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ACOM INSURANCE CHF FIN/MKT CONDUCT EXMR

The Insurance Chief Financial/Marketing Conduct Examiner is responsible for serving as the Finance Division's manager of financial and market conduct examinations. This position is governed by state and federal laws and agency policy.

Class Code:

N073N

Job Grade:

GS13

Special Job Requirements:

Typical Functions:

Directs the activities of a professional, technical, and administrative support staff through lower-level supervisors including reviewing performance evaluations and evaluating the performance of immediate subordinates, and reviewing and approving/disapproving a variety of actions/policies/procedures recommended by subordinates. Reviews and analyzes work performed by the examination staff on financial statements and other information submitted by insurance entities considered to require priority attention. Makes recommendations to the Deputy Commissioner of Financial Regulation regarding proposed solutions to problems, actions necessary to address outstanding issues and actions necessary to address troubled insurance companies. Reviews and analyzes certain types of material transactions/agreements. Discusses areas of concern and outstanding issues with the Deputy Commissioner of Financial Regulation and Examiners in Charge to assist in the planning of on-site financial examinations of insurance entities. Interacts with other divisions within the Department in obtaining information to assist in the evaluation of insurance entities. Performs other duties as assigned.

Knowledge, Abilities, and Skills:

Knowledge of supervisory practices and procedures. Knowledge of Arkansas insurance laws, regulations, and bulletins. Knowledge of statutory accounting, and Generally Accepted Accounting Principles. Knowledge of the financial statements filed by insurance entities. Knowledge of insurance examination procedures required by the National Association of Insurance Commissioners. Knowledge of the organization and management structure of insurance companies. Knowledge of the operation of personal computers and related applications software. Ability to plan, organize and direct the work of the professional and administrative support staff. Ability to analyze and evaluate financial data and identify areas of non-compliance with insurance law and accepted accounting and business practices. Ability to prepare and present technical information to individuals and groups. Ability to analyze complex financial transactions and/or problems and offer recommendations for solutions.

Minimum Qualifications:

The formal education equivalent of a bachelor’s degree in accounting; plus five years of progressively more responsible experience in insurance auditing and regulatory operations, including three years in a professional managerial capacity.

Required Certificates:

Must be licensed as a Certified Public Accountant by the State Board of Public Accountancy in accordance with ACA 17-12-301.

Exempt:

E
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