Recruitment posting
Alberta Insurance Council
Competition #: 325
Ministry : Treasury Board and Finance
Opening Date : 2017/02/06
closing Date : 2017/03/03
Role : Public Members
It is recognized in Alberta as a fundamental principle and as a matter of public policy that all persons are equal. Diversity and inclusion are valued and supported on the boards of Alberta's public agencies.
The Minister of Treasury Board and Finance is seeking applications from individuals interested in serving as Public Members of Alberta Insurance Council (AIC). There are 2 Public Member positions available and 1 of the Public Members will also be appointed as Chair.
Established in 1989, the AIC is a Crown-controlled organization with delegated authority by the Minister of Finance to provide administrative and investigative services to the General Insurance Council (GIC), Life Insurance Council (LIC) and Insurance Adjusters' Council (IAC). The GIC, LIC and IAC are the regulatory bodies responsible through ministerial delegation for the licensing and discipline of insurance agents and adjusters in Alberta. The AIC issues over 50,000 insurance certificates of authority each year, to 25,000 individuals and businesses. The GIC, LIC and IAC establish educational standards and conduct more than 5,000 examinations per year for individuals wishing to enter the insurance profession.
The appointees must be residents of Alberta and must not hold a certificate of authority nor be employed by an insurer or a person who holds a certificate of authority. Each term of appointment is for a maximum of 3 years with the possibility of reappointment for one additional term.
Public Members play an oversight role in advancing the AIC’s mission of protecting the Alberta insurance consumer through the regulation of insurance intermediaries. Public Members:
- Provide strategic oversight of the AIC and direction on the organization’s corporate governance; and
- Provide oversight of financial reporting, expense management and enterprise risk as well as appoint members to the Audit Committee.
Reporting to the Minister of Finance, the Chair is responsible for overseeing strategic planning, monitoring goals and objectives, and managing group dynamics and decision-making in the boardroom. The Chair will:
- Work with the Audit Committee to oversee and monitor the financial health and performance of the organization;
- Develop and maintain effective relationships with key elected officials and senior government officials;
- Take a leadership role in developing and advocating Alberta Insurance Council (AIC) policy positions with elected officials; and
- Manage the decision-making process in the boardroom and nurture an environment of teamwork, collaboration, and consensus.
Ideal candidates will have familiarity with the operations of Government of Alberta agencies, boards and commissions, and have experience with board governance, principles and best practices. A commitment to governance and accountability practices, a reputation for integrity and the ability to work collaboratively are essential. The appointment process recognizes the importance of reflecting the diversity of Alberta in the composition of the council and invites applications from candidates with diverse community backgrounds and work experience.
Public Members are remunerated according to the Alberta Insurance Council By-Laws (Article VII), which are approved by the Superintendent of Insurance, through delegation by the Minister:
- $500 for each meeting or for educational/training seminar.
The Chair, or person acting as the Chair, is remunerated according to the Alberta Insurance Council By-Laws (Article VII), which are approved by the Superintendent of Insurance, through delegation by the Minister:
- $650 for each meeting or educational/training seminar; and
- an annual retainer of $9,000.
Both the Public Member and Public Member/Chair are also entitled to be paid travelling and living expenses in accordance with the Travel, Meal and Hospitality Expenses Policy, as amended, or any order made in substitution therefor.
Both Public Member opportunities require a time commitment of approximately 12 to 14 half-days per year (half-day council meetings are held once per month, and attendance at additional stakeholder and strategic planning sessions may be required). The Public Member/Chair presides over all council meetings and attends Ministerial, executive, and audit committee meetings as required for a total time commitment of approximately 20 half-days per year.
Meetings are held in either Edmonton or Calgary, with teleconferencing and videoconferencing options available.
Linda Harris, Executive Search, Alberta Corporate Human Resources
Phone: 780-408-8460
Fax: 780- 422-0468
E-mail: linda.harris@gov.ab.ca
Carefully read the Recruitment Posting and the Position Profile to ensure this is an appropriate opportunity for you. Applicants are advised to provide information that clearly and concisely demonstrates how their qualifications meet the advertised requirements.
Online applications are preferred. To apply, click on the 'apply' button, create or sign into your account in the ePAAS system; upload your resume, view the listing under Current Opportunities and click on 'submit application'. The uploaded resume will be automatically attached.
Provide a short 4 line biography using the Biography template found under additional documents section. Your biography should include your name, current work experience, board/committee experience and relevant education. Please note that biographies may be edited for length and clarity.
Once your biography and other required form(s) are completed, save it to your PC. When you hit 'submit application', you will be prompted to upload additional documents. Drag and drop (or upload) your completed cover letter, biography and other form(s) into the 'Drop files below or click to upload' section before clicking the 'apply' button.
If you are unable to apply online, please submit a cover letter and resume, quoting the recruitment posting competition number, to the contact provided on the posting. We thank all applicants for their interest. All applications will be reviewed to assess which candidates' qualifications most closely match the agency's requirements. Only those selected for interviews will be contacted to advance to the next step in the appointment process. You can check the status of each competition on-line at https://www.alberta.ca/public-agencies.cfm.
All potential candidates will be screened for potential conflicts of interest. Please Note: Successful applicants will have the following information about them made publicly available on the Public Agency Secretariat Website: name, biography, public agency, and position title.
Insurance Agents and Adjusters Regulation
Certificate Expiry, Penalties and Fees Regulation
Financial Administration Act (FAA)
Fiscal Planning and Transparency Act