Subject to the supervision of the director of the department of labor and industrial relations, the division of workers’ compensation shall be supervised and controlled by a division director who shall be appointed by and report to the director of the department of labor and industrial relations. The division director shall have all of the powers now vested by law in administrative law judges by the provisions of the workers’ compensation law. Under the supervision of the director of the department of labor and industrial relations, the division director shall exercise such powers, duties and responsibilities as deemed necessary and as prescribed by the director of the department of labor and industrial relations in connection with the administration of the workers’ compensation law (chapter 287), and the victims of crime law (chapter 595). Before entering upon the division director’s duties, the director of the division of workers’ compensation shall give a bond to the state of Missouri in the sum of twenty-five thousand dollars, conditioned that said division director will faithfully account for all moneys and property that may come into the division director’s hands by virtue of the division director’s office, and if a surety bond is given, the premium therefor shall be paid by the state from the workers’ compensation fund.