Insurance Company Financial Auditor

United States·Lincolnmid

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Key Responsibilities

https://doi.nebraska.gov. What we do: Insurance is a unique product in that an insurance company collects premiums upfront with the promise to pay in the future; as a result,

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Insurance - Agency 22

Lincoln, NE

$30.720

JR2026-00028534 Insurance Company Financial Auditor (Open)

Do you have an accounting and/or finance degree with strong analytical skills, an inquisitive mind, willingness to travel, and a desire to learn in an ever-changing industry? Are you looking for a challenging career with a built-in track for growth and advancement? Is work-life balance, supportive management and an open-door culture important to you? Are you ready to join a successful team responsible for regulating one of the largest domestic insurance industries in the United States? If so, the Nebraska Department of Insurance has an exciting opportunity for you to join our Financial Examination team as a Financial Examiner.

Who we are: The Nebraska Department of Insurance exists for one very important reason – to protect you, the consumer. Our mission is to safeguard all those affected by the business of insurance through the fulfillment of our statutory obligations and by promoting the fair and just treatment of all parties to insurance transactions. To fulfill this role, we have approximately 100 team members. We work with other regulators both nationally and internationally, and with the National Association of Insurance Commissioners to fulfill our roles and responsibilities.

Additional information about the Nebraska Department of Insurance can be found on our website: https://doi.nebraska.gov.

What we do: Insurance is a unique product in that an insurance company collects premiums upfront with the promise to pay in the future; as a result, there is strong need for financial regulations and related ongoing monitoring to ensure insurance companies remain solvent.

Our Financial Examination Division is responsible for monitoring the financial solvency of one of the largest domestic industries in the country. As part of our financial solvency monitoring, we conduct ongoing analysis of quarterly financial statements and other statutory filings and conduct on-site financial examinations every three to five years. We take a risk-focused approach and strive to identify financial issues early to address problems and/or rehabilitate companies prior to insolvency.

Our financial examiners are experts in evaluating the processes and controls for more than one hundred (100) insurance companies, which is a very important service to the citizens of Nebraska, as well as citizens in other states.

Additional details regarding the responsibilities of the Financial Examiner are included below.

Why work for the Nebraska Department of Insurance?

The Nebraska Department of Insurance is nationally one of the most well-respected insurance departments. We take great pride in what we do and strive to provide an excellent work environment for our team. A Financial Examiner would enjoy the following benefits while working for the Department:
• Engaging and challenging work
• Supportive management and open-door policy
• Knowledgeable, Friendly and Fun Team
• Work-life balance with focus on providing flexibility
• Excellent health and wellness benefits
• Formal onboarding, training and development program to set-up any new team member for success
• Built-in opportunities for growth and advancement, including opportunity for advancement to Financial Examiner II within two years and Senior Financial Examiner within three years.

**Advancement contingent upon satisfactory job performance and obtaining Society of Financial Examiners designations. Any applicants that already have an AFE (Accredited Financial Examiner) or CFE (Certified Financial Examiner) designation, salary will be adjusted accordingly

Potential Promotions:
Examiner II – $79,243
Examiner III – $94,581

NOTE: This is an At-Will position and is under the discretion of the Director of Insurance.

Look at what we have to offer!
• 13 paid holidays
• Vacation and sick leave that begin accruing immediately
• Military leave
• 156% (that's not a typo!) state-matched retirement
• Tuition reimbursement
• Employee assistance program
• 79% employer paid health insurance plans
• Dental and vision insurance plans
• Employer-paid $20,000 life insurance policy
• Public Service Loan Forgiveness Program (PSLF) through the Federal government
• Wide variety and availability of career advancement as the largest and most diverse employer in the State
• Opportunity to be part of meaningful work and make a difference through public service
• Training and Development based on your career aspirations
• Fun, inviting teammates
• A safe and secure environment
At the State, we stand by our core values of treating others with dignity and respect, acting ethically in all situations, and creating an environment where our customer is our top priority. Apply to join our team today!

At the State, we stand by our core values of treating others with dignity and respect, acting ethically in all situations, and creating an environment where our customer is our top priority. Apply to join our team today!

Extensively work on site at insurance companies verifying financial and non-financial information.
Work both independently as well as in conjunction with a team of fellow examiners in a variety of work environments.
Investigate insurance company activities and determine if an insurance company is in conformity with insurance industry accounting standards “Statements of Statutory Accounting Practices” (SSAP).
Investigate and analyze insurance company policies, procedures, operations and controls to detect possible regulatory statute violations and solvency concerns.
Review and verification of insurance company’s recordings of accounting transaction activities include but not necessarily limited to review of journal entries, ledgers, trial balances and various supporting source documentation.
Assist in the verification and review of insurance company information and data which supports items such as assets, net worth, liabilities, capital stock, surplus, income and expenditures.
Correspond with and conduct interviews with insurance company officials to verify and evaluate compliance with regulatory requirements and to obtain an understanding of insurance company operations.
Make clear and accurate assessments regarding whether an insurance company is adequately meeting compliance standards.
Timely prepare workpapers which are accurate, organized and clearly stated.
Identify and evaluate internal controls including Sarbanes-Oxley requirements.

Requirements

~1 min read

Analytical mindset
Organized
Detail-oriented
Self-starter and ability to work independently with support
Knowledge of theory and practice of accounting and auditing
Working knowledge of Microsoft Excel, Word, and Outlook
Ability to analyze financial data, company operations and preparation of reports
Effective communication skills, both orally and written, to present information, comments, and recommendations clearly, concisely, and comprehensively
Have an interest in making investigation inquiries to insurance companies regarding their accounting, processes, and controls

What We Offer

~1 min read

The State of Nebraska values our teammates as well as a supportive environment that strives to promote diversity, inclusion, and belonging. We recruit, hire, train, and promote in all job classifications and at all levels without regard to race, color, religion, sex. age, national origin, disability, marital status or genetics.