Market Data Analyst/Market Conduct Examiner

State of Maryland • Baltimore City, MD

2d • Hybrid

About The Position

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. 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 Special Appointment position that serves at the pleasure of the appointing authority. The MIA's Market Regulation and Professional Licensing Division is recruiting for the position of Market Data Analyst/Market Conduct Examiner. This position reports to the Chief of Market Analysis and is responsible for providing technical support to the Market Analysis Chief, but also the larger Market Regulations and Professional Licensing Unit. This position will at times also provide technical support to the Executive Chief Market Conduct Examiner, the Chief Property and Casualty Examiner, and the Chief Life and Health Examiner. This position's primary responsibility requires monitoring and assessing the insurance industry's compliance with Maryland's law and regulations by performing market surveillance analysis, reviews, studies, and data calls.

Requirements

• Bachelor's degree from an accredited four-year college or university.
• Two years of experience analyzing and making recommendations on datasets and qualitative information.
• A Master's degree in Business Administration, Finance, Data Analytics, Statistics or related field can substitute for the required experience
• A Bachelor's degree from an accredited four-year college or university in Business Administration, Finance, Data Analytics, Statistics or a related field, and successful completion of at least one Society of Actuary exam.

Nice To Haves

• Master's degree in Business Administration, Finance, Data Analytics
• Analysis experience to include the use of the following skills (including, but not limited to) descriptive statistics, advanced sorting and filtering (utilizing Excel or other software); the use of pivot tables, advanced use of Microsoft Word editing features in the drafting of letters and reports, the use of advanced conditional formatting in Excel, and advanced functions, such as VLookups, HLookups, and IF functions in Excel.

Responsibilities

• monitoring and assessing the insurance industry's compliance with Maryland's law and regulations by performing market surveillance analysis, reviews, studies, and data calls
• providing technical support to the Market Analysis Chief, but also the larger Market Regulations and Professional Licensing Unit
• providing technical support to the Executive Chief Market Conduct Examiner, the Chief Property and Casualty Examiner, and the Chief Life and Health Examiner

Benefits

• 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
• service that may qualify the successful candidate for the Federal Public Service Loan Forgiveness Program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees