Senior Financial Analyst I

The Maryland Insurance Administration (MIA) isan independent State agency that regulates Marylands $49 billion insuranceindustry and protects consumers by monitoring and enforcing insurers andinsurance professionals compliance with State law. Staff members aresubject matter experts who serve as a resource for lawmakers consumers andother public and private entities.

The MIA is charged with a broad range of responsibilities including thelicensure of insurance carriers and insurance producers (brokers/agents)operating in Maryland the conduct of financial examinations of companies tomonitor financial solvency and the review and approval of rates and contractforms. The MIA investigates reports of consumer fraud and consumercomplaints about life health automobile homeowners and/or propertyinsurance. Insurance carriers are subject to market conduct examinationsand other actions to monitor compliance with Maryland law. The MIA alsohas a unit dedicated to consumer education and outreach which participates inhundreds of events and reaches thousands of individual consumers annually.

* This is a ManagementService position that serves at the pleasure of the Appointing Authority.

MIA 0019

Baltimore City or Hybrid(between office and telework)

The MIA is recruiting tofill a Senior Financial Analyst I position with the Financial RegulationDivision. This position represents the lead level of workmonitoring domesticand foreign insurance companies that transact business in Maryland for solvencyand for compliance with applicable laws regulations and other regulatoryrequirements to protect Maryland position performs in-depth analyses of insurers annual andquarterly statements and other filings to identify and assess the insurers exposure to the brandedrisk classifications; and investigates and assesses significant unusualitems fluctuations or other issues found and significant prospective riskswith the potential to affect the solvency of the insurer. The Senior FinancialAnalyst I researches related topics/issues documents significantfindings writes an overall summary prepares draft correspondence andconcludes on the financial condition and statutory compliance of the insurers. In addition the Senior FinancialAnalyst I performs in-depth reviews of the work products of assigned FinancialAnalysts; prepares review notes related to those reviews; and ensures thatareas of concern are properly addressed.

Education:Bachelors degree from anaccredited college or university.

Experience: Three years of experience with astate insurance department a public accounting firm or similar audit entityor another entity in a financial or audit-related area is required.

LicensesRegistrations and Certifications: Active Certified Public Accountant(CPA) Accredited Financial Examiner (AFE) or Certified Financial Examiner(CFE) designation required.

Our comprehensive benefits package includes a generousleave package; medical prescription dental and vision coverage; healthcareand dependent daycare flexible spending accounts; a defined benefit pensionplan with optional 457 and 401k supplemental retirement plans; flexible workschedules; and service that may qualify the successful candidate for theFederal Public Service Loan Forgiveness Program.

STATE OF MARYLANDBENEFITS

Please contact: foradditional information concerning this recruitment. Online applications arestrongly preferred. For immediate consideration: upload one (1) WORD or PDFfile that includes your combined cover letter and resume to theResume tab.

If you are unable to apply online you maysubmit an application packet by mail. Your submission must be received by closeof business on the closing date for the recruitment. Postmarks will notbe accepted.

Complete application packets may be mailed to:

Maryland Insurance Administration

Human Resources - Recruitment #: 26-

St. Paul Place Suite 2700

Baltimore MD 21202

TTY Users: call via Maryland Relay

We thank our Veterans for their service to ourcountry and encourage them to apply.

As an equal opportunity employer Maryland iscommitted to recruiting retaining and promoting employees who are reflectiveof the States diversity.