Department of Financial Services

Deputy Superintendent for Insurance

Posted on May 11 One State Street, New York City 464 views

The Department of Financial Services (DFS) is seeking executive level applicants to fill a position of Deputy Superintendent for Insurance. The Deputy Superintendent for Insurance will report directly to the Executive Deputy Superintendent for Insurance on all matters related to the Insurance Division, including supervisory, transactional, regulatory, legislative, policy and enforcement matters. The Insurance Division is responsible for the supervision and regulation of the insurance industry in New York State – including nearly 1,800 insurance companies and more than 350,000 insurance producers – by establishing standards for financial solvency, market conduct, corporate oversight, and regulation, and monitoring the compliance of regulated entities with these standards. The Insurance Division is comprised of over 500 employees divided among four bureaus. The Health, Life and Property Bureaus are responsible for regulating health, life and property/casualty life insurance companies doing business in New York, respectively. In addition, the Producer Bureau is responsible for all aspects of the licensing, examination, supervision and discipline of insurance producers in the State. Working under the general direction of the Executive Deputy Superintendent for Insurance and closely with the other Deputy Superintendents for Insurance, the Deputy Superintendent for Insurance functions with great independence and serves as a key member of the Superintendent's senior team. Other duties will include, but not be limited to, the following:


  • Briefs and advises the Superintendent and the Executive Deputy Superintendent for Insurance on a wide range of supervisory, transactional, regulatory, legislative, policy, enforcement and other matters related to the Insurance Division, including major DFS initiatives;

  • Works closely with the other Deputy Superintendents for Insurance and examiners, actuaries, lawyers, and other staff in the Insurance Division, on insurance-related decisions, projects and initiatives;

  • Analyzes and makes recommendations based on a thorough understanding of the short and long-term impact of any decisions, projects or initiatives;

  • Assists in the oversight and management of the activities and operations of the Insurance Division;

  • Works with, and coordinating activities among, all of the Insurance Division's bureaus;

  • Works closely with staff in other Divisions of DFS, including the General Counsel's Office, Climate Division, Cyber Division, Legislative Affairs, and others on insurance-related decisions, projects, and initiatives; and

  • Leads or participates in meetings and conferences, and generally interacts, with regulated entities or their representatives, industry organizations, the National Association of Insurance Commissioners, other governmental agencies and the public on insurance related matters.



Preferred Qualifications:


  • At least 10 years of relevant work experience, including 5 years in the insurance or financial services industry;

  • General familiarity with insurance regulation and New York Insurance Law;

  • Superior written and oral communication skills and strong analytical skills;

  • Strong project management skills, including experience managing many time-sensitive, complex projects simultaneously;

  • Demonstrated ability to manage human capital and other resources to support short and long-term priorities;

  • Demonstrated ability to supervise large teams; and

  • JD preferred but not required.

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