Class Code: 00444
IOWA DEPARTMENT OF ADMINISTRATIVE SERVICES –
HUMAN RESOURCES
INSURANCE COMPANY EXAMINER 2
DEFINITION
Performs developmental professional level detail
audit work of limited scope/depth in the examination of financial and related
business records of domestic and resident insurance; performs related work as
required.
The Work Examples and Competencies
listed are for illustrative purposes only and not intended to be the primary
basis for position classification decisions.
WORK EXAMPLES
Applies established auditing/accounting techniques to
analyze, verify and reconcile financial accounts and transactions.
Examines and verifies, pre-established processes/procedures,
and assets/liabilities of insurance
companies consisting of real estate, cash, bonds, stocks, operation balances,
receivables, unpaid losses and expenses, reserves, capital stock or guaranty
funds, and surpluses.
Makes test checks of income and disbursement items and
accounts.
Prepares limited statements of income and
disbursements, assets and liabilities, underwriting and investment exhibits,
and necessary supporting schedules (e.g., summaries of the investment accounts
and analysis of surplus accounts).
Reviews management and corporate structure, employee
welfare, treatment of policyholders, and other administrative procedures and
practices and discusses findings with higher-level Examiners.
Prepares reports based on studies and examinations of
accounts.
COMPETENCIES REQUIRED
Knowledge of the principles, methods, and practices of
auditing and accounting.
Knowledge of insurance principles and theory.
Ability to analyze and interpret complex accounting
and financial data.
Ability to prepare accurate and complete financial
statements.
Ability to prepare clear and comprehensive reports
based on studies and completed examinations.
Ability to meet with and cooperate effectively with
individuals or representatives of organizations who are subject to examination
by the Insurance Division of the Department of Commerce.
Ability to meet customer needs in a consistently
helpful and courteous manner.
Displays high standards of
ethical conduct. Exhibits honesty and
integrity. Refrains from theft-related,
dishonest or unethical behavior.
Works and communicates with
internal and external clients and customers to meet their needs in a polite,
courteous, and cooperative manner.
Committed to quality service.
Displays a high level of
initiative, effort and commitment towards completing assignments
efficiently. Works with minimal supervision. Demonstrates responsible behavior and
attention to detail.
Responds appropriately to
supervision. Follows policy and cooperates
with supervisors.
Aligns behavior with the
needs, priorities and goals of the organization.
Encourages and facilitates
cooperation, pride, trust, and group identity.
Fosters commitment and team spirit.
Expresses information to
individuals or groups effectively, taking into account the audience and nature
of the information. Listens to others
and responds appropriately.
EDUCATION, EXPERIENCE, AND SPECIAL REQUIREMENTS
Graduation from an accredited four-year college or
university with a degree in accounting and experience equal to eighteen months
of full-time work in insurance company examination or financial auditing work;
OR
an
equivalent combination of education and experience substituting, on a
year-for-year basis, one year of successful work experience in adjusting
insurance claims and/or auditing or maintaining accounting and financial
records for each year of the required college or university education, with a
maximum substitution of four years (thirty semester or equivalent hours equals
one year);
OR
employees
with current continuous experience in the state executive branch that includes experience
equal to twelve months of full-time work as a Accountant/Auditor 1.
NOTE:
Incumbents in many of these positions will be required
to travel and stay out overnight.
Incumbents will be required to make arrangements on their own regarding
transportation to and from assigned work areas.
Some positions will require statewide travel and some will travel an
assigned territory within the State of
SPECIAL NOTE:
Openings in this class are normally filled by
promotion from the Accountant/Auditor 1 class within the agency.
Effective Date: 11/06 SH