Job Description

Competition # : 42625Department: Finance and Treasury BoardLocation: HALIFAXType of Employment: PermanentUnion Status: NSGEU - NSPGClosing Date: \xe2\x80\x8b09-May-24 \xe2\x80\x8b (Applications are accepted until 11:59 PM Atlantic Time)About UsAt the Nova Scotia Department of Finance and Treasury Board we strive to provide financial leadership, analysis and policies that strengthen Nova Scotia. As stewards of the province\xe2\x80\x99s financial affairs, we deliver a wide range of corporate fiscal and management services \xe2\x80\x93 including the preparation of the provincial budget, forecast updates, and financial advice to departments, crown corporations and other public service entities.About Our OpportunityThe Compliance Officer reports to the Manager of Financial Institutions and collaborates with division team members on regulatory filings and issues in sectors like insurance, trusts, loans, and credit unions. This streamlined role is essential for upholding regulatory standards, ensuring public trust, and maintaining financial stability through careful oversight, resolving complaints effectively, and monitoring compliance strictly.Primary AccountabilitiesThe role involves key responsibilities across various sectors as outlined by the Insurance Act, Credit Union Act, and Trust and Loan Companies Act:

• Insurance Inquiries: Develop and maintain a process to investigate public inquiries related to insurance, ensuring they are resolved satisfactorily and documented for review.
• Trust and Loan Filings: Conduct reviews of trust and loan company filings to verify compliance with financial regulations.
• Credit Union Filings: Oversee the timely collection and review credit union filings to ensure regulatory compliance, providing support as needed.
• Insurance Filings: Review Insurance filings to ensure they meet regulatory standards, including overseeing trust accounts and collection of premium taxes. Work with insurance agencies/companies to correct any discrepancies.
• Licensing Collaboration: When required, the candidate will support the licensing staff in processing both new and renewal insurance licenses in the AMANDA database, ensuring that all regulatory and compliance requirements are met.
• Insurance Exam Queries: Participate in the development and delivery of an examination program to test individuals who seek to be licensed to sell insurance in Nova Scotia. Monitor the examination program, including any education materials issued by insurance educators to ensure the program upholds and protects the integrity of the licensing regime in Nova Scotia. Serve as the main contact for questions related to insurance exams, offering guidance and ensuring timely responses and coordinate and oversee the scheduling and administration of exam sessions.
• Communication and Coordination: Coordinate with division stakeholders to share findings and ensure clear communication with regulatory bodies. Liaise with other regulatory bodies across Canada and other divisions of Government to formulate policy positions and recommend changes to legislation in areas of responsibility.

Qualifications and ExperienceThe ideal candidate should possess at minimum a Bachelor\xe2\x80\x99s Degree in Commerce, Business, Science, or Arts, accompanied by a minimum of 5 years of experience in insurance administration, or an equivalent blend of education and experience. You must demonstrate a robust understanding of both the Canadian Insurance Industry and the Nova Scotia Insurance Act and Regulations.Key attributes for success include attention to detail, analytical thinking, and sound judgment. Additionally, the candidate should exhibit advanced communication skills, enabling them to effectively convey complex information and navigate challenging conversations.Proficiency in both written and verbal communication is essential for drafting documents and addressing inquiries. Working knowledge of Microsoft Word, Excel, and Outlook is a prerequisite.Having a Chartered Insurance Professional (CIP) designation, Canadian Accredited Insurance Broker (CAIB), or having completed the LLQP course would be considered an asset. Additionally, having experience as an insurance agent would also be an asset.EquivalencyApplicants relying on education and experience equivalencies must demonstrate such equivalencies in their application.BenefitsBased on the employment status and union agreement, the Government of Nova Scotia offers its employees a wide range of benefits such as a , Health, Dental, Life Insurance, General illness, Short and Long Term Disability, Vacation and Employee and Family Assistance Programs. For information on all our Benefit program offerings, click here: .What We Offer

• Career Development where you have access to career guidance, tools, resources, and ongoing training for every stage of your career.
• Engaging workplace: our Employees feel valued, respected, connected, and tuned in, we have forward-thinking policies and strategies.
• Countless career paths.
• Department specific flexible working schedules and arrangements.

Pay Grade: PR 13Salary Range: $2,556.10 - $3,107.16 Bi-WeeklyEmployment Equity Statement:Our goal is to be a diverse workforce that is representative, at all job levels, of the citizens we serve. The Government of Nova Scotia has an Employment Equity Policy, and we welcome applications from Indigenous People, African Nova Scotians and Other Racially Visible Persons, Persons with Disabilities and Women in occupations or positions where they are under-represented. If you are a member of one of these equity groups, you are encouraged to self-identify on your electronic application.This is a bargaining unit position initially restricted to current civil service employees represented by the Nova Scotia Government Employees Union (NSGEU). If applying from outside a government office, employees must apply correctly via this link:Failure to apply correctly means that your application will not be given first consideration as a bargaining unit applicant, and will only be included if external applications are pursued.External applicants and current casual employees will only be considered if there are no qualified civil service bargaining unit candidates. PLEASE NOTE: Candidates will not be considered for an interview if applications are incomplete or are missing information.Offer of employment is conditional upon the completion of all applicable background checks and confirmation of credentials, the results of which must be satisfactory to the employer. We thank all applicants for the interest, however, only those selected for an interview will be contacted. All questions and concerns may be directed to Competitions@novascotia.ca.

Government of Nova Scotia