ASSISTANT DIRECTOR OF COMPANY LICENSING & PREMIUM TAX AUDITING

The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s $46 billion insurance industry and protects consumers by monitoring and enforcing insurers’ and insurance professionals’ compliance with State law.  Through the diligence of a highly professional staff of market analysts, financial analysts, accountants, lawyers, law enforcement officers, actuaries, complaint investigators, and others, the MIA works to facilitate a strong and competitive insurance marketplace where consumers are well informed and treated fairly.  Staff members are subject matter experts who serve as a resource for lawmakers, consumers, and other public and private entities.  

The MIA is charged with a broad range of responsibilities including the licensure of insurance carriers and insurance producers (brokers/agents) operating in Maryland, the conduct of financial examinations of companies to monitor financial solvency, and the review and approval of rates and contract forms.  The MIA investigates reports of consumer fraud and consumer complaints about life, health, automobile, homeowners, and/or property insurance.  Insurance carriers are subject to market conduct examinations and other actions to monitor compliance with Maryland law.  The MIA also has a unit dedicated to consumer education and outreach, which participates in hundreds of events and reaches thousands of individual consumers annually. 

* This is a Management Service position that serves at the pleasure of the appointing authority.

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Baltimore City (potential for hybrid between office and teleworking)

The Maryland Insurance Administration’s Financial Regulation Division is recruiting to fill an Assistant Director of Company Licensing & Premium Tax Auditing position.  This position will supervise Analysts and Examiners in the Company Licensing Unit and the Premium Tax Auditing Unit. The position will oversee the work of Examiners processing premium tax bills and conducting audits of various regulated entities; and will maintain the Insurance Regulatory Fund (IRF) database and assessment calculations.

The Assistant Director will also oversee the collection of fees, penalties, fines, and forfeitures as it relates to the licensing and registration of insurance-related entities regulated by the MIA; monitor the financial condition of these entities and take appropriate regulatory action when needed; and may perform detailed reviews and analyses of initial applications of license and registration of insurance-related entities conducting, or seeking to conduct, business in Maryland.  

Education: Possession of a bachelor's degree in accounting, business, finance or related field from an accredited college or university.

Experience: Four years of experience performing financial related work for an insurance regulatory agency, insurance company, or another entity in a financial or audit-related area.

This recruitment is limited to current employees of the Maryland Insurance Administration’s Financial Regulation Division. 

STATE OF MARYLAND BENEFITS

Please contact: charrison@maryland.gov for additional information concerning this recruitment. For immediate consideration, upload one WORD or PDF file, at the "Resume" tab.

TTY Users: call via Maryland Relay

We thank our Veterans for their service to our country, and encourage them to apply.

As an equal opportunity employer Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.