The NAIC is currently accepting résumés for those individuals who are interested in and qualified for becoming an accreditation review team member. The Financial Regulation Standards and Accreditation Program (the Program) is one of the NAIC’s premier programs in that it ensures that accredited state insurance departments are complying with baseline Financial Regulation Standards (the Standards). A system of effective solvency regulation provides crucial safeguards for America’s insurance consumers. These consumers benefit when the insurance industry is strong enough financially to be able to pay and settle claims in a timely manner, to provide diverse and competitively priced products and to provide meaningful customer service.

The NAIC utilizes independent consultants to perform a review of a state insurance department’s compliance with the Standards. These consultants are expected to provide expert, professional, courteous service to our member states. NAIC consultants are considered experts in insurance and their career experience within the insurance industry or insurance regulation speaks for itself.

For a typical accreditation review of a state insurance department, three to six review team members plus an NAIC observer (the Team) spend on average one week on-site at the department. The Team conducts the review following a standard outline of review procedures to allow for uniformity in the evaluation process amongst the states. During a review, the Team will review financial analysis and examination files for compliance with the Standards and related guidance.

Requirements
In order to be considered as a possible review team member, an individual must be regarded as an expert in the insurance industry and/or insurance regulation. Interested individuals must be highly analytical, results-oriented and work well in a team setting. The person should be well-organized, self-directed, hard-working and must establish a high level of trustworthiness (i.e., possessing the ability to maintain the confidentiality of private information obtained during an on-site review). Excellent written, verbal and presentation skills are required. In addition, he/she must generally meet the following minimum criteria:

Educational and Work Experience Requirements

• Bachelor’s degree in Business with emphasis in accounting, finance and/or insurance preferred;
• Master’s in Business Administration degree and/or CPA preferred or a combination of education and experience; and
• 15-20 plus years experience working in the insurance industry and/or insurance regulation.

Additional Skills and Requirements

• Knowledge of the Program strongly preferred but not required;
• Must possess high ethical standards;
• Sound technical skills, analytical ability and strong financial focus is essential;
• An extensive knowledge of Statutory Accounting Principles is required;
• Must be very familiar with and able to read, analyze and interpret the NAIC Annual Statement Blanks;
• Familiarity with the NAIC Financial Analysis Handbooks as well as the NAIC Financial Condition Examiners Handbook preferred;
• Requires travel and generally week-long overnight stays out-of-town;
• Certifications strongly preferred: CFE and/or CPA. Others desired: AFE, ARe, CISA, CPCU and/or FLMI;
• Ability to effectively communicate with regulators at all levels within a state insurance department;
• Must be willing to learn how to navigate through the TeamMate software utilized by most states to document certain procedures; and
• Must be available to attend mandatory bi-annual training hosted by the NAIC in Kansas City.

Generally speaking, the Program requires that an expert in the insurance industry and/or insurance regulation would be equivalent to an individual in one of the following positions:

• Senior Manager or higher in a CPA firm;
• Deputy Commissioner or higher in a state insurance department; or
• Controller, Chief Accounting Officer, Chief Financial Officer or higher in an insurance company.