Experience

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  Kansas insurance department

  Dec 1987 - Jan 1994

  Examiner in-charge

  Conducted on-site financial audits of domestic property/casualty insurers, life/health insurers, title insurers, health maintenance organizations and a Blue Cross/Blue Shield Plan. Performed supervisory reviews of examination reports and workpapers. Supervised Department's in-depth annual statement reviews of domestic and foreign insurers.

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  National association of insurance commissioners

  Jan 1994 - Sept 1996

  Financial services associate

  Supported all aspects of NAIC financial condition examination system, including maintenance of the Examiners' Handbook, educational training and zone coordination. Developed and presented over 50 training programs on risk-based examinations and audit sampling techniques to more than 1,200 financial examiners, financial analysts and actuaries in 2 years.

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  Ge employers reinsurance corporation

  Sept 1996 - Nov 1997

  Senior financial analyst

  Assisted global Chief Financial Officer and business leaders in preparing and reviewing management reports on GAAP/SEC consolidated financial results. Developed group’s annual operating plan, long-range forecasts and other financial estimates regarding life, health and property/casualty reinsurance businesses and specialty lines. Prepared executive presentation materials for rating agencies and GE Capital executive management.

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  Naic

  Dec 1999 - Feb 2008

  Led Finance Department and guided senior management in planning and operating a consolidated financial operation of $85 million in revenues and $80 million in net equity, including an affiliate (National Insurance Producer Registry) and the Interstate Insurance Product Regulation Commission. Supervised an outside investment manager of investment holdings of $92 million, including a defined benefit plan. Directed an extensive budgeting and reporting process, while integrating strategic regulatory decisions. Provided support to the NAIC’s Board of Directors and Audit Committee, advising the CEO and leadership on financial, operational, and strategic matters. Show less Key advisor to NAIC Officers, commissioners and CEO on insurer financial solvency initiatives and the NAIC’s Financial Regulation Standards and Accreditation Program. Collaborated with commissioners and chief financial regulators to set Association priorities and to develop and execute action plans. During 2004 – 2006 timeframe, addressed property/casualty loss reserve analysis, finite reinsurance, reinsurance collateral, application of the Sarbanes-Oxley Act to non-public insurers, handling of troubled insurers prior to receivership, risk-based capital, principle-based reserving, and involvement at the International Accounting Standards Board. Show less Re-established the NAIC’s troubled company unit in 2000 in Kansas City, following its relocation from Washington D.C. Set new policies and practices regarding financial monitoring and analysis of over 1,400 property/casualty, and life/health insurers accounting for 91% of the U.S. industry’s premium volume. On average, identified impaired insurers 10 quarters in advance. Directed review practices of the International Insurers Department, listing Lloyd’s syndicates and many of the worlds largest insurers. Conducted educational sessions for staff of congressional members, GAO, Treasury Department, Federal Reserve, and federal financial regulators on insurance regulatory standards and monitoring techniques.Represented U.S. regulators before European Commission groups, the Joint Forum, and the International Association of Insurance Supervisors (IAIS). Prepared financial solvency educational programs for the Chinese Insurance Regulatory Commission (CIRC), among other foreign insurance regulatory agencies. Show less

  • Chief Financial Officer

    Sept 2006 - Feb 2008

  • Director of Financial Regulatory Services

    Jun 2003 - Sept 2006

  • Director of Financial Reporting & Analysis

    Dec 1999 - Jun 2003
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  Rector & associates, inc.

  Feb 2008 - Feb 2012

  President & ceo

  Rector and Associates, Inc. (R/A) provides practical solutions to insurance regulatory and business problems. Staffed by experts in compliance, accounting, reinsurance and actuarial science, the consulting firm has assisted insurance companies, regulators and others across the nation and internationally.With offices in the Columbus, Cincinnati and Kansas City areas, R&A was founded in 1991 by Neil K. Rector, former Deputy Director of the Ohio Department of Insurance.The firm's integrated approach, blend of public and private sector experience, and extensive contacts enable R/A to successfully handle even the most complex projects Show less

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  National association of insurance commissioners (naic)

  Feb 2012 - now

  The NAIC is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate their regulatory oversight. Oversees all aspects of the NAIC’s financial reporting/accounting, investment, and life actuarial regulatory services, managing teams of staff in the Kansas City and New York City offices (100+ staff). A senior member of NAIC management team, supporting the COO in all areas of business operations and IT initiatives; and the NAIC Officers in strategic planning, financial policy development and implementation in the areas of state, federal, and international affairs and government relations. Show less

  • Chief Regulatory Affairs Officer

    Sept 2023 - now

  • Managing Director, Financial Regulatory Affairs

    Sept 2017 - Oct 2023

  • Senior Director, Financial Regulatory Affairs--Domestic Policy & Implementation

    Feb 2012 - Sept 2017