SENIOR FINANCIAL ANALYST I

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. *

Baltimore City, Hybrid (between office and telework), or 100% remote

The MIA is recruiting to fill the position of Senior Financial Analyst I in the Financial Regulation Division. This position represents the lead level of work performing in-depth reviews of insurers’ annual and quarterly statements, as well as all other filings, to identify and assess the insurer’s exposure to the branded risk classifications. This position investigates and assesses significant unusual items, fluctuations or other issues found and significant prospective risks with the potential to affect the solvency of the insurer. The Senior Financial Analyst I researches related topics/issues, documents significant findings, writes an overall summary, prepares draft correspondence and concludes on the financial condition and statutory compliance of the insurers. In addition, the Senior Financial Analyst I performs in-depth reviews of the work products of assigned Financial Analysts; prepares review notes related to those reviews; and ensures that areas of concern are properly addressed.

Education: Bachelors’ degree from an accredited college or university.

Experience: Three years of experience with a state insurance department, a public accounting firm or similar audit entity, or another entity in a financial or audit-related area is required. 

Licenses, Registrations and Certifications: Active Certified Public Accountant (CPA), Accredited Financial Examiner (AFE) or Certified Financial Examiner (CFE) designation required.

This recruitment is limited to current employees in the Maryland Insurance Administration’s Financial Analysis Section only.

STATE OF MARYLAND BENEFITS

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.

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 #: 23-009643-0001

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.