FINANCIAL AFFAIRS ASSISTANT DIRECTOR

Arizona Department of Administration • Phoenix, AZ

13d • $112,000 - $129,000 • Remote

About The Position

The Financial Affairs Assistant Director directs the Insurance Financial Affairs Division through subordinate supervisors. The division includes the Financial Compliance Section, Financial Analysis Section, Financial Examiner Section, and Captive Section. The role develops and implements program missions, goals, objectives, performance measures, rules, policies, procedures, and systems through subordinate managers; develops and advocates agency policy concerning consumer protection and solvency oversight; coordinates regulatory efforts with other divisions and state and federal agencies; and provides consultation to agency leadership and staff.

The position provides guidance concerning regulatory filings and solvency oversight, maintains compliance with NAIC Accreditation standards, responds to inquiries from government offices and regulators, and participates in committees, task forces, working groups, and advisory groups as appointed by the director. It is primarily remote with some in-office requirements and is based at 100 North 15th Avenue, Phoenix, Arizona 85007. The annual salary range is $112,000–$129,000, depending on experience. The posting remains open until business needs are met.

Requirements

• Certified Financial Examiner (CFE) and/or Certified Public Accountant (CPA).
• A minimum of 10 years of regulatory insurance experience.
• Knowledge of laws, rules, standards, policies, and procedures related to regulatory financial oversight of insurers.
• Knowledge of supervising, coaching, leading, motivating, training, and assisting professional employees.
• Ability to plan, assign, coordinate, monitor, and evaluate others’ activities to achieve organizational goals.
• Ability to plan, analyze, and write effective policies, procedures, and guidelines.
• Ability to detect trends, conditions, and practices that may affect an insurance company’s financial condition.
• Ability to analyze situations and information accurately and select an appropriate course of action.
• Ability to examine complex financial data and draw logical conclusions.
• Ability to apply laws and standards appropriately when evaluating data.
• Ability to direct large, multifarious operations and projects effectively.
• Ability to organize and prioritize multiple complex projects.
• Skills in reading, typing, ten-keying, alphabetizing, organizing numerical information, and using standard office equipment.
• Skills in computerized word processing, spreadsheets, databases, and auditing software and applications.
• Ability to establish and maintain effective relationships in contentious or disputatious situations.
• Skills in researching, analyzing, synthesizing, compiling, and reporting complex financial data.
• Ability to evaluate difficult, conflicting issues and situations and adopt an effective course of action.
• Ability to communicate diplomatically, clearly, and effectively verbally and in writing.
• Ability to analyze complex data and draw valid conclusions.
• Business and diplomatic skills.
• Ability to resolve complex problems.

Responsibilities

• Communicate with interested persons, industry representatives, and regulators regarding license applications, business plans, financial oversight, and other regulatory filings; recommend administrative actions for insurers that fail to meet legal standards and requirements.
• Maintain NAIC Accreditation standards and oversee and assist with completion of accreditation materials.
• Assist with legislative proposals and produce periodic and ad hoc reports on insurers’ financial condition and regulation.
• Respond to information requests from the director, deputy director, other state insurance departments, and other federal or state agencies.
• Summarize and communicate regulatory oversight results for domestic insurers to the director, deputy director, and appropriate agency staff.
• Participate in regularly scheduled staff meetings, conduct staff evaluations, and support succession planning.
• Participate in Guaranty Fund meetings as needed.
• Enforce consumer protection and solvency oversight, and oversee licensing compliance, analysis, and examination of domestic and foreign insurers, including captive and specialty insurers as applicable.
• Coordinate regulatory efforts with other insurance regulators and participate in national regulatory and industry meetings, committees, task forces, and working groups.
• Develop performance measures, automated systems, policies, procedures, and forms to monitor insurer solvency and regulatory compliance efficiently and effectively.
• Develop, implement, assist with, and monitor program missions, goals, and objectives through subordinate supervisors.
• Perform other duties related to the position as assigned.

Benefits

• Optional employee benefits include short-term disability insurance, deferred compensation plans, and supplemental life insurance.
• Life insurance and long-term disability insurance.
• Vacation and 10 paid holidays per year.
• Health and dental insurance.
• Retirement plan through the Arizona State Retirement System (ASRS); enrollment eligibility becomes effective after 27 weeks of employment.
• Sick leave.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed