Insurance Examiner at Vermont

The Vermont Department of Financial Regulation is seeking a motivated, organized, and professional individual to join its Insurance Division as an Insurance Examiner II.

The ideal candidate will have a strong financial background, excellent analytical and critical-thinking abilities, effective communication skills, sound time-management practices, and a dependable, professional approach to work.

Position Overview

Under moderate supervision, the Insurance Examiner II assists with financial examinations and ongoing risk assessments of traditional insurance companies.

Using a risk-based examination approach, the individual evaluates insurers’ business operations, internal controls, corporate governance, strategic planning, financial reporting, and regulatory compliance to help ensure they remain financially sound and meet their obligations under applicable laws and regulations.

The position also involves continuous off-site monitoring of insurance companies through the review of quarterly financial statements and other regulatory filings.

This process helps identify financial trends, solvency concerns, and potential risks that could affect an insurer’s ability to meet its commitments.

Additional responsibilities include examining and evaluating the financial and operational condition of licensed insurance companies, collecting and analyzing financial data, preparing examination workpapers and reports, and assisting senior examiners in identifying irregularities or areas of concern.

The successful candidate will develop expertise in insurance accounting, regulatory standards, and examination procedures while contributing to consumer protection and the stability of the insurance industry.

This role requires strong analytical judgment, attention to detail, and a solid understanding of financial reporting, insurance accounting principles, regulatory frameworks, and examination practices.

Who Can Apply

Job Requisition: Insurance Examiner II — #55978

The position is open to current State of Vermont employees and external applicants.

The department is recruiting at multiple professional levels. Applicants interested in being considered for more than one level must submit a separate application for each relevant requisition:

• Insurance Examiner II: #55978
• Insurance Examiner III: #55979
• Insurance Examiner-In-Charge: #55980

For additional information, contact Karen Ducharme at Karen.Ducharme@vermont.gov.

Applications must be submitted online. Resumes sent by email will not be accepted. Multiple vacancies at the same work location may be filled through this recruitment process.

Work Environment

The position is primarily performed in a standard office environment at the premises of the insurance company being examined.

Assignments may require travel to insurer offices located throughout the United States, potentially involving extended periods away from Vermont.

Working hours may vary depending on examination assignments, project requirements, and workload demands.

Minimum Qualifications

Applicants must meet at least one of the following requirements:

• A master’s degree in finance, accounting, business administration, or a closely related field; or
• A bachelor’s degree combined with at least two years of technical-level experience in accounting, auditing, or financial examination; or
• At least 18 months of experience as an Insurance Examiner I, with satisfactory completion of the department’s performance requirements.

Employees must obtain either a Certified Public Accountant (CPA) or Accredited Financial Examiner (AFE) designation within four years of hire or promotion, subject to a maximum of six years.

Employee Compensation and Benefits

Employment with the State of Vermont offers a comprehensive benefits package valued at approximately 30% of total compensation, in addition to salary.

Benefits include:

• Medical insurance with 80% of the premium paid by the State and a dental plan provided at no cost for employees and their families.
• Twelve paid holidays annually and a generous leave allowance.
• State-paid Family and Medical Leave Insurance (FMLI).
• A defined-benefit pension plan and a deferred compensation 457(b) retirement savings plan.
• Tuition reimbursement.
• Flexible spending accounts for healthcare and childcare expenses.
• Affordable group life insurance.
• An incentive-based employee wellness program.
• Eligibility for the Public Service Loan Forgiveness Program through the State’s qualified employer status.