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Company Licensing and Compliance Examiner (FPA 4)

State of Washington

Olympia, WA

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JOB DETAILS
SALARY
$5,666–$7,622
SKILLS
Accounting, Accreditation Standards, Accredited Financial Examiner (AFE), Accredited Insurance Examiner (AIE), Actuarial Skills, Analysis Skills, Auditing, Banking Services, Business Administration, Business Operations, Business Plan, Certified Insurance Examiner (CIE), Consumer Protection, Contract Analysis, Contract Management, Corporate Compliance, Cost Control, Diversity, Documentation, Economics, Educational Accreditation, Employee Orientation, Federal Government, Federal Laws and Regulations, Finance, Financial Analysis, Financial Audit, Financial Compliance, Financial Control, Financial Management, Financial Operations, Financial Regulations, Financial Risk, Financial Services, Financial Statements, Financial Trend Analysis, Functional Analysis, Functional Programming Languages, Generally Accepted Accounting Principles (GAAP), Higher Education, Insurance, Insurance Regulations, Insurance Underwriting, Internal Audit, Legal, Licensing, Licensing Compliance, Maintain Compliance, Market Analysis, Mentoring, Microsoft Excel, Microsoft Office, Microsoft Outlook, Microsoft Word, Mortgage Lending, Operational Audit, Procedure Development, Provider Contracting, Public Transport, Regulations, Regulatory Compliance, Regulatory Submissions, Reinsurance, Risk Analysis, SAP, Safety/Work Safety, Savings Bank, State Laws and Regulations, Technical Analysis, Technical Leadership, Technical Support, Training/Teaching, Trend Analysis, Underwriting, Work From Home
LOCATION
Olympia, WA
POSTED
11 days ago
This recruitment will remain open until filled. The agency reserves the right to make a hiring decision at any time after the initial screening date on May 28, 2026. It is in the applicant's best interest to submit materials as soon as possible.

Make a Difference: Protect Consumers & Join Our Dynamic Team!

The Office of the Insurance Commissioner (OIC) seeks a qualified individual for the Company Licensing and Compliance Examiner - FPA 4 position. This role is within the Company Supervision Division and is based out of our Tumwater Office.

We are an employer of choice! Here's why:
  • Meaningful work: Ensure a healthy insurance market & protect Washington consumers.
  • Impactful career: Make a daily difference in the lives of countless Washingtonians.
  • Small agency, big opportunities: Gain a holistic understanding of our mission and build strong relationships with colleagues.
  • Diversity, equity, and inclusion: OIC is committed to ensuring that all employees enjoy a respectful, safe, and supportive working environment - by fostering the inclusion of people from all backgrounds, cultures, and attributes.
About the Position

The Washington State Office of the Insurance Commissioner (OIC) is seeking a highly skilled and analytical professional to serve as a Company Licensing & Compliance Examiner (FPA4) within the Company Supervision Division. In this critical role, you will serve as a subject matter expert responsible for conducting complex financial, operational, and regulatory analyses of insurance companies and auxiliary (non-insurance) entities seeking authorization to operate in Washington state.

This position plays a vital role in advancing the OIC's mission to protect consumers, the public interest, and Washington's economy through fair and efficient regulation of the insurance industry. By ensuring insurers and regulated entities meet rigorous statutory, financial, and professional standards, you will help safeguard the integrity and stability of Washington's insurance marketplace.

Reporting to the Company Licensing & Compliance Manager, this role independently evaluates highly technical licensing applications, assesses financial solvency and operational compliance, and ensures adherence to state laws, federal requirements, and National Association of Insurance Commissioners (NAIC) accreditation standards. The position also serves as a trusted advisor and representative of the agency in regulatory discussions, hearings, and compliance matters.

This is an exciting opportunity for a professional who thrives in complex regulatory environments, enjoys detailed financial analysis, and is passionate about public service and consumer protection.

This recruitment may be used to establish a qualified pool of candidates for Functional Program Analyst 4 (FPA4) vacancies in the next sixty days.

This is a Washington General Service position. The monthly salary range for this position is $5,666 - $7,622.

Benefits & Perks
  • Comprehensive benefits package: Health, dental, vision, retirement, paid leave (vacation, sick, etc.) and much more!
  • Supportive work environment: We value diversity, professional growth, and collaborative atmosphere.
  • Wellness programs: Invest in your well-being with on-site resources and initiatives.
  • Work-life balance: Flexible schedules with telework opportunities.
  • Public service fulfillment: Contribute to a cause that matters and feel the satisfaction of serving the public good.
  • Training & Development: Continuously learn and grow with tuition reimbursement, Public Service Loan Forgiveness, and other programs.
  • Free parking (Tumwater) & Public transportation pass (Thurston County): Save on commuting costs.
  • And more! Explore our website for additional benefits:

The duties of the position include but are not limited to:
  • Conduct complex and highly technical reviews and analyses of insurance company and auxiliary company licensing applications to ensure compliance with Washington state laws, federal regulations, and NAIC accreditation standards.
  • Evaluate financial solvency, capitalization, corporate structure, business operations, and regulatory filings to determine eligibility for licensure or registration.
  • Analyze financial statements, risk-based capital projections, debt-to-equity ratios, premium ratios, business plans, and other financial and operational documentation to assess regulatory compliance and financial integrity.
  • Prepare detailed analytical recommendations regarding approval or disapproval of company licensure, registration, and corporate amendment filings.
  • Ensure licensing and compliance reviews are completed accurately, efficiently, and within required statutory and accreditation timelines.
  • Serve as a subject matter expert on company licensing requirements and provide technical guidance to agency staff, regulated entities, attorneys, and other stakeholders.
  • Represent the Office of the Insurance Commissioner in hearings, regulatory discussions, and other legal or compliance-related proceedings.
  • Conduct complex compliance reviews and investigations involving insurer operations, corporate amendments, and regulatory filings to ensure compliance with RCWs and WACs.
  • Identify potential violations of insurance laws and regulations, prepare enforcement referrals, and provide supporting documentation for regulatory action.
  • Provide mentorship, training support, and technical assistance to licensing analysts and contribute to the development and improvement of agency procedures and processes.
Contact Us: For inquiries about this position and its full duties, please contact us at and add the requisition number 6 and the job name to the subject line of your email.

Required Qualifications:
  • Seven (7) years of progressively responsible professional work experience in the insurance industry, financial oversight, or regulatory compliance. Experience should include substantive work involving financial analysis, solvency monitoring, audit or examination functions, or financial operations within a regulated entity. Relevant experience may include roles such as financial examiner, senior underwriter, financial analyst, accountant, auditor, or comparable positions at an insurance company, bank, savings and loan association, investment firm, or at a municipal, state, or federal regulatory agency.
AND
  • Intermediate skill level with Microsoft Office - Word, Excel, Outlook.
AND
  • Basic skills with Adobe Acrobat.
A degree in accounting, business administration, economics,finance or related field from an accredited institution whose accreditation is recognized by the U.S. Department of Education or the Council of Higher Education Accreditation, or a foreign equivalent may be substituted for relevant experience. Proof of degree may berequired prior to employment. If a degree was awarded outside of the United States, candidates must provide a credential evaluation report.

Academic Degree Equivalency Chart

Degree

Years of Relevant Experience Equivalency

Associate's Degree

2 years of experience

Bachelor's Degree

4 years of experience

Master's Degree

5 years of experience

Preferred/Desired Qualifications:
  • Prior experience as a Functional Program Analyst 3 with the Washington Office of the Insurance Commissioner (OIC), particularly with responsibilities involving financial analysis, financial examinations, solvency monitoring, contract analysis, or licensing review for insurers or regulated entities; or comparable experience at another state insurance department.
  • Demonstrated experience in financial oversight of regulated entities, including:
  • Reviewing financial statements prepared under SAP or GAAP
  • Conducting financial trend analysis and ratio analysis
  • Evaluating risk-based capital, actuarial opinions, or ORSA filings
  • Assessing financial risks associated with contracts, reinsurance agreements, or service agreements
  • Experience conducting or supporting financial examinations, market conduct analysis/examinations with financial components, or internal audits involving financial controls or compliance.
  • Two (2) or more years of work experience in accounting, banking, auditing, or financial services.
  • Experience reviewing or interpreting complex insurance contracts, provider agreements, rate filings, or similar documents to determine financial and regulatory compliance.
  • A master's degree in accounting, finance, economics, or business administration.
  • Industry professional designations, such as, Accredited Financial Examiner (AFE), Chartered Property Casualty Underwriter (CPCU), Fellow Life Management Institute (FLMI), Certified Insurance Examiner (CIE), Accredited Insurance Examiner (AIE), Associate, Insurance Regulatory Compliance (AIRC), Associate Professional in Insurance Regulation (APIR), or Professional in Insurance Regulation (PIR).
Ready to join us?

Learn more about the OIC by visiting our website. We encourage you to check out our video below and listen to what our employees have to say about working here!

Welcome to the OIC

Submit your application today and take the first step towards a rewarding career at the OIC!
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About the Company

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State of Washington