Policy Analyst

NJ Department of Banking and Insurance; Trenton (NJ); On-site; USD 85,000 - 115,000; Full time

Job summary

The NJ Department of Banking and Insurance seeks an experienced policy analyst to support the Commissioner and Chief of Staff with daily research, analyses, and briefings. The role covers insurance, banking, real estate, non-bank finance including digital currency, and the State’s health insurance exchange; candidate must rapidly learn topics and prepare materials to inform decision-making.

Responsibilities include policy research, preparing presentations, collaborating with leadership, and

Qualifications

• Minimum of 5 years’ experience in a policy role.
• Ability to research laws, regulations and legislation.
• Strong analytical and data-visualisation skills.

Responsibilities

• Conduct policy research and analyze data to provide recommendations.
• Write and edit policy briefings, memos, slides, and documents on tight timelines.
• Collaborate across the Department and prepare materials for leadership.
• Review policy briefings for the Commissioner’s book.

Skills

Policy analysis

Research

Data analysis

Presentation / briefing

Written communication

Tools

Spreadsheets

Data visualization

MS Office

Job description

The Department of Banking and Insurance seeks an experienced policy analyst to provide daily support to the Commissioner and Chief of Staff.

The work of the Department is broad in scope, covering all lines of insurance, as well as banks, credit unions, real estate, non-bank consumer finance including digital currency, and the State’s health insurance exchange. As such, this position requires nimbleness and the ability to get up to speed on new topics quickly. Working directly with the Commissioner, the Policy Analyst will conduct research, prepare analyses and recommendations, draft and edit briefings, create slide decks and ensure the Commissioner has all the necessary materials to inform decision-making for the Department.

Sample projects might include: researching insurance and banking laws in peer states, building financial models to determine the impact of reinsurance, tracking the regulation of digital currency and legal implications, analyzing auto or home insurance trend data and recommending actions, devising climate resilience strategies to lower homeowner’s insurance premiums, examining dynamics in the real estate market, or reviewing an actuarial analysis and synthesizing the conclusions.

Candidates should have experience working with minimal supervision in a fast-paced environment, often under tight deadlines.

Responsibilities

• Conduct policy research, perform analysis of relevant data, provide recommendations. Research laws, regulations and legislation, as required.
• Write and edit policy briefings, memos, slides, and other documents, often on short timelines.
• Work collaboratively across the Department on projects, and engage with leadership team to ensure appropriate materials and briefings are prepared.
• Oversee and review relevant policy briefings for Commissioner’s book.

REQUIREMENTS

• Minimum of 5 years’ experience in a policy role; prior work on relevant topics a plus.
• Exceptional analytical skills: deft with spreadsheets, creating charts, navigating data sets. Ability to interpret data, then identify and build the most effective visual representation of it.