• Job Description

  Req#: 46903

  Job Requisition ID: 46903
  Closing Date: 05/14/2025
  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

  • Receives instruction and on-the-job training, for a period of up to twelve months, in the review and analysis of insurance group holding company filings under review, including including Own Risk and Solvency Assessment (ORSA), Corporate Governance Annual Disclosure (CGAD) and Group Capital Calculation (GCC) filings, per the current agency established procedures and guidelines.
  • Completes a variety of assignments to assist in supervisory college activities.
  • Assists Group Supervision analysts and specialists in various aspects of analysis.
  • Receives instruction in reviewing various contracts and holding company filings.
  • 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 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 analysis of insurance companies.
  • Prefers ability to prepare documentation and reports of analysis findings in a logical and concise manner.
  • Prefers ability to learn and retain knowledge of the Illinois Insurance Code and all applicable laws, rules, regulations, and current accounting practices the govern the insurance industry.
  • Prefers ability to acquire knowledge in the structure, operation, and management of insurance companies.
  • Prefers ability to establish effective working relationships with agency staff and insurance company officials and representatives.
  • Prefers ability to perform duties in a professional, efficient, and ethical manner and to maintain the confidentiality of the company’s information that is obtained during the analysis process.

  Employment Conditions

  • Requires the ability to travel.
  • Requires the ability to pass a background check.

  The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.

  About the Agency

  The Department of Insurance (DOI) regulates the insurance market in the State of Illinois including, but not limited to, licensing and educating insurance agents, investigating Workers Compensation fraud, and examining the operations and finances of insurance companies domiciled in the state. We are committed to protecting consumers and regulating the insurance industry with innovation and efficiency. DOI has approximately 220 employees who are split between our Chicago and Springfield offices.

  State of Illinois employees enjoy a robust benefit package, including:
  • Health, Life, Vision, and Dental Insurance
  • 13 Paid Holidays annually, 14 on even numbered years
  • 10-25 days of Paid Vacation time annually - (10 days in year one of employment)
  • 12 Paid Sick Days annually (sick days carry over from year to year)
  • 10 Weeks Paid Maternity/Paternity Leave
  • 3 Paid Personal Days annually
  • Pension Plan
  • Deferred Compensation Program and other pre-tax benefit programs (Medical/Daycare)
  • Flexible work schedules may be available, dependent upon position
  • Tuition Reimbursement Program and Federal Public Service Loan Forgiveness Program eligibility
  
  Visit https://www2.illinois.gov/cms/benefits/Pages/default.aspx for more information about our benefits.

  Work Hours: M-F; 8:00-4:30
  Work Location: 320 W Washington St, Springfield, Illinois, 62767
  Email: DOI.HR@illinois.gov
  Posting Group: Legal, Audit & Compliance

  This position DOES NOT contain “Specialized Skills” (as that term is used in CBAs).

  APPLICATION INSTRUCTIONS

  Use the “Apply” button at the top right or bottom right of this posting to begin the application process.

  If you are not already signed in, you will be prompted to do so.

  State employees should sign in to the career portal for State of Illinois employees – a link is available at the top left of the Illinois.jobs2web.com homepage in the blue ribbon.

  Non-State employees should log in on the using the “View Profile” link in the top right of the Illinois.jobs2web.com homepage in the blue ribbon. If you have never before signed in, you will be prompted to create an account.

  If you have questions about how to apply, please see the following resources:

  State employees: Log in to the career portal for State employees and review the Internal Candidate Application Job Aid

  Non-State employees: on Illinois.jobs2web.com – click “Application Procedures” in the footer of every page of the website.

  The main form of communication will be through email. Please check your “junk mail”, “spam”, or “other” folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses:

  • donotreply@SIL-P1.ns2cloud.com
  • systems@SIL-P1.ns2cloud.com

• About the company

  The Governor of Illinois is the chief executive of the State of Illinois, and the various agencies and departments over which the officer has jurisdiction, as prescribed in the state constitution.

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