The structure of NTÍ's operations is based on flexibility. The scope of operations varies greatly from year to year as loss events are a crucial indicator to how much manpower is needed at any given time. As a rule, 4-5 full-time employees work at the agency, but when events occur, projects are either outsourced or people are hired for temporary work.
Board of Directors
NTÍ's board of directors consists of five members. Three are elected by parliament. The insurance companies that collecting premiums for NTÍ (SFF) elect one board member and the Minister of Finance and Economic affairs appoints the chairman. Directors are appointed for four years at a time. Further information on board members can be found in the Corporate Governance Statement.
Alternates on the board of directors
Alternates are elected in the same way as board members. Further information on alternate board members can be found in the Corporate Governance Statement.
Alternate for Sigurður Kári Kristjánsson, appointed by the Minister of Finance and Economic Affairs
The NTÍ Audit Committee is composed of three members elected by NTÍ's Board of Directors. The role of the committee is to oversee the work process for the preparation of financial statements, risk management and the functioning of internal controls. It shall ensure the quality of the annual accounts and other financial information of the Agency and the independence of its auditors. Further information on committee members can be found in the Corporate Governance Statement.
NTÍ is a government agency and advertises all job vacancies that are estimated to be filled for more than one year.