INSURANCE EXAM IN-CHARGE-CPA - 04212026-76935

Job Information

LOCATION OF (1) POSITION(S) TO BE FILLED: DEPARTMENT OF COMMERCE & INSURANCE, DAVIDSON COUNTY

This position is for the Insurance Division.

Qualifications

Overview

Responsibilities

1. Leads and/or performs zone and non-zone examinations, traveling both in-state and out-of-state to examine and audit insurance company annual financial statements, ledgers, accounts, and related computer documents to ensure compliance with accepted accounting principles and practices and adherence to state laws, rules, and regulations.

1. Leads and/or participates in creating the assessment of the oversight/analytical processes, holding company reviews and re-insurance contracts.
2. Leads and/or participates in the creation of exam time budgets to assess materiality, usefulness of independent CPA work papers, and the strength of internal controls.
3. Leads and/or participates in the planning questionnaire.
4. Leads and/or participates in the planning of non-zone examinations of all Tennessee companies not licensed in multiple states.

1. Leads and/or participates in the preparation of statements of income and disbursements, assets and liabilities, underwriting and investment exhibits, and necessary supporting schedules.
2. Leads and/or participates in checking the identification of company assets and liabilities.
3. Leads and/or participates in performing the confirmation and validation of the value of assets according to Generally Accepted Accounting Principles (GAAP) and Statutory Accounting Principles (SAP) accounting procedures.
4. Leads and/or participates preparing detailed complex insurance examination narrative reports.
5. Leads and/or participates in performing the verification of insurance company premium tax returns against financial statements to ensure that the proper amount has been paid.
6. Leads and/or participates in performing the preparation of detailed and complex insurance examination narrative reports and supporting financial and statistical documents and makes recommendations for corrective measures.

1. Leads and/or participates in reviewing insurance company claims and policy files to ensure proper and equitable treatment of policyholders.
2. Leads and/or participates in examining corporate structure, managerial procedures and practices, record-keeping systems, and marketing practices of insurance companies to determine statutory compliance and sound insurance business practices.
3. Leads and/or participates in the calculation of the amount of company liabilities, including commissions, taxes, bills, and stockholder and policyholder dividends to determine if ample reserves from policyholder surplus exist to cover company expenditures.
4. Leads and/or participates in conducting test checks and samplings of income and disbursement items and accounts maintained during the period of examination to determine statutory compliance and the use of sound business practices.
5. Leads and/or participates in the assessment of penalties to companies failing to correctly pay premium taxes.

1. Leads and/or participates in posting insurance company premium tax returns verified against financial statements to departmental ledger.

1. Leads and/or participates in processing the assessment of penalties to companies failing to correctly pay premium taxes.

1. Prepares reports reflecting dissenting opinions on significant issues which are not included in majority reports.

1. Interfaces with commissioner, department heads, and attorneys, regarding statutory, legislative, rulemaking requirements related to insurance companies.

1. Establishes and maintains a variety of personal contacts with insurance company executives and other personnel, accountants, attorneys, actuaries, underwriters, and departmental associates to resolve problems uncovered in insurance examinations and explain, interpret, and enforce departmental policies and procedures and federal and state insurance laws, rules, and regulations.

1. Assigns work to examiners.

1. Answers inquiries from accountants, attorneys, actuaries, managers, underwriters, third party administrators, financial service providers.
2. Interfaces with Tennessee Insurance Association regarding statutory, legislative, rulemaking requirements related to insurance companies.

Competencies (KSA's)

Competencies:

1. Business Acumen
2. Functional/Technical Competencies
3. Process Management
4. Standing Alone
5. Perseverance
6. Career Ambition
7. Written Communications
8. Boss Relationships

Knowledge:

1. Advanced Knowledge of Microsoft Office Applications
2. Advanced Knowledge of Economics and Accounting Principles
3. Knowledge of Computer Applications
4. Knowledge of Clerical Procedures
5. Advanced Knowledge of Customer and Personal Service
6. Advanced Knowledge of Law and Government
7. Knowledge of Mathematics

1. Advanced Critical Thinking Skills
2. Complex Problem Solving Skills
3. Active Learning Skills
4. Active Listening Skills
5. Advanced Monitoring Skills
6. Advanced Instructing Skills
7. Coordination Skills
8. Advanced Negotiating Skills
9. Management of Material Resources Skills
10. Management of Personnel Resources Skills
11. Time Management Skills
12. Reading Comprehension
13. Social Perceptiveness Skills
14. Persuasion Skills

1. Advanced Problem Sensitivity
2. Prioritization of Tasks
3. Attention to Detail
4. Writing Expression
5. Knowledge of Personnel and Human Resources
6. Deductive Reasoning
7. Information Ordering
8. Oral Comprehension
9. Oral Expression
10. Writing Comprehension

Tools & Equipment

1. Desktop or Laptop
2. Tablet
3. Calculator
4. Printer
5. Scanner
6. Copier
7. Fax Machine

TN Driver Standards

State of Tennessee positions that may involve driving responsibilities require candidates to meet the following minimum driver qualifications:

• A valid driver's license
• For the past five years, the candidate's driver record must not have record of the following violations: driving under the influence (DUI), reckless driving, license suspension for moving violations, more than 4 moving violations.

Please include your Driver's License Information under the Licenses and Certifications section of your application.

**Agencies may allow an exception based on other factors.