Deputy Director, Insurance, Compliance and Reporting; ICR

Position: Deputy Director, Insurance, Compliance and Reporting (ICR)
Introduction OUR MISSION The Maryland Workers' Compensation Commission seeks to secure the equitable and timely administration of the provisions of the Maryland Workers' Compensation law on behalf of its customer, the injured workers, and their employers, by providing an efficient forum for the resolution of individual claims.

OUR VISIONThe Workers' Compensation Commission envisions a state wherein injured workers and employers are empowered to create an equitable partnership to facilitate prompt and fair resolution of workers' compensation matters.

ABOUT US Together we profoundly touch the lives of so many people and have enormous responsibility to the community by fulfilling our mission of securing equitable and timely administration of the law. The Commission continues to provide services to our constituent partners at a level rarely met throughout the United States.  The professionalism, work ethic, and technological acumen manifest in our operations allows us to smoothly and effectively manage the challenges which invariably arise.  

Every division within the agency plays a vital role in keeping us in the forefront nationally...ARE YOU READY TO MAKE A MEANINGFUL DIFFERENCE IN YOUR COMMUNITY AND PURSUE YOUR CAREER PASSION WITH A NATIONALLY RECOGNIZED LEADER?

GRADESTD
0021

This is a Management Service position, and serves at the pleasure of the Appointing Authority.
LOCATION OF POSITION
10

E. Baltimore St.Baltimore, MD 21202

Main Purpose of Job The Deputy Director serves as the chief operating, supervisory, and financial risk-management official for the Insurance, Compliance and Reporting Division. The position is responsible for directing the daily operations of the Division; supervising, developing, and evaluating all Division staff assigned to self-insurance, employer compliance, insurance reporting, and related regulatory programs; and ensuring that the Division’s work is completed accurately, consistently, and within established legal, regulatory, and operational deadlines.

A principal responsibility of the position is the administration and financial oversight of Maryland’s workers’ compensation self-insurance program. Employers authorized to self-insure assume direct responsibility for potentially significant and long-term workers’ compensation liabilities. A deterioration in the financial condition of a self-insured employer, an inadequately funded claims program, insufficient collateral, or a failure of an employer, surety, financial institution, excess insurance carrier, or third-party administrator may expose injured workers and the State’s workers’ compensation system to substantial financial and operational risk.

The Deputy Director directs the comprehensive financial, actuarial, claims, insurance, legal-document, and compliance review of active, financially distressed, terminated, and prospective self-insured employers. The position evaluates corporate financial condition, liquidity, leverage, profitability, cash flow, debt obligations, creditworthiness, claims reserves, loss development, actuarial projections, excess insurance coverage, security instruments, parental guarantees, organizational changes, and industry-specific economic conditions. Based on these evaluations, the Deputy Director develops recommendations concerning approval or continuation of self-insurance authority, security requirements, retention levels, additional financial reporting, corrective actions, and other conditions necessary to protect injured workers and the Commission.

The Deputy Director also manages the operational execution of the Commission’s Employer Compliance Program. This responsibility includes overseeing the identification and investigation of employers that may be operating without…