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Life Insurance Analyst

Recruitment #13-009638-002

Introduction

The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s insurance industry and protects Maryland consumers.  There are approximately 1,600 insurance companies and more than 135,000 insurance producers (agents and brokers) that conduct business in the State of Maryland and that impact Maryland citizens who purchase insurance products.  Through the diligence of a highly professional staff, the MIA works to facilitate a strong insurance marketplace where consumers are well informed and treated fairly.   

IMPORTANT:  To be considered for a position with the MIA, you must upload a single document that contains a cover letter stating your interest with your salary history and salary requirements, along with a current professional resume.  Refer to the "Further Instructions" section at the end of this page.

Main Purpose of Job

The MIA’s Life & Health Unit is recruiting for the position of Analyst in the Actuarial Review Forms Unit. The Analyst determines compliance of carriers selling life insurance and annuities with Maryland insurance laws, regulations, and Administration requirements by reviewing life insurance and annuity policies, riders, applications and endorsements submitted for approval by carriers.

MINIMUM EDUCATION OR GENERAL REQUIREMENTS

Education:     Bachelor's degree from an accredited four-year college or university, preferably with an emphasis on mathematics, insurance, or finance.

Experience:  None.

Note:  Applicant may substitute two years of experience drafting or analyzing life or annuity contract forms for a regulatory agency, or licensed insurer, for the required education.  

DESIRED OR PREFERRED QUALIFICATIONS

  • Knowledge of Maryland insurance laws and regulations, and the ability to interpret, analyze, and explain  applicable laws and regulations.
  • Mathematical proficiency.
  • Familiarity with life insurance or annuity actuarial calculations.
  • Excellent written and verbal communication skills.
  • Ability to independently and effectively work with insurance carriers and the public.

FURTHER INSTRUCTIONS

For immediate consideration, you MUST upload a single document at the "Resume" tab that contains:

             1) a cover letter stating your interest;

             2) salary history;

             3) specific salary requirements; and

             4) a current professional resume.

If you are unable to apply online, you may submit via mail.  Please be sure to include all documents listed above to ensure timely processing.

Complete application packets may be mailed to:

Maryland Insurance Administration

Human Resources - Recruitment#: 13-009638-002

200 St. Paul Place, Suite 2700

Baltimore, MD 21202



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