State of North Carolina Insurance Regulatory Analyst Director

Description of Work

Salary Recruitment Range: $82,011 - $112,500

Salary Grade: NC24

The Property and Casualty Division is responsible for reviewing all rate, rule, and form filings for the insurance industry.  This includes insurance product filings made by the NC Rate Bureau, NC Reinsurance Facility, NC Insurance Underwriting Association, NC Joint Underwriting Association, Statistical Organizations, and all licensed property and casualty insurance companies. The primary objective of the Property and Casualty Division is to assist the insurance industry in getting their product filings approved for use so they can be marketed and made available to consumers and businesses.  The Division also monitors surplus lines insurance companies and surplus lines brokers for compliance with applicable statutes and to ensure that the appropriate premium taxes are collected.

The primary purpose of this position is to direct and manage the operations of the Property and Casualty Division in accordance with the applicable statutes and regulations, and the authority delegated by the Commissioner of Insurance and Chief Deputy Commissioner.

 

Incentives of NC State Employment: 

We value our employees and offer a wide variety of competitive and family-friendly benefits. Benefits to include:   

• 12 Annual paid Holidays
• North Carolina State Health Plan administered by Blue Cross Blue Shield of NC
• Supplemental Benefits including: Flexible Spending Accounts, Accident Insurance, Cancer & Specified Disease, Critical Illness, Dental and Vision
• NC State Retirement (TSERS)
• WeSave Employee Discounts

Learn more about new hire resources, safety, health, and wellness information, leave options, employee discounts and more by selecting the link below:

https://oshr.nc.gov/state-employee-resources/benefits.

Knowledge, Skills and Abilities / Competencies

• Comprehensive knowledge of insurance principles and practices and department regulation.
• Comprehensive knowledge of North Carolina General Statutes, North Carolina Administrative Codes, and North Carolina insurance laws and regulations; and NAIC guidelines.
• Comprehensive professional skill and/or knowledge in the concepts related to insurance companies and other regulated entities.
• Thorough knowledge of mathematics, including the fundamentals of statistics.
• Comprehensive knowledge of insurance rate-making procedures and practices or policy contract and manual provisions and ability to interpret and apply provisions of the insurance laws to analyze information and evaluate the impact of company policies/procedures and practices, rate filings or premium calculations.
• Demonstrated ability to make well-informed decisions utilizing a high degree of judgment based on insurance expertise.
• Demonstrated ability to communicate effectively both verbally and in writing with the general public, Department management and management of the regulated entities.
• Demonstrated ability to effectively manage and supervise staff and plan and direct all fiscal, personnel and program operations of a division.
• Possession of insurance designation appropriate to specialty area.

Minimum Education and Experience Requirements

Bachelor's degree in business or economics or a related program from an appropriately accredited institution and seven years of experience in policy and rate examinations, underwriting, claims adjusting work, or financial/marketing analysis, including three years of supervisory experience; or an equivalent combination of training and experience.

Graduation from a four-year college or university with a major in Business Administration, Insurance, Statistics, Mathematics, or a related field with at least one course in statistics or college level mathematics.  Eight years of experience in property and casualty insurance underwriting or insurance product development, at least four years of progressively responsible management experience and preferably, one year of insurance policy rate examination in a regulatory capacity.

Supplemental and Contact Information

For consideration for this vacancy, all applicants must complete an on-line application using the “APPLY” button above. If multiple applications are submitted to an individual posting, only the most recent application received prior to the posting close date will be evaluated for the consideration. Applications for positions requiring specific coursework must be accompanied by a copy of the applicant's transcript. 

Academic Degrees must be from appropriately accredited institutions and will be verified. If you are selected for a position at DOI/IC, your academic credentials will be verified.
  
To receive credit for your work history and credentials, you must list the information on the State Application. Any information omitted from your application cannot be considered for qualifying credit.
  
The Department of Insurance/Industrial Commission may conduct criminal history checks of all job applicants recommended for employment. Failure to accurately acknowledge information on criminal convictions on the state application form will be grounds for non-consideration of applications, disciplinary action, and possible criminal prosecution.
  
The Department of Insurance/Industrial Commission is an Equal Employment Opportunity employer and uses the merit-based recruitment and selection plan to fill positions subject to the State Personnel Act with the most qualified individuals.
  
***INCLUDE ALL RELEVANT EDUCATION, WORK EXPERIENCE IN THE DESIGNATED EDUCATION AND WORK HISTORY SECTION ON THE FORMAL APPLICATION***
 
 ***Applications with "see attached" or resumes in lieu of completed education and work experience on the formal application will be deemed incomplete and will not be eligible for consideration for the vacancy***
  
Applicants requesting and receiving an accommodation under the Americans with Disabilities Act (ADA) are eligible to submit paper applications via mail or by fax.
  
Applicants seeking Veteran's Preference under N.C.G.S .126 must submit a DD Form 214, Certificate of Release or Discharge from Active Duty. This information may be attached to the online application or be faxed on or before the closing date.
  
Applicants may check the status of their application for a vacancy at any time by logging in to the government jobs system using the above link.  Once the applicant has logged in, the status of each submitted application is documented next to each vacancy for which they have applied.