Deputy Commissioner

Serves as the Deputy Commissioner for the Office of Financial Solvency within the Louisiana Department of Insurance as designated in LA RS:36:693 Office of Financial Solvency.  Primary job function is the oversight and supervision of the Office responsible for monitoring the financial condition and solvency of all alien, domestic and foreign insurers & reinsurers doing business in the state of Louisiana.  Supervises the Financial Examination, Financial Analysis, and Actuarial units. 

Essential Functions & Knowledge:  The listed items are illustrative only and are not intended to describe every function which may be performed in the job position.

- Knowledge of Statements of Statutory Accounting Principles (SSAP), NAIC Accreditation Standards, NAIC Financial Analysis Handbook, and NAIC Financial Condition Examiners Handbook.- 

- Maintains the Department's compliance with the National Association of Insurance Commissioners (NAIC) Accreditation Standards.

- Knowledge of business risks, operations, financial transactions, and financial regulatory functions including regulation of capital standards, reserve requirements, and solvency monitoring.

- Ability to think independently and assist in the development, modification and implementation of Department policies and procedures, and State laws and regulations. Oversees all matters related to troubled companies, including companies under supervision, conservation, rehabilitation, and liquidation.

- Reviews and makes recommendations related to insurance company licensing applications.

- Review and analyze existing, new, proposed, or revised laws, regulations, policies, procedures, and NAIC statutory accounting guidance to interpret their meaning and determine possible impacts.

- Responsible for communication with insurance companies, Department staff, consumers, legislators, attorneys, insurance regulators, federal/state agencies, trade groups, media, and banks regarding insurance-related matters.

- Participation on NAIC Task Forces and/or Working Groups.

• A baccalaureate degree from an accredited college or university with a concentration in business administration, business management, accounting, finance, statistics, or economics plus 8 years of professional level experience with 3 years of supervising 2 or more professional individuals.  
• Advanced degrees such as M.B.A., J.D. or Ph.D. will also be considered. 
• Certified Financial Examiners (CFE), Certified Public Accountants (CPA), Senior Professional in Insurance Regulation (SPIR) or Chartered Property Casualty Underwriter (CPCU) designations are preferred.

Please mention you found this employment opportunity on the CareersInGovernment.com job board.

For additional information please contact:

Stacie Evans, Human Resources Director

Louisiana Department of Insurance

(225) 342-0119, Stacie.Evans@ldi.la.gov