Guaranty Funds Director

7 hours ago


Phoenix, Arizona, United States Arizona Official Website of State of Arizona Full time
Job Summary:

The Guaranty Funds Assistant Director is a seasoned professional with expertise in insurance, finance, and law, responsible for directing, managing, administering, and supervising all operations of the Arizona Life and Disability Insurance Guaranty Fund (ALDIGF) and the Arizona Property and Casualty Insurance Guaranty Fund (APCIGF).

Key Responsibilities:
  • Oversee and manage all aspects of the Arizona Guaranty Funds, including staff and contractors, ensuring sound internal controls and accurate financial management.
  • Develop and monitor policies and procedures to safeguard resources held in trust by the Funds, ensuring accurate financial reports and filings.
  • Represent the Arizona Guaranty Funds with key stakeholders and at industry meetings, participating in committees to coordinate best practices and respond to multi-state insolvencies.
  • Oversee and manage all activities of the ALDIGF and APCIGF Boards of Directors, planning, coordinating, and facilitating board meetings in compliance with Arizona Open Meeting Law.
  • Analyze complex coverage issues and new insurance products to determine eligibility for coverage by the Arizona Guaranty Funds, ensuring efficient and accurate claims adjustment and administration.
Requirements:
  • Bachelor's degree in law, accounting, insurance, public administration, or related field; higher-level degree preferred.
  • 5-10 years of job experience as an attorney, senior accountant, or executive with expertise in operating or overseeing the financial and regulatory compliance of an insurance company or similar risk-bearing enterprise.
  • Licensed attorney, certified public accountant, or certifications in insurance regulation preferred.
Benefits:

The State of Arizona offers a comprehensive benefits package, including life insurance, long-term disability insurance, vacation, paid holidays, health and dental insurance, retirement plan, and sick leave.



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