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Examiner Financial Analyst 1, 2, and 3

Posting Begin Date: 2024/05/15
Posting End Date: 2024/06/17
Category: Accounting and Finance
Work Type: Full Time
Location: Boise, ID, United States
Minimum Salary: 27.70
Maximum Salary: 33.96
Pay Rate Type: Hourly

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Idaho Department of Insurance Opportunity


The Idaho Department of Insurance (DOI) is seeking to fill a full-time, exempt Examiner Financial Analyst 1, 2 or 3 (EFA) to join its team of professionals! We are looking for an individual who understands the insurance industry, financial analysis, and a passion for consumer protection. As part of the Company Activities Bureau, this position protects Idaho policyholders by performing professional analysis work to ensure that insurance companies and other regulated entities remain solvent and comply with Idaho insurance laws, rules, procedures, guidance, administrative directives, and requirements of the National Association of Insurance Commissioners (NAIC). 

Working in public service provides staff members with a significant source of personal fulfillment and sense of purpose, as we strive daily to make a measurable difference in the lives of Idahoans. The agency believes and invests in staff development and encourages all employees to seek out professional development opportunities. This position will start no sooner than June 9, 2024.  

 Applications will be accepted through 4:59 PM MST on the posting end date. 


  • An EFA level 1 employee is expected to earn the AFE designation within 36 months of hire; level 2 position requires an AFE designation and will be expected to earn the CFE designation within 36 months of hire; level 3 requires a CFE designation.  

  • Performs in-depth review and analysis of regular periodic filings including, annual, quarterly, and supplemental filings made by domestic insurance companies and related entities based on Idaho and national procedures manuals.  

  • Monitors financial solvency of Idaho licensed foreign insurance-related entities domiciled outside of Idaho.  

  • Provides recommendations to supervisor regarding regulatory actions related to insurers’ financial performance.  

  • Ensures that the financial analysis performed meets national standards and accreditation standards of the NAIC.  

  • Conducts initial level review/analysis of self-funded health care plans registered in Idaho.  

  • Monitors changes to Statements of Statutory Accounting Principles (SSAP), model laws and other activities of the NAIC, which affect financial reporting and regulation of insurance companies.  

  • May participate in on-site examinations of domestic insurance companies or self-funded plans.  

  • Participates in training classes.  

Minimum Qualifications: 

Meet the education requirements to obtain a Certified Financial Examiner designation, offered by the Society of Financial Examiners as listed 

The Ideal Candidate has:  

  • Compelling customer service and a desire to assist Idahoans.  

  • Working knowledge of Generally Accepted Accounting Principles (GAAP), experience reviewing financial statements, and familiarity with auditing procedures. 

  • Knowledge of statutory accounting principles (SAP) and financial analysis, and insurance regulatory standards.  

  • Specific education that meets the requirements to attain a Certified Financial Examiner certification related to the financial analyst track as offered by the Society of Financial Examiners (SOFE) and/or has attained Accredited Financial Examiner (AFE) or Certified Financial Examiner (CFE) designation;  

  • Professional experience researching, interpreting, and applying laws and authoritative standards. 


 After careful review of this announcement and filling out the associated application, please attach and submit: 

  • A resume – relevant to this position 

  • A list of three (3) professional references – detailing the length and nature of your association 

  • A cover letter – detailing your position-related background and experience, including: 

  1. A self-rated skill level with GAAP and/or SAAP accounting (beginner, proficient or advanced) with an example that demonstrates the reason for your self-rating. 

  1. The length of time you have been using GAAP and/or SAAP accounting skills professionally.  

  1. The qualified educational requirements that you have successfully completed, as listed on the SOFE website: 

A copy of school transcripts MAY be requested during the interview process. 

Note: If you meet all the position’s expectations and yet lack some of the educational requirements, per SOFE, you are still encouraged to apply. However, please list the names of missing courses in your cover letter. 

Supplemental Information: 

Occasional work-related travel (+/-10%) and some overtime may be required by this position throughout the year. 

This career ladder includes three levels within the Company Activities Bureau. The successful candidate will be hired at the level commensurate with qualifications.  

This position is exempt from classified state service and the rules of the Division of Human Resources and the Idaho Personnel Commission.  

 The mission of the Department of Insurance is 

 to serve and protect Idahoans by equitably, effectively, and efficiently administering 

 the Idaho Insurance Code and the International Fire Code.  


The Department of Insurance is in downtown Boise across the street from the state's Capitol Building. Boise, Idaho has consistently receives top billing as one of the best places to live in the country! To learn more about Idaho's DOI and the important work we do, go to the DOI website, and follow us on Facebook, Twitter, and LinkedIn.  


The State of Idaho offers a robust total compensation package, including medical, vision, and dental insurance; PERSI retirement benefits; paid sick, vacation, and parental leave; and 11 paid holidays per year. For additional information related to benefits and/or State programs, please visit*


The State of Idaho is committed to providing equal employment opportunities and prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, political affiliation or belief, sex, national origin, genetics, or any other status protected under applicable federal, state, or local laws.

The State of Idaho is committed to access and reasonable accommodations for individuals with disabilities, auxiliary aids and services are available upon request. If you require an accommodation at any step in our recruitment process, you are encouraged to contact (208) 334-2263 (TTY/TTD: 711), or email [email protected].

Preference may be given to veterans who qualify under state and federal laws and regulations.