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Associate Commissioner, Market Regulations

Recruitment #21-009662-0001

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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.

This is a Management Service position, and serves at the pleasure of the Appointing Authority.

GRADE

25

Main Purpose of Job

The Maryland Insurance Administration (MIA) is recruiting for the position of Associate Commissioner, Market Regulation Division. This position reports directly to the Maryland Insurance Commissioner and serves as one of the MIA’s senior staff subject matter experts on issues concerning the oversight of domestic and foreign insurance companies and other entities regulated by the Maryland Insurance Administration.  The Associate Commissioner directs the day-to-day operations of the Market Regulation Division and oversees the market conduct, market analysis and title functions and meets regularly with the Insurance Commissioner to review both property and casualty and life and health regulatory issues identified through market conduct examinations and investigations. The incumbent may be required to travel in-state and out-of-state to meet with various stakeholders, senior personnel at the offices of insurance companies, other MIA-regulated entities, consumers, and legislators.

POSITION DUTIES

This position will:

  • Establish work priorities of the Market Regulation Division with the Insurance Commissioner, based on statutory requirements, market trends, consumer complaints, and other relevant factors. 
  • Oversee the continuous improvement and modernization of market oversight techniques, tools and capabilities. 
  • Provide direction to in-house and contracted staff conducting comprehensive and targeted market conduct examinations and other market actions. 
  • Coordinate with other MIA senior staff to ensure thorough and consistent regulatory action and minimize duplication of efforts. 
  • Serve as a member of the Insurance Commissioner's senior staff and provide advice in matters pertaining to industry compliance with regulation and laws. 
  • Represent the Administration and the Insurance Commissioner or serve as a member on NAIC committees, task forces, and/or working groups. 
  • Represent the Administration and Insurance Commissioner and provide testimony at legislative hearings.

MINIMUM QUALIFICATIONS

Education:  Possession of a Bachelor's Degree from an accredited four-year college or university.

Experience:  At least 10 years of prior insurance-related governmental or industry regulatory experience in regulatory compliance, including at least 3 years of supervisory/management experience.

DESIRED OR PREFERRED QUALIFICATIONS

  • Law Degree, Master’s Degree in Business Administration or Public Administration, or equivalent strongly preferred. 
  • Knowledge of Maryland insurance laws and regulations. 
  • Experience overseeing the analysis of complex sets of data to identify market trends, and business or management deficiencies. 
  • Prior experience as a senior level manager of an insurance company or insurance regulatory agency. 
  • Prior investigatory experience or experience performing examinations of regulated entities. 
  • Excellent written and verbal communication and organizational skills.

BENEFITS

FURTHER INSTRUCTIONS

If you have any questions concerning this recruitment, please contact recruitment.mia@maryland.gov.

For immediate consideration, you MUST upload one file (WORD or PDF) at the "Resume" tab that contains: 
1. a cover letter stating your interest and salary requirements; and 
2. a current professional resume.

The online application process is STRONGLY preferred. If you are unable to apply online, you may submit the requested information via mail. Complete application packets may be mailed to: 

Maryland Insurance Administration 
Human Resources - Recruitment #: 21-009662-0001 
St. Paul Place, Suite 2700 
Baltimore, MD 21202

Incomplete submissions will not receive consideration.  

TTY  Users: call via Maryland Relay   

As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity. People with disabilities and bilingual candidates are encouraged to apply. We thank our Veterans for their service to our country.




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