Insurance Market Conduct Examiner
- Richmond, VA
Insurance Market Conduct Examiner Anticipated Starting Salary Range: $51,333 - $54,000 Starting Salary Commensurate with Qualifications and Experience The State Corporation Commission's (SCC) Bureau of Insurance (BOI) seeks an Insurance Market Conduct Examiner to perform examinations of the market practices of property and casualty insurance companies. These team-based examinations include interaction with insurance company personnel during the review of claim handling practices, policy rating and underwriting, forms, policy issuance, and terminations for compliance with Virginia statutes and regulations. Additional responsibilities of the selected candidate will include documenting examination findings, report writing and communicating both verbally and in writing with insurance company representatives, regulators from other states, and SCC staff. This position requires travel, both in and out of state.
Preferred qualifications for this position include professional experience in property and casualty insurance, including some experience in claims. A bachelor's degree in Accounting, Business Administration, Economics, or a related field is preferred, but not required. A familiarity with insurance business practices is essential. Ideal candidates for this position will have the ability to: use various software applications; establish and maintain effective working relationships with SCC staff and industry personnel; be a good team player; and remain focused on work for extended periods of time. Strong reading comprehension, strong written and verbal communication skills, strong analytical and organizational skills, punctuality, and patience are all skills and attributes critical to success in this position. Claims experience in automobile and/or property insurance specifically is a plus. Additional Information The SCC fosters a high-performing workforce with a commitment to collegiality, teamwork, collaboration, and alignment with the SCC's vision, mission, and strategic goals. Core competencies that are essential for all SCC employees include achieving organizational results, working with others, and personal management and effectiveness. In addition to a rewarding work experience, the SCC offers core benefits including competitive health and life insurance programs, pre-tax spending accounts, leave programs, and paid holidays. Employees participate in a state retirement plan with options for tax-deferred retirement savings including employer matching. The state funds a short and long-term disability program. The SCC regulates various companies and industries in Virginia; therefore, to avoid any conflict, employees are required to sign a Conflict of Interest Form and must dispose of any stock they hold in a regulated company or dispose of any licenses or certificates they hold in any industry regulated by the SCC unless otherwise permitted. Employees also shall report employment of household members by a regulated company. The SCC is an Equal Opportunity Employer. Military veterans and national service alumni are encouraged to apply. The SCC uses the E-Verify system to confirm identity and work authorization and does not provide sponsorship. If requested, the SCC will provide reasonable accommodation to applicants in need of accommodation in order to provide access to the application and interview process. A background investigation is conducted on the selected candidate as a condition of employment. The information you submit must clearly demonstrate your experience and qualifications as they relate to this position. Interview consideration is based on the information submitted online. This position will be classified in the SCC Salary Structure as a [Grade P-9 or] P-11, [depending on the selected candidate's qualifications and experience] and will be exempt from the provisions of the Fair Labor Standards Act (FLSA).