Description
The Commonwealth of Kentucky, Public Protection Cabinet/Department of Insurance is seeking a vendor to perform the services of a Financial Examiner/Analyst. The selected contractor will participate in or conduct financial analysis of insurers as required under the Kentucky Revised Statutes and the National Association of Insurance Commissioners' Accreditation Program. The contractor will provide professional services to assist in the Department's regulatory oversight of insurers in Kentucky. The scope of work includes reviewing analyses and examination work papers, overseeing procedures, facilitating resolutions of difficult issues, and ensuring compliance with NAIC and department guidelines. The contractor may be assigned to conduct complex examinations of NAIC accredited insurers, develop and present findings, and make recommendations for corrective actions.
• The contractor must have a CFE designation from the Society of Financial Examiners and a bachelor's degree in Accounting or Finance.
• The contractor will work a schedule approved by the Department and will not be compensated for absences.
• The contractor will be paid on an hourly basis, with rates ranging from $70 to $100 per hour, depending on the level of expertise.
• The contractor will be responsible for maintaining supporting documents for invoices and expenses.
• The contract will be for a period of one fiscal year, with a maximum of 2080 hours.
• The contractor will be required to comply with all applicable laws and regulations, including those related to campaign finance, tax, and employment.
• The contractor will be required to submit invoices and reports as specified in the contract.
The ideal candidate will have experience in insurance regulatory experience, auditing or examining, and expertise in utilizing software programs and databases. The candidate will also have excellent communication and analytical skills.