Senior Market Conduct Examiner
MIA ADMINISTRATOR I
|Department||Maryland Insurance Administration|
|Date Opened||8/5/2022 3:00:00 PM|
|Filing Deadline||8/19/2022 3:00:00 PM|
|Salary||$54,992 - $71,488/year with potential progression to $88,315/year (Salary Guidelines Apply)|
|HR Analyst||Lynn Hill|
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.
LOCATION OF POSITION
Main Purpose of Job
This position is in Property and Casualty Market Conduct. A senior examiner leads examination teams. The position requires overseeing multiple market conduct investigations while writing detailed inquiry letters, investigation reports and statement of charges. The senior examiner reviews and edits reports, and prepares work assignments for the examiners. The senior examiner also interacts with people at different levels within the Insurance Administration and the company being examined.
An exam requires a knowledge of the principles and practices of insurance, underwriting, rating, and claims, and Maryland insurance laws and regulations. During the exam, the examiner will extrapolate data from Company spreadsheets in order to break down information for use in the development of the market conduct examination report, as well as analyzing data for the completion of investigations and surveys. The examiner will also have to evaluate claim payments and underwriting and rating practices for compliance with insurance laws; to determine the accuracy and adequacy of records; and to write complete and accurate reports of examinations. Sound judgment and discretion in handling an array of issues are also required.
The successful candidate will have the following skills: basic statistical sampling and analysis, understanding and applying statutes and regulations, strong reading and writing, interviewing and investigation techniques, and professional interpersonal skills.
Education: Bachelor's degree from an accredited four-year college or university.
Experience: Five (5) years of work experience as an underwriter, claims adjuster, insurance producer, insurance regulator, or related profession.
Note: Nine years of work experience as an underwriter, claims adjuster, insurance producer, insurance regulator, or related profession may substitute for the minimum qualifications.
If you have any questions about this recruitment, please contact email@example.com
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 that are listed above, to ensure timely processing.
Complete application packets may be mailed to:
Maryland Insurance Administration Human Resources - Recruitment#: 22-009641-0002
200 St. Paul Place, Suite 2700
Baltimore, MD 21202
Incomplete submission will not receive consideration.
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As an equal opportunity employer Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State's diversity