Senior Market Conduct Examiner (Property and Casualty)
MIA ADMINISTRATOR I
Recruitment #23-009641-0002
Department | Maryland Insurance Administration |
---|---|
Date Opened | 2/6/2023 4:30:00 PM |
Filing Deadline | 2/20/2023 4:30:00 PM |
Salary | $59,608.00 - $92,290.00/year (Salary Guidelines Apply) |
HR Analyst | Lynn Hill |
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
Baltimore City (Position is primarily teleworking, but
on-site examinations or office visits may be required).
Main Purpose of Job
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.
MINIMUM QUALIFICATIONS
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.
DESIRED OR PREFERRED QUALIFICATIONS
Preferred: Ability to
extrapolate and analyze large amounts of data.
Prior supervisory
experience.
LIMITATIONS ON SELECTION
BENEFITS
FURTHER INSTRUCTIONS
If you have any questions
about 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 that are listed above, to ensure timely processing.
Complete application
packets may be mailed to:
Maryland Insurance
Administration Human Resources - Recruitment#: 23-009641-0002
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.
As an equal opportunity
employer Maryland is committed to recruiting, retaining and promoting employees
who are reflective of the State's diversity