COMPANY LICENSING ANALYST **Repost**
MIA Analyst I
Recruitment #23-009639-0003
Department | Maryland Insurance Administration |
---|---|
Date Opened | 5/25/2023 5:30:00 PM |
Filing Deadline | 12/7/2023 3:23:00 PM |
Salary | $52,575.00 - $80,992.00/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 $46 billion 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
Baltimore City, Hybrid (between office and
telework), or 100% remote
POSITION DUTIES
The Maryland Insurance Administration’s
Financial Regulation Division is recruiting to fill a Company Licensing Analyst
position. As a Company Licensing Analyst, your skills will play a critical role
on a team dedicated to protecting consumers by regulating insurers. This position performs in-depth statutory
compliance and financial analysis of applications from companies seeking a
license to operate as an insurer in Maryland.
Core duties include 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. This 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.
MINIMUM QUALIFICATIONS
Education: Bachelor’s degree from an
accredited college or university.
Experience: Two 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 may substitute for the experience requirement.
DESIRED OR PREFERRED QUALIFICATIONS
Prior experience in the insurance or insurance
regulatory industry.
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 #: 23-009639-0003
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