INSURANCE COMPANY FINANCIAL EXAMINER TRAINEE

Job description

Job Requisition ID: 59708 Opening Date: 10/20/2026 Closing Date: 11/04/2026 Agency: Department of Insurance Class Title: INSURANCE CO FINANCIAL EXMNR TRN (21610) Skill Option: None Bilingual Option: None Salary: $4,922 - $6,762 (Anticipated starting salary non-state $4,922/CBA Language applies) Job Type: Salaried Category: Full Time Number of Vacancies: 2 Bargaining Unit Code: RC062 Technical Employees, AFSCME Merit Comp Code: Work Hours: M-F; 8:30am-5:00pm Requires the ability to report to the work location during work hours Anticipated Hybrid Work Schedule Availability: It is required that a person reports to the headquarters on this job position as necessary (could be weekly, monthly, or other schedule) dependent on operational need Headquarter Location: 115 S Lasalle St, Chicago, Illinois, 60603 Work County: Cook Agency Contact: D @ 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 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. 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 Department of Insurance is seeking to hire an Insurance Company Financial Examiner Trainee. Under immediate supervision, for a period of up to twelve months, the trainee receives training and is assigned various tasks of increasing difficulty to develop knowledge, understanding and practical skills requisite for examining the financial and operational records of life, accident and health insurance companies, property and casualty insurance companies and other types of insurance entities; receives instruction to determine compliance with the Illinois Insurance Code, rules and regulations, and statutory accounting practices and procedures; communicates with company personnel and other examiners regarding examination procedures and findings. Travels to various insurance company sites as examination team member within and outside the State of Illinois. We invite all qualified applicants to apply. Essential Functions • Under immediate supervision, for a period of up to twelve months, receives on-the-job instruction and guidance in learning to perform a variety of assignments of increasing difficulty to develop knowledge, understanding and practical skills requisite for performing risk focused examinations in accordance with the National Association of Insurance Commissioners (NAIC) Financial Examiners Handbook. • Receives exposure to all aspects of the financial examination process to develop knowledge, understanding and practical skills. • As a financial examination team member, receives on-the-job instruction and guidance to perform a risk focused examination/analysis in accordance with the National Association of Insurance Commissioners (NAIC) Financial Examiners/Analysis Handbook. • Participates with higher level examiners in meetings and interactions with insurance company officials and industry representatives. • Learns to prepare electronic working papers necessary to support examination findings. • 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 21 semester hours of coursework in accounting, (3 hours of auditing), with additional coursework in business, economics, finance, insurance, information technology, risk management, finance or a closely related field. Preferred Qualifications • Prefers elementary knowledge of insurance accounting and auditing theories, methods, standards and procedures. • Prefers basic knowledge of spreadsheets and computer applications. • Prefers ability to prepare documentation and reports of examination findings in a logical and concise manner. • Prefers ability to successfully complete on-the-job training assignments for the financial examination of insurance companies. • Prefers ability to learn and retain knowledge of the Illinois Insurance Code and all applicable laws, rules, regulations, and current accounting practices that govern the insurance industry. • 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 examination. • Prefers ability to establish effective working relationships with agency staff and insurance company officials and representatives. • Prefers elementary knowledge of technology utilized in the insurance industry. • Prefers elementary knowledge of business administration practices as related to insurance companies. Conditions of Employment • Requires the ability to pass a background check. • Requires the ability to travel to examination sites, which may require overnight stays away from the primary work location. • Requires an appropriate, valid driver’s license. • 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) 12 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 for more information about our benefits. 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 homepage in the blue ribbon. Non-State employees should log in on the using the “View Profile” link in the top right of the 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 – 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: