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ACOM INSURANCE DEP COMM FINANCIAL REGS

The Insurance Deputy Commissioner of Financial Regulations is responsible for managing and directing the Insurance Finance Division. The Insurance Financial Division’s primary function is

Class Code:

N014N

Job Grade:

GS15

Special Job Requirements:

0

Typical Functions:

Supervises insurance department directors, conducts interviews, makes recommendations for new hires, prepares staff evaluations, conducts staff trainings, as well as monitors and assigns the work of staff. Interprets department policy and regulations regulating financial solvency audit procedures. Ensures agency compliance with the National Association of Insurance Commissioners (NAIC). Monitors and evaluates the progress of domestic insurance companies identified as violating state and federal regulations. Gathers data and researches information for monthly reports and presents it to the appropriate authorities. Provides technical assistance, guidance, and information to internal and external agency contacts, legislators, vendors, and other customers by researching and interpreting federal and state laws and agency policies and procedures. Conducts and attends meetings, conferences, and/or workshops to disseminate insurance regulation information relating to agency practices. Performs other duties as assigned.

Knowledge, Abilities, and Skills:

Knowledge of insurance terminology, rules, regulations, state and federal laws governing the insurance industry. Knowledge of Statutory Accounting Practices, Insurance Financial Regulatory Practices, and NAIC Accreditation Standards. Knowledge of general business practices and customer service principles. Knowledge of computer operating software systems. Ability to research, interpret, and apply due process policies and procedures. Ability to communicate effectively both orally and in writing. Ability to evaluate information and prepare written or verbal reports. Ability to manage and organize divisions activities, establish priorities, and direct staff. Ability to supervise employees, administer work plans, and evaluate progress.

Minimum Qualifications:

The formal education equivalent of a bachelor’s degree in accounting, general business, public administration or related field; plus seven years of progressively more responsible experience in the insurance industry, or a specialized or related field applicable to work performed, including three years in a professional managerial capacity.

Required Certificates:

Must be certified as a Certified Public Accountant by the State Board of Public Accountancy in accordance with ACA 17-12-301 OR must be certified as a Certified Financial Examiner by the Society of Financial Examiners (SOFE).

Exempt:

E
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