Financial Services Professional
4 weeks ago
Overview
The New York State Department of Financial Services is seeking a highly skilled professional to assume responsibility for the proper operation and administration of the Excess Line Unit's activities. This includes oversight of various entities, licensees, and markets such as excess line brokers, risk retention groups, purchasing groups, and the free trade zone.
Salary and Benefits
This position offers a competitive salary range of $103,784 - $127,830 annually, with periodic increases. Additionally, positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are eligible for an additional $3,400 annual downstate adjustment. Employment with New York State qualifies an individual for Public Service Loan Forgiveness (PSLF), which forgives the remaining balance on any Direct Student Loans after 120 qualifying monthly payments.
Job Description
- Overses various entities, licensees, and markets such as excess line brokers, risk retention groups, purchasing groups, and the free trade zone.
- Supervises a small unit or team of lower-level Financial Services Examiners.
- Communicates Department goals effectively to staff to assure that all directives are being achieved, work is accurate, and completed in a timely manner.
- Assists superiors in drafting legislation, regulations, and circular letters that further Department oversight of the unit's primary areas of responsibility and provide guidance and clarification to the industry on such matters.
- Provides feedback on legislation being proposed and makes recommendations as to its need and applicability.
- Effectively communicates and coordinates the responsibilities of the unit with other units of the Bureau, OGC, FFCPD, or other Bureaus of the Department as well as outside agencies.
- Acts as a liaison with the Excess Line Association of New York (ELANY) to convey Department directives.
- Ensures the staff is properly trained and that technology is being utilized to the fullest to accomplish Bureau and Department objectives.
- Develops, implements, and monitors new methods to accomplish the unit's objectives.
- Mentors, motivates, and encourages development of subordinates, including providing employee training and completing necessary performance evaluations.
- Assists supervisors to complete any projects or special projects assigned to the unit.
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