EXECUTIVE DIRECTOR OF PREMIUM TAX & LICENSING
|Department||Maryland Insurance Administration|
|Date Opened||10/21/2021 11:00:00 AM|
|Filing Deadline||2/14/2022 1:57:00 PM|
|Salary||$80,074.00 - $128,568.00/year|
|HR Analyst||Carla Harrison|
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 Management Service position that serves at the pleasure of the appointing authority.
LOCATION OF POSITION
Baltimore City (potential for hybrid between office and teleworking)
The Maryland Insurance Administration’s (MIA) Financial Regulation Division is recruiting for an Executive Director of Premium Tax and Licensing. This position is responsible for overseeing the audits of premium taxes and the company licensing process. The Executive Director manages the audit of premium taxes from licensed entities and surplus line writers, which involves the collection of premium taxes, health care access assessments and reconciliations of premium tax payments. This position ensures that the State’s premium tax law is applied to company online filings and ensures that all eligible companies file an annual return and make appropriate payments to the State of Maryland. The Executive Director prepares reports and responds to State budget agencies’ requests for information related to premium tax revenues collected; and prepare reports on tax revenues, tax credits, refunds and overpayments as required by the Associate Commissioner of Financial Regulation. This position also provides training on tax audit responsibilities and maintains updated procedures and instructions for proper completion of audits.
The Executive Director also provides oversight of the MIA’s Company Licensing and Professional Licensing Units. This position manages the issuance of licenses and license renewals to approximately 1,600 regulated entities and is responsible for the collection of related fees, penalties, fines, and forfeitures. This position also manages the MIA’s compliance with State statutes and regulations pertaining to the licensing of insurance professionals; and ensures the Administration properly conducts investigations and pursues administrative actions involving the State’s licensed resident and non-resident insurance professionals that fail to comply with Maryland licensing laws.
The Executive Director of Premium Tax and Licensing provides direct supervision of the Director of Company Licensing, the Director of Professional Licensing, and Premium Tax Examiners. This position also provides oversight of the internal producer licensing audit function conducted by the Financial Regulation Division, and the Service of Process function.
Education: A Bachelors’ degree from an accredited college or university.
Experience: Five years of experience performing fiscal or audit related work for an insurance regulatory agency or insurance company; and at least two years of supervisory experience in a fiscal or audit related capacity.
DESIRED OR PREFERRED QUALIFICATIONS
Master's degree in accounting, business, finance or related field.
Possession of a Certified Public Accountant (CPA) designation.
Please contact: firstname.lastname@example.org 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 stating your interest and 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 #: 21-009661-0001
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.