CHIEF FINANCIAL ANALYST
Recruitment #22-009662-0003
Department | Maryland Insurance Administration |
---|---|
Date Opened | 11/16/2022 2:35:00 PM |
Filing Deadline | Open/Continuous |
Salary | $125,631.00- $155,248.00/year (Salary Guidelines Apply) |
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 Management Service position that
serves at the pleasure of the appointing authority.
GRADE
25
LOCATION OF POSITION
Baltimore City or Hybrid (between office and telework)
POSITION DUTIES
The MIA is recruiting to fill
the position of Chief Financial Analyst in the Financial Regulation Division.
This position manages the Financial Analysis Unit. This Unit monitors the
statutory compliance and solvency of domestic (Maryland) and foreign
(non-Maryland) insurance companies, health maintenance organizations,
non-profit health plans, dental plans, and managed care organizations which
transact business in Maryland, on a continuous on-going basis in order to
protect Maryland citizens. The Chief Financial Analyst researches and develops accounting,
financial, regulatory and analysis policies and procedures; identifies
significant issues and solvency risk areas and potential troubled companies;
and develops recommended MIA course of action. This position provides direct
supervision of Assistant Chief Financial Analyst staff and indirect supervision
of Financial Analyst I (entry level) through Senior Financial Analyst (lead
level) staff.
MINIMUM QUALIFICATIONS
Education: Bachelors’ degree from an accredited college
or university.
Experience: Five years of experience with a state
insurance department, public accounting firm or similar audit entity, or
another entity in a financial or audit-related area; and four of those years
must be in an in-charge or supervisory capacity.
Licenses, Registrations and Certification: Active Certified Public Accountant (CPA) or Certified Financial Examiner (CFE) designation required.
DESIRED OR PREFERRED QUALIFICATIONS
The ideal
candidate will have:
- Strong writing skills. Ability to draw sound conclusions and
prepare written documentation.
- Strong Excel skills and ability to pull together ad-hoc
reports pulling information from multiple sources.
- Ability to research and apply applicable laws and
regulations.
- Prior experience in the insurance industry or the
regulation of the insurance industry.
- Knowledge of Statutory Accounting Principles (SAP).
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 #:
22-009662-0003
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.
Click on a link below to apply for this position:
Fill out the Application NOW using the Internet. | ![]() |
Apply via Paper Application. | You may also download and complete the Paper Application here. |