Director, State Affairs

24 Feb, 2019

Jobs

Director, State Affairs

Insured Retirement Institute
Washington, DC

Purpose

  • The Director, State Affairs is responsible for leadership and support of state regulatory and legislative initiatives, analyzing the impact of laws and rules on member companies, providing guidance on strategy to member companies to implement laws and rules, and providing analysis and content to support IRI’s government affairs efforts. This position is located in Washington, DC and reports to the Chief Legal and Regulatory Affairs Officer.

 

Primary Responsibilities

  • State Regulatory and Legislative Activity
    • Monitor proposed legislation and regulation at the state level
    • Review and evaluate impact of state legislation and regulation on IRI’s members
    • Notify members of proposed and potential regulation and legislation , gathering feedback and identifying potential impacts
    • Create and staff any committees, working groups and task forces needed to address pending items
    • Discuss proposals with Chief Legal and Regulatory Affairs Officer and member companies to determine IRI’s position (oppose, support, monitor)
    • Work with other trade associations in development of industry position
    • Draft comment letters and testimony to communicate IRI’s position
    • Update applicable website content and draft Government Affairs Update articles
    • Represent IRI at meetings with state legislators and regulators to educate them on IRI’s position on issues
    • Create and maintain legislative and regulatory trackers to help member companies monitor the current status of state legislation and regulations in areas of interest to IRI members
  • Industry Events
    • Represent IRI and its members at key industry meetings, including annual National Association of Insurance Commissioners (NAIC), National Conference of State Legislatures (NCSL), and National Conference of Insurance Legislators (NCOIL) meetings, and other events as determined in conjunction with the Chief Legal and Regulatory Affairs Officer
    • Monitor NAIC’s Life and Annuity Committees (A), Market Regulation and Consumer Affairs (D) Committee, Financial Condition (E) Committee, and others as assigned
    • Attend NAIC, NSCL, and NCOIL working group and task force meetings and conference calls and report results to IRI’s State Affairs Committee
    • Draft testimony, comment letters and talking points for assigned issues
    • Provide testimony at NAIC meetings
  • IRI Conferences
    • Participate in planning and staffing IRI’s ACTION conference and other events as directed by Chief Legal and Regulatory Affairs Officer
  • Other Responsibilities
    • Prepare memos for IRI Board meetings, detailing committee activities
    • Represent IRI and speak at industry conferences as directed by the Chief Legal and Regulatory Affairs Officer
    • Other projects and functions as assigned by the Chief Legal and Regulatory Affairs Officer

Required Education and Experience

  • Bachelor’s degree required; Master’s degree and/or JD preferred
  • At least ten years’ experience in a legal, government relations or compliance role, preferably in the financial services industry
  • Experience working with state executive officers, regulators, and legislatures preferred
  • Knowledge of retirement income products, insurance company operations and procedures preferred
  • Knowledge of laws and rules applicable to annuities and other retirement income products preferred (e.g., federal securities law, ERISA, Internal Revenue Code, state insurance law)

Required Skills

  • Strong writing, editing, and communication skills
  • Excellent multi-tasking skills, and ability to work in a fast-paced atmosphere with changing priorities
  • Ability to foster and maintain relationships with state legislators and regulators to advance IRI member positions and enhance IRI’s image among policy makers
  • Thorough understanding of the legislative and regulatory process and a track record of successful advocacy activities
  • Ability to build and staff IRI committees, working groups and task forces on issues relevant to IRI and its members

Travel

  • Some travel required with limited advanced notice
About Insured Retirement Institute
About the Insured Retirement Institute The Insured Retirement Institute (IRI) has been called the “primary trade association for annuities” by U.S. News and World Report and “the industry’s main trade group” by National Underwriter. IRI has quickly become the go-to source for the media and a trusted supplier of high-quality research, neutral FINRA Reviewed materials, discounted continuing education and much more. We are the only association that represents the entire supply chain of the insured retirement income industry: our members are the major insurers, broker-dealers/distributors, banks, asset managers, financial advisors and industry solution providers. IRI is a not-for-profit organization that brings together the interests of the insured retirement income industry, financial advisors and consumers under one umbrella. IRI works tirelessly to promote consumer confidence in the value and viability of insured retirement strategies and as a respected resource for financial advisors. IRI membership is designed to give you a competitive edge. Our official mission is to: encourage industry adherence to highest ethical principles; promote better understanding of the insured retirement value proposition; develop and promote best practice standards to improve value delivery; and to advocate before public policy makers on critical issues affecting insured retirement strategies.
Learn more here

Job posted: 2019-02-24