Senior Insurance Financial Examiner — Remote Lead

Introduction

The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s $49 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.

These are Management Service positions that serve at the pleasure of the Appointing Authority.

• Salary Guidelines Apply
• Senior Examiner (MIA 0019): $81,750 - $128,924
• Examiner-In-Charge I (MIA 0020): $87,253 - $137,603

Baltimore City, Hybrid (between office and telework), or 100% remote.

The MIA's Financial Regulation Division is recruiting to fill two positions at the Senior Examiner or Examiner-in-Charge I levels. An Examiner-in-Charge I functions as the day-to-day lead worker on financial examinations of medium‑sized Maryland-domiciled insurance companies. The Examiner-in-Charge I plans the examination, assigns and reviews work of staff examiners, coordinates the work of specialists, identifies solvency and other issues, and drafts examination reports.

A Senior Examiner functions as an assistant on financial examinations of Maryland-domiciled insurance companies. The Senior Examiner reports to and receives direction from the Examiner-in-Charge designated to oversee the exam. The Senior Examiner examines financial statement accounts with the most complex accounting, internal control, solvency and compliance issues. This position also serves as a lead worker to other staff examiners, assisting the Senior Examiner on assigned work.

In these instances, the Senior Examiner is responsible for providing direction to and reviewing the work performed by lower‑level Insurance Examiner staff to ensure that directions are properly carried out.

For both levels, portions of the work may be performed at the insurance companies or other entities regulated by the State, and portions are performed via telework. The positions may be required to travel, within and outside the State, and may involve long commutes or overnight stays.

• Education: Bachelor’s Degree from an accredited four‑year college or university.
• Experience: Three years of experience with a state insurance department, public accounting firm, or similar audit entity, or another entity in a financial or audit‑related area.
• Licenses, Registrations, and
  
  Certifications:
  
  Active Accredited Financial Examiner (AFE) designation, Certified Financial Examiner (CFE) designation, Certified Internal Auditor (CIA) designation, or Certified Public Accountant (CPA) license.
• Special Requirements: An employee possessing a Certified Internal Auditor (CIA) designation, or Certified Public Accountant (CPA) license must obtain the Society of Financial Examiners’ Accredited Financial Examiner (AFE) designation within three years of employment.

• Education: Bachelor’s degree from an accredited college or university.
• Experience: Three years of experience with a state insurance department, a public accounting firm or similar audit entity, or an insurance company in a financial or audit‑related area. One year of this experience must have been in an in‑charge or supervisory capacity.
• Licenses, Registrations, and
  
  Certifications:
  
  Active Certified Financial Examiner (CFE) designation, Active…