|Department||Maryland Insurance Administration|
|Salary||Salary commensurate with experience.|
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 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.
LOCATION OF POSITION
Main Purpose of Job
The Chief Actuary is responsible for organizing, directing and managing all operations and personnel of the Office of the Chief Actuary within the Maryland Insurance Administration. The primary work of the Office of the Chief Actuary is health insurance rate review. The Chief Actuary provides direct and indirect supervision of all levels of Actuary, Actuarial Analysts, and related positions. The Chief Actuary reports directly to the Insurance Commissioner.
Education: Bachelor's degree from an accredited college or university in Mathematics, Actuarial Science, Statistics or related fields.
Experience: A minimum of ten (10) years of related actuarial experience.
DESIRED OR PREFERRED QUALIFICATIONS
Career Associate or fellow of the Society of Actuaries (ASA or FSA).
Membership in the American Academy of Actuaries.
Expertise in the Federal Patient Protection and Affordable Care Act.
In-depth understanding of health insurance markets and risk adjustment program.
Life reserves valuation or PBR experience desired but not required.
Strong logical thinking, written and verbal skills.
Demonstrated ability to manage staff is preferred.
If you have any questions about this recruitment, please contact the Maryland Insurance Administration at 410-468-2000.
For immediate consideration, you MUST upload a single document 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 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#: 16-009322-0001
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.