INSURANCE EXAMINER 1

Code: 55084 State Competitive Range: R26 (FY 2027) Work week NL: FLSA exemptOvertime table (4A:3, Appx. A)

Salary: $83,582.01 - $122,831.91/year FY 2027 schedule (last updated 2026-07-27)

Official job specification

The text below is the official specification published by the New Jersey Civil Service Commission. The plain-language summary and analysis above are derived from it by NJ Civil Service Navigator. Source: the official specification page at NJ CSC.

Definition

Under the general supervision of a Supervising Insurance Examiner or other supervisory official in the Department of Banking and Insurance, supervises the field and/or office auditing and/or examining work and verifying of accounts and records of insurance companies regulated by the department; may be assigned to either field or central office locations as required; supervises staff and work activity; prepares and signs official performance evaluation for subordinate staff; does other related duties as required.

Examples of work

Supervises the work of analyst(s) and/or examiner(s) engaged in auditing and/or examining and verifying accounts, records, and other financial records of branch offices, pools, syndicates, or joint activities of groups of insurance companies. Organizes the work for an applicant, examination group, and/or domestic or foreign licensed, registered or authorized regulated risk bearing entity, and develops methods for conducting reviews and/or examination and verification work in accordance with established standards. Conducts complex reviews and/or examination and verification of accounts and records independently; may supervise several teams of examiners as required. Provides guidance and technical assistance. Trains personnel in appropriate auditing procedures and/or examination and verification methods for branch offices, syndicates, or joint underwriting activities of groups of insurance companies. Supervises the work operations and/or functional programs and has responsibility for effectively recommending the hiring, firing, promoting, demoting, and/or disciplining of employees. Prepares examination and/or review procedures and other instructions; makes revisions as required. Reviews and revises reports prepared for format, accuracy, adequate explanations of tax assessments, proposed adjustments, and other unusual features. Reviews the minutes of stockholder, director, and committee meetings; reviews other corporate records and data processing procedures. Supervises the reviews and interprets various formal contracts relevant to insurance matters including Reinsurance, Management Agreements and Tax Sharing agreements. Represents the Department in a professional manner with external and internal parties in the exchange of data requests and related information. This includes serving as a point person in securing the timely response to follow-up inquiries. Keeps current with new insurance products marketed and their impact on the financial condition of insurers. Keeps current with federal income tax laws governing insurance companies. Prepares and/or supervises the preparation of clear, technically sound, accurate, and informative reports on analysis and examinations containing findings, conclusions, and recommendations. Represents the State in multi-state examinations in other jurisdictions, and assists in the preparation of reports on examinations. Functions in the absence of the Supervising Insurance Examiner. Analyzes and monitors the results of financial condition surveillance tests. Supervises the maintenance of essential records, reports, and files. Will be required to learn how to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units.

License

Appointees will be required to possess a driver's license valid in New Jersey only if the operation of a vehicle, rather than employee mobility, is necessary to perform the essential duties of the position.

Knowledge, skills and abilities

Knowledge of the methods used to review, audit, verify, assess solvency and reconcile records. Knowledge of the financial records and detail operations of insurance companies. Knowledge of the accounting principles, methods, and practices. Knowledge of the actuarial aspects of life, health, and/or property, casualty reserve computations, and other actuarial features necessary for the understanding of financial statements of insurers. Knowledge of the discrepancies in financial records and of the methods used in discovering and correcting errors in financial documents and records. Knowledge of the varied types of financial records/documents, statements, and audits. Knowledge of the methods and procedures used to maintain financial statements and audit systems of accounts. Ability to analyze, interpret, and apply laws, rules, and other regulations of the State of New Jersey governing insurance companies. Ability to apply auditing, accounting, and statistical principles, methods, and techniques. Ability to schedule and organize routine and complex audits and/or examination and verification of internal and external accounts and records. Ability to check and verify financial entries from various source documents. Ability to prepare detailed correspondence. Ability to identify areas of financial statement strengths and weaknesses, inconsistency, non-compliance, downward trends, the risks presented therein, and communication of findings in written and oral presentation. Ability to review and examine the financial records and detail operations of insurance companies and holding systems. Ability to review, interpret, and apply information on the actuarial aspect of life, health and/or property, casualty reserve computations, and other features necessary for understanding the financial statements of insurers. Ability to participate in and/or lead meetings with other units, Offices, regulating authorities, guarantee associations, trade associations, and company executives as needed. Ability to implement changes or revisions in work procedures and methods required by court decisions, rulings and/or orders promulgated. Ability to interpret technical data and procedures to insurance companies, representatives, and interested parties. Ability to review highly complex accounting and auditing problems and develop and prescribe effective work methods. Ability to train and supervise the training of subordinate personnel in established reviews, procedures and/or examination and verification procedures, and in the effective application of relevant insurance laws, rules, and regulations. Ability to supervise assigned staff and plan, organize, and implement projects within the unit. Ability to confer with legal representatives of insurance companies and understand the mechanics of mergers, conglomerates, absorptions, and other actions concerning reorganization of insurance entities and/or holding companies. Ability to conduct complex independent audits. Ability to confer with business and trade representatives, attorneys, corporate officers, and other persons concerning audit and related insurance issues. Ability to represent the Department in a professional manner with external and internal parties in the exchanges of data requests and related information. This includes serving as a point person in securing the timely response to follow-up inquiries. Ability to utilize and become fully knowledgeable and proficient in various electronic, computer-based, and manual databases, computer programs, spreadsheets, processing, recording and information systems used by the Department and its offices and related units and sub-units. Ability to work effectively with associates, subordinates, and the representatives of insurance companies. Ability to maintain and/or supervise the maintenance of essential records, reports, and files. Ability to prepare clear, technically sound, accurate, and informative statistical, financial, and other reports containing findings, conclusions, and recommendations. Ability to learn how to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units. Ability to read, write, speak, understand, and communicate in English sufficiently to perform the duties of this position. American Sign Language or Braille may also be considered as acceptable forms of communication. Persons with mental or physical disabilities are eligible if they can perform the essential functions of the job with or without reasonable accommodation. If the accommodation cannot be made because it would cause the employer undue hardship, such persons may not be eligible.

Note

The examples of work for this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this class specification. Conversely, all duties performed on the job may not be listed. Applicants must meet one of the following or a combination of both experience and education. Thirty (30) semester hour credits are equal to one (1) year of relevant experience. Seven (7) years of professional experience in analyzing or examining financial accounts, data, statements, reports or records of corporations, insurance companies or banks; including or supplemented by twenty-one (21) semester hour credits in any one or in combination of the following areas of study: Banking, Insurance, Management, Financial Management, Risk Management, Information Technology, Mathematics, Business Law, Taxation, Accounting, Auditing, Statistics, Finance, Economics or Business Administration. OR Possession of a bachelor's degree from an accredited college or university, including or supplemented by twenty-one (21) semester hour credits in any one or in combination of the following areas of study: Banking, Insurance, Management, Financial Management, Risk Management, Information Technology, Mathematics, Business Law, Taxation, Accounting, Auditing, Statistics, Finance, Economics or Business Administration; and three (3) years of the above-mentioned professional experience. OR Possession of a master's degree in Banking, Insurance, Management, Financial Management, Risk Management, Information Technology, Mathematics, Business Law, Taxation, Accounting, Auditing, Statistics, Finance, Economics, or Business Administration; and two (2) years of the above-mentioned professional experience. OR Possession of a valid certificate as a Certified Public Accountant issued by the New Jersey State Board of Accountancy, or a valid certificate as an Accredited Financial Examiner, Insurance Designation, issued by the Society of Financial Examiners; and three (3) years of the above-mentioned professional experience. "Professional experience" refers to work that is creative, analytical, evaluative, and interpretive; requires a range and depth of specialized knowledge of the profession's principles, concepts, theories, and practices; and is performed with the authority to act according to one's own judgment and make accurate and informed decisions. Assignments may require travel to insurers' headquarters and possibly travel overnight out-of-state.