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Senior Actuary

Recruitment #13-009662-002

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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 Senior Actuary handles life and health actuarial responsibilities for the MIA, with primary focus on health insurance rate filings from non-profit health service plans, health maintenance organizations and insurance carriers.  The Senior Actuary reviews rate filings for adherence to actuarial principles and compliance with Federal and Maryland statutes and regulations, analyzes information received from companies supporting pricing assumptions specified by Federal and State statutes and regulations, and provides analysis of information to OCA staff for use in rate reviews.  The Senior Actuary produces reports as required under the law and under the guidance of the Chief Actuary.

MINIMUM EDUCATION OR GENERAL REQUIREMENTS

Education:  Bachelor's degree from an accredited four-year college or university in Mathematics, Actuarial Science, Statistics or related fields.

Experience:  A minimum of five (5) years of related actuarial experience.

DESIRED OR PREFERRED QUALIFICATIONS

  • Associate through fellowship standing in the Society of Actuaries.
  • Membership in the American Academy of Actuaries.
  • Expertise in the Federal Patient Protection and Affordable Care Act.
  • In-depth understanding of health insurance markets.
  • Strong logical thinking, written and verbal skills.

BENEFITS

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#:  13-009662-002

200 St. Paul Place, Suite 2700

Baltimore, MD 21202

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.



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