Director of Insurance Regulation Job Listing at State of Vermont in Montpelier, VT (Job ID CF7D2697-55AE-4)

Description

Overview

The Director of Insurance Regulation is the Lead Division Director providing regulatory oversight and guidance and helping to integrate all functions within the Insurance Division and the other divisions of the Department.

 

Duties include:

• Providing regulatory guidance, interpretation and oversight of operations of all insurance companies doing business in Vermont for conformity to licensing and trade practices, statutes and departmental regulations; 
• Serving as a resource to industry, consumers and other state agencies with respect to insurance matters; 
• Supervising the Producer Licensing Section and the Insurance Actuary's work; 
• Interpreting, reviewing, formulating and promulgating statutes and regulations and departmental bulletins; 
• Participating in the legislative process including testifying as needed. 

 

The Director is a primary Division representative on several NAIC work streams and committees; may serve as the Division's representative to the Interstate Insurance Products Regulatory Commission and assists the Deputy Commissioner as a liaison with the Life-Health and Property-Casualty Guaranty Associations. The Director manages complex research studies and prepares written and oral reports as necessary in response to internal policy objectives, and legislative requirements. The Director also provides presentations, training and education on insurance related issues both within and outside the Division and actively participates in Department outreach programs including supervising and coordinating intern resources for the Division.

Who May Apply

This position, Director of Insurance Regulation (Job Requisition #53273), is open to all State employees and external applicants.

If you would like more information about this position, please contact Mary.Block@vermont.gov.

Resumes will not be accepted via e-mail. You must apply online to be considered.

Please note that multiple positions in the same work location may be filled from this job posting.

Environmental Factors

Duties are performed in an office and in the field. Some private means of transportation will be necessary for travel. Disagreements and differences of opinion with insurers, licensees, accountants, consumers and attorneys can be expected. Some evening or overtime work may be necessary. Out-of-state travel to attend national meetings or to coordinate regulatory efforts may be required. 

Minimum Qualifications

Master's degree in law, insurance, accounting, economics, or business administration AND two (2) years or more in the property casualty, life, or health insurance field, including or supplemented by one (1) or more years in an administrative or supervisory capacity.

OR 

Bachelor's degree in accounting, economics, or business administration AND five (5) years or more in the property casualty, life, or health insurance field, including or supplemented by one (1) or more years in an administrative or supervisory capacity.

OR

Nine (9) years or more in the property casualty, life, or health insurance field, including or supplemented by one (1) or more years in an administrative or supervisory capacity.

 

Preferred Qualifications

Juris Doctor

Experience either as an insurance regulator or as a compliance officer for an insurer
 

Total Compensation

As a State employee you are offered a great career opportunity, but it's more than a paycheck. The State's total compensation package features an outstanding set of employee benefits that are worth about 30% of your total compensation, including:

• 80% State paid medical premium and a dental plan at no cost for employees and their families
• Work/Life balance: 11 paid holidays each year and a generous leave plan
• State Paid Family and Medical Leave Insurance (FMLI)
• Two ways to save for your retirement: A State defined benefit pension plan and a deferred compensation 457(b) plan
• Tuition Reimbursement
• Flexible spending healthcare and childcare reimbursement accounts
• Low cost group life insurance
• Incentive-based Wellness Program
• Qualified Employer for Public Service Student Loan Forgiveness Program

Want the specifics? Explore the Benefits of State Employment on our website.

Equal Opportunity Employer The State of Vermont celebrates diversity, and is committed to providing an environment of mutual respect and meaningful inclusion that represents a variety of backgrounds, perspectives, and skills. The State does not discriminate in employment on the basis of race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, membership in an employee organization, family medical history or genetic information, or family or parental status. The State's employment decisions are merit-based. Retaliatory adverse employment actions by the State are forbidden.

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