Insurance Department Division Director

Introduction

Are you an Insurance professional looking for the next step in your career?

If so, we encourage you to read the posting below and apply today!

The Connecticut Insurance Department (CID) is now accepting applications for an Insurance Department Division Director for the Life & Health Unit in Hartford, CT.

WHAT WE OFFER

• Visit our newState Employee Benefits Overview page!
• Work at a Forbes-recognized company! Connecticut is proud to be featured on both America's Best Employers by State and Best Employers for New Grads in 2024. With our dynamic job market and commitment to fostering a thriving workforce, Connecticut stands out as a top destination for both seasoned professionals and fresh graduates seeking to launch their careers.
• Professional growth and development opportunities
• A healthy work/life balanceto all employees

POSITION HIGHLIGHTS

• Full Time, 40 hours per week
• Monday through Friday
• First shift, 8:00 am to 4:30 pm
• Hybrid role (combination of in-office/telework)
• We are located at 153 Market Street in Downtown Hartford, easily accessible for all commuters.

THE ROLE

The Insurance Department Division Director position is responsible for directing the staff and operations of the Life & Health Division. As Director of this Division, they accept for filing, and approve or disapprove, all life, accident, and health policy forms that licensed insurance companies, fraternal benefit societies, hospital or medical service corporations, and health care centers intend to sell in this state, and all contracts and disclosure statements that life settlement companies intend to use in the state, and approves or disapproves health care center, individual accident and health, credit life and health, individual long-term care, and Medicare supplement premium rates. Accepts for filing and has authority to disapprove group long-term care premium rates. Accepts for filing reporting requirements, and publishes the annual comparison of managed care organizations along with other reports and studies due to the General Assembly. Licenses utilization review companies. Performs other related duties as assigned by the Commissioner including participation in regional, national, and international insurance and related associations such as the National Association of Insurance Commissioners and the International Association of Insurance Supervisors.

WHO WE ARE

Our mission at the State of Connecticut, Connecticut Insurance Department (CID) is consumer protection. The department carries out its mission by enforcing state insurance laws to ensure policyholders are treated fairly, by providing assistance, outreach, and education to help consumers make sound choices, and by regulating the industry in a fair and consistent manner that fosters market competition for the availability of insurance.

Watch the video below to see what it's like to be a State of CT employee!

Selection Plan

Check out our Applicant Tips on How to Apply! Need more resources? Visit our Applicant Reference Library for additional support throughout the recruitment process.

BEFORE YOU APPLY:

• Meet Minimum Qualifications: Ensure you meet the Minimum Qualifications listed on the job opening by the job closing date. You must specify your qualifications on your application. The minimum experience and training requirements listed must be met by the close date on the job opening, unless otherwise specified.
• Educational Credits: List your earned credits and degrees from accredited institutions accurately on your application. To receive educational credits towards qualification, the institution must be accredited. If the institution of higher learning is located outside of the U.S., you are responsible for providing documentation from a recognized USA accrediting service which specializes in determining foreign education equivalencies to the contact listed below by the closing date on the job posting.
• Resume Policy: Per Public Act 21-69, resumes are not accepted during the initial application process. As the recruitment process progresses, candidates may be required to submit additional documentation to support their qualification(s) for this position. This documentation may include: a cover letter, resume, transcripts, diplomas, performance reviews, attendance records, supervisory references, licensure, etc., at the request and discretion of the hiring agency.
• Preferred Shift/Location: Select all location(s) and shift(s) you are willing to work on your application. Failure to do so may result in not being considered for vacancies in that specific location or shift.
• Timely Submission: All application materials must be received by the job posting deadline. You will be unable to make revisions once you officially submit your application to the State. Late submissions are rarely accepted, with exceptions only for documented events that incapacitate individuals during the entire duration of the job posting. Request exceptions by emailing DAS.SHRM@ct.gov.
• Salary Calculations: For current state employees, salary calculations are not necessarily comparable from one of the three branches of state government (i.e., Executive, Legislative, Judicial) to the other.
• Note: The only way to apply to this posting is via the ‘Apply’ or ‘Apply Online’ buttons on the official State of Connecticut Online Employment Center job posting.

AFTER YOU APPLY:

• Referral Questions: This posting may require completion of additional Referral Questions (RQs), which must be completed by the questionnaire’s expiration date. If requested, RQs can be accessed via an email sent to you after the job close date or by visiting your JobAps Personal Status Board (Certification Questionnaires section).
• Prepare For An Interview: Interviews are limited to those whose experience and training are most aligned with the role. To prepare, review this helpful Interview Preparation Guide to make the best impression!
• Stay connected! Log in daily to your JobAps Personal Status Board to track your status and check email (including spam/junk folders) for updates and tasks.
• The immediate vacancy is listed above, however, applications to this recruitment may be used for future vacancies in this job class.
• Note: This position will be filled in accordance with contractual language, reemployment, SEBAC, transfer, promotion and merit employment rules. Candidates who are offered and accept a position with the State of Connecticut are bound by the State Code of Ethics for Public Officials and State employees, available at www.ct.gov/ethics.

QUESTIONS? WE’RE HERE TO HELP:

Due to high volume, we are unable to confirm receipt or provide status updates directly. For recruitment updates, please check your Personal Status Board and review our Frequently Asked Questions. If you have additional questions about the recruitment process, reach out to Jasmyn Raymond at Jasmyn.Raymond@ct.gov.

Join the State of Connecticut and take your next career step with confidence!

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Insurance Department this class is accountable for directing the programs and activities of a division.

EXAMPLES OF DUTIES

• Directs staff and operations of division;
• Coordinates, plans and manages division activities;
• Formulates program goals and objectives;
• Develops or assists in development of related policy;
• Interprets and administers pertinent laws;
• Evaluates staff;
• Prepares or assists in preparation of division budget;
• Maintains contacts with individuals within and outside of division who might impact policy or program activities;
• Represents department on various boards, commissions and task forces dealing with public policy issues;
• Prepares and delivers testimony before legislative committees;
• Leads the recruitment and hiring of staff, including outreach, interview and selection;
• May manage activities relating to insurance receiverships, guaranty fund administration, NAIC and legislative functions and delivery of legal service within department;
• May direct regulation of life and health insurance or property and casualty insurance products including but not limited to evaluation of insurance companies' financial strength and analyzing policy filings, rates and coverages;
• May direct conduct of financial analysis, field audit or market conduct of insurers, fraternal benefit societies, hospital and medical service corporations and health maintenance organizations;
• May develop and execute programs involving examination, mediation and resolution of complaints concerning all lines of insurance, insurance products, practices, procedures, operations, laws or regulations and licensees or non-licensees of department engaged in or acting as an insurance business;
• May direct programs and operations related to licensing of persons to perform insurance activities in Connecticut including but not limited to developing and maintaining up-to-date educational standards and licensing examinations;
• Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

• Considerable knowledge of
  • and ability to apply management principles and practices;
  • relevant state and federal laws, statutes and regulations;
  • principles, practices and modern methods of business organization and management, insurance policies, contracts and reinsurance agreements;
  • insurance policy terminology, forms, organization, practice and procedures;
  • methods used by other states in regulation of insurance companies;
• Considerable
  • interpersonal skills;
  • oral and written communication skills.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Ten (10) years of experience in the regulation of insurance companies OR in policyholder services, sales, claims settlement, loss control, actuarial, contract development, investment, underwriting administration or audit services in the insurance industry.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

Two (2) years of the General Experience must have been in a supervisory capacity over professional staff.

NOTE: For state employees this experience is interpreted at the level of an Insurance Principal Examiner or Insurance Accredited Financial Examiner.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

• College training in accounting, business, insurance, finance, economics or actuarial science may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor's degree.
• A Master's degree in accounting, business, insurance, finance, economics or actuarial science may be substituted for one (1) additional year of the General Experience.
• A designation of a Certified Public Accountant (CPA) and/or Certified Financial Examiner (CFE) may be substituted for one (1) additional year of the General Experience.
• Graduation from an accredited law school may be substituted for two (2) additional years of the General Experience.

PREFERRED QUALIFICATIONS

• Experience in health insurance and related products, including with the development and aspects of health insurance premium rate and the various cost drivers; particularly Affordable Care Act law/regulation; Access HealthCT; Excepted Benefits.
• Experience with the prescription drug landscape including the parties involved and cost drivers of prescription drugs.
• Experience with long term care insurance including the current landscape and public policies surrounding long term care insurance.
• Experience in working with state and federal elected officials, including experience in the review and interpretation of legislation with an impact on the life and health insurance markets, and presentation of analysis in written and oral formats.
• Experience with the work and activities of the National Association of Insurance Commissioners and International Association of Insurance Supervisors in the life and health insurance sector.

SPECIAL REQUIREMENTS

Incumbents in this class may be required to travel.

Conclusion

AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER

The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.