INSURANCE COMPANY FINANCIAL EXAMINER TRAINEE

Job Requisition ID: 46959 
Closing Date: 05/15/2025
​Agency: Department of Insurance
Class Title: INSURANCE CO FIN EXAMINER TRN - 21610 
Skill Option: None 
Bilingual Option: None
Salary: Anticipated starting salary $4,575 per month. Full range $4,575-$6,285.
Job Type: Salaried
Category: Full Time 
County: Sangamon
Number of Vacancies: 2
Bargaining Unit Code: RC062
Merit Comp Code: 

 

This position is a union position; therefore, provisions of the relevant collective bargaining agreement/labor contract apply to the filling of this position.

 

All applicants who want to be considered for this position MUST apply electronically through the illinois.jobs2web.com website. State of Illinois employees should click the link near the top left to apply through the SuccessFactors employee career portal.

Applications submitted via email or any paper manner (mail, fax, hand delivery) will not be considered.

*Answer all application questions thoroughly.  DO NOT STATE "SEE RESUME".*

 

 

Why Work for Illinois?

Working with the State of Illinois is a testament to the values of compassion, equity, and dedication that define our state. Whether you’re helping to improve schools, protect our natural resources, or support families in need, you’re part of something bigger—something that touches the lives of every person who calls Illinois home.

No matter what state career you’re looking for, we offer jobs that fit your life and your schedule—flexible jobs that provide the gold standard of benefits. Our employees can take advantage of various avenues to advance their careers and realize their dreams. Our top-tier benefits and great retirement packages can help you build a rewarding career and lasting future with the State of Illinois.

Position Overview

The Illinois Department of Insurance is seeking to hire an Insurance Company Financial Examiner Trainee. Under immediate supervision, for a period of up to twelve months, this position receives training and work assignments to develop knowledge, understanding, skills, and abilities required to review and analyze insurance group holding companies per established procedures and guidelines. We invite all qualified applicants to apply.
    
 

Essential Functions

• As a financial analyst team member, receives instruction and on-the-job training to learn the proper format and procedures to conduct financial analysis of assigned insurance companies’ financial and non-financial documents and records for property and casualty companies.
• Completes a variety of assignments in the application of auditing and accounting techniques, including the analysis of the company’s financial and non-financial documents.
• Assists financial analysts and specialists in various aspects of financial analysis such as reviewing financial statements, determining adequacy of premiums, and reviewing a company’s policies to develop knowledge, understanding and practical skills.
• Receives instruction in preparing analysis worksheets, documents, and reports to properly document and support findings and to illustrate compliance with agency guidelines.
• Completes agency training assignments or other formal training designed to develop and enhance knowledge of the analysis process, the operations of insurance companies and all applicable law, rules, regulations, and current accounting practices.
• Performs other duties as required or assigned, which are reasonably within the scope of the duties enumerated above.

Minimum Qualifications

• Requires a bachelor’s degree with coursework in accounting, business, economics, finance, insurance, information technology, risk management or a closely related field.

Preferred Qualifications

• Prefers elementary knowledge of insurance accounting and auditing theories, methods, standards, and procedures.
• Prefers elementary knowledge of business administration practices as related to insurance companies.
• Prefers elementary knowledge of technology utilized by the insurance industry.
• Prefers ability to successfully complete on-the-job training assignments for the financial analysis of insurance companies.
• Prefers ability to prepare documentation and reports of analysis findings i