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State Insurance Underwriting Manager

Administrator IV

Recruitment #17-002589-0002

Introduction

This is a position specific recruitment for an Administrator IV in the Insurance Division of the MD State Treasurer's Office.  This recruitment will be used to fill current and future vacancies for this position/function only.  The resulting eligible list will be maintained for one year.  Persons interested in future vacancies within this classification must re-apply.

 

The Insurance Division is responsible for administering the State’s Insurance Program.  The Division is made up of four units: Claims, Underwriting, Loss Management and Litigation. The Division's goal is to provide statewide risk management through loss restoration (Claims), loss protection (Underwriting), loss management (Loss Control/Prevention), and loss resolution (Litigation).  

The Underwriting Unit manages the insurance needs of the State with self-insurance and through the procurement of commercial insurance. Commercial insurance protects the State Insurance Trust Fund from catastrophic losses and fulfills certain statutory requirements and agency contractual agreements. The Unit analyzes commercial coverage offerings, prices, limits and deductibles and then recommends to the Treasurer the combination that best protects the State of Maryland's assets.  As part of its mission to manage the State's insurance needs, the Underwriting Unit conducts an annual insurance survey to gather data on State exposures. The collected data is used to purchase commercial insurance policies and as a component for setting self-insurance premiums.

GRADE

19 (Salary Guidelines apply for State employees)

LOCATION OF POSITION

Annapolis, MD

Main Purpose of Job

The Underwriting Manager is responsible for overseeing this unique State Insurance Program in order to support the Treasurer's duties under Title 9 of the State Finance and Procurement Article. The Underwriting Manager is the sole position in the State able to negotiate all commercial insurance coverages purchased by the State Treasurer. The Underwriting Manager formulates recommendations to the Deputy Director, Director of Insurance and Chief Deputy Treasurer in an executive summary if gaps in coverages are detected or foreseen. This position also develops commercial insurance coverages for unique State liability exposures, which include airport and port liability, medical professional liability for university students/interns, railroad liability, and aviation liability, among others. This position is responsible for the supervision of one underwriter.

The ideal candidate should be able to demonstrate integrity and solid problem solving skills, leadership and enthusiasm, and his/her ability to establish trust and credibility.  Strong interpersonal skills are a must, in order to represent the State and deal courteously and effectively with State personnel and outside contacts in carrying out the varied liaison and account servicing functions of the job.

POSITION DUTIES

EXAMPLES OF WORK:  

  • Analyzes quotes from brokers for terms, conditions, and cost of coverage. Determines which offer is most advantageous to the State and makes recommendations to the Deputy Director, Director of Insurance and Chief Deputy Treasurer for approval of commercial insurance policies which constitute the States’ obligation: approximately $18,000,000 premium annually.  
  • Maintains and oversees the excess property insurance coverage that insures all State-owned buildings, contents and Computer equipment in any location nationwide with current values exceeding $40,000,000,000. Also maintains and oversees the commercial insurance policy that covers all State-owned aircraft and watercraft with values exceeding $220,000,000.  
  • Compiles and manages the only property schedule database of owned properties and leased locations for the State. Underwriting Manager solicits data from all State agencies and personally updates the database annually. It is used by the Underwriting Manager to procure the Excess Property policy that protects all State-owned property from catastrophic loss. Because it is recognized as the sole database, it is used as a resource by other State agencies - such as the Executive Office of the Governor, Towson University and DGS - in their own projects.  
  • Utilizes experience in three main types of commercial insurance policies (property, liability, and “special types” such as aviation and bonds) in the procurement process to be able to manage the States commercial insurance policies effectively with the brokers of each contract.        
  • Drafts and implements regulations and policies regarding commercial insurance as requested for the Deputy Director, Director of the Insurance Division and Chief Deputy Treasurer.  
  • Analyzes commercial insurance policy loss runs to identify trends, cause of loss, repeat locations or agencies to be used with the brokers and carriers to negotiate the best coverages and terms at the lowest cost to all State agencies and to reduce expenses to the State Insurance Trust Fund.  Conveys loss trends (including cause, location, or employees) to brokers, carriers, and State agencies so issues can be addressed.

MINIMUM QUALIFICATIONS

Education: A Bachelor's degree from an accredited college or university.

Experience: Five years of experience in administrative staff or professional work. One year of this experience must have involved one or more of the following: the supervision of other employees, overseeing and coordinating the general operations of a unit, applying rules and regulations, or exercising responsibility for the development of policies or procedures.

Notes:

1. Additional experience in administrative staff or professional work may be substituted on a year-for-year basis for the required education.

2. Additional graduate level education at an accredited college or university may be substituted at the rate of 30 semester credit hours on a year to year basis for the required general experience.

3. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer involving staff work related to the administration of rules, regulations, policy, procedures and processes, or overseeing or coordinating unit operations or functioning as a staff assistant to a higher ranking commissioned officer on a year to year basis for the required education and experience.

SELECTIVE QUALIFICATIONS

Applicants must meet the selective qualification(s) to be considered.  Include clear and specific information on your application regarding the qualification(s).

  • Two (2) years of the required experience must be specifically in underwriting.

 

DESIRED OR PREFERRED QUALIFICATIONS

Strong preference will be given to applicants that possess the following.  Include clear and specific information on your application regarding the qualification(s).

  • Underwriting experience in commercial lines working with or for an insurance company/agency
  • Large commercial account underwriting experience
  • Bachelor’s degree in insurance, business, or other related discipline/field
  • AU, CPCU, ARM, ARMP or other underwriting designations
  • Working knowledge of public entity procurement processes ·       
  • Proficiency with Microsoft Word, Excel and Outlook.

LIMITATIONS ON SELECTION

Applicants must be willing to work in the Annapolis area.

LICENSES, REGISTRATIONS AND CERTIFICATIONS

Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator's license valid in the State of Maryland.

SELECTION PROCESS

Please make sure that you provide sufficient information on your application (and on separate pages, if necessary) 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.

 

EXAMINATION PROCESS

Please read the job announcement in its entirety before applying for this recruitment. Applicants must meet all minimum (and selective) qualifications to be considered, and to appear on the list of people eligible for hire.

Please upload a current resume’ for this recruitment. 

NOTE:  Applicants will be subject to a background investigation to include credit and criminal history.

BARGAINING UNIT STATUS

EXEMPT BY EXECUTIVE ORDER

BENEFITS

FURTHER INSTRUCTIONS

General Questions for this recruitment can be directed to the STO Personnel Office at 410-260-7078.  

The online application is STRONGLY encouraged.  If you do not have access to the Internet and need to fill out a paper application, please forward to: 

Maryland State Treasurer’s Office
80 Calvert Street, Room 109
Annapolis, Maryland  21401
Attn:  Human Resources

or  FAX:  410-260-4090.

 

As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity. 

We thank our Veterans for their service to our country, and encourage them to apply.

TTY  Users: call via Maryland Relay