Deputy Counsel, NS (Insurance) - StateJobsNY : Job Details

The New York State Department of Financial Services seeks to build an equitable, transparent, and resilient financial system that benefits individuals and supports business. Through engagement, data-driven regulation and policy, and operational excellence, the Department and its employees are responsible for empowering consumers and protecting them from financial harm; ensuring the health of the entities we regulate; driving economic growth in New York through responsible innovation; and preserving the stability of the global financial system.

The Department of Financial Services is seeking candidates for the position of Deputy Counsel within the Office of General Counsel (Insurance) located in NYC. The Deputy Counsel duties will include, but are not limited to, the following:

• Assists the Insurance Division with the review and approval of holding company transactions, reorganizations, demutualizations, and mergers;
• Renders professional regulatory legal services of a high degree of difficulty involving application of the New York Insurance Law and regulations promulgated thereunder to regulated persons, including providing legal advice to the Insurance Division on insurer investments, reinsurance, life insurance, retirement systems, financial guaranty insurance, and insurer taxation;
• Assists the Research and Analysis Bureau with the run-off, rehabilitation, and restructuring of financial guaranty insurers;
• Assists with policy and practical matters concerning the regulation of insurers doing business in New York;
• Provides counsel and advice to management about complex legal matters and the interpretation and implementation of State and federal legislation and court decisions;
• Develops and approves legal strategies for sensitive cases and matters;
• Drafts, reviews, and edits insurance regulations, insurance-related legislation, and insurance-related industry guidance;
• Researches and drafts memorandums in response to insurance-related legal inquiries;
• Attends World Trade Center Captive and Medical Malpractice Insurance Pool ( MMIP ) meetings;
• Sits in on NAIC task forces, committees, and working groups;
• Serves as a hearing officer in select hearings;
• May supervise less experienced attorneys within the Office of General Counsel; and
• Other duties as assigned.

Minimum Qualifications

Law degree from an accredited law school; admission to, and member in good standing of, the New York State Bar; and six years of relevant post-bar experience.

Preferred Qualifications

Strong insurance experience and familiarity with the New York Insurance Law and regulations promulgated thereunder.

Superior written and legal research skills.

Appointment method:

This is an appointment to a position in the exempt jurisdictional class. As such, the incumbent of this position would serve at the pleasure of the appointing authority.

Salary: $127,507 - $160,911 (salary commensurate with experience) Positions located within the New York City metropolitan area, as well as Suffolk, Nassau, Rockland, and Westchester Counties, are also eligible to receive an additional $4,000 annual downstate adjustment.

Appointment Status: This is an appointment to a position in the exempt jurisdictional class. Appointment to this position is pending Governor Appointment's Office and Division of Budget approval.

Some positions may require additional credentials or a background check to verify your identity.