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Market Data Analyst

Recruitment #20-009640-0002

Introduction

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.

GRADE

16

LOCATION OF POSITION

Baltimore City

Main Purpose of Job

This position is responsible for providing technical support to the Market Analysis Chief. This position's primary responsibility requires monitoring the insurance industry's compliance with Maryland's law and regulations by performing market surveillance analysis, reviews, studies, and data calls.

POSITION DUTIES

The MIA's Compliance and Enforcement Division is recruiting for the position of Market Data Analyst.  This position reports to the Chief of Market Analysis and is responsible for monitoring, collecting, validating and interpreting insurance industry data in support of the MIA’s assessment of the business practices of insurers and other regulated entities.  The Market Data Analyst performs market surveillance, analysis, reviews, studies and data calls; and assists in developing and implementing methods, procedures, systems and analytic techniques for market data analysis. The position also serves as technical liaison to MIA and various external data management and systems departments.   This position must be able to multi-task and work effectively both independently and cooperatively; and involves occasional travel and attendance at various training, industry or regulatory seminars and meetings.

MINIMUM QUALIFICATIONS

Education:  Bachelor's degree from an accredited four-year college or university in Mathematics, Finance, or related fields.

Experience:  One year experience processing, analyzing or auditing large-scale electronic data files.

Notes:  The requirements indicated below are acceptable substitutions to the minimum requirements.

1. A Master's degree in Mathematics, Finance, Accounting or related field can substitute for the required experience; or

2. A Bachelor's degree from an accredited four-year college or university in Mathematics, Finance, or related fields, and successful completion of a Society of Actuary exam.

 

 

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.

  • Proficiency in Microsoft Office including Word and Excel.
  • Experience processing analyzing or auditing electronic data files using MS Excel with attention to details; and
  • Ability to handle multiple projects.

LIMITATIONS ON SELECTION

This recruitment is limited to current employees of the Maryland Insurance Administration.

BENEFITS

FURTHER INSTRUCTIONS

If you have any questions concerning this recruitment, please contact lynn.hill@maryland.gov.  

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 #: 20-009640-0002

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.



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