Actuarial Analyst

The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s 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 special appointment position that serves at the pleasure of the appointing authority.

Baltimore City

The Office of the Chief Actuary is recruiting for an Actuarial Analyst.  The Actuarial Analyst performs rate filing reviews in accordance with the guidelines and standards stated in the Health Rate Filing Review Summary, Maryland laws and regulations, and all applicable Actuarial Standards of Practice. This position will learn the latest System for Electronic Rate and Form Filing (SERFF) functions and other new rate filing related systems; keep abreast of the latest processes of rate filing reviews; and remain current with any new rate filing related Maryland   insurance laws and regulations, as well as the latest Federal Healthcare Reform legislation.  The Actuarial Analyst will also perform annual valuations of Maryland life insurance companies.

This position requires:

• A Bachelor’s degree from an accredited four-year college or university in Mathematics, Actuarial Science, Statistics or relevant degree.
• A minimum of two (2) years of related actuarial or insurance analysis experience. 
• The passing of at least two SOA actuarial exams.
• Strong understanding of insurance related modeling and data analysis techniques, and experience with statistical methods (this specified experience should be included in your resume).

• Ability to communicate effectively verbally and in writing.
• Proven ability to analyze information and draw accurate conclusions.
• Strong computer experience, to include experience with Microsoft Excel and Word.

STATE OF MARYLAND BENEFITS

If you have any questions about this recruitment, please contact the Maryland Insurance Administration at 410-468-2000.

For immediate consideration, upload one WORD or PDF file, at the "Resume" tab, that contains:

1. a cover letter stating your interest and specific salary requirements; and

2. a current professional resume.

If you are unable to apply online, you may submit via mail.  Please be sure to include all documents listed above to ensure timely processing.

Complete application packets may be mailed to:

Maryland Insurance Administration Human Resources - Recruitment #:  16-009640-0004

200 St. Paul Place, Suite 2700

Baltimore, MD 21202

Incomplete submission will not receive consideration.

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.