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Review Vacancy

Date Posted 04/19/22

Applications Due05/20/22

Vacancy ID103325

AgencyFinancial Services, Department of

TitleExecutive Deputy Superintendent for Insurance

Occupational CategoryOther Professional Careers

Salary GradeNS

Bargaining UnitM/C - Management / Confidential (Unrepresented)

Salary RangeFrom $151984 to $188231 Annually

Employment Type Full-Time

Appointment Type Permanent

Jurisdictional Class Exempt Class

Travel Percentage 0%

Workweek Mon-Fri

Hours Per Week 37.5

Workday

From 9 AM

To 5 PM

Flextime allowed? No

Mandatory overtime? No

Compressed workweek allowed? Yes

Telecommuting allowed? Yes

County New York

Street Address One State Street

City New York

StateNY

Zip Code10004

Minimum Qualifications 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.

Duties Description The New York Department of Financial Services (DFS) seeks to build an equitable, transparent and resilient financial system that benefits individuals and supports business.

The Insurance Division is responsible for the supervision and regulation of the insurance industry in New York State – including nearly 1,800 insurance companies and more than 350,000 insurance producers – by establishing standards for financial solvency, market conduct, corporate oversight, and regulation, and monitoring the compliance of regulated entities with these standards.

Under the direction of the Superintendent for DFS, the Executive Deputy Superintendent for Insurance leads the Insurance Division and is responsible for all regulatory and supervisory issues, as well as enforcement matters, related to the Division’s operating units. The Executive Deputy Superintendent determines policy and appropriate supervisory actions undertaken by the Department, and represents the Superintendent and the Department in meetings with government agencies and industry trade groups. This position requires direct contact with the Superintendent, Executive team, Senior and Deputy Superintendents, and Division management and staff on a daily basis as well as significant contact with insurance entities, attorneys, other state and federal regulatory agencies and the public.

The Insurance Division is comprised of over 500 employees divided among four Bureaus. The Health, Life and Property Bureaus are responsible for regulating health, life and property/casualty life insurance companies doing business in New York, respectively. In addition, the Producer Bureau is responsible for all aspects of the licensing, examination, supervision and discipline of insurance producers in the State.

Other duties will include, but not be limited to, the following:

• Responsible for all Division regulatory operations;
• Briefs and advises the Superintendent on a wide range of supervisory, transactional, regulatory, legislative, policy, enforcement and other matters related to the Insurance Division;
• Ensures that the insurance-related programs of the Governor and Superintendent are effectively and expeditiously implemented;
• Works closely with Executive management in other Divisions, including the General Counsel’s Office, Climate Division, Cyber Division, External Affairs, and others, on insurance-related decisions, projects, and initiatives;
• Serves as the Insurance Division’s Executive contact and liaison with the Governor’s Office, the Legislature, and other agencies on matters requiring senior level input and/or action; and
• Leads or participates in meetings and conferences, and generally interacts, with regulated entities or their representatives, industry organizations, the National Association of Insurance Commissioners, other governmental entities and the public on insurance-related matters.

Additional information regarding the duties will be discussed at the time of interview.

Preferred Qualifications:

• At least 10 years of relevant work experience in the insurance and financial services industry;
• At least 5 years of managerial supervision;
• Knowledge of insurance regulation and New York Insurance Law;
• Demonstrated ability to manage human capital and other resources to support short and long-term priorities;
• Superior written and oral communication skills, and strong analytical skills;
• JD preferred but not required.

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 $3,026 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.

Name Sandra Mell

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 ApplyingTo Apply: Interested qualified candidates must submit a resume and letter of interest no later than May 20, 2022 to the email address listed below. Please include the Box # (Box FDS-EDSINS-00104) in the subject line of your email to ensure receipt of your application. Email submissions are preferred.

Sandra Mell
Box FDS-EDSINS-00104
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

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.

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