ELECTRONIC DATA PROCESSING (EDP) SPECIALIST

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 or Hybrid (between office and telework)

The Maryland Insurance Administration (MIA) is recruiting to fill an EDP Financial Examination Specialist in the Financial Regulation Division. The EDP Financial Examination Specialist assists on financial examinations of Maryland-domiciled insurance companies, which includes all types of entities regulated by the MIA. The EDP Financial Examination Specialist performs procedures related to the Evaluation of Controls in Information Technology (IT) or any other procedures necessary to conclude upon the effectiveness of the company’s general controls in mitigating the risks identified, assessing controls and identifying exception conditions. IT general controls (ITGCs) are policies and procedures that help ensure proper operation of computer systems, including controls over network operations, software acquisition and maintenance, and access security.

EDP Financial Examination Specialist reports to and meets with the Examiner-In-Charge, Assistant Chief Examiner and Chief Examiner in order to keep them apprised of the progress and status of the examination work assigned as well as any problems, exceptions or issues disclosed. In addition, suggests alternative approaches or recommends improvements to the examination plan based upon the conditions encountered in performing work in order to ensure that an effective and efficient examination approach is used; and prepares workpapers to document the examination work performed in accordance with MIA policies and procedures.

Maryland-domiciled insurance companies are located throughout Maryland and, in some cases, in other states.  On occasion, it may be necessary for the EDP Financial Examination Specialist to make long daily commutes to the insurers’ offices or, for distant or out-of-state insurers, stay overnight near the insurers’ offices.  The EDP Financial Examination Specialist may assist on more than one financial examination simultaneously, and may function in a lead capacity and coordinate the work of other EDP Specialists. 

Education: Bachelor’s degree from an accredited college or university.

Experience: Three years of experience with a state insurance department, public accounting firm or similar audit entity, or an insurance company in a financial or audit related area, one year of which is in an EDP specialist capacity.

Licenses Registrations and Certifications: Accredited Financial Examiner (AFE), Automated Examination Specialist (AES), Certified Information Systems Auditor (CISA), Certified Financial Examiner (CFE), or Information Systems Audit and Control Association (ISACA) designation required.

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. 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 #:  23-009644-0003

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.