CHIEF FINANCIAL ANALYST
|Department||Maryland Insurance Administration|
|Date Opened||11/16/2022 2:35:00 PM|
|Salary||$125,631.00- $155,248.00/year (Salary Guidelines Apply)|
|HR Analyst||Carla Harrison|
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.
LOCATION OF POSITION
Baltimore City or Hybrid (between office and telework)
The MIA is recruiting to fill the position of Chief Financial Analyst in the Financial Regulation Division. This position manages the Financial Analysis Unit. This Unit monitors the statutory compliance and financial solvency of domestic (Maryland) insurance companies, health maintenance organizations, non-profit health plans, dental plans, and managed care organizations which transact business in Maryland, on a continuous on-going basis in order to protect Maryland citizens. The Chief Financial Analyst manages the entire financial analysis process to ensure that the analyses are performed effectively, efficiently and timely, that analysis procedures are sufficient to assess the companies’ financial condition and that procedures will detect financial solvency risk areas and meet MIA and NAIC accreditation standards. The Chief Financial Analyst researches and develops accounting, financial, regulatory and analysis policies and procedures; identifies significant issues and solvency risk areas and potential troubled companies; and develops recommended MIA course of action. This position provides direct supervision of Assistant Chief Financial Analyst staff and indirect supervision of Financial Analyst I (entry level) through Senior Financial Analyst (lead level) staff.
Education: Bachelors’ degree from an accredited college or university.
Experience: Five 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; and four of those years must be in an in-charge or supervisory capacity.
Licenses, Registrations and Certification: Active Certified Public Accountant (CPA) or Certified Financial Examiner (CFE) designation required.
DESIRED OR PREFERRED QUALIFICATIONS
The ideal candidate will have:
- Strong writing skills. Ability to draw sound conclusions and prepare written documentation.
- Strong Excel skills and ability to pull together ad-hoc reports pulling information from multiple sources.
- Ability to research and apply applicable laws and regulations.
- Prior experience in the insurance industry or the regulation of the insurance industry.
- Knowledge of Statutory Accounting Principles (SAP).
Please contact: email@example.com 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 ensure your cover letter states your interest and salary requirements.
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 #: 22-009662-0003
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.
Click on a link below to apply for this position:
|Fill out the Application NOW using the Internet.|
|Apply via Paper Application.||You may also download and complete the Paper Application here.|