Deputy Assistant Commissioner

About the role

The Department of Banking and Insurance is seeking a qualified candidate to serve as Deputy Assistant Commissioner for the Office of Solvency Regulation in the Division of Insurance. This senior position provides leadership in monitoring the financial condition and solvency of all domestic and foreign insurers, reinsurers, and related entities doing business in New Jersey. The Deputy Assistant Commissioner also oversees the vetting of all insurer applications to form a domestic insurer or to seek admission for foreign insurers. Reporting to the Assistant Commissioner of Solvency Regulation, the role is an integral member of the management team and interacts regularly with senior insurer management and industry groups such as the National Association of Insurance Commissioners.

Responsibilities

• Monitor the financial condition and solvency of all domestic and foreign insurers, reinsurers, and related entities operating in New Jersey.
• Oversee the vetting and review of insurer applications for domestic formation and foreign admission.
• Participate as a key member of the Office of Solvency Regulation’s management team.
• Interact regularly with senior management of insurers and represent the Department in industry groups, including NAIC.
• Provide leadership and management over managerial, supervisory, and staff‑level employees.
• Direct various functional areas within the Office, including:
  • Analysis
  • Examinations
  • Admissions, Change in Control & Liquidations
  • Surplus Lines and Other Entities
  • Other Specialized Areas

Requirements

• Bachelor’s degree from an accredited college or university.
• Certified Public Accountant (CPA), Juris Doctor (JD), and/or an advanced financial‑related degree are strongly considered.
• Six (6) years of managerial experience in public administration.
• Applicants lacking the required education may substitute additional experience on a year‑for‑year basis, with thirty (30) semester‑hour credits equating to one (1) year of experience.

Preferred Experience

• Ten (10) years of relevant financial and/or regulatory experience in the insurance industry.
• At least five (5) years of that experience in a managerial capacity.
• Familiarity with insurance regulation and New Jersey Insurance Law.