Guaranty Funds Director

1 month ago


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

The Arizona Official Website of State of Arizona seeks a seasoned professional to serve as the Guaranty Funds Assistant Director. This role requires expertise in insurance, finance, and law to direct, manage, administer, and supervise 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, to ensure the appropriate procurement and management of contracts via the State of Arizona procurement process.
  • Develop and monitor policies and procedures to establish sound internal controls over financial management and safeguard resources held in trust by the Funds.
  • Represent the Arizona Guaranty Funds with key stakeholders and at industry meetings, participating on committees within national organizations to coordinate best practices and respond to multi-state insolvencies.
  • 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.
  • Evaluate proposed complex transactions to finance and/or ensure the transfer of claims and policies from insolvent carriers.
  • Develop and implement policies, procedures, and formulas to properly calculate and call assessments of member insurers.
Requirements:
  • Bachelor's degree in law, accounting, insurance, public administration, or a related field; a higher-level degree is 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 attorneys, certified public accountants, or certifications in insurance regulation are 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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