STATE OF NEW HAMPSHIRE
HUMAN RESOURCES
CLASSIFICATION: INSURANCE
COMPANY EXAMINER V
Class Code: 5271-34
Date Established: 12-08-04
Occupational
Code: 7-2-4
Date of Last Revision: 2-15-05
BASIC PURPOSE: To direct,
design, implement, evaluate and supervise the financial examination process and
procedures concerning domestic and foreign insurance companies and other
entities engaged in the business of insurance and licensed in the state of New
Hampshire for compliance with New Hampshire statutes and insurance regulations.
CHARACTERISTIC
DUTIES AND RESPONSIBILITIES:
·
Directs, plans, and
implements technical, in-depth examinations of insurance companies in
conformance with the National Association of Insurance Commissioners (NAIC)
Accreditation Standards and New Hampshire Insurance Laws.
·
Evaluates and
authorizes financial examination reports and recommends and approves strategies
for problem resolution.
·
Directs and delegates
administrative functions to supervisory level financial examiners and manages
independent consultants in the conduct of field examinations.
·
Evaluates staff
performance, recommends the hiring of employees, and approves independent
consultant contracts.
·
Acts as senior
advisor on financial matters for which the Insurance Department is responsible
and provides technical expertise to field examiners concerning Statutory
Accounting Practice and Procedures (SAPP), Generally Accepted Accounting
Principles (GAAPP), and New Hampshire insurance statutes and regulations.
·
Testifies before
legislative committees concerning insurance laws and at hearings conducted by
the insurance department to present, explain and defend examination findings
and recommendations.
·
Represents the New
Hampshire Insurance Department on Working Groups and Task Forces at national
meetings of the National Association of Insurance Commissioners (NAIC) as
directed by the Commissioner.
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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 expertise to resolve problems of a specialized or
professional nature in a wide range of applications.
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
agency-wide administrative supervision, including the responsibility for
developing and evaluating internal personnel policies. This level also involves the
administrative management of a program which affects more than one agency,
including overseeing the interaction of agency employees or policies to
accomplish organizational objectives or goals.
Working
Conditions: Requires performing regular job
functions under good conditions in a safe working environment.
Physical
Demands: Requires sedentary work, including
continuous sitting or occasional standing and walking.
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: Master’s
degree from a recognized college or university with major study in accounting,
finance, business administration, or economics with a minimum of fifteen credit
hours in accounting.
Experience: Ten years'
experience in accounting, auditing, business administration, insurance
management, or insurance regulation, five years of which must have been
involved with insurance company examinations of records and operations for
conformance with applicable laws, rules, and regulations. 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. Each additional year
of approved work experience may be substituted for one year of required formal
education at the graduate level only.
License/Certification: Licensure as a
Certified Financial Examiner (CFE) required. Licensure as a Certified Public Accountant (CPA)
desirable.
RECOMMENDED
WORK TRAITS: Knowledge of New Hampshire insurance
laws and regulations. Knowledge of
the principles and practices of accounting, auditing and market conduct as they
pertain to the insurance business.
Knowledge of the methods, techniques and procedures utilized in the
examination of insurance companies.
Knowledge of supervision, program administration and evaluation, and
systems management. Knowledge of
office methods, procedures, and equipment. Ability to develop administrative and statistical reports
with evidence and recommendations.
Ability to communicate effectively with insurance company officials and
employees. Ability to speak before
public groups and legislative committees.
Ability to establish and maintain an effective working relationship with
other employees, insurance company officials, and the public. 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.
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Last Updated 10/21/04
URL: http://www.nh.gov/hr/classspec_i/5271.htm