Senior Market Conduct Examiner (Repost)
MIA ADMINISTRATOR I
|Department||Maryland Insurance Administration|
|Date Opened||6/14/2018 12:30:00 PM|
|Filing Deadline||6/28/2018 11:59:00 PM|
|Salary||$46,857.00 - $56,374.00/year|
|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
The MIA is recruiting for a Senior Market Conduct Examiner, Life & Health, for the Compliance and Enforcement Unit. This position reports to the Chief Market Conduct Examiner, Life and Health. Responsibilities range from conducting to supervising statutory and discretionary examinations or investigations of the insurance business practices of life and health insurers, health maintenance organizations and other regulated entities including, but not limited to third-party administrators; managed care organizations; pharmacy benefit managers; private review agents; fraternal benefit societies; and out-of-state associations. These exams and investigations ensure compliance with applicable insurance laws and regulations. The duties of this position also include supervising other examiners, drafting examination reports and ensuring that market conduct actions are conducted professionally and according to State and national regulatory standards. Frequent in and out-of-state travel is required.
Education: A 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.
DESIRED OR PREFERRED QUALIFICATIONS
Knowledge of the applicable laws and regulations enforced by the Maryland Insurance Administration, as well as the various entities under the regulatory authority of the Maryland Insurance Administration.
The ability to work independently and/or closely in cooperation with other examiners.
Strong verbal and written communication skills.
Prior supervisory or management skills are preferred.
Experience in the Life or Health Insurance industry is preferred.