Position Information

NY HELPNo

AgencyFinancial Services, Department of

TitleAssistant Chief, Pharmacy Benefits Unit (Assistant Deputy Superintendent)

Occupational CategoryOther Professional Careers

Salary GradeNS

Bargaining UnitM/C - Managerial/Confidential (Unrepresented)

Salary RangeFrom $123793 to $156224 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Exempt Class

Travel Percentage 20%

Schedule

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 8 AM

To 6 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? No

Telecommuting allowed? Yes

Location

County To Be Determined

Street Address One Commerce Plaza

One State Street

City Albany/NYC

StateNY

Zip Code12257

Job Specifics

Duties Description The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation; and preserving the stability of the global financial system.

The Department of Financial Services is seeking candidates for the position of Assistant Chief in the Pharmacy Benefits Unit. Under the direction of the Deputy Chief for the Health Bureau, the Assistant Chief leads the Pharmacy Benefits Unit, managing the team that regulates the pharmacy benefit manger industry in New York. Duties include, but are not limited to, the following:

• Oversees and manages the day-to-day operations of the Pharmacy Benefits Unit (PBU) and staff which are responsible for licensing and supervising Pharmacy Benefits Managers (PBMs) operating in the state and investigating spikes in drug prices impacting New York consumers and insurance market;
• Manages drafting of regulations and regulatory filings necessary to implement Article 29 of the Insurance Law and other relevant statutes;
• Leads the Pharmacy Benefits Unit to implement the State’s pharmacy benefits and drug pricing legislation including creating, obtaining approval for, and executing a phased staffing plan to bring needed experts into the Department;
• Provides guidance and expertise on pharmacy and drug pricing related legislative proposals;
• Oversees design and implementation of new systems to support the PBU, including licensing and supervision of PBMs, tracking spikes in drug prices, and other subject areas addressed by the PBU;
• Coordinates and works collaboratively with the Health Bureau, Executive leadership, other DFS units and bureaus including the Office of General Counsel;
• Participates in outreach to other NYS agencies, regulators in other states, federal partners, and the public on PBM issues; and
• Other duties as assigned.

Minimum Qualifications Preferred Qualifications

• A bachelor’s degree or higher (JD preferred) and at least 5 years of experience in the insurance or financial services industry;
• General familiarity with insurance regulation and New York Insurance Law;
• Superior written and oral communication skills;
• Strong analytical skills;
• Strong project management skills, including experience managing many time-sensitive, complex projects simultaneously.

Appointment method:
This is an appointment to a position in the exempt jurisdictional class. As such, the incumbent of this position would serve at the pleasure of the appointing authority.

Additional Comments Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $3,400 annual downstate adjustment.

Appointment to this position is pending Governor Appointment’s Office and Division of Budget approval.

Some positions may require additional credentials or a background check to verify your identity.

Contact Information

Name Nate Keiper

Telephone

Fax 518-402-5071

Email Address NCE.Notifications@dfs.ny.gov

Address

Street One Commerce Plaza

Suite 301

City Albany

State NY

Zip Code 12257

 

Notes on ApplyingInterested qualified candidates must submit a resume and letter of interest no later than December 27, 2024 to the email address listed below. Please include Box# (ACPBU-ADS-10217) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.

Nate Keiper
Box ACPBU-ADS-10217
New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
Email: NCE.Notifications@dfs.ny.gov
Fax: (518) 402-5071

All candidates that apply may not be scheduled for an interview.


Public Service Loan Forgiveness
Employment with New York State qualifies an individual for Public Service Loan Forgiveness (PSLF). This program forgives the remaining balance on any Direct Student Loans after you have made 120 qualifying monthly payments while working full-time for a U.S. federal, state, local, or tribal government or not-for-profit organization. To learn more about the program and whether you would qualify, please visit: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service


AMERICANS WITH DISABILITIES ACT: REASONABLE ACCOMMODATIONS
Under the Americans with Disabilities Act (ADA), the Department of Financial Services is required to provide reasonable accommodation for known physical or mental limitations of an otherwise qualified applicant with a disability if an accommodation would enable the applicant to perform the essential functions of the job. If the accommodation would constitute an undue hardship on the operations of the agency, the agency is not required to provide it.

All people with disabilities are encouraged to apply to all jobs for which they meet the minimum qualifications.