Lead Analyst, Property & Casualty Rates and Forms

State of Maryland•Annapolis, MD

3d•Hybrid

About The Position

The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s $49 billion insurance industry and protects consumers by monitoring and enforcing insurers’ and insurance professionals’ compliance with State law. 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 conducting 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 MIA's Property and Casualty Rates and Forms section is seeking an internal candidate to fill the role of Lead Analyst. The Lead Analyst position will assist the Assistant Director with guiding the work of the Analyst to ensure the timely review of Property and Casualty rate/rule form filings and Withdrawal Plans to ensure compliance with the Insurance Article and COMAR. This assistance includes but is not limited to assigning rate/rule and form filings and answering questions and providing direction to the Analyst. This position will also assist the Assistant Director with the development of training and development procedures and workflow efficiencies. The Lead Analyst will also assist the Assistant Director with drafting the review of legislation, regulations, bulletins and other materials for the entities that the MIA regulates.

Requirements

Education: Possession of a bachelor's degree from an accredited college or university.
Experience: Five years of experience drafting or analyzing property and casualty insurance policy forms for a regulatory agency, or licensed insurer.
Note: 1. Four additional years of experience drafting or analyzing property and casualty insurance policy forms for a regulatory agency or licensed insurer, or four additional years of experience adjusting property and casualty claims for a licensed insurer, may substitute for the required education.
2. Possession of a Juris Doctorate degree, and two years of experience drafting or analyzing property and casualty insurance policy forms for a regulatory agency, or licensed insurer.

Responsibilities

Assist the Assistant Director with guiding the work of the Analyst to ensure the timely review of Property and Casualty rate/rule form filings and Withdrawal Plans to ensure compliance with the Insurance Article and COMAR.
Assign rate/rule and form filings and answering questions and providing direction to the Analyst.
Assist the Assistant Director with the development of training and development procedures and workflow efficiencies.
Assist the Assistant Director with drafting the review of legislation, regulations, bulletins and other materials for the entities that the MIA regulates.