Market Data Analyst
MIA ANALYST II
Recruitment #22-009640-0006
Department | Maryland Insurance Administration |
---|---|
Date Opened | 11/23/2022 10:00:00 AM |
Filing Deadline | 12/7/2022 11:59:00 PM |
Salary | $53,974/year - $86,450/year (Salary Guidelines Apply) |
Employment Type |
Full-Time
|
HR Analyst | Lynn Hill |
Work Location |
Baltimore City
|
Telework Eligible | Yes |
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
LOCATION OF POSITION
Main Purpose of Job
POSITION DUTIES
The MIA's Market Regulation and Professional License 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.
SELECTION PROCESS
position. For education obtained outside of the U.S., a course-by-course evaluation of
the equivalent American education, as determined by a foreign credential evaluation service, is
required.
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 #: 22-009640-0006
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.