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CHIEF ACTUARY, PROPERTY AND CASUALTY

MIA CHIEF ACTUARY

Recruitment #24-009322-0001

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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.

 

* This is a Management Service position that serves at the pleasure of the appointing authority.

GRADE

MIA 0027

LOCATION OF POSITION

Baltimore City or hybrid (between office and telework)

POSITION DUTIES

The Chief Actuary, Property and Casualty directs and manages the actuarial operations and supervises Actuaries assigned to the MIA’s Property and Casualty Division. The Chief Actuary reviews rate/rule filings for adherence to actuarial principles and compliance with the Annotated Code of Maryland Insurance Article and COMAR. This position conducts surveys, special studies, data calls and prepares reports as required. This position also provides actuarial perspective and recommendations to the Property and Casualty (P&C) Division staff, the P&C Workgroup and other sections of the MIA; and may provide testimony in support of the analysis or opinions at rate hearings. The Chief Actuary reviews proposed legislation and regulations as assigned; and utilizes various types of software to perform job functions.


The Chief Actuary, Property and Casualty reports directly to the Insurance Commissioner.

MINIMUM QUALIFICATIONS

  • Bachelor's degree from an accredited college or university in Mathematics, Actuarial Science, Statistics, Insurance, Risk Management or related fields; 
  • A minimum of ten (10) years of property/casualty actuarial experience; and 
  • Fellow or Associate of the Casualty Actuarial Society (FCAS or ACAS) designation and Membership in the American Academy of Actuaries required. 

DESIRED OR PREFERRED QUALIFICATIONS

  • In-depth understanding of property and casualty insurance ratemaking procedures and rate regulatory statues.
  • Strong mathematical, and written and verbal communication skills.
  • Exceptional problem- solving skills.
  • Prior leadership experience, which included managing actuarial staff. 

BENEFITS

Our comprehensive benefits package includes a generous leave package; medical, prescription, dental and vision coverage; healthcare and dependent daycare flexible spending accounts; a defined benefit pension plan with optional 457 and 401k supplemental retirement plans; flexible work schedules; and service that may qualify the successful candidate for the Federal Public Service Loan Forgiveness Program.


STATE OF MARYLAND 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 indicate your salary requirements in the cover letter.

 

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 #: #24-009322-0001

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.

 




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