Accountant II

Agency

Dept of Insurance

Division

Administration

Job Classification Title

Accountant II (S)

Position Number

60013484

Grade

NC14

About Us

The mission of the North Carolina Department of Insurance is to promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect. Our agency licenses insurance agents, adjusters, bail bondsmen and more, along with investigating fraud matters involving insurance consumers and any entity or individual regulated by the Department. In an ever-changing environment, it is the vision of the Department of Insurance to maintain the stabilization of the insurance industry in order to provide more products, competitive prices and consumer protection.

Description of Work

Accountant II - 60013484
Salary Recruitment Range: $ 54,169
Salary Grade: NC14

The posting will close at 11:59 p.m. the night before the closing date.

This position currently qualifies for a hybrid telework option with routine office and up to one remote workday per week. The NC Department of Insurance trusts our employees to be self-motivated and successful in hybrid/remote roles. Telework options are subject to change at the discretion of management.

The minimum qualifications include a Bachelor's degree in accounting, or a degree in business administration, finance, public administration, or a related discipline from an appropriately accredited institution with 18 semester hours of accounting coursework; and two years of professional accounting/auditing experience in the preparation of interpretive or analytical accounting. financial statements and reports; or equivalent combination of education and experience.

Primary Purpose of the Position:

The position’s primary purpose is to review and evaluate the operations and financial conditions of all premium finance companies, debt buyers, collection agencies, collection agencies and motor clubs which maintain operations in North Carolina. The purpose of the review is to determine if the entities maintain financial stability and statutory compliance to retain the privilege to conduct business in the State.  The position will provide oversight of the licensing, regulating, and renewal process of the entities. This person is responsible for daily and monthly reconciliation of revenues collected by the Division directly or through vendor contracts.  This position ensures that funds are allocated to the appropriate fund code.   Reconciles the monthly NIBE tracking report reflecting the activity for each month. 

This position is required to assist with special projects and complete all other duties as assigned based on business needs of the Division. Accounting: This employee posts checks and prepares accounting reports in ASD and is responsible for creating reports of revenues received in ASD per procedures approved by management, Department's Controller's Office and the State Auditor's Office. The purpose of the report is to ensure an audit trail of receipts of monies. This employee must reconcile deposits from the Controller's Office as received by third party vendors on a weekly and monthly basis for Licensing and Continuing Education. Upon complete review and analysis of deposit information, this employee identifies discrepancies and resolves them with Controller's office. This employee completes the monthly financial statements at the end of each month. This employee reconciles receipt of funds from third party vendors, examination test vendor, lockbox vendor, CE vendor, NAIC/NIPR for license fees and SBS for license fees.

This employee must confirm receipted amount to transactions processed and evaluate any data transfer exceptions. This employee problem solves exceptions with management or vendor as appropriate. This employee prepares detailed monthly report as reconciled with Controller's Office and vendor monthly reports and notifies Assistant Deputy Commissioner of productivity issues with vendors regarding revenue collections. This employee ensures that accurate data regarding financial transactions for previous month are recorded in the ASD monthly report on the 1st of each month. This employee provides technical assistance to public (external to DOI) as needed and serves as backup for phone calls to ASD customer service phone line. 

Key Responsibilities

-Review and assess applications for licensure and renewal, including financial statements, operational practices, contracts, and statutory filings.
-Apply auditing and accounting principles (GAAS, GAAP, SSAP) to evaluate solvency, business risk, and regulatory compliance.
-Maintain ongoing communication with company representatives, attorneys, and consultants regarding licensing requirements and corrective actions.
-Conduct annual reviews of licensed entities and evaluate background checks for key personnel.
-Prepare clear correspondence outlining findings, deficiencies, and next steps for applicants and licensees.
-Produce statistical and management reports, assist with budget surveys, analyze vendor production data, and support special projects.
-Reconcile vendor invoices, receipts, deposits, and monthly financial transactions to ensure accuracy and compliance with state requirements.
-Participate in informal conferences and coordinate administrative hearings when necessary; collaborate with the Attorney General’s Office and provide testimony as required.
-Attend division meetings, training sessions, and vendor discussions to remain informed on policies, issues, and procedural updates.
-Prepare accounting reports, reconcile revenues, resolve discrepancies, and ensure timely deposits in compliance with the Daily Deposit Act.
-Provide timely responses and technical assistance to vendors, the public, and internal stakeholders.

Knowledge Skills and Abilities/Management Preferences

Management Preferences:

-Knowledge of Microsoft Office products, especially EXCEL
-Customer Service Experience via telephone and email
-Knowledge of Financial Statements

Minimum Education and Experience

Some state job postings say you can qualify by an “equivalent combination of education and experience.” If that language appears below, then you may qualify through EITHER years of education OR years of directly related experience, OR a combination of both. See the Education and Experience Equivalency Guide for details.

Bachelor’s degree in accounting, or a degree in business administration, finance, public administration, or a related discipline from an appropriately accredited institution with 18 semester hours of accounting coursework; and two years of professional accounting/auditing experience in the preparation of interpretive or analytical accounting. financial statements and reports; or equivalent combination of education and experience.

Benefits of NC State Employment:

We value our employees and offer a wide variety of competitive and family-friendly benefits. Benefits include:

• 12 Annual paid Holidays
• North Carolina State Health Plan administered by AETNA 
• Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement (TSERS)
• WeSave Employee Discounts

Learn more about employee perks/benefits:

• Why Work For NC?
• NC OSHR: Benefits

Supplemental and Contact Information:

For consideration for this vacancy, all applicants must complete an online application using the “APPLY” button above.

  
To receive credit for your work history and credentials, you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit.

***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy***

Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript. 

The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment. Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications, disciplinary action, and possible criminal prosecution.
  
The Department of Insurance/Industrial Commission is an Equal Employment Opportunity employer and uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals.

• Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC, your academic credentials will be verified.
• Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
• Applicants seeking Veteran's Preference under N.C.G.S .126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date.

Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system. Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.

For more information about NCDOI: http://www.ncdoi.gov/

EEO Statement

The State of North Carolina is an Equal Employment Opportunity Employer and dedicated to providing employees with a work environment free from all forms of unlawful employment discrimination, harassment, or retaliation. The state provides reasonable accommodation to employees and applicants with disabilities; known limitations related to pregnancy, childbirth, or related medical conditions; and for religious beliefs, observances, and practices.

Recruiter:

Gretchen Marie Senez

Recruiter Email:

[email protected]