Financial Regulator I

Financial Regulator I

Job Details

FT / PT Status – Full-Time
Benefits Eligibility – This position is eligible for a full benefits package.
Salary – $29.28 - $45.18 Hourly Wage
Remote Work / In-Office – Hybrid
Recruiter – Victoria Trujillo | victoriatrujillo@utah.gov
Application Deadline – November 15, 2026*

*This job posting may close at any time after the minimum advertising period of three (3) business days has passed, should a sufficient applicant pool be received. Applicants are encouraged to apply as early as possible.

Key Responsibilities

Main Job Responsibilities

• Solvency & Risk Assessment: Identify, assess, and evaluate solvency risks and prospective financial stability for current domestic and prospective insurance companies.
• Regulatory Compliance: Determine insurer compliance with over 2,000 pages of specialized insurance accounting laws, rules, standards, Statutory Accounting Principles, and National Association of Insurance Commissioners (NAIC) accreditation standards.
• Application & Holding Company Oversight: Assure compliance for new-company and re-domestication applications, including assessing the impact of holding company systems on an insurer's financial stability.
• Regulatory Recommendations: Identify significant solvency risks, report findings, and make formal recommendations for regulatory action or negotiated resolutions of non-compliance issues.
  

Day-to-Day Job Functions

• External Report Reviews: Conduct ongoing reviews of external reports filed with the Department, including quarterly and annual statements (often hundreds of pages long), holding company filings, and Own Risk and Solvency Assessments (ORSA).
• Transaction & Special Request Analysis: Review and evaluate requests for intercompany transactions, permitted practices, surplus note and interest payments, extraordinary dividends, Form A filing, primary/re-domestication applications following specific procedures and deadlines.
• Financial & Risk Modeling Evaluation: Analyze financial data, pro forma projections, risk-based capital models, investment risks, and actuarial estimates for reserving.
• Framework & Operations Assessment: Work independently or in teams to evaluate corporate governance structures, risk management frameworks, internal and external audit functions, investments, reinsurance, and counterparty risks.
• Documentation & Reporting: Summarize data, interpret results, write or draft correspondence, and prepare documentation to support regulatory findings and resolutions.

Qualifications

Minimum Qualifications:

• Education Requirement: A bachelor's degree in accounting, economics, business, finance, insurance, or actuarial science to meet the education requirement for Society of Financial Examiners (SOFE) designations.
• Professional Certification: Obligation to earn a Certified Financial Examiner (CFE) designation within 5 years of hire (coursework is provided through the Society of Financial Examiners / SOFE).
• Physical & Environmental Capability: Perform work in a standard office setting, with standard physical requirements (sitting comfortably, light walking, standing, bending, carrying light items, driving).

Preferred Qualifications:

• Accounting & Regulatory Expertise: Knowledge in Statutory Accounting Principles, insurance laws, and NAIC accreditation standards.
• Specialized Financial Analysis Skills: Experience evaluating complex financial statements, risk-based capital models, actuarial reserve projections, holding company structures, and reinsurance and counterparty risks.

About the Role

Location – Taylorsville State Office Building
4315 S 2700 W
Taylorsville, Utah, 84129
United States
Background Check Required – Yes
Drug Test Required – No
Schedule Code – B - Competitive Career Service

Why You Should Join Our Team
In Utah, we believe hard work is important, but balance is essential. Finding work/life balance is a vital element to our culture. To find out more about WHY Utah, click here. Other benefits may include:

• Job Stability: Enjoy the security and reliability of employment within a well-established organization.
• Career Growth: Develop valuable skills and gain opportunities for leadership within a large organization.
• Meaningful Work: Contribute to an important service that benefits the community and supports organizational goals.
• Supportive Work Environment: Be part of a team that values cooperation, strong work ethics, and mutual support.

The Agency
The Utah Insurance Department is part of the U.S. insurance regulatory framework, which is a highly coordinated state-based national system designed to protect policyholders and to serve the greater public interest through the effective regulation of the U.S. insurance marketplace. To read more about the Utah Insurance Department, click here.

EEO Statement
The State of Utah is committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirements. For accommodations, please contact (801) 957-9390.