Insurance Analyst, Property & Casualty Rates & Forms
|Department||Maryland Insurance Administration|
|Date Opened||9/13/2013 3:45:00 PM|
|Filing Deadline||10/18/2013 11:59:00 PM|
|Salary||$39,366.00 - $62,656.00/year|
|HR Analyst||Carla Harrison|
The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s 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 financial analysts, accountants, lawyers, law enforcement officers, actuaries, and others, the MIA works to facilitate a strong 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 range of responsibilities including the licensure of insurance companies 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 companies are subject to market conduct examinations to monitor compliance with Maryland law. The MIA has a unit dedicated to consumer education and outreach, which participates in hundreds of events and reaches thousands of individual consumers annually.
Main Purpose of Job
The MIA's Property and Casualty Unit is recruiting for the position of Insurance Analyst in the Rates and Forms section. Responsibilities include performing timely and accurate reviews of Property & Casualty rate/rule and forms filings, to ensure compliance with the Insurance Article and Code of Maryland Regulations (COMAR); communicating with filers to request support for or changes to provisions of filings; updating databases to reflect the most current activity on filings; reviewing and maintaining appropriate filing workflow to ensure timely handling of filings; and responding to questions concerning filing requirements and status.
MINIMUM EDUCATION OR GENERAL REQUIREMENTS
Education: Bachelor’s degree from an accredited college or university.
Experience: A minimum of one (1) to three (3) years of experience in the development or review of Property & Casualty rate and form filings.
Note: Graduation from an accredited law school may be substituted for experience and professional designation.
DESIRED OR PREFERRED QUALIFICATIONS
- Strong analytical and writing skills.
- Knowledge of and experience working with the Annotated Code of Maryland and COMAR.
- Knowledge of and experience working with Systems for Electronic Rate and Form Filing (SERFF) is preferred.
- Chartered Property Casualty Underwriter (CPCU) or Association in Claims (AIC) designation is preferred.
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 the requested information via mail. Please include all items listed above to ensure consideration. Incomplete submission will not receive consideration.
As an equal opportunity employer Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.