Insurance Solvency Regulation Leader

NJ Department of Banking and Insurance

Trenton (NJ)

On-site

USD 110,000 - 150,000

Full time

9 days ago

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Job summary

The New Jersey Department of Banking and Insurance seeks a Deputy Assistant Commissioner for the Office of Solvency Regulation in the Division of Insurance. The role leads the monitoring of financial condition and solvency of insurers operating in New Jersey and vets insurer applications to form a domestic insurer or to transact business by foreign insurers.

Reporting to the Assistant Commissioner, the Deputy will supervise staff, interact with senior insurer management, and coordinate with the

Qualifications

Bachelor's degree from an accredited college or university.
CPA, JD, and/or an advanced financial related degree will be strongly considered.
Six (6) years of managerial experience in public administration.
Education may be substituted by additional experience at a rate of thirty (30) semester hours per year.
Ten (10) years of relevant financial and/or regulatory experience in the insurance industry; five years or more of which shall have included managerial experience.

Responsibilities

Provide leadership and management over managerial, supervisory, and staff level employees within the Office of Solvency Regulation.
Oversee analysis, examinations, and financial condition monitoring of insurers and related entities.
Oversee admissions, change in control, and liquidations functions.
Oversee Surplus Lines and other entities.
Engage with the National Association of Insurance Commissioners and industry groups.