Compliance Examiner 1

Compliance Examiner 1Print (https://www.governmentjobs.com/careers/louisiana/jobs/newprint/4395868) ApplyCompliance Examiner 1Salary $3,186.00 - $6,252.00 MonthlyLocation Baton Rouge, LAJob TypeClassifiedJob NumberDOI-2024-04DepartmentInsurance-Commissioner of InsuranceOpening Date02/19/2024Closing Date2/26/2024 11:59 PM Central

Description

Benefits

Questions

Supplemental InformationThis vacancy is located in the Office of Financial Solvency, Analysis Division. Premium pay, special entrance rate, hybrid telework options, and a flexible scheduled are all offered for this position.The LA Department of Insurance is a State As a Model Employer (SAME) agency that supports improved employment opportunities for individuals with disabilities.Resumes WILL NOT be accepted in lieu of completed education and experience sections on your application. Applications may be rejected if incomplete.For further information about this vacancy contact:Lori G. BlairLouisiana Department of InsuranceP.O. Box 94214Baton Rouge, LA 70804 [email protected] QualificationsMINIMUM QUALIFICATIONS:A baccalaureate degree with nine semester hours in accounting and an additional fifteen semester hours in accounting, economics, finance, business law, insurance, statistics, financial analysis, or money and banking.SUBSTITUTION FOR DEGREE ONLY:Six years of full-time work experience in any field may be substituted for the required baccalaureate degree (not the 24 hours of specialized coursework).Candidates without a baccalaureate degree may combine work experience and college credit to substitute for the baccalaureate degree (not the 24 hours of specialized coursework) as follows:A maximum of 120 semester hours may be combined with experience to substitute for the baccalaureate degree.30 to 59 semester hours credit will substitute for one year of experience towards the baccalaureate degree.60 to 89 semester hours credit will substitute for two years of experience towards the baccalaureate degree.90 to 119 semester hours credit will substitute for three years of experience towards the baccalaureate degree.120 or more semester hours credit will substitute for four years of experience towards the baccalaureate degree.College credit earned without obtaining a baccalaureate degree may be substituted for a maximum of four years full-time work experience towards the baccalaureate degree. Candidates with 120 or more semester hours of credit, but without a degree, must also have at least two years of full-time work experience to substitute for the baccalaureate degree.SUBSTITUTION FOR THE TWENTY-FOUR HOURS OF SPECIALIZED COLLEGE COURSEWORK:Professional level experience in regulatory examination with the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Bank (FRB), the Office of Comptroller of the Currency (OCC), the National Credit Union Administration (NCUA), or a state financial institutions regulatory agency responsible for the regulation of banks, thrifts, credit unions, or mortgage lenders will substitute for the twenty-four semester hours of specialized college coursework on the basis of six semester hours for one year of regulatory examination experience.NOTE:Any college hours or degree must be from an accredited college or university.Job ConceptsFunction of Work:Examines the accounting systems and financial status of financial service providers or insurance companies to ensure financial solvency and fair consumer practices.Level of Work:Entry.Supervision Received:Direct from a Compliance Examiner Assistant Manager, Compliance Examiner Manager, or other higher-level supervisor.Supervision Exercised:None.Location of Work:Primarily used by the Department of Insurance and Office of Financial Insitutions (OFI).Job Distinctions:Differs from Compliance Examiner 2 by the absence of responsibility for performing the full range of examination functions.Examples of WorkEXAMPLES BELOW ARE A BRIEF SAMPLE OF COMMON DUTIES ASSOCIATED WITH THIS JOB TITLE. NOT ALL POSSIBLE TASKS ARE INCLUDED. Conducts field examinations of financial service providers and insurance companies such as banks, residential mortgage lenders, pawnshops, credit unions, and HMOs to determine compliance with state and federal laws, policies, rules, and regulations.Examines records of assets such as cash and accounts due from institutions, investments, loans, real estate, and equipment to verify accuracy and composition of data provided in financial statements.Examines records of liabilities such as deposit accounts, savings accounts, certificates of deposit, taxes, debts, loans, other borrowed money, and accrued expenses; reviews records of stockholder's equity such as common stock, preferred stock, capital surplus, retained earnings, and subordinated debt to determine accuracy of and composition of data in financial statements.Prepares reporting schedules on numerous detail tasks areas, including concentrations of assets in a particular area, rate sensitivity analysis, liquidity and funds management, and premises and equipment.Attends meetings and conferences with top-level management of firms to obtain information, resolve discrepancies, and report findings.On a rotating basis, will serve as an assistant-in-charge for examinations of lesser complexity.Attends and successfully completes beginning Compliance examiner school.Louisiana State Government represents a wide variety of career options and offers an outstanding opportunity tomake a differencethrough public service. With an array of career opportunities in every major metropolitan center and in many rural areas, state employment provides an outstanding option to begin or continue your career. As a state employee, you will earn competitive pay, choose from a variety of benefits, and have access to a great professional development program:Insurance Coverage More information can be found at https://info.groupbenefits.org/Parental Leave– Up to six weeks paid parental leaveMore information can be found athttps://www.civilservice.louisiana.gov/Parental-Leave/Default.aspxHolidays and Leave – State employees receive the following paid holidays each year:

New Year's Day

Martin Luther King, Jr. Day,

Mardi Gras,

Good Friday,

Memorial Day,

Independence Day,

Labor Day,

Veteran's Day,

Thanksgiving Day and Christmas Day.

Additional holidays may be proclaimed by the GovernorState employees earn sick and annual leave which can be accumulated and saved for future use. Your accrual rate increases as your years of service increase.Retirement – State of Louisiana employees are eligible to participate in various retirement systems (based on the type of appointment and agency for which an employee works). These retirement systems provide retirement allowances and other benefits for state officers and employees and their beneficiaries. State retirement systems may include (but are not limited to):

Louisiana State Employees Retirement System (www.lasersonline.org). LASERS has provided this video (https://lasersonline.org/wp-content/uploads/2016/07/YourRetirementSystem.mp4) to give you more detailed information about their system

Teacher's Retirement System of Louisiana (www.trsl.org),

Louisiana School Employees Retirement System (www.lsers.net), among others

01

Do you possess nine semester hours in accounting and an additional fifteen semester hours in accounting, economics, finance, business law, insurance, statistics, financial analysis, or money and banking?

Yes

No

02

If you answered 'yes' to the previous question, please type each course name, semester hours earned, and the accredited university. If you answered 'no,' type N/A. Example: ACCT 2001 - Introductory Financial Accounting - 3 hrs – LSU

Required Question

AgencyState of LouisianaAddressFor agency contact information, please refer tothe supplemental information above.Louisiana State Civil Service, Louisiana, 70802Phone(866) 783-5462Websitehttp://agency.governmentjobs.com/louisiana/default.cfmApplyPlease verify your email addressVerify Email