Department of Administrative Services

Insurance Department Division Director (2858MP)

$56.63-$77.21 Hourly / $4,530.15-$6,176.97 BiWeekly /
$118,237.00-$161,219.00 Yearly


PURPOSE OF JOB CLASS (NATURE OF WORK)

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

SUPERVISION RECEIVED

Receives executive direction from the Commissioner or other administrative official of higher grade; consults with Office of the Attorney General regarding legal matters.

SUPERVISION EXERCISED

Directs staff of the 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 on 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; 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 techniques; considerable knowledge of relevant state and federal laws, statutes and regulations; considerable knowledge of principles, practices and modern methods of business organization and management, insurance policies, contracts and reinsurance agreements; considerable knowledge of insurance policy terminology, forms, organization, practice and procedures; considerable knowledge of methods used by other states in regulation of insurance companies; considerable interpersonal skills; considerable 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, the Special Experience is interpreted at or above the level of Insurance Principal Examiner or Insurance Accredited Financial Examiner.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

1. 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.

2. 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.

3. 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.

4. Graduation from an accredited law school may be substituted for two (2) additional years of the General Experience.

SPECIAL REQUIREMENTS

1. Incumbents in class code 2858 are be required to possess special qualifications, credentials or requirements depending upon the specific division and/or functional area being filled. They are a member of the Connecticut Bar Association, associate or full membership in a particular actuarial society, possession of a Certified Public Accountant (CPA) or Certified Financial Examiner (CFE) designation.

2. Incumbents in this class may be required to travel.

COMPENSATION GUIDELINES

1.  Class code 2857 is established at salary group MP 70.

Class code 2858 is established at salary group MP 72.

2. The following functional areas shall be assigned to class code 2857:

Consumer Services

Life and Health (Non-Actuary)

Market Conduct, Licensing, Fraud

Property and Casualty (Non-Actuary)

The following functional areas shall be assigned to class code 2858:

Financial Regulation

Legal, Legislative & Regulatory Analysis

Life and Health (Actuary)

Property and Casualty (Actuary)

3. If incumbents are reassigned to a functional area under a different class code and MP group level, salary adjustments will be made in accordance with compensation calculation guidelines. All merit system requirements must be met for appointment to class code 2857.

JOB CLASS DESIGNATION

Classified/Non-Examined

OCCUPATIONAL GROUP

(15)-Insurance Programs and Control

BARGAINING UNIT

(02)-MANAGERIAL

EEO

(1)-Officials And Administrators

SALARY INFORMATION

MP 72

CANCELLATION CLAUSE

This replaces the existing specification for the class of Insurance Department Division Director in Salary Group VR 99 approved effective February 11, 2011. (Revised to modify Compensation Guidelines, cc 2858)

EFFECTIVE DATE

5/2/2014

CLASS: 2858MP; EST: 1/7/1983; REV: 5/2/2014;