarial analysis of rate filings, adequacy of insurers' reserves, and insurance legislation. Designation Requirements: The position may require obtaining the Accredited Financial Examiner (AFE) and Certified Financial Examiner (CFE) designations through the Society of Financial Examiners before reallocation. Each designation requires passing four exams. The designations can be conferred only upon application to SOFE. SOFE requires two years of regulatory work for the AFE and three years for the CFE. Job Duties: The position's primary job duty is reviewing and analyzing insurance companies' financial filings for financial soundness and statutory compliance. The analysis is risk-focused, which entails identifying and assessing risks of insurers to complete and document an overall assessment of the financial condition of the insurers. Communication with industry personnel is required. Critical thinking, time management, working independently, and effective communication are essential to job performance. This position participates in a Career Progression Group (CPG) and may be filled as a Compliance Examiner 1, 2, or 3. The level at which the vacancy is filled will be determined by the qualifications of the candidate selected. This position provides the opportunity to advance within this job series No Civil Service test score is required in order to be considered for this vacancy. To apply for this vacancy, click on the “Apply” link above and complete an electronic application, which can be used for this vacancy as well as future job opportunities. Applicants are responsible for checking the status of their application to determine where they are in the recruitment process. Further status message information is located under the Information section of the Current Job Opportunities page. Resumes WILL NOT be accepted in lieu of completed education and experience sections on your application. Applications may be rejected if incomplete. For further information about this vacancy contact: Phillip Donagriche Louisiana Department of Insurance P.O. Box 94214 Baton Rouge, LA 70804 Phillip.Donagriche@ldi.la.gov The LA Department of Insurance is a State As a Model Employer (SAME) agency that supports improved employment opportunities for individuals with disabilities. Minimum Qualifications MINIMUM QUALIFICATIONS Three years of experience in accounting, auditing, banking, compliance management, financial operations, or insurance; OR Six years of full-time experience in any field plus nine semester hours in accounting and an additional fifteen semester hours in accounting, economics, finance, business law, insurance, statistics, financial analysis, or money and banking; OR A bachelor’s degree with nine semester hours in accounting and an additional fifteen semester hours in accounting, economics, finance, business law, insurance, statistics, financial analysis, or money and banking; OR A bachelor’s degree in accounting, auditing, finance, business administration, management, economics, or statistics; OR An advanced degree in accounting, auditing, finance, business or public administration, management, economics, quantitative methods, or statistics; OR A Certified Public Accountant (CPA) license, Certified Financial Examiner (CFE), Certified Fraud Examiner (CFE), or Certified Internal Auditor (CIA) designation. Job Concepts Function of Work: Examines the accounting systems and financial status of financial service providers or insurance companies to ensure financial solvency and fair consumer practices. Level of Work: Entry. Supervision Received: Direct from a Compliance Examiner Assistant Manager, Compliance Examiner Manager, or other higher-level supervisor. Supervision Exercised: None. Location of Work: Primarily used by the Department of Insurance and Office of Financial Insitutions (OFI). Job Distinctions: Differs from Compliance Examiner 2 by the absence of responsibility for performing the full range of examination functions. Examples of Work EXAMPLES BELOW ARE A BRIEF SAMPLE OF COMMON DUTIES ASSOCIATED WITH THIS JOB TITLE. NOT ALL POSSIBLE TASKS ARE INCLUDED. Conducts field examinations of financial service providers and insurance companies such as banks, residential mortgage lenders, pawnshops, credit unions, and HMOs to determine compliance with state and federal laws, policies, rules, and regulations. Examines records of assets such as cash and accounts due from institutions, investments, loans, real estate, and equipment to verify accuracy and composition of data provided in financial statements. Examines records of liabilities such as deposit accounts, savings accounts, certificates of deposit, taxes, debts, loans, other borrowed money, and accrued expenses; reviews records of stockholder's equity such as common stock, preferred stock, capital surplus, retained earnings, and subordinated debt to determine accuracy of and composition of data in financial statements. Prepares reporting schedules on numerous detail tasks areas, including concentrations of assets in a particular area, rate sensitivity analysis, liquidity and funds management, and premises and equipment. Attends meetings and conferences with top-level management of firms to obtain information, resolve discrepancies, and report findings. On a rotating basis, will serve as an assistant-in-charge for examinations of lesser complexity. Attends and successfully completes beginning Compliance examiner school. Louisiana State Government represents a wide variety of career options and offers an outstanding opportunity tomake a differencethrough public service. With an array of career opportunities in every major metropolitan center and in many rural areas, state employment provides an outstanding option to begin or continue your career. As a state employee, you will earn competitive pay, choose from a variety of benefits, and have access to a great professional development program: Insurance Coverage More information can be found at https://info.groupbenefits.org/ Parental Leave– Up to six weeks paid parental leave More information can be found athttps://www.civilservice.louisiana.gov/Parental-Leave/Default.aspx Holidays and Leave – State employees receive the following paid holidays each year: + New Year's Day + Martin Luther King, Jr. Day, + Mardi Gras, + Good Friday, + Memorial Day, + Independence Day, + Labor Day, + Veteran's Day, + Thanksgiving Day and Christmas Day. ***** Additional holidays may be proclaimed by the Governor State employees earn sick and annual leave which can be accumulated and saved for future use. Your accrual rate increases as your years of service increase. Retirement – State of Louisiana employees are eligible to participate in various retirement systems (based on the type of appointment and agency for which an employee works). These retirement systems provide retirement allowances and other benefits for state officers and employees and their beneficiaries. State retirement systems may include (but are not limited to): + Louisiana State Employees Retirement System (www.lasersonline.org). LASERS has provided this video (https://lasersonline.org/wp-content/uploads/2016/07/Your\_Retirement\_System.mp4) to give you more detailed information about their system + Teacher's Retirement System of Louisiana (www.trsl.org), + Louisiana School Employees Retirement System (www.lsers.net), among others 01 Do you possess nine semester hours in accounting from a regionally accredited college? + Yes + No 02 If you indicated that you possess 9 semester hours in accounting in the question above, please type the accredited institution where these hours were earned, qualifying course titles, and hours of credit. If you answered 'no' please type 'N/A.' (Ex. ACCT 2001 – Introductory Financial Accounting – 3 hrs - LSU) 03 Do you possess an additional fifteen semester hours in accounting, economics, finance, insurance, statistics, financial analysis, business law or money and banking? + Yes + No 04 If you indicated that you possess the additional 15 semester hours in accounting, economics, finance, insurance, statistics, financial analysis, business law or money and banking in the question above, please type the accredited institution where these hours were earned, qualifying course titles, and hours of credit. If you answered 'no' please type 'N/A.' (Ex. ACCT 2001 – Introductory Financial Accounting – 3 hrs - LSU) 05 Do you have knowledge of the three main financial statements? + Yes + No 06 Have you performed a risk-focused financial analysis before or conducted a financial compliance examination? (Yes/No). If yes, please describe the detail and/or level of experience. 07 Do you have experience analyzing financial statements for discrepancies? (Yes/No). If yes, please describe your level of experience. 08 Are you familiar with statutory requirements and regulations for insurance companies? + Yes + No 09 Are you willing and able to obtain the required insurance financial regulation designations, Accredited Financial Examiner and Certified Financial Examiner? + Yes + No 10 Do you possess any certifications and/or designations that you feel may be relevant to the position? (Yes/No). If so, please list the certifications and/or designations. 11 Position requires ongoing continuing education and professional development, are you willing to commit to ongoing continuing education and professional development? + Yes + No 12 Position requires strong analytical skills, critical-thinking, time management, and strong communication skills (both written and oral). Do you possess some are all of these skills? (Yes/No). Please list the skills you possess. 13 Do you have the ability to research and consistently apply laws, policies, procedures, regulations, and accounting practices? + Yes + No 14 Do you have the ability to work independently, effectively, and efficiently, with minimal oversight to meet defined work expectations, standards, and deadlines? + Yes + No 15 Do you possess a Certified Public Accountant (CPA) license, Certified Financial Examiner (CFE), Certified Fraud Examiner (CFE), or Certified Internal Auditor (CIA) designation? + Yes + No Required Question Agency State of Louisiana Address For agency contact information, please refer to the supplemental information above. Louisiana State Civil Service, Louisiana, 70802 Phone (866) 783-5462 Website http://agency.governmentjobs.com/louisiana/default.cfm Apply Please verify your email addressVerify Email