Preferred Qualifications

• A bachelor degree or higher (JD preferred) and at least 10 years of experience working in life insurance regulation.

• At least five years of experience working for a company in the life insurance sector.

• Professional qualifications as risk manager, underwriter, claims specialist or legal officer.

• General familiarity with insurance regulation and New York Insurance Law.

• Superior written and oral communication skills.

• Strong analytical skills.

• Strong project management skills, including experience managing many time-sensitive, complex projects simultaneously.

• Demonstrated ability to manage human capital and other resources to support short- and long-term priorities.

Appointment method:

This is an appointment to a position in the exempt jurisdictional class. As such, the incumbent of this position would serve at the pleasure of the appointing authority.

Duties Description The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation; and preserving the stability of the global financial system.

The Department of Financial Services is seeking candidates for the position of Deputy Superintendent for Life in the Life Bureau within the Insurance Division. Duties include, but are not limited to, the following:

• Assists in implementation of the Superintendent's goals and objectives for the Life Insurance Bureau;

• Provides the Superintendent and Executive Deputy Superintendent with advice on issues related to the life insurance industry and regulatory process;

• Oversees and manages the daily activities and operations of the Life Insurance Bureau and its over one hundred full time employees, with responsibilities including oversight of the licensing, the National Association of Insurance Commissioners (NAIC) accreditation, and the examination and regulation of all life insurers and related entities;

• Makes recommendations that are relevant to the issues based on a thorough understanding of the short? and long?range impact;

• Assists with establishing policies, procedures, guidelines and appropriate supervisory actions relating to the Life Insurance Bureau;

• Presides at or participates in meetings and conferences with insurers, representatives of industry organizations, the NAIC, other governmental agencies and the public on behalf of DFS;

• Ensures that the programs of the Governor and the agency are effectively and expeditiously implemented;

• Acts for and in place of the Superintendent or Executive Deputy Superintendent as necessary; and

• Develops a collaborative working relationship with other divisions within DFS.

Additional Comments Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $3,400 annual downstate adjustment.

Appointment Status: This is an appointment to a position in the exempt jurisdictional class.

Appointment to this position is pending Governor Appointment's Office and Division of Budget approval.

Some positions may require additional credentials or a background check to verify your identity.

Name Thomas Hurd

Telephone

Fax (518) 402-5071

Email Address NCE.Notifications@dfs.ny.gov

Address

Street One Commerce Plaza

City Albany

State NY

Zip Code 12257

Notes on Applying To Apply: Interested qualified candidates must submit a resume and letter of interest no later than July 4, 2024, to the email address listed below. Please include the Vacancy ID in the subject line of your email to ensure receipt of your application. Email submissions are preferred.

Thomas Hurd
New York State Department of Financial Services
Office of Human Resources Management
One Commerce Plaza, Suite 301
Albany, NY 12257
Email: NCE.Notifications@dfs.ny.gov
Fax: (518) 402-5071

All candidates that apply may not be scheduled for an interview

Public Service Loan Forgiveness
Employment with New York State qualifies an individual for Public Service Loan Forgiveness (PSLF). This program forgives the remaining balance on any Direct Student Loans after you have made 120 qualifying monthly payments while working full-time for a U.S. federal, state, local, or tribal government or not-for-profit organization. To learn more about the program and whether you would qualify, please visit: https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service

AMERICANS WITH DISABILITIES ACT: REASONABLE ACCOMMODATIONS
Under the Americans with Disabilities Act (ADA), the Department of Financial Services is required to provide reasonable accommodation for known physical or mental limitations of an otherwise qualified applicant with a disability if an accommodation would enable the applicant to perform the essential functions of the job. If the accommodation would constitute an undue hardship on the operations of the agency, the agency is not required to provide it.

All people with disabilities are encouraged to apply to all jobs for which they meet the minimum qualifications.

Pursuant to Executive Order 161, no State entity, as defined by the Executive Order, is permitted to ask, or mandate, in any form, that an applicant for employment provide his or her current compensation, or any prior compensation history, until such time as the applicant is extended a conditional offer of employment with compensation. If such information has been requested from you before such time, please contact the Office of Employee Relations at (518) 473-3130 or via email at response@oer.ny.gov.