Financial Affairs Assistant Director

DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS

The Department of Insurance and Financial Institutions licenses, monitors, investigates, examines, and ensures the safety and soundness of, regulated entities. The Department also helps resolve consumer complaints against financial-services and insurance entities; takes action in response to violations of law; encourages competition, innovation, and economic development; collects taxes and assessments that support State government operations; combats auto theft and insurance fraud through public awareness campaigns, and funding for law enforcement and dedicated prosecutors.

Our mission is to help Arizonans receive the benefits and protections to which they are legally entitled by enforcing insurance and financial institution laws and by providing information and assistance and to combat vehicle theft.

Job Location:

100 North 15th Avenue

Phoenix, Arizona 85007

Posting Details:

Job Summary:

Through subordinate supervisors, directs the Insurance Financial Affairs Division, comprised of the Financial Compliance Section, Financial Analysis Section, Financial Examiner Section and Captive Section.

Work includes developing and implementing through subordinate managers program mission, goals, objectives, performance measurements, rules, policies, procedures and systems; developing and advocating agency policy concerning consumer protection and solvency oversight; coordinating regulatory efforts with other Insurance Department divisions, other state and federal agencies, other state insurance departments, law enforcement agencies, providing consultation to the director, deputy director, and agency personnel; providing guidance and assistance to staff concerning compliance with regulatory filings and solvency oversight;

maintaining compliance with NAIC Accreditation; responding to inquiries from the Governor's Office, legislature, National Association of Insurance Commissioners, other Arizona state agencies, and other state insurance department; and, participating in committees, task forces, working groups, advisory group as appointed by the director.

Job Duties:

• Communicate verbally and in writing with interested persons, industry, and regulators regarding license applications, business plans, financial oversight and other regulatory filings; recommend administrative actions for insurers that do not comply with standards and requirements prescribed by law. Maintain NAIC Accreditation standards
• Oversight and assist in completion of Accreditation material; assist in legislative proposals; produce periodic and ad hoc reports on financial condition and regulation of insurers; respond to information requests from the director, deputy director, or other state insurance departments and other federal or state agencies
• Summarize and communicate results of regulatory oversight of domestic insurers to the director, deputy director (DD) and, as appropriate, to agency staff; participate in regularly scheduled staff meetings; perform staff evaluations and succession planning; participate, as needed, in Guaranty Fund meetings
• Enforce consumer protection and solvency oversight. Oversee compliance(licensing), analysis, and examination of domestic and foreign insurers, including captive and other specialty insurers, as applicable
• Coordinates regulatory efforts with other insurance regulators; participates in national regulatory and industry meetings, committees, task forces and working groups
• Develop performance measures, automated systems, policies, procedures and forms, to efficiently and effectively monitor insurer solvency and regulatory compliance
• Develop, implement, assist, and monitor through subordinate supervisors program mission, goals and objectives
• Other duties as assigned as related to the position

Knowledge, Skills & Abilities (KSAs):

Knowledge:

• Knowledge of laws, rules, standards, policies, and procedures in regulatory financial oversight of…