Insurance Analyst, Lead

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 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. 

The Maryland Insurance Administration’s Life & Health Unit is recruiting for the position of Insurance Analyst.  The main purpose of this position is to analyze new life insurance and annuity policies, riders, applications and endorsements for compliance with Maryland laws and regulations, as well as MIA requirements.  This position corresponds with insurance companies regarding deficiencies in form filings and provides suggestions for improvements.  The incumbent answers oral or written inquiries from insurers, the public and agency staff regarding life insurance or annuity matters.  The Insurance Analyst, Lead reviews the work of less experienced analysts, and provides training and quality review as necessary.  

Education: Possession of a Bachelor’s degree from an accredited college or university.  

Experience: Five years experience drafting or analyzing life insurance or annuity contracts for a regulatory agency or licensed insurer; or  

Note:       

The requirements indicated below are acceptable substitutions to the above minimum requirements:  

1. Ten  years experience drafting or analyzing life insurance or annuity contracts for a regulatory agency or licensed insurer;  

2. Five years’ experience in drafting or analyzing life insurance or annuity contracts for a regulatory agency, or a licensed carrier, and FLMI or equivalent designation that is approved by the supervisor.

Knowledge of the major types of life insurance and annuity contracts filed with the Maryland Insurance Administration.  

This recruitment is limited to current employees of the Maryland Insurance Administration’s Life and Annuities section.

STATE OF MARYLAND BENEFITS

 

If you have any questions about this recruitment, please contact the Maryland Insurance Administration at 410-468-2000.

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

1. a cover letter stating your interest and specific 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 #:  16-009642-0004

St. Paul Place, Suite 2700

Baltimore, MD 21202

Incomplete submission will not receive consideration.

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.