ASSISTANT CHIEF FINANCIAL ANALYST (MIA EXECUTIVE II) - #25-009660-0002

Introduction The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s $46 billion 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. * This is a Management Service position that serves at the pleasure of the Appointing Authority. GRADE MIA 0023 LOCATION OF POSITION Baltimore CityorHybrid (between office and telework) POSITION DUTIES The MIA is recruiting to fill the position of Assistant Chief Financial Analyst in the Financial Regulation Division’s Financial Analysis Unit. This Unit monitors the statutory compliance and financial solvency of domestic (Maryland) and foreign (non-Maryland) insurance companies, and other regulated entities which transact business in Maryland, on a continuous on-going basis in order to protect Maryland citizens. The Assistant Chief Financial Analyst directly supervises a staff of Financial Analysts who perform in-depth reviews of assigned insurers’ annual and quarterly statements, as well as all other filings, including the completion of the applicable analysis forms to identify and assess the insurer’s exposure to branded risk classifications. The Assistant Chief assists in the development of the Financial Analysis Unit’s policies and procedures; researches and develops accounting, financial, regulatory and analysis policies and procedures; identifies significant issues and solvency risk areas and potential troubled companies; and develops recommended MIA course of action. This position also reviews or supervises the review of various insurer filings (e.g., dividend notifications, intercompany agreements, enterprise risk reports, holding company filings, etc.) for propriety and compliance with applicable laws, regulations and policies. MINIMUM QUALIFICATIONS Education: Bachelors’ degree from an accredited college or university. Experience: Four years of experience with a state insurance department, public accounting firm or similar audit entity, or another entity in a financial or audit-related area. Three of those years must be in an in-charge or supervisory capacity. Licenses, Registrations and Certifications: Active Certified Public Accountant (CPA) or Certified Financial Examiner (CFE) designation required. DESIRED OR PREFERRED QUALIFICATIONS The ideal candidate will have: Strong writing skills.Ability to draw sound conclusions and prepare written documentation. Strong Excel skills and ability to pull together ad-hoc reports pulling information from multiple sources. Ability to research and apply applicable laws and regulations. Prior experience in the insurance industry or the regulation of the insurance industry. Knowledge of Statutory Accounting Principles (SAP). BENEFITS Our comprehensive benefits package includes a generous leave package; medical, prescription, dental and vision coverage; healthcare and dependent daycare flexible spending accounts; a defined benefit pension plan with optional 457 and 401k supplemental retirement plans; flexible work schedules; and service that may qualify the successful candidate for the Federal Public Service Loan Forgiveness Program. STATE OF MARYLAND BENEFITS FURTHER INSTRUCTIONS Please contact: charrison@maryland.gov for additional information concerning this recruitment. Online applications are strongly preferred. For immediate consideration: upload one (1) WORD or PDF file, that includes your combined cover letter and resume, to the 'Resume' tab. If you are unable to apply online, you may submit an application packet by mail. Your submission must be received by close of business, on the closing date for the recruitment. Postmarks will not be accepted. Complete application packets may be mailed to: Maryland Insurance Administration Human Resources - Recruitment #: 25-009660-0002 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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