Lead, Company Licensing Analyst
Recruitment #22-009640-0003
Department | Maryland Insurance Administration |
---|---|
Date Opened | 4/27/2022 4:25:00 PM |
Filing Deadline | 9/30/2022 2:23:00 PM |
Salary | $51,649.00 - $82,727.00/year |
Employment Type |
Full-Time
|
HR Analyst | Carla Harrison |
Work Location |
Baltimore City
|
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
LOCATION OF POSITION
Baltimore City, Telework, or Hybrid (between office and
telework)
POSITION DUTIES
The Maryland Insurance Administration’s Financial Regulation Division is recruiting to fill a Lead, Company Licensing Analyst
position. This position performs in-depth statutory compliance and financial
analysis, including, but not limited to, the computation and interpretation of
ratios, statistical pattern analysis, and the study and interpretation of
various company and industry trends, and reconciliation of corporate financial
filings such as annual statements, actuarial opinions, management discussion
and analysis reports, examination reports and various schedules submitted by
insurers requesting licensing in Maryland. The position
also performs quarterly analysis of foreign companies licensed in Maryland
to test solvency and identify any companies whose certificate of authority is
in jeopardy; and service of process responsibilities. The Lead, Company
Licensing Analyst assigns, reviews the work of, and provides training to a
lower level Company Licensing Analyst.
MINIMUM QUALIFICATIONS
Education: Bachelor’s degree from an
accredited college or university.
Experience: Four years of experience
examining, analyzing, and interpreting financial records and reports.
Note: Certified Public Accountant (CPA),
Accredited Financial Examiner (AFE) or Certified Financial Examiner (CFE)
designation and two years of experience examining, analyzing, and
interpreting financial records and reports may substitute for the experience
requirement.
BENEFITS
FURTHER INSTRUCTIONS
Please contact: charrison@maryland.gov for
additional information concerning this recruitment. Online applications are
strongly preferred. For immediate consideration: upload one (1) WORD or PDF
file, that includes your combined cover letter and resume, to the
"Resume" tab. Please ensure your cover letter states your interest
and salary requirements.
If you are unable to apply online, you may
submit an application packet by mail. Your submission 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 #: 22-009640-0003
200 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.