Federalization Of Workers Comp Takes Another Step

Workers Comp Takes Another Step Toward Federalization

 All Workers Comp takes another step towards being a federalized. Check out the Want Ad  for  the Federal Insurance Office Director Job.  According to the NY Times, a new job was posted that indicates the seriousness of establishing the Federal Insurance Office. The new position posted was a Federal Insurance Director.

Wanted: One federal insurance director. Must be an expert in the vagaries of insurance regulation, understand financial markets and have proven leadership abilities. Should be able to work well with the Secretary of the Treasury. Relocation to Washington, D.C., required.

I am not inferring that this person would ever interface that much with Workers Compensation. However, we all must remember that all Workers Comp insurance data must be turned over to the CMS by January 2011. Would the Federal Insurance Office decided to examine this warehouse of data at their fingertips? I will leave that to everyone’s own interpretation. If any one would like to apply, the full job posting text follows.

Job Title: Director, Federal Insurance Office

Department: Department of the Treasury

Agency: Treasury, Departmental Offices

Sub Agency: Office of Domestic Finance

Job Announcement Number: 2010-090RD

JOB SUMMARY:

Duties

Additional Duty Location Info:

1 vacancy – Washington DC Metro Area, DC

The Director will head the Office and provide the Office with executive leadership and oversight. The Director supervises, manages and directs staff to accomplish all functions of the Office. The incumbent:

The Office coordinates and develops Federal policy on prudential aspects of international insurance matters, including representing the United States, as appropriate, in the International Association of Insurance Supervisors (or a successor entity), and assisting the Secretary (with the United States Trade Representative) in negotiating certain written bilateral or multilateral agreements regarding prudential insurance measures, or with respect to the business of insurance or reinsurance. The Office assists the Director in determining whether State insurance measures are preempted by such agreement or agreements.

The Office monitors the extent to which traditionally underserved communities and consumers, minorities, and low- and moderate-income persons have access to affordable insurance products regarding all lines of insurance, except health insurance. The Office also assists the Secretary in administering the Terrorism Risk Insurance Program.

The Federal Insurance Office also performs such other related duties and authorities as may be assigned to the Office by the Secretary.

-Develops and implements policy within the scope of the Office’s responsibilities.

-Monitors all aspects of the insurance industry.

-Consults with the States, and their insurance regulators, regarding insurance matters of national importance and prudential insurance matters of international importance.

-Advises the Secretary on major domestic and international insurance issues.

-Monitors the extent to which traditionally under-served communities and consumers, minorities, and low- and moderate-income persons have access to affordable insurance products, except health insurance.

-Assists the Secretary of the Treasury and other officials in administering the Terrorism Risk Insurance Program.

-Coordinates Federal efforts and develops Federal policy on prudential aspects of international insurance matters.

-Assists the Secretary of the Treasury (with the United States Trade Representative) in negotiating and entering into certain international insurance agreements, as set forth in the Act.

-Determines whether State insurance measures are preempted by certain international agreements.

– Identifies issues or gaps in the regulation of insurance that could contribute to a systemic crisis in the insurance industry and to the U.S. financial system.

-Recommends to the FSOC that it designate an insurer (including affiliates) for regulation by the Board of Governors of the Federal Reserve System; and advises with respect to any resolution of certain insurance companies.

-Serves as a non-voting member of the FSOC in an advisory capacity.

-Prepares and contributes to policy statements, briefing materials, Congressional testimonies, Congressional reports, periodic status reports covering ongoing issues covered by the Office, official correspondence, and other official pronouncements for the Secretary of the Treasury and other senior Treasury officials.

-Performs other related duties and authorities as assigned by the Secretary.

Qualifications and Evaluations

QUALIFICATIONS REQUIRED:

Experience must have been at a sufficiently high level of difficulty to clearly show that the candidate possesses the required professional and technical qualifications and executive core qualifications set forth below.

-The incumbent must have one or more full years of professional experience (or equivalent level) to a GS-15 in Federal service.

TECHNICAL QUALIFICATIONS (TQs): The TQs describe the necessary technical knowledge, skills, and abilities needed to successfully perform the duties of the position.

1. Expertise in insurance markets, products, and knowledge of insurance and reinsurance companies’ operations, accounting, financial reporting, solvency. Demonstrated understanding of economic, financial, and legal concepts associated with insurance and reinsurance companies and broad knowledge of insurance markets.

2. Extensive knowledge of legal and regulatory framework for insurance and reinsurance companies: how they are examined, regulated, and supervised, and the U.S. State and the international regulatory environment associated with them, including applicable model and State laws and regulations. Demonstrated expert specific knowledge concerning State insurance regulatory authorities, and familiarity with current and anticipated Federal legislation and State initiatives impacting the insurance industry. Extensive knowledge of insurance company solvency laws and regulations: how insurance companies are conserved, rehabilitated, and liquidated; and knowledge of the State-based guarantee system.

3. Demonstrated knowledge regarding financial institutions as a whole, including familiarity with all types of financial intermediaries and their structures, as well as the business environment and policy issues associated with financial institutions.

4. Knowledge of the law and regulations governing not only insurance companies but also those governing financial institutions generally and securities markets, the Federal rule-making process, and the State and Federal financial regulatory structures, including the Office of Thrift Supervision, and the Board of Governors of the Federal Reserve System, as well as foreign regulatory authorities.

5. Demonstrated leadership experience, including administration, project management and human resource management. Expertise in developing and guiding subordinate staff.

EXECUTIVE CORE QUALIFICATIONS (ECQs): The ECQs describe the leadership skills needed to succeed in the Senior Executive Service, and are in addition to the specific technical qualifications listed above.

ECQ 1 – LEADING CHANGE – The ability to bring about strategic change, both within and outside the organization, to meet organizational goals. Inherent to this ECQ is the ability to establish an organizational vision and to implement it in a continuously changing environment.

Competencies – creativity & innovation, external awareness, flexibility, resilience, strategic thinking, vision

ECQ 2 – LEADING PEOPLE – The ability to lead people toward meeting the organization’s vision,

mission, and goals. Inherent to this ECQ is the ability to provide an inclusive workplace that fosters the development of others, facilitates cooperation and teamwork, and supports constructive resolution of conflicts.

Competencies – conflict management, leveraging diversity, developing others, team building

ECQ 3 – RESULTS DRIVEN – The ability to meet organizational goals and customer expectations. Inherent to this ECQ is the ability to make decisions that produce high-quality results by applying technical knowledge, analyzing problems, and calculating risks.

Competencies – accountability, customer service, decisiveness, entrepreneurship, problem solving, technical credibility

ECQ 4 – BUSINESS ACUMEN – The ability to manage human, financial, and information resources strategically.

Competencies – financial management, human capital management, technology management

ECQ 5 – BUILDING COALITIONS – The ability to build coalitions internally and with other Federal agencies, State and local governments, nonprofit and private sector organizations, foreign governments, or international organizations to achieve common goals.

Competencies – partnering, influencing/negotiating

Additional information on the Executive Core Qualifications is available at www.opm.gov/ses/recruitment/ecq.asp.

HOW YOU WILL BE EVALUATED:

Your application will be evaluated on the basis of your resume and narrative statements reflecting the quality and extent of your total accomplishments, experience and education as they relate to the technical qualifications and executive core qualifications.

Candidates failing to provide narrative statements addressing the Technical Qualifications will not be considered for the position.

Candidates MAY supply a narrative statement addressing each of the Executive Core Qualifications.

Benefits and Other Info

BENEFITS:

You may participate in the Federal Employees Health Benefits program, with costs shared with your employer.

Life insurance coverage is provided.

Long-Term Care Insurance is offered and carries into your retirement.

New employees are automatically covered by the Federal Employees Retirement System (FERS). If you are transferring from another agency and covered by CSRS, you may continue in this program.

You will earn annual vacation leave.

You will earn sick leave.

You will be paid for federal holidays that fall within your regularly scheduled tour of duty.

If you use public transportation, part of your transportation costs may be subsidized. Our human resources office can provide additional information on how this program is run.

You can use Health Care Flexible Spending Accounts for expenses that are tax-deductible, but not reimbursed by any other source, including out-of-pocket expenses and non-covered benefits under their FEHB plans.

OTHER INFORMATION:

The materials you send with your application will not be returned.

Send only those materials needed to evaluate your application.

Before entering on duty, you will be required to complete a Public Financial Disclosure Report, SF-278, in accordance with the Ethics in Government Act of 1978. You will need to provide the information annually.

You will be required to serve a probationary period of 1 year unless you have already completed a probationary period in the SES.

Candidates MAY supply a narrative statement addressing each of the Executive Core Qualifications. Unless you have already received certification from an Office of Personnel Management Qualifications Review Board (QRB) in the past, the final candidate will be required to address the Executive Core Qualifications (ECQs) and be certified by a QRB before appointment can occur.

How To Apply

You may apply for this position by submitting the items below by email. Your application, regardless of the format must describe your job related qualifications pertinent to this position. The announcement number must be entered on the first page of your application. Please submit:

(1) Resume OR OF-612 Application for Federal Employment

(2) Supplemental narrative statements addressing the Technical Qualifications. The supplemental statements should not exceed five (5) pages and be submitted as a Microsoft Word attachment.

(3) OPTIONAL: Candidates MAY supply a narrative statement addressing each of the ECQs. Narrative statements should not exceed ten (10) pages and be submitted as a Microsoft Word attachment.

(4) If you are a current of former federal employee with reinstatement eligibility, you must submit a copy of your last Notification of Personnel Action (SF50) showing your position, title, series, grade, and eligibility.

(5) If you are a current or former SES, you must submit a copy of your SF-50 showing your appointment.

(6) If a Candidate Development Program Candidate, and your ECQs have been approved by OPM, please provide certificate/document indicating OPM approval.

NOTE: Applicants who fail to submit all information and documents (i.e., an appropriate form of application and professional/technical qualifications narrative) WILL NOT receive consideration for the position.

You must submit your application so that it will be received by the closing date of the announcement. Applications should be emailed to the following email address: [email protected]

APPLICATIONS WILL BE ACCEPTED VIA EMAIL ONLY AND MUST BE RECEIVED BY 11:59 PM (Eastern Time) ON THE CLOSING DATE OF THE ANNOUNCEMENT.

AGENCY CONTACT INFO:

WHAT TO EXPECT NEXT:

Once your complete application is received we will conduct an evaluation of your qualifications. The most highly qualified candidates will be referred to the hiring manager for further consideration and possible interview.

Workers Comp takes another step to being overseen by a large Federal Bureaucracy.

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