LEAD LIFE INSURANCE ANALYST

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, Remote, or Hybrid (between office and telework)

The MIA is seeking an internal candidate to fill a Lead Life Insurance Analyst position in the Life, Annuities and Credit Unit. The Lead position analyzes individual and group life and annuity contracts, certificates, riders, applications and endorsements for compliance with Maryland Laws and Regulations and for fairness to Maryland residents who are purchasing such coverage; approving those that comply; and corresponding with insurance companies regarding revisions that will permit approval for delivery in Maryland. The Lead Life Insurance Analyst provides training to less experienced Analysts in the review of all types of life and annuity contract forms and performs quality reviews of the Analysts’ completed work.

Education: Possession of a bachelor’s degree from an accredited college or university.

Experience: Four years of experience drafting or analyzing life, annuity or credit insurance for a regulatory agency, or licensed insurer.

Note: The requirements indicated below are acceptable substitutions to the above minimum requirements:

1- Six years experience drafting or analyzing life, annuity or credit insurance for a regulatory agency or licensed insurer; or 

2- Five years of experience drafting or analyzing life, annuity or credit insurance for a regulatory agency or licensed insurer and passing of six (6) LOMA examinations or three (3) Society of Actuaries’ Actuarial examinations or a combination of above if approved by the supervisor; or 

3- Possession of a Juris Doctorate degree and three years of experience drafting or analyzing life, annuity or credit insurance for a regulatory agency or licensed insurer.

This recruitment is limited to current employees of the Life, Annuities & Credit Unit in the MIA’s Life and Health Division. 

STATE OF MARYLAND BENEFITS

Please contact: charrison@maryland.gov for additional information concerning this recruitment. Applications must be submitted, by the closing date of the recruitment, using the on–line application system.

TTY Users call Maryland Relay Service at 1-800-735-2258.

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, 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