Captive Insurance Financial Examiner Supervisor Apply
CSI Overview
We are entrusted with protecting all Montanans from bad actors by regulating two of the states largest industriessecurities and insurance. We strive to foster a thriving Montana industry marketplace through education, common-sense regulation, and equitable enforcement of the law with swift accountability for fraudsters and justice for their victims. We are primarily a criminal justice agency.
Our Vision
At the CSI, our vision is to safeguard Montana consumers by regulating the insurance and securities industries, investigating fraud, and prosecuting criminals.
Our Mission
Our Mission consists of the following:
- Informing consumers and industry through education and outreach.
- Providing responsive and meaningful customer service.
- Supporting Montana business by promoting industry innovation and removing unnecessary regulatory roadblocks and red tape.
- Managing State Trust Lands with long-term goals of stewardship for the ongoing benefit of public education.
About this Opportunity
Job Overview
The Montana State Auditor, Commissioner of Securities and Insurance (CSI) is responsible for the regulation of insurance companies under Title 33, Montana Code Annotated. The Captive Financial Examiner/Analyst Supervisor position is a supervisory level position, accountable for professional, administrative, and supervisory work. The incumbent is expected to demonstrate extensive knowledge of the captive insurance industry, its regulation, and all relevant Montana laws. In addition to overseeing all facets of captive company formation and regulation, the incumbent will be responsible for the annual and quarterly analysis of Montana-domiciled risk retention groups to the standards imposed by the National Association of Insurance Commissioners (NAIC).
The incumbent is expected to handle all public, service provider, and governmental or regulatory inquiries knowledgably and professionally; to train and mentor employees; plan and assign work; and assess employee performance. The incumbent may be asked to represent the Montana captive insurance program on a national stage. The incumbent must be willing to attend out-of-state NAIC meetings and other industry events or training. Representing the bureau chief at such events may be required, periodically.
Why Work with Us?
All of our positions with the agency are located in Helena, Montana. Montana is an all-around great place! We are centrally located in the heart of Helena and within walking distance of beautiful downtown. With countless outdoor activity opportunities, great schools, and a small-town atmosphere, Helena is an excellent place to live. You can also learn more about moving to and living in Helena, Montana here. We are an equal Equal Opportunity Employer. Our success derives from having effective working relationships, built on mutual trust and respect for each others skills and abilities. We will challenge you to be the best you can be in both your individual competencies and as a team-player. We have created an environment for success and will work hard to provide opportunities for you to progress in your career with mentorship, education, training, and certifications.
Your service is rewarded with competitive compensation and generous benefits.
- Work/life balance
- Medical, dental, and vision coverage
- Retirement plans
- Generous paid vacation, sick leave, and holidays
- Pre-tax flexibile spending accounts
- A vibrant Employee Assistance Program
- State of Montana employment may qualify you to receive student loan forgiveness under the Public Service Loan Forgiveness. Click here to learn more and understand whether or not you may qualify.
Additional benefit package information is available here.
What can you offer us?
The successful candidate will be responsible for the following essential functions in addition to supervising team members who are actively performing these and similar tasks:
- Performing the financial analysis of Montana-domiciled captive insurance companies to detect and act upon conditions that may lead to financial loss by the companies policyholders.
Conducting reviews and analyses of captive insurance company applications, business plans, and proforma financial statements to assess reasonableness and solvency.
Providing input to management regarding the development of insurance legislation and regulations.
Representing and promoting the Montana captive insurance program to the public in a knowledgeable and professional manner and attending out-of-state captive industry conferences to enhance industry knowledge and make professional contacts.
Conducting the financial examination and analysis of risk retention groups, which includes the assessment of financial strength, internal control environments, enterprise risk management structures, quality of corporate governance, claims practices, pricing and underwriting practices, and the preparation of reports and defense of findings.
Mentoring and providing constructive feedback to employees and performing other management functions such as hiring, performance management, discipline, work distribution, and employee development.
Participating in the customization of examination documentation software and premium tax reporting and internal accounting programs.
Performing special projects as assigned by the Examinations Bureau Chief.
Minimum Educational and Experience Requirements:
- Bachelors Degree in a relevant field of study.
- Seven (7) years of job-related experience.
- Achievement of the Accredited Financial Examiner certification from the Society of Financial Examiners (SOFE), the Associate in Captive Insurance certification from the International Center for Captive Insurance Education, or a Certified Public Accountants license (CPA).
- Achievement of or demonstrated intent to achieve the Certified Financial Examiner (CFE) certification from SOFE is preferred.
Alternative combinations of education and experience may be considered.
Competencies:
The successful candidate should possess the following skills:
- Written and oral communication
- Critical/analytical thinking
- Mentoring
- Technical learning
- Priority setting
- Business acumen
- Interpersonal savvy
How to apply?
Please submit ALL of the following items with your application prior to the closing date/time of this vacancy announcement:
- Cover Letter
- Resume
- Minimum of Two Professional References
Your application will NOT be considered without these required items.
Important Tip: When uploading and submitting your application materials, please make sure to mark your attachments as \\\\\\\\\\\\\\\"relevant\\\\\\\\\\\\\\\" or we will be unable to view them.
All application materials are subject to review and verification. CSI will invite a limited number of applicants to a minimum of one structured interview. The interview may include a performance test. Those selected are subject to successful reference, background, and fingerprint checks.
The successful applicant will be subject to a criminal history background check.
Only electronic materials will be accepted. If you need assistance or an accommodation, please contact Human Resources. Materials submitted but not requested will not be considered in the selection process.
Applicants claiming employment preference are required to provide proper documentation, i.e. Vet Preference (DD214), Disabled Vet document from U.S. Veterans Administration certifying service-connected disability or purple heart medal, disabled (DPHHS Disability Certification), by the closing date. The State of Montana Careers system will generate an email with instructions on how to submit preference documents.
If another department vacancy occurs in this job title within six months, the same applicant pool may be used for the selection.
