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ACTUARIAL ANALYST I/II

Recruitment #21-009640-0002

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. 

   

* This is a Special Appointment position that serves at the pleasure of the appointing authority.

 

GRADE

* Salary Guidelines Apply to State Employees

 

Actuarial Analyst I/grade 16:  Salary range:  $47,881/year - $65,636/year, with progression to  $76,432/year

Actuarial Analyst II/grade 17:  Salary range: $50,971/year - $74,159/year, with progression to $81,596/year  

LOCATION OF POSITION

Baltimore City (potential for hybrid between office and teleworking)

POSITION DUTIES

The Office of the Chief Actuary (OCA) is recruiting for an Actuarial Analyst I or II level position.  This position handles life and health actuarial responsibilities for the MIA with primary focus on health insurance rate filings from non-profits, health maintenance organizations and insurance carriers.  The Actuarial Analyst performs health insurance rate filing reviews in accordance with actuarial principles, Maryland statutes, and guidelines of the Office of the Chief Actuary. The incumbent provides support to the Senior Actuary as it pertains to actuarial/financial reports and the review of proposed legislation and regulation.

 

MINIMUM QUALIFICATIONS

Actuarial Analyst I

 

Education:  Bachelor's degree from an accredited college or university in Mathematics, Actuarial Science, Statistics or related fields.

 

Experience:  One (1) to two (2) years of actuarial or insurance analysis experience in the health industry.

 

Special Requirements: Completion of one (1) Society of Actuary exam.

 

 

Actuarial Analyst II

 

Education:  Bachelor's degree from an accredited college or university in Mathematics, Actuarial Science, Statistics or related fields.

 

Experience:  Two (2) to three (3) years of actuarial or insurance analysis experience in the health industry.

 

Special Requirements: Completion of three (3) Society of Actuary exams or of two (2) Society of Actuary exams and all three required (3) VEE –Validation by Educational Experience topics.

 

DESIRED OR PREFERRED QUALIFICATIONS

·         Ability to communicate effectively verbally and in writing.

·         Ability to analyze information and draw accurate conclusions.

·         Strong computer experience, to include experience with Microsoft Excel and Word.

SELECTION PROCESS

Applicant must document, in their resume, completion of actuarial exam(s) and VEE requirements as required by the specific job level. Proof of completion must be submitted prior to an interview. Clearly indicate your college degree and major in your resume.  For education obtained outside the of U.S., a course-by-course evaluation of your foreign transcript will be required. Candidates scheduled for an interview must submit verification of education prior to the appointment.  

BENEFITS

FURTHER INSTRUCTIONS

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

1. a cover letter which includes specific salary requirements; and

2. a current professional resume.

 

If you are unable to apply online, you may submit an application by mail.  The paper application must be received by close of business, on the closing date for the recruitment.  Postmarks will not be accepted. 

Complete application packets may be mailed to:

Maryland Insurance Administration

Human Resources - Recruitment #:  21-009640-0002

St. Paul Place, Suite 2700

Baltimore, MD 21202

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.



Click on a link below to apply for this position:

Fill out the Application NOW using the Internet. Apply Online
Apply via Paper Application. You may also download and complete the Paper Application here.