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Assistant Chief Examiner

Recruitment #14-009660-001

Introduction

The Maryland Insurance Administration (“the 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 and other actions 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 Assistant Chief Examiner directs the planning and conducting of statutory financial examinations of Maryland-domiciled insurance companies, in order to assess companies’ financial condition, enforce solvency standards, and determine compliance with applicable laws and regulations, in accordance with MIA policies and procedures.  This position will monitor the process and direction of the examinations; supervise the Examiner-in-Charge and staff examiners; review examiniation workpapers to ensure examinations are carried our in accordance with MIA policies and procedures and that deviations to the plan are appropriate; and oversee the preparation  and the submission of examination reports. This position reports to the Chief Examiner significant issues and solvency risk areas identified during the examination process, and recommends course of action to addresses these concerns.    

The Assistant Chief Examiner will work in a typical office environment and on-site in the offices of insurance companies being examined.  This position requires extensive travel, in State and out-of state, that may involve long commutes or overnight stays.  

MINIMUM EDUCATION AND EXPERIENCE REQUIREMENTS

Education: Bachelor’s degree from an accredited college or university, with a major in accounting, business, finance or related field.

Experience: Four years experience with a state insurance department, public accounting firm, or similar entity, or an insurance company in a financial or audit related area of which three years was in an in-charge or supervisory capacity.

Certification: An active Certified Public Accountant (CPA) or Certified Financial Examiner (CFE) designation.

BENEFITS

STATE OF MARYLAND BENEFITS

FURTHER INSTRUCTIONS

For immediate consideration, you MUST upload one file (WORD or PDF) at the "Resume" tab that contains:

1. a cover letter stating your interest and salary requirements ; and
2. 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 submissions will not be considered.

Complete application packets may be mailed to:

Maryland Insurance Administration Human Resources - Recruitment#: 14-009660-001
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.




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