Director of Insurance

NJ Department of Banking and Insurance; Trenton (NJ); On-site; USD 180,000 - 240,000; Full time

Job summary

The New Jersey Department of Banking & Insurance seeks a highly motivated, experienced leader to head the Division of Insurance. Reporting to the Commissioner, the Director oversees all state functions related to supervision and regulation of insurance entities, licensing, product reviews, and solvency monitoring to ensure market access.

Ideal candidates will demonstrate expertise in insurance regulation, strong leadership across multiple workstreams and jurisdictions, and a record of driving

Qualifications

• 15 years of experience in insurance, policy, regulation, and related matters.
• Demonstrated leadership across multi‑discipline teams and jurisdictions.
• Proven ability to drive process improvements and customer‑facing initiatives.

Responsibilities

• Head the Division of Insurance and oversee supervision and regulation of insurance entities.
• Oversee licensing, product reviews, and solvency monitoring for market access.
• Represent the department externally and manage regulatory relationships.
• Lead initiatives to streamline processes and improve consumer and carrier experiences.

Skills

Insurance/regulatory expertise

Leadership across teams

Process improvement and customer focus

Job description

The New Jersey Department of Banking and Insurance seeks a highly motivated, experienced leader to head the Division of Insurance. Reporting to the Commissioner of the Department of Banking & Insurance, and nominated by the Governor, the Director of Insurance oversees all state functions and duties that relate to the supervision and regulation of insurance entities.

The Division of Insurance oversees the processes for issuing licenses to insurance companies, producers and other risk‑assuming entities, reviews insurance products and rates for compliance with existing regulations and monitors the financial solvency of licensees to ensure product availability in the marketplace. The Division also oversees the responses to consumer concerns and inquiries and endeavors to educate consumers regarding insurance products and issues

Focusing on the critical goals of access, affordability, solvency and consumer protection, the Director of Insurance will oversee all units of the Insurance Division, including:

• Office of Solvency Regulation
• Life Insurance, Health Insurance, and Property & Casualty Insurance
• Bureau of Fraud Deterrence

Additionally, the Director of Insurance will work with departmental, inter‑agency, and industry partners to identify gaps, streamline processes, and ensure efficient protocols to improve both consumer and carrier experiences with the Division.

The Director of Insurance will also represent the Department externally and manage relationships with regulatory peers domestically and internationally.

REQUIREMENTS

15 years of experience required.

Ideal candidates will demonstrate:

1. expertise in the insurance industry, including legal, policy and regulatory matters,
2. strong leadership skills, including the ability to manage teams across multiple workstreams and jurisdictions, and
3. experience driving process improvements and customer service‑oriented initiatives to achieve faster decision making and quicker turnaround times for both consumers and industry applications.