Insurance Regulatory Analyst Manager
About The Position
The mission of the North Carolina Department of Insurance is to promote a stable insurance market through unbiased regulation and to protect the lives and property of every citizen in all 100 counties while fostering superior, user-friendly service, courtesy, and respect. Our agency licenses insurance agents, adjusters, bail bondsmen and more, along with investigating fraud matters involving insurance consumers and any entity or individual regulated by the Department. In an ever-changing environment, it is the vision of the Department of Insurance to maintain the stabilization of the insurance industry in order to provide more products, competitive prices and consumer protection. Description of Work: The primary responsibility of the Property and Casualty Division is to review the rate, rule, and policy form filings made by insurance companies, statutory bureaus (i.e. NC Rate Bureau), joint underwriting associations and statistical organizations. Other responsibilities include the licensing of statistical organizations and joint underwriting associations. Surplus lines companies are monitored for compliance with applicable statutes and to ensure that the appropriate premium taxes are collected. This division also collects filing fees for all rates and forms submitted for approval by licensed insurance companies, rating organizations, etc. The Insurance Regulatory Analyst Manager supervises, trains and reviews the work of the Insurance Regulatory Analyst I and II and conducts statutory and regulatory reviews of the most complex rate, rule, and policy form filings submitted to the NCDOI by property and casualty insurance companies, rating bureaus, statistical organizations, and joint underwriting associations. This position also reviews the premium and loss statistics received from these entities. The Insurance Regulatory Analyst Manager is considered a product filing subject matter expert in both personal and commercial lines of insurance. This position works under the general supervision of the Insurance Regulatory Analyst Director.
Requirements
- Bachelor's degree in business or economics or a related program from an appropriately accredited institution and five years of experience in policy and rate examinations, underwriting, claims adjusting work, or financial/marketing analysis; or an equivalent combination of education and experience.
Nice To Haves
- Prior supervisory, regulatory and industry experience in underwriting, product development and/or marketing analysis.
- Possession of professional designation(s) appropriate to specialty area. (Ex: FLMI, CPCU, CIC, CIE, AIE, MHP, etc.).
- Strong personal lines experience.
- Experience in reviewing forms, rates, rules.
Responsibilities
- supervises, trains and reviews the work of the Insurance Regulatory Analyst I and II
- conducts statutory and regulatory reviews of the most complex rate, rule, and policy form filings submitted to the NCDOI by property and casualty insurance companies, rating bureaus, statistical organizations, and joint underwriting associations
- reviews the premium and loss statistics received from these entities
Benefits
- 12 Annual paid Holidays
- North Carolina State Health Plan administered by AETNA
- Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
- NC State Retirement (TSERS)
- WeSave Employee Discounts
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Number of Employees
1,001-5,000 employees
