What are the responsibilities and job description for the EXECUTIVE DIRECTOR OF RATES AND FORMS *Revised position at State of Maryland - Maryland Insurance Administration?
Introduction
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 0022
LOCATION OF POSITION
Baltimore City, Hybrid (between office and telework)
POSITION DUTIES
The Maryland Insurance Administration is seeking to hire an Executive Director of Rates and Forms in the Property and Casualty Division (P&C). This position reports directly to the Associate Commissioner of Property and Casualty. The Executive Director will manage the day-to-day operational oversight of the Property and Casualty Rates & Forms staff. This position will supervise the review of rate/rule forms and other filings to make sure that the reviews are performed in accordance with the laws and regulations in a timely manner. The Executive Director assists the Associate Commissioner in the management and administration of the Rates and Forms section of the Property and Casualty Division. The Executive Director of Rates and Forms serves as the subject matter expert, reviews and provides comments on legislative matters impacting the P&C Unit; and assures timely and quality reviews and responses by the Rates & Forms section on all key projects and initiatives. The incumbent also participates in complaint file committee reviews, Administrative Hearings, and meetings with industry representatives. The Executive Director of Rates and Forms advises the Associate Commissioner and other members of Senior Staff of the impact of the various filings on Maryland’s Insurance Market and on potential laws and regulations. This position also assists the Associate Commissioner with the research and writing of reports, proposed legislations, regulations, bulletins, advisories, etc. In addition, this position assists with the implementation of new legislation and regulations and ensures that the staff are trained on new and existing regulatory requirements.
MINIMUM QUALIFICATIONS
Education: A Bachelor's degree from an accredited college or university in�Management, Business Administration, or related field. Experience: �Seven years of Property & Casualty Rates & Forms review experience and three�years of direct management/supervisory experience. Note: Additional�Property & Casualty�Rates & Forms experience may�substitute on a year-for-year basis for up to four years of the required education.
DESIRED OR PREFERRED QUALIFICATIONS
The ideal candidate will possess: Knowledge of Maryland’s Insurance Laws, regulations (COMAR) and their application to Rates and Forms. Experience working for a regulatory agency. Prior supervisory experience. Excellent written and verbal communications skills.
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: tracey.dailey@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. � 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 #: 24-009646-0004 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.
Salary : $89,913 - $145,151
