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Office of Innovation Director

Employer
New York State Insurance Fund
Location
Albany, New York
Salary
$150,000-$180,000
Closing date
Jun 26, 2022

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Job Details

Office of Innovation Director
NYSIF (Executive- Albany or NYC)
Salary: $150,000-$180,000
Please note, candidate must be a New York State resident or be willing to relocate.


Description:
The Office of Innovation Director, reporting to the Executive Department, will support agency internal/external transformation, market modernization, streamlined product delivery, and stakeholder expectations. It will build on the foundation of various agency initiatives and integrate the following into the NYSIF’s operational matrix: lessons learned and identified benchmarks from the COVID-19 pandemic, cybersecurity, ESG (Environment, Science and Governance), and net-zero 2040.
In addition to internal reconfiguration, NYSIF will strategically and succinctly partner with various like-minded government and non-governmental entities to assess the real-time operational environment and develop a comprehensive and strategic future plan. Current processes will be expanded and refined to take advantage of emerging trends and existing commitments.

Efforts will be explored and utilized to embrace changing technologies, artificial intelligence, risk analyses, data analytics, and the infusion of all different types of FinTech. Specific duties and responsibilities include, but are not limited to:
• Serve as an internal consultant to the Executive Director & CEO, the Board of Commissioners, and Executive Staff in the development of policies and procedures related Innovation/FinTech and advise with detailed plans how the agency continues to progress forward to meet its expanding statutory mandates/obligations.
• Manage agency operational strategies, related to Innovation/FinTech, through the development and/or updating of criterion, and creation of operational plans including identification of resources (personal and non-personal), technologies, impacts, costs, and risks.
• Evaluate current and future agency initiatives and programs, related to Innovation/FinTech, to identify business opportunities, coordinate systems to ensure high ethical standards, assess information and records, track internal and external issues that affect significant agency operations and recommend risk-mitigation measures, and identify and prioritize needed training needs for agency personnel.
• Develop mechanisms for the agency to stay relevant and competitive with its private sector peers and competitors, to ensure the agency evolves and adapts to federal/state directives and the needs/expectations of all policyholders, related to Innovation/FinTech.
• Identify and implement national and state-wide best practices, continuous improvement projects and policies/procedures, related to Innovation/FinTech.
• Develop, review, analyze, implement, monitor, and report on nation-wide legislative, budgetary and/or insurance initiatives which affect the agency in Innovation/FinTech.
• Build, establish and maintain relationships with multiple stakeholder groups, related to
Innovation/FinTech, including industry advocacy groups, professional organizations, and
other federal/state government entities to develop and implement uniform policies and
procedures where entities have the same jurisdiction.
• Conduct and perform duties/activities, as assigned, related to Innovation/FinTech which
leverage the agency and the state to continue to lead the private sector insurance
industry in policy areas and the provision of certain products/services.
• Perform the full range of supervisory functions/responsibilities including training and
development, evaluations, hiring and discipline, mentoring, skill assessments, etc.
• Handle all other related/germane matters consistent with agency operations, including
business process re-engineering.


Basic Qualifications:
• Master’s Degree in an occupation related to financial services, process improvement,
financial product development, and industrial engineering.
• Minimum of ten (10) years of extensive experience in the financial services industries
and/or related occupations working on developing new financial tools/processes and
creating efficiencies on existing tools/processes.
• Proficiency in using data analyses tools/methodologies.
• Experience in supervision and management of large-scale cross-functional projects.
• Ability to collaborate with peers, managers and policymakers, and a demonstrated
commitment to diversity and inclusion.
• Supervisory and management experience.


Primary Location: Albany or NYC
Travel: Minimal
Schedule: 9AM-5PM


Please note the following New York State Civil Service employment information:
• Jurisdictional classification: Exempt
• Bargaining unit: M/C
• Civil Service title: Special Assistant

 


The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original
enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee
the availability of workers’ compensation insurance at the lowest possible cost to New York
employers and to provide timely, appropriate indemnity and medical payments to injured
workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for
which it was created: to compete with other carriers to ensure a fair marketplace and to be a
guaranteed source of coverage for employers who cannot secure coverage elsewhere.


NYSIF is the largest workers’ compensation carrier in New York State and among the top 10
largest workers’ compensation carriers in the nation, insuring approximately 139,000
policyholders, with more than $1.8 billion in annual earned premium and over $22 billion in
assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding.

In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for
off-the-job injuries to more than 56,000 New York employers. In 2018, NYSIF added paid family
leave as a component of its disability benefits product, providing New Yorkers with job protected,
paid time away from work to care for their families.

Company

The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York Workers' Compensation Law. The Fund's mission is to guarantee the availability of workers' compensation insurance at the lowest possible cost to employers, while maintaining a solvent fund, as well as to provide timely and appropriate indemnity and medical payments to injured workers. NYSIF is a self-supporting insurance carrier that competes with private insurers in both the workers' compensation and disability benefits markets in New York State.

Hires for a majority of positions are made according to merit as determined through competitive examinations administered by the New York State Department of Civil Service. Civil Service exams are held on a continuous basis for NYSIF positions including accountants and auditors, actuaries, information technology specialists, medical care representatives (registered nurses) and vocational rehabilitation specialists.

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