EXECUTIVE CHIEF, MARKET REGULATION, State of Maryland, Annapolis, MD
State of Maryland -
Annapolis, MD,
US
EXECUTIVE CHIEF, MARKET REGULATION
Date Posted: 2024-06-15
Job description
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 City, Hybrid (between office and telework)
POSITION DUTIES
The MIA is seeking to fill an Executive Chief, Market Regulation position in the Market Regulation and Professional Licensing Division. This position oversees and manages the operations of the Market Regulation area, which includes Market Data Analysis, Life & Health Market Conduct, and Property & Casualty Market Conduct. This position involves the direct supervision of Chief positions and indirect supervision of Market Conduct Examiners and Market Data Analysts. The Executive Chief writes or reviews reports, orders, and other documents related to market conduct actions or market data analyses; and provides technical advice on the conduct of market conduct actions and application of Maryland or Federal laws. This position keeps up to date on best practices and changes to the law; and collects data to monitor status of Market Conduct exams and investigations, MFR data, and status of actions required by legislative audits and statutes to ensure that the Division is complying with statutory or other requirements.
MINIMUM QUALIFICATIONS
Education: Possession of a Bachelor's Degree from an accredited four-year college or university.
Experience: Eight years of experience in life and health and/or property and casualty insurance compliance for a regulatory agency or an insurer, which includes two years of supervisory or management experience.
OR
Note: High school diploma or GED and twelve years of experience in life and health and/or property and casualty insurance compliance for a regulatory agency or an insurer, which includes two years of supervisory or management experience.
DESIRED OR PREFERRED QUALIFICATIONS
* Possession of a Certified Insurance Examiner (CIE), Accredited Insurance Examiner (AIE), Market Conduct Management (MCM), Associate Professional in Insurance Regulation (APIR) or related professional designation.
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: ...@maryland.gov for additional information concerning this recruitment. Online applications are strongly preferred. For immediate consideration: upload one (1) WORD or PDF file, at the "Resume" tab, that contains a cover letter stating your interest and specific salary requirements, with a current professional resume included.
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 #: 24-009###-####
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.
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 City, Hybrid (between office and telework)
POSITION DUTIES
The MIA is seeking to fill an Executive Chief, Market Regulation position in the Market Regulation and Professional Licensing Division. This position oversees and manages the operations of the Market Regulation area, which includes Market Data Analysis, Life & Health Market Conduct, and Property & Casualty Market Conduct. This position involves the direct supervision of Chief positions and indirect supervision of Market Conduct Examiners and Market Data Analysts. The Executive Chief writes or reviews reports, orders, and other documents related to market conduct actions or market data analyses; and provides technical advice on the conduct of market conduct actions and application of Maryland or Federal laws. This position keeps up to date on best practices and changes to the law; and collects data to monitor status of Market Conduct exams and investigations, MFR data, and status of actions required by legislative audits and statutes to ensure that the Division is complying with statutory or other requirements.
MINIMUM QUALIFICATIONS
Education: Possession of a Bachelor's Degree from an accredited four-year college or university.
Experience: Eight years of experience in life and health and/or property and casualty insurance compliance for a regulatory agency or an insurer, which includes two years of supervisory or management experience.
OR
Note: High school diploma or GED and twelve years of experience in life and health and/or property and casualty insurance compliance for a regulatory agency or an insurer, which includes two years of supervisory or management experience.
DESIRED OR PREFERRED QUALIFICATIONS
* Possession of a Certified Insurance Examiner (CIE), Accredited Insurance Examiner (AIE), Market Conduct Management (MCM), Associate Professional in Insurance Regulation (APIR) or related professional designation.
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: ...@maryland.gov for additional information concerning this recruitment. Online applications are strongly preferred. For immediate consideration: upload one (1) WORD or PDF file, at the "Resume" tab, that contains a cover letter stating your interest and specific salary requirements, with a current professional resume included.
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 #: 24-009###-####
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.