Fiscal Licensing Specialist
MIA ASSOCIATE VI
|Department||Maryland Insurance Administration|
|Date Opened||5/31/2018 1:50:00 PM|
|Filing Deadline||6/14/2018 11:59:00 PM|
|Salary||$34,390.00 - $43,409.00/year|
|HR Analyst||Kyia Underwood|
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.
LOCATION OF POSITION
The Fiscal Licensing Specialist performs revenue reconciliation and licensing responsibilities for the Compliance and Enforcement, Producer Licensing Section. The incumbent will reconcile daily deposits received by delivery, in person, or through Electronic Funds Transfer (EFT) transactions, and enter payments electronically to ensure funds are properly allocated. This position is also responsible for providing assistance with monitoring Continuing Education (CE) providers and courses; reviewing and auditing CE courses; assisting with the coordination of meetings for the Producer Licensing Advisory Boards; responding to escalated calls from licensees; and assisting with the maintenance and processing of bond updates and cancellation requests.
Education: Graduation from an accredited high school or possession of a high school equivalency certificate
Experience: Two years of experience in the insurance industry or with an insurance regulatory agency performing licensing, bookkeeping, claims processing, or related functions.
Note: A Bachelor's degree from an accredited college or university may substitute for the required experience.
DESIRED OR PREFERRED QUALIFICATIONS
Strong preference will be given to applicants that possess the following preferred qualification(s). Include clear and specific information on your application regarding the qualifications.
- Knowledge of Maryland insurance statutes and regulations laws as it pertains to producer licensing and continuing education requirements.