The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s insurance industry and protects Maryland consumers. There are approximately 1,600 insurance companies and more than 135,000 insurance producers (agents and brokers) that conduct business in the State of Maryland and that impact Maryland citizens who purchase insurance products. Through the diligence of a highly professional staff, the MIA works to facilitate a strong insurance marketplace where consumers are well informed and treated fairly.
IMPORTANT: To be considered for a position with the MIA, you must upload a single document that contains a cover letter stating your interest with your salary history and salary requirements, along with a current professional resume. Refer to the "Further Instructions" section at the end of this page.
Main Purpose of Job
The MIA’s Property & Casualty Senior Actuary handles property and casualty actuarial responsibilities, with primary focus on automobile, homeowners, workers compensation, medical malpractice, and title insurance rate filings from insurance companies and rating organizations. The Senior Actuary will review rate filings for adherence to actuarial principles and compliance with Maryland statutes and regulations. The Senior Actuary will provide actuarial perspective and recommendations to the Property & Casualty staff and management. The Senior Actuary will be required to provide testimony relating to the review of a filing if a hearing is held, and must also produce reports that are required by law with input from the Associate Commissioner of the Propery & Casualty Unit.
MINIMUM EDUCATION OR GENERAL REQUIREMENTS
EDUCATION: Bachelor's Degree from an accredited four-year college or university.
EXPERIENCE: A minimum of five (5) years of related Property & Casualty actuarial experience.
Professional Credentials: Associate or Fellow of the Casualty Actuarial Society and membership in the American Academy of Actuaries. Additional actuarial experience for candidates not yet at the Associate level may be considered.
DESIRED OR PREFERRED QUALIFICATIONS
- Proficiency in Excel and the ability to maintain files and databases is desired.
- Familiarity with Maryland laws and regulations
- Familiarity with the use of catastrophe models and credit-scoring models in property insurance rate-making.
- Supervisory experience is preferred.
STATE OF MARYLAND BENEFITS
For immediate consideration, you MUST upload a single document at the "Resume" tab that contains:
1) a cover letter stating your interest;
2) salary history;
3) specific salary requirements; and
4) a current professional resume.
If you are unable to apply online, you may submit via mail. Please be sure to include all documents listed above to ensure timely processing and a postmark of April 5, 2013 .
Complete application packets may be mailed to:
Maryland Insurance Administration
200 St. Paul Place, Suite 2700
Baltimore, MD 21202
Incomplete submission will not receive consideration.
As an equal opportunity employer Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.