Insurance Examiner I-III
Recruitment #22-009639-0003
Department | Maryland Insurance Administration |
---|---|
Date Opened | 9/13/2022 10:30:00 AM |
Filing Deadline | 9/27/2022 11:59:00 PM |
Salary | Salary Commensurate with Experience |
Employment Type |
Full-Time
|
HR Analyst | Carla Harrison |
Work Location |
Baltimore City
|
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 Special Appointment position that
serves at the pleasure of the appointing authority.
GRADE
**Salary Guidelines apply**
Insurance Examiner I: Salary
Range (grade 15): $48,525- $77,504/year
Insurance Examiner II: Salary Range (grade 16): $ 51,649- $ 82,727/year
Insurance Examiner III: Salary Range (grade 17): $54,992-
$88,315/year
LOCATION OF POSITION
Baltimore City or Telework
POSITION DUTIES
The MIA's Financial Regulation Division is
recruiting to fill an Insurance Examiner position at the I (entry), II
(intermediate) or III (full performance) levels. Insurance Examiners
conduct financial examinations of Maryland-domiciled insurance companies.
This work involves examining individual financial statement accounts for
accounting, solvency, or compliance issues; and preparing work papers to
document examination work performed. Subject to pandemic-induced
restrictions, portions of the work are performed at the insurance companies’
offices, and portions are performed via telework. Accordingly, Insurance
Examiners may be required to travel in state and out of state to visit the
offices of insurance companies or other entities regulated by the State, or
other locations that may provide sources of information needed to complete
assigned tasks.
MINIMUM QUALIFICATIONS
Insurance Examiner I
Education: Bachelor's degree in accounting from an accredited
college or university; or a bachelor’s degree from an accredited college or
university to include or supplemented by 6 credit hours in Accounting, 3 credit
hours in Finance or Economics, 3 credit hours in Business Law.
Experience: None
Insurance Examiner II
Education: Bachelor's degree in accounting from an accredited
college or university; or a bachelor’s degree from an accredited college or
university to include or supplemented by 6 credit hours in Accounting, 3 credit
hours in Finance or Economics, 3 credit hours in Business Law.
Experience: One year
of experience with a state insurance department, public accounting firm or
similar audit entity, or another entity in a financial or audit-related area.
Insurance Examiner III
Education: Bachelor’s degree from an accredited college or
university.
Experience: Two years of experience with a state insurance
department, public accounting firm or similar audit entity, or another entity
in a financial or audit-related area.
Special Requirements: Successful completion of at least one part
of the Certified Public Accountant (CPA) or Accredited
Financial Examiner (AFE) examination.
Selection Plan
A transcript is
required to verify that applicants meet the education requirements for this
position. For education obtained outside the U.S., a course-by-course
evaluation of your foreign transcript may be requested prior to interview.
BENEFITS
FURTHER INSTRUCTIONS
Please contact: charrison@maryland.gov for
additional information concerning this recruitment. Online applications are
strongly preferred. For immediate consideration:
1- Upload one (1) WORD or PDF file, at the
"Resume" tab, that contains a cover letter stating your interest
and salary requirements, and a current professional resume.
2- Upload transcript and, if applicable, a
course-by-course evaluation of foreign education credentials.
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 #: 22-009639-0003
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.