Chief Insurance Licensing Examiner; reposted

Role Overview

Under the general direction of the Director of Banking and Insurance, this is highly responsible administrative work in coordinating and monitoring the functions of the Licensing unit of the Division of Banking, Insurance and Financial Regulation.

• Review and analyze applications for licensure and issue licenses and certificates of authority to entities such as banks, insurance companies, producers, adjusters, premium finance companies, air ambulance services, debt management service providers, small loan companies, mortgage lenders and brokers, money transmitters, non‑bank ATMs, and Third‑Party Administrators.
• Act in the absence of the Director or Assistant Director to manage the personnel of the Division.
• Develop and implement policies and procedures for the Licensing unit of the Division of Banking, Insurance, and Financial Regulation.
• Analyze office methods, systems, and procedures to ensure operational efficiency.
• Supervise and support Licensing staff by assigning work, evaluating performance, and recommending professional training opportunities through organizations such as CSBS, FDIC, NAIC, FFIEC, NMLS, MTRA, and others.
• Supervise compliance reviews and renewal license applications submitted by alien, domestic, and foreign insurance companies, premium finance companies, banks, and other financial services entities seeking to continue conducting business in the territory.
• Review applications for compliance with statutory licensing requirements, grant final approval, and issue licensure letters with conditions as necessary.
• Manage the examination process for both new and renewal Individual Insurance Producers (property and casualty, life and health) and Adjusters, ensuring compliance with licensing requirements.
• Examine financial statements and documents to ensure compliance with statutory capital and surplus requirements for license renewal.
• Conduct field inspections of business establishments to ensure adherence to insurance and financial services regulations.
• Respond to requests for certificates of licensure and other information concerning licensed insurance companies, insurance‑related businesses, banks, small loan companies, and other institutions regulated by the Division.
• Develop and review policies, procedures, and administrative directives affecting banks, insurance, and financial services entities for approval by the Director.
• Facilitate cooperation with regulatory authorities outside the Virgin Islands and ensure compliance with statutory guidelines.
• Maintain effective communication between the Licensing unit and other divisions regarding license applications and renewals.
• Attend conferences, meetings, and hearings as designated by the Director and Assistant Director.
• Perform other related duties as required.

Minimum of a Bachelor's degree from an accredited college or university in Business Administration, Accounting, or a closely related field, with a minimum of six (6) credits in accounting, and four (4) years of experience in the regulation of financial institutions or similar regulatory experience, including two (2) years in a lead or supervisory capacity,
** OR
* * four (4) years of progressive work experience as an Insurance Licensing Examiner, not below an Associate’s degree from an accredited college or university including six (6) credits in accounting.

• Knowledge of banking, insurance, and financial services procedures and laws, and rules and regulations in accordance with Title 9, Title 12A, 20, and 22 of the Virgin Islands Code as well as federal laws.
• Knowledge in the areas of banking, insurance, securities, and/or other financial services.
• Knowledge of basic financial information.
• Skill in Microsoft Office programs, e.g. Word and Excel.
• Ability to travel for continuing education and field inspections.
• Ability to exercise strong leadership, apply regulatory expertise, and maintain attention to detail to ensure compliance with all licensing and financial regulations.
• Ability to understand and apply legislation, rules, and regulations as they relate to the insurance, banking, and other financial services…