The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland's $46 billion insurance industry and protects consumers by monitoring and enforcing insurers' and insurance professionals' compliance with State law. 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 Management Service position that serves at the pleasure of the Appointing Authority.
GRADE
MIA 20
LOCATION OF POSITION
Baltimore City or hybrid (between office and telework)
POSITION DUTIES
The MIA's Property and Casualty Division is seeking an Actuary, Property and Casualty to perform actuarial analysis of property and casualty insurance rate/rule filings for adherence to actuarial principles and compliance with the Annotated Code of Maryland Insurance Article and COMAR. This position conducts surveys, special studies, data calls and prepares reports as required under the guidance of the Chief Actuary, Property and Casualty. This position also provides actuarial perspective and recommendations to the Property and Casualty (P&C) Division staff and other sections of the MIA with respect to the Insurance Article, COMAR, MIA policy and legislation; and may provide testimony in support of the analysis or opinions at rate hearings as needed. The Actuary will utilize various types of software to perform job functions. The Actuary, Property & Casualty will report to the Chief Actuary, Property and Casualty.
MINIMUM QUALIFICATIONS
• Bachelor's degree from an accredited college or university;
• A minimum of two years of property/casualty actuarial experience; and
• Associate standing in the Casualty Actuarial Society, and membership in the American Academy of
Actuaries.
DESIRED OR PREFERRED QUALIFICATIONS
• Understanding of property and casualty insurance ratemaking procedures and rate regulatory statues.
• Strong analytical, mathematical, problem solving, and written and verbal communication skills.
• Computer skills and experience with database applications.
BENEFITS
Our comprehensive benefits package includes a generous leave package; medical, prescription, dental and vision coverage; healthcare and dependent daycare flexible spending accounts; a defined benefit pension plan with optional 457 and 401k supplemental retirement plans; flexible work schedules; and service that may qualify the successful candidate for the Federal Public Service Loan Forgiveness Program.
STATE OF MARYLAND BENEFITS
FURTHER INSTRUCTIONS
Please contact: charrison@maryland.gov for additional information concerning this recruitment. Online applications are strongly preferred. For immediate consideration: upload one (1) WORD or PDF file, that includes your combined cover letter and resume, to the "Resume" tab. Please indicate your salary requirements in the cover letter.
If you are unable to apply online, you may submit an application packet by mail. Your submission must be received by close of business, on the closing date for the recruitment. Postmarks will not be accepted.
Complete application packets may be mailed to:
Maryland Insurance Administration
Human Resources - Recruitment #: #25-009644-0001
St. Paul Place, Suite 2700
Baltimore, MD 21202
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.