Senior Market Conduct Examiner - Life & Health **REPOST**
MIA ADMINISTRATOR I
Recruitment #23-009641-0005
Department | Maryland Insurance Administration |
---|---|
Date Opened | 11/14/2023 5:30:00 PM |
Filing Deadline | 4/19/2024 11:59:00 PM |
Salary | $60,801.00 - $97,940.00/year (State Guidelines Apply) |
Employment Type |
Full-Time
|
HR Analyst | Lynn Hill |
Work Location |
Baltimore City
|
Telework Eligible | Yes |
Introduction
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 Special Appointment position that serves at the pleasure of the appointing authority.
GRADE
LOCATION OF POSITION
Main Purpose of Job
This position functions as a senior examiner and examiner-in-charge performing examinations, investigations, and desk audits of the business practices of HMOs, dental plans, nonprofit health service plans, and life and health insurers, and any other person or entities engaged in the life and health insurance industry and regulated by the Maryland Insurance Administration.
This position functions as
a lead examiner overseeing all aspects of market conduct examinations and
investigations. The Senior Market Conduct Examiner may be a liaison between the
market conduct team and the company being examined, and may assign tasks to
team members working on an exam in addition to performing analysis of
information provided by the company. The Senior Market Conduct Examiner may
also draft correspondence, reports, and orders resulting from the exam.
MINIMUM QUALIFICATIONS
Education: Bachelor’s degree
from an accredited four-year college or university.
Experience: Five (5)
years of work experience as an insurance regulator or in the Compliance or
Legal department of a life or health carrier or related profession.
OR
Nine years of work
experience as an insurance regulator or in the Compliance or Legal
department of a life or health carrier or related profession.
DESIRED OR PREFERRED QUALIFICATIONS
- Knowledge of Maryland insurance laws and regulations and/or federal regulations concerning life and health insurance
- Familiarity with the standards in the NAIC Market Regulation Handbook and standard market conduct practices
- An Accredited Insurance Examiner or Certified Insurance Examiner designation from the Insurance Regulatory Examiners Society or similar credential
- Strong research abilities
- Ability to communicate effectively verbally and in writing
- Ability to analyze information and draw accurate conclusions
BENEFITS
FURTHER INSTRUCTIONS
If you have any questions
about this recruitment, please contact lynn.hill@maryland.gov
For immediate
consideration, upload one WORD or PDF file, at the "Resume" tab, that
contains:
1. a cover letter
stating your interest and specific salary requirements; and
2. a current
professional resume.
If you are unable to
apply online, you may submit via mail. Please be sure to include all
documents that are listed above, to ensure timely processing.
Complete application
packets may be mailed to:
Maryland Insurance Administration Human Resources - Recruitment#: 23-009641-0005
200 St. Paul Place, Suite
2700 Baltimore, MD 21202
Incomplete submission
will not receive consideration.