Senior Market Conduct Examiner

4 weeks ago


Baltimore, Maryland, United States State of Maryland - Maryland Insurance Administration Full time

Introduction

The Maryland Insurance\r
Administration (MIA) is an independent State agency that regulates Maryland's\r
insurance industry and protects consumers by monitoring and enforcing insurers'\r
and insurance professionals' compliance with State law. Through the diligence\r
of a highly professional staff of market analysts, financial analysts,\r
accountants, lawyers, law enforcement officers, actuaries, complaint\r
investigators, and others, the MIA works to facilitate a strong and competitive\r
insurance marketplace where consumers are well informed and treated fairly.\r
Staff members are subject matter experts who serve as a resource for lawmakers,\r
consumers, and other public and private entities.\r
The MIA is charged with a\r
broad range of responsibilities including the licensure of insurance carriers\r
and insurance producers (brokers/agents) operating in Maryland, the conduct of\r
financial examinations of companies to monitor financial solvency, and the\r
review and approval of rates and contract forms. The MIA investigates reports\r
of consumer fraud and consumer complaints about life, health, automobile,\r
homeowners, and/or property insurance. Insurance carriers are subject to market\r
conduct examinations and other actions to monitor compliance with Maryland law.\r
The MIA also has a unit dedicated to consumer education and outreach, which\r
participates in hundreds of events and reaches thousands of individual\r
consumers annually.\r

GRADE

17\r

LOCATION OF POSITION

Baltimore City\r

Main Purpose of Job

This position functions as a senior examiner and examiner-in-charge performing examinations, investigations, and desk audits of the business practices of HMOs, dental plans, nonprofit health service plans, and life and health insurers, and any other person or entities engaged in the life and health insurance industry and regulated by the Maryland Insurance Administration.\r
This position functions as a lead examiner overseeing all aspects of market conduct examinations and investigations. The Senior Market Conduct Examiner may be a liaison between the market conduct team and the company being examined, and may assign tasks to team members working on an exam in addition to performing analysis of information provided by the company. The Senior Market Conduct Examiner may also draft correspondence, reports, and orders resulting from the exam.\r

MINIMUM QUALIFICATIONS

Education:�Bachelor's�degree\r
from an accredited four-year college or university.\r
Experience: Five (5)\r
years of work experience as an insurance regulator or in the Compliance or\r
Legal department of a life or health carrier or related profession.\r
OR�\r
Nine years of work\r
experience as an�insurance regulator or in the Compliance or Legal\r
department of a life or health carrier or related profession.\r

DESIRED OR PREFERRED QUALIFICATIONS

Knowledge of Maryland\r
insurance laws and regulations and/or federal regulations concerning life and\r
health insurance\r
Familiarity with the\r
standards in the NAIC Market Regulation Handbook and standard market conduct\r
practices\r
An Accredited Insurance\r
Examiner or Certified Insurance Examiner designation from the Insurance\r
Regulatory Examiners Society or similar credential\r
Strong research abilities\r
Ability to communicate\r
effectively verbally and in writing\r
Ability to analyze\r
information and draw accurate conclusions\r

BENEFITS

STATE OF MARYLAND BENEFITS\r
�\r

FURTHER INSTRUCTIONS

If you have any questions\r
about this recruitment, please contact�\r
For immediate\r
consideration, upload one WORD or PDF file, at the 'Resume' tab, that\r
contains:\r
1.� a cover letter\r
stating your interest and specific salary requirements; and\r
2.� a current\r
professional resume.\r
If you are unable to\r
apply online, you may submit via mail. Please be sure to include all\r
documents�that are listed above, to ensure timely processing.\r
Complete application\r
packets may be mailed to:\r
Maryland Insurance\r
Administration Human Resources - Recruitment#: \r
200 St. Paul Place, Suite\r
2700 Baltimore, MD 21202\r
Incomplete submission\r
will not receive consideration.\r



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