What are the responsibilities and job description for the Audits Manager II position at State of South Carolina?
Mission Statement:
The mission of the State of South Carolina Department of Insurance is to protect the insurance consumers, the public interest, and the insurance marketplace by ensuring the solvency of insurers; by enforcing and implementing the insurance laws of the State; and by regulating the insurance industry in an efficient, courteous, responsive, fair, and equitable manner. For more information about working at the SC Department of Insurance, please visit Department of Insurance, SC - Official Website | Official Website
This position is located in the Office of Financial Regulation and Solvency's Examinations DivisionUnder the direction of the Deputy Director, Financial Regulation & Solvency or his designee, and under the technical supervision of the Chief Financial Examiner, supervises examiners in the conduct of financial examinations of domestic insurers and HMOs in accordance with the statutes and regulations of South Carolina and the National Association of Insurance Commissioners (NAIC) Financial Condition Examiners Handbook, statutory accounting principles (SAP) or generally accepted accounting principles (GAAP), where appropriate under applicable law, and other applicable guidance.
Job Functions:1. Trains and provides oversight and supervision of financial examiners who examine the financial condition of domestic insurers in accordance with the NAIC Financial Condition Examiners Handbook and NAIC accreditation standards. Supervises more than one examination of multi-state insurers concurrently.
2. Acts as reviewer of the work performed by examiners and ensures that all examination work is an appropriate execution of the Risk-Focused Examination approach.
3. Prepares and provides detailed written examination work plans in a timely manner and that examination work papers and files are detailed and thoroughly documented. Reviews examination work papers to ensure completeness.
4. Ensures that examinations and files meet NAIC examination and accreditation standards throughout all phases of the examination.
5. Provides input and advice to examiners and, as required, other Department personnel on technical matters pertaining to financial regulation and solvency.
6. Confers with company representatives and fellow agency employees regarding examination results and assists in development of appropriate regulatory action where needed.
7. Ensures that communication from examiners to financial analysts, including initial planning meetings, regular periodic updates and summary review memoranda (SRM) meets or exceeds NAIC examination and accreditation standards.
8. Assists with development and maintenance of internal written guidelines and standards and best practices for the conduct of financial examinations.
9. Interprets state and laws and regulations and NAIC guidelines.
10. Other duties as assigned.
Employee’s duties and training may require some travel, both in-state and out-of-state.
Educational Credentials:
Applicants indicating college credit or degree(s) on the application will be required to submit a sealed, certified copy of the transcript(s) prior to beginning employment. Failure to produce an official, certified transcript will result in any conditional offer of employment being rescinded.
Equal Opportunity Employer:
It is the policy of the South Carolina Department of Insurance to provide equal employment opportunities to all job applicants and employees without regard to their race, color, religion, national origin, sex (including, but not limited to, pregnancy, childbirth or related medical conditions and lactation), disability or age.
Veteran Preference Statement:
South Carolina is making our Veterans a priority for employment in state agencies and institutions.
The Department of Insurance offers an exceptional benefits package for FTE positions that includes:
- Health, Dental, Vision, Long Term Disability, and Life Insurance for Employee, Spouse, and Children
- 15 days annual (vacation) leave per year
- 15 days sick leave per year
- 13 paid holidays
- State Retirement Plan (pension plan option) and Deferred Compensation Programs
- Employee Assistance Program
- Free counseling sessions for employees and household members
- Free legal counseling
- Free financial counseling
- Flexible Work Schedules
- Compressed work weeks
- Part-time telecommuting
- Flex-time
- Contingent upon completing required probationary period
- Free Gym Access
- Growth Opportunities
- Certifications/designation program allowing for salary increases and bonuses
- Infants at Work Program
- Employees eligible to bring their newborn/infant to the workplace
- Free Parking
Salary : $95,000 - $115,000