Insurance Analyst I/II

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 an Insurance Analyst I/II position in the Life and Health Division’s, Health Review Unit.  The Insurance Analyst reviews health insurance contracts, riders, applications, disclosures, advertising and premium rate filings to determine compliance with Maryland laws and regulations and MIA Administration requirements.  The individual in this position corresponds with health insurance carriers regarding deficiencies in form filings and makes recommendations to carriers on revisions necessary to bring the filings into compliance with Maryland laws and regulations; and responds to inquiries from the public, industry representatives, and MIA staff regarding health insurance issues.  

 Insurance Analyst I   (Salary range:  $38,880 - $61,691)

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

Experience: None

Note: The requirement indicated below is an acceptable substitution to the above minimum requirement:

Two years experience in drafting or analyzing life, annuity, health, HMO, nonprofit health service plan or dental plan organization contract forms for a regulatory agency, or licensed insurer. 

 Insurance Analyst II   (Salary range $41,358 - $65,827)

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

Experience: Two years experience in drafting or analyzing life or health insurance policy forms for a regulatory agency, or licensed insurer.

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

1-Four years experience in drafting or analyzing life or health insurance policy forms for a regulatory agency or licensed insurer; or

2-Three years of experience in drafting or analyzing life or health policy forms for a regulatory agency or licensed insurer, and productive activity toward a professional designation; or

3-Possession of a bachelor’s degree and one year experience in drafting or analyzing life or health insurance policy forms for a regulatory agency or licensed insurer, and productive activity toward a professional designation; or

4-Possession of a Juris Doctorate degree.

·        Ability to convey information clearly, both orally and in writing.

·        Ability to understand, interpret and analyze applicable laws.

·         Excellent computer skills.

·         Professional insurance designation: Associate, Life Management Institute (ALMI) or Fellow, Life Institute (FMLI)

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 #:  16-009639-0007

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.