INSURANCE LOSS MANAGEMENT SPECIALIST

The Maryland Tort Claims Act requires that all claims against the State be filed with the State Treasurer's Office, creating the need for the Insurance Division. The Insurance Division is responsible for administering the State's Insurance Program, which is comprised of both commercial and self-insurance. Commercial insurance policies are procured to cover catastrophic property and liability losses, and other obligations derived from State contracts, statutes and regulations. Self-insurance coverage includes State-owned real and personal property, vehicles, and liability claims covered under the Maryland Tort Claims Act.

The Insurance Division is comprised 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).

*Please note that the Insurance Division does NOT handle Worker's Compensation claims.

The Insurance Division is seeking a poised, high-energy, enthusiastic and self-motivated individual to oversee and coordinate an effective and sustainable Loss Management Program which embraces all State agencies. The program will focus on reduction and control of preventable sources of loss, and reducing the cost of losses covered under the State Insurance Trust Fund (SITF) and supplemental commercial insurance policies.  This is a sole-function position.

EXAMPLES OF WORK:

• Serves as a delegate of the Treasurer, meets with appropriate representatives of all State agencies to assess their main sources of loss and promote the importance of effective safety and loss prevention programs
• Conducts educational and informational loss control presentations throughout the State
• Works with claims adjusters, underwriters and Assistant Attorneys General to help develop suggested action plans for all State agencies to implement in order to help reduce the frequency and severity of their preventable losses
• Assists State agency safety/risk management staff with the design and implementation of action plans that will reduce the cost of preventable losses and reduce or eliminate the sources of potential loss
• Participates in large and serious preventable loss investigations and proposes action plans to eliminate or mitigate the cost of future such occurrences; conducts any optional follow up visits after the completion of repairs
• Develops loss management reports that will quantify and analyze incurred loss costs and trends for claims presented under the SITF and commercial insurance policies
• Monitors all State agency results in meeting loss cost reduction and loss management action plan goals

Education:  Bachelor’s Degree from an accredited college or university.

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Experience:   Minimum of 5 years experience working for a Commercial or Property & Casualty Insurance Carrier, with exposure to and technical knowledge of loss control, underwriting, and claims adjusting.

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

• Experience auditing and/or running a loss control program and providing quality assurance towards best practices
• Strong presentation skills and the ability to be a dynamic strategic leader are critical as the position will require direct client interaction, the ability to work with other insurance professionals in a team and develop solutions to complex loss control problems.
• Experience adjusting multi-line claims
• CERM, CMA, RIMS Fellowship, or other insurance industry designations or related course work

Please attach a sample of correspondence that was written independently by you. 

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Candidates will be required to travel to off-site locations as part of the job requirements.  Candidates should possess a valid driver's license.

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.    

STATE OF MARYLAND BENEFITS

NOTES:  Applicants will be subject to a background investigation to include credit, criminal and driving history.  

Please upload a current resume and correspondence sample for this recruitment.  General Questions for this recruitment can be directed to the STO Personnel Office at 410-260-7078.  

Online application is STRONGLY preferred.  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. People with disabilities and bilingual candidates are encouraged to apply. We thank our Veterans for their service to our country. 

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