Insurance Examination Rehab. and Guarantee Manager

A class incumbent is responsible for managing multiple functions related to ensuring the solvancy of Delaware chartered insurance companies.

• 200 insurance companies charted in Delaware.
• Supervises 13 professional and three clerical subordinates.
• Annual budget - $6.1 million.

Essential functions are fundamental, core functions common to all positions in the class series and are not intended to be an exhaustive list of all job duties for any one position in the class. Since class specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here.

• Ensures accurate and timely financial examination of insurance companies chartered in Delaware.
   
• Ensures rehabilitation and/or liquidation is accomplished with maximum protection for the insured and Delaware Insurance Guaranty Association.
   
• Identifies and analyzes an insurance company's financial problems and recommends effective action to avoid insolvancy.
   
• Participates in establishing, communicating, and implementing Department goals and objectives.

JOB REQUIREMENTS for Insurance Examination Rehab. and Guarantee Manager
Applicants must have education, training and/or experience demonstrating competence in each of the following areas:

1. Possession of a Bachelors degree or higher in Accounting, Finance, Business Administration or related field.
2. Possession of a Certified Financial Examiners (CFE) certificate.
3. Three years experience in financial analysis of insurance companies to determine resulting ratios, statistical comparisons, disclosure omissions, misstatements, and other irregularities applicable to insurance operations.
4. Three years experience in conducting examinations of insurance companies.
5. Three years experience in recognizing deficiencies in accounting procedures and management controls.
6. Three years experience in interpreting insurance industry, rehabilitation, liquidation and bankruptcy laws, rules, regulations, standards, policies, and procedures.
7. Six months experience in staff supervision of two or more employees which includes to plan, assign, review, discipline, recommend hire, promotion, termination and administer performance plans and reviews.

To learn more about the comprehensive benefit package please visit our website at http://ben.omb.delaware.gov/

The application and supplemental questionnaire are evaluated based upon a rating of your education, training and experience as they relate to the job requirements of the position.  It is essential that you provide complete and accurate information on your application and the supplemental questionnaire to include dates of employment, job title and job duties.  For education and training, list name of educational provider, training course titles and summary of course content.   Narrative information supplied in response to the questions must be supported by the information supplied on the application including your employment, education and training history as it relates to the job requirements.

Once you have submitted your application on-line, all future correspondence related to your application will be sent via email.  Please keep your contact information current.  You may also view all correspondence sent to you by the State of Delaware in the “My Applications” tab at www.delawarestatejobs.com.

Accommodations are available for applicants with disabilities in all phases of the application and employment process.  To request an auxiliary aid or service please call (302) 739-5458. TDD users should call the Delaware Relay Service Number 1-800-232-5460 for assistance.  The State of Delaware – An Equal Opportunity and Affirmative Action Employer.