Senior Actuary

State of Maryland•Baltimore City, MD

4d•Hybrid

About The Position

The Office of the Attorney General (OAG) is seeking applicants for the position of Senior Actuary for the People’s Insurance Counsel (PICD). The PICD is responsible for the evaluation of all medical professional liability insurance and homeowners’ insurance matters. This includes review and analysis of filings and complaints pending before the Commissioner of the Maryland Insurance Administration (MIA) to determine whether the interests of insurance consumers are affected. The review of rate filings to determine if they are excessive, inadequate or unfairly discriminatory. PICD may conduct investigations and request the Commissioner to initiate an action or proceed to protect the interests of insurance consumers. PICD may be a party to administrative hearings and court proceedings. PICD may propose and reviews legislation. PICD participates in outreach to consumers. The Division’s personnel consist of the People’s Insurance Counsel, an assistant attorney general, an actuary analyst/investigator, whose primary responsibilities include review of homeowner’s and medical liability insurance filings, and a management associate who primarily provides office support including consumer contact. The senior actuary will supervise and lead the actuary analyst/investigator, the management associate, and lead any law clerks/interns.

Requirements

At least five years of actuarial experience
Hold a Fellow designation with the Casualty Actuarial Society
Membership in the American Academy of Actuaries
Strong understanding of rate development methodologies, particularly within homeowners’ insurance and medical professional liability insurance, including related coverages and policy provisions.
Excellent verbal and written communication skills
As of the date of hire, the hired employee may not hold an official relationship to or have any pecuniary interest in an insurer, insurance agency, or insurance transaction other than as a policyholder or claimant under a policy.

Nice To Haves

Knowledge of and experience in actuarial analysis of homeowners and medical professional liability insurance.
Familiarity with the use of catastrophe models and generalized linear models in property insurance ratemaking.

Responsibilities

Review insurance rate filings and related submissions to assess their impact on Maryland consumers, ensure compliance with actuarial standards, and verify adherence to applicable federal and state laws and regulations.
Analyze rate, rule, form, and underwriting guideline filings, providing recommendations and technical support to counsel for use in regulatory reviews, hearings, and related proceedings.
Prepare reports and briefing materials and participate in rate hearings when requested.
Advise staff and management on actuarial matters, offering technical expertise, analysis, and recommendations to support regulatory decision-making.
Provide actuarial testimony and expert opinions during court, administrative hearings, and other regulatory proceedings as required.
Review consumer complaints, conduct legal and industry research, and evaluate proposed state and federal legislation for potential regulatory and consumer impacts.
Review, analyze, and provide testimony if requested concerning legislation.
Develop and deliver outreach initiatives, training programs, and presentations.
Conduct document and database management; writing reports, and communication with stakeholders.
Supervise and lead the work and projects of PICD’s analyst and Management Associate, law clerks and interns.

Benefits

Annual Leave: 10–25 days per year based on service.
Sick Leave: 15 days per year with unlimited carryover.
Personal Leave: Up to 6 days per year.
Paid Holidays: 12 state holidays.
Medical, dental, and vision plans.
Defined‑benefit pension plan plus 401(k) and 457 supplemental retirement options.
Hybrid and flexible work schedules available for many roles.
Ongoing training and development opportunities
Flexible Spending Accounts
free mass transit (eligible areas)
Employee Assistance Program
access to SECU