Compliance Analyst

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. 

* This is a Special Appointment position that serves at the pleasure of the appointing authority.

Baltimore City

The MIA is recruiting for a Compliance Analyst position in the Life and Health Division. The main purpose of this position is to review and analyze Private Review Agent (PRA) applications to determine compliance with applicable Maryland statutes and regulations, and draft detailed memoranda outlining the revisions that are required to conform to Maryland law.  The position also reviews and analyzes all filed updates to a PRAs scope of responsibility, under a contract, to determine compliance.

Compliance Analyst I:  

Education: Possession of a Bachelor’s degree from an accredited college or university. 

Experience: None

Note: Two years experience in the review or preparation of private review agent applications may substitute for the required education.  

Compliance Analyst II:

Education: Possession of a Bachelor’s degree from an accredited college or university. 

Experience: Two years experience in the review or preparation of private review agent applications for a regulatory agency.  

Note: The requirements indicated below are acceptable substitutions to the above minimum requirements:

1-    Four years experience in the review or preparation of private review agent applications; or

2-    Three years of experience in the review or preparation of private review agent applications and productive activity toward a professional designation; or

3-    Possession of a bachelor’s degree and one year experience in the review or preparation of private review agent applications, and productive activity toward a professional designation; or

4-    Possession of a Juris Doctorate degree.

Compliance Analyst III: 

Education: Possession of a Bachelor’s degree from an accredited college or university.  

Experience: Three years experience the review or preparation of private review agent applications for a regulatory agency.  

Note: The requirements indicated below are acceptable substitutions to the above minimum requirements:

1- Five years experience in the review or preparation of private review agent applications; or

2- Four years of experience in the review or preparation of private review agent applications.

and passing of 6 LOMA examinations or 6 AHIP examinations or 3 Society of Actuary’s Actuarial examinations or a combination of above; or

3- Possession of a Juris Doctorate degree and two years experience in the review or preparation of private review agent applications.

STATE OF MARYLAND BENEFITS

If you have any questions about this recruitment, please contact the Maryland Insurance Administration at 410-468-2000.

For immediate consideration, upload one WORD or PDF file, at the "Resume" tab, that contains:

1. a cover letter stating your interest and specific salary requirements; and

2. a current professional resume.

If you are unable to apply online, you may submit via mail.  Please be sure to include all documents listed above to ensure timely processing. Complete application packets may be mailed to:

Maryland Insurance Administration

Human Resources - Recruitment #:  16-009638-0004

St. Paul Place, Suite 2700

Baltimore, MD 21202

Incomplete submission will not receive consideration.

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.