FISCAL ACCOUNTS TECHNICIAN I

The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s 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. 

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This position performs a critical function associated with the MIA's annual collection of premium tax payments for the State of Maryland. This position also performs a variety of tasks associated with the fiscal, producer licensing, and administrative functions of the agency.

This Fiscal Accounts Technician I is responsible for capturing, recording, reconciling, and researching all annual and quarterly premium tax payments made by over 1,500 insurance companies doing business in the State of Maryland. The incumbent will perform accurate and timely reconciliation of the received and recorded payments in the Maryland State accounting system (FMIS RStars) deposit records.  This position requires a high-level of accuracy, attention to detail, and problem solving skills to ensure accuracy when collecting, recording, and reconciling extremely large amounts of money that are critical to the revenue of the State; and will work in cooperation with MIA’s Premium Tax Auditors to research and respond to inquiries accurately and in a timely manner.  The employee in this position will also oversee proper allocation of agency corporate purchasing card activities for the agency; and ensure the accuracy of MIA’s monthly expenditure and revenue reports to track revenue performance and to manage the agency’s budget. 

The Fiscal Accounts Technician I will provide assistance to MIA’s Producer Licensing staff in the review and evaluation of paper insurance license applications to determine compliance with Maryland Insurance laws and regulations; and will enter producer licensing information in the State Based System (SBS). 

Education: Graduation from an accredited high school or possession of a high school equivalency certificate.

Experience: Three years of experience reviewing, verifying, recording, adjusting and balancing financial transactions.

Notes:

1. Experience calculating and recording financial, statistical or other numerical data may be substituted on a year-for-year basis for the required high school education.

2. Six credit hours in accounting from an accredited college or university may be substituted for one year of the required experience.

3. Candidates may substitute U.S. Armed Forces military service experience in Financial Clerical/Finance Technicians classifications or specialty codes in the financial field of work at a rate of one year of military experience for the required experience.

1. Experience using FMIS RSTARS

2. Knowledge of Maryland Insurance laws and regulations

Please make sure that you provide sufficient information on your application to show that you meet the qualifications for this recruitment.  All information concerning your qualifications must be submitted by the closing date.  We will not consider information submitted after this date.  Successful candidates will be ranked as Best Qualified, Better Qualified, or Qualified and placed on the employment (eligible) list for at least one year.  

Applicants who meet the minimum qualifications will be evaluated.  The evaluation may consist of a rating of your application based on your education, training and experience as they relate to the requirements of the position.  It is essential that you provide complete and accurate information on your application.  Please report all related education, experience, dates and hours of work.  For education obtained outside the U.S., a copy of the equivalent American education as determined by a foreign credential evaluation service must accompany the application.  All information concerning your qualifications must be submitted by the closing date.  We will not consider information submitted after this date.   

STATE OF MARYLAND BENEFITS

Please contact charrison@maryland.gov for additional information concerning this recruitment. Online applications are strongly preferred.  If you are unable to apply online, you may submit an application by mail.  The paper application must be received by close of business, on the closing date for the recruitment. Postmarks will not be accepted. Incorrect application forms will not be accepted.

Applications may be mailed to: Maryland Insurance Administration, Human Resources Division, 200 St. Paul Place, Suite 2700, Baltimore, Maryland 21202.

TTY Users call Maryland Relay Service at 1-800-735-2258.

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.