Legal Management (Director of Captives Bureau)

Works directly with and reports to the Delaware Insurance Commissioner, in coordination with the executive staff, on Captive Bureau operational needs which may include tasks such as business plan changes, analyzing new laws, rules, regulations and proposed NAIC model legislation. Provides local, national and international communications of captive industry designed to enhance and educate stakeholders on the importance and benefits of establishing a Delaware domiciled captive insurance program.  Directly responds to captive clients’ needs and works with the Delaware Captive Insurance Association on statutory requirements. Oversees the operations of a fast-growing Captive Bureau by directing and managing a professional staff while creating an environment favorable to the growth of the Captive Insurance in Delaware.

Essential Functions are fundamental, core functions common to all positions in the class series and are not intended to be an exhaustive list of all job duties for any one position in the class. Since class specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here.

• Ensures accurate and timely financial examination of captive insurance companies and risk retention groups chartered in Delaware.
• Participates in the decision on the application process for allowing a captive or risk retention group a Delaware license.
• Ensures accurate and timely financial analysis of captive insurance companies and risk retention groups chartered in Delaware.
• Identifies and analyzes a captive insurance company's or risk retention group’s financial problems and recommends effective action to avoid insolvency.
• Participates in establishing, communicating, and implementing Department goals and objectives.

JOB REQUIREMENTS for Legal Management

Please attach a resume with your online application or use the resume tab in DEL to provide a detailed description of how your education, training and/or experience meets each job requirement including employer, experience/responsibilities and dates (month/year) of employment/training.

1. Possession of a Juris Doctorate.
2. Three years of experience in financial analysis of insurance companies to determine resulting ratios, statistical comparisons, disclosure omissions, misstatements, and other irregularities applicable to insurance operations.
3. Three years of experience in conducting examinations of insurance companies.
4. Three years of experience in recognizing deficiencies in accounting procedures and management controls.
5. Experience in interpreting insurance industry, rehabilitation, liquidation and bankruptcy laws, rules, regulations, standards, policies, and procedures.
6. Experience in staff supervision which includes planning, assigning, reviewing, and evaluating the work of others.

To learn more about the comprehensive benefit package please visit our website at http://ben.omb.delaware.gov/

The application and resume are evaluated based upon a rating of your education, training and experience as they relate to the job requirements of the position.  It is essential that you provide complete and accurate information on your application and the resume to include dates of employment, job title and job duties.  For education and training, list name of educational provider, training course titles and summary of course content.   Narrative information supplied in response to the questions must be supported by the information supplied on the application including your employment, education and training history as it relates to the job requirements.

Once you have submitted your application on-line, all future correspondence related to your application will be sent via email.  Please keep your contact information current.  You may also view all correspondence sent to you by the State of Delaware in the “My Applications” tab at www.delawarestatejobs.com.

Accommodations are available for applicants with disabilities in all phases of the application and employment process.  To request an auxiliary aid or service please call (302) 739-5458. TDD users should call the Delaware Relay Service Number 1-800-232-5460 for assistance.  The State of Delaware – An Equal Opportunity and Affirmative Action Employer.