Chief Insurance Licensing Examiner (repost 4-27-26)) (OLG-STT)

Under the general direction of the Director of Banking and Insurance, this is highly responsible administrative work in coordinating and monitoring the functions of the Licensing unit of the Division of Banking, Insurance and Financial Regulation. The Chief Insurance Licensing Examiner is an intermediate-level management and administrative position, primarily responsible for reviewing and analyzing applications for licensure and issuing licenses and certificates of authority to entities under the Divisions purview, including banks, insurance companies and producers, adjusters, premium finance companies, air ambulance services and representatives, debt management services providers, small loan companies, mortgage lenders and brokers, money transmitters, non-bank ATMs, and Third-Party Administrators. Acts in the absence of the Director or Assistant Director to manage the personnel of the Division. Duties and Responsibilities: Develops and implements policies and procedures for the Licensing unit of the Division of Banking, Insurance, and Financial Regulation. Analyzes office methods, systems, and procedures to ensure operational efficiency. Provides supervision and support to Licensing staff by assigning work, evaluating performance, and recommending professional training opportunities, such as those offered by the Conference of State Bank Supervisors (CSBS), Federal Deposit Insurance Corporation (FDIC), National Association of Insurance Commissioners (NAIC), Federal Financial Institutions Examination Council (FFIEC), Nationwide Multistate Licensing System and Registry (NMLS), Money Transmitter Regulators Association (MTRA), and other organizations. Supervises compliance reviews and renewal license applications submitted by alien, domestic, and foreign insurance companies, premium finance companies, banks, and any other financial services entities seeking to continue conducting business in the territory. Reviews applications for compliance with statutory licensing requirements, grants final approval, and issues licensure letters with conditions as necessary. Manages the examination process for both new and renewal Individual Insurance Producers (property and casualty, life and health) and Adjusters, ensuring compliance with licensing requirements. Examines financial statements and documents to ensure compliance with statutory capital and surplus requirements for license renewal. Reviews, accepts, and processes renewal applications, conducts preliminary assessments of new license applications, and grants final approval for staff- assigned renewals. Conducts field inspections of business establishments to ensure adherence to insurance and financial services regulations. Responds to request for certificate of licensure and any other request for information concerning licensed insurance companies, insurance related businesses, banks, small loan companies and any other institutions regulated by the Division. Develops and reviews policies, procedures, and administrative directives affecting banks, insurance, and financial services entities for approval by the Director. Facilitates cooperation with regulatory authorities outside the Virgin Islands and ensures compliance with statutory guidelines. Maintains effective communication between the Licensing unit and other divisions regarding license applications and renewals. Attends conferences, meetings, and hearings as designated by the Director and Assistant Director. Performs other related duties as required.