CHIEF EXAMINER

State of Maryland

$100K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree from an accredited college or university.
  • Five years of experience in insurance department or audit-related field, with four years in a supervisory role.
  • Active Certified Financial Examiner (CFE) designation required.
  • Knowledge of Generally Accepted Accounting Principles (GAAP).
  • Knowledge of Generally Accepted Auditing Standards (GAAS).

Responsibilities

  • Manage the entire financial examination process from scheduling to final report issuance.
  • Ensure examinations are effective and meet MIA and NAIC Accreditation standards.
  • Review and approve examination planning documents and final reports.
  • Attend status meetings and provide direction to examiners as needed.
  • Design and conduct training for field examiners and meet with companies on financial issues.

Benefits

  • Generous leave package.
  • Comprehensive medical, prescription, dental, and vision coverage.
  • Healthcare and dependent daycare flexible spending accounts.
  • Defined benefit pension plan with optional retirement plans.
  • Flexible work schedules and potential for loan forgiveness qualifying service.
Full Job Description
GRADE

MIA 0025

LOCATION OF POSITION

Baltimore City or Hybrid (between office and telework)

Main Purpose of Job

The Chief Examiner manages the entire financial examination process, from scheduling examinations to final report issuance, to ensure the financial solvency of insurance companies and health maintenance organizations licensed in Maryland, that examinations are conducted effectively and efficiently, that examination procedures are sufficient to assess the companies' financial condition, that procedures will detect financial solvency risk areas, potential troubled companies and other significant issues, and that examinations meet the MIA and National Association of Insurance Commissioners (NAIC) Accreditation standards.

POSITION DUTIES

The Maryland Insurance Administration is recruiting to fill the Chief Examiner position in the Financial Regulation Division. The Chief Examiner manages the entire financial examination process, from scheduling examinations to final report issuance, to ensure the financial solvency of insurance companies and health maintenance organizations licensed in Maryland, that examinations are conducted effectively and efficiently, that examination procedures are sufficient to assess the companies' financial condition, that procedures will detect financial solvency risk areas, potential troubled companies and other significant issues, and that examinations meet the MIA and National Association of Insurance Commissioners (NAIC) Accreditation standards.

The Chief Examiner is also responsible for scheduling all examinations, reviewing and approving initial examination planning documents, attending status meetings on examinations, reviewing selected work papers in high-risk areas, providing direction and input to the examiners as needed, and reviewing and approving final examination reports. The Chief Examiner's duties may also include designing and conducting training for the staff of field examiners, meeting with companies on financial and admission issues, and attending NAIC conferences.

MINIMUM QUALIFICATIONS

Education: Bachelor's Degree from an accredited college or university.

Experience: Five 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; and four of those years must be in an in-charge or supervisory capacity.

Licenses, Registrations and Certifications: Active Certified Financial Examiner (CFE) designation in accordance with the National Association of Insurance Commissioner (NAIC) requirement for Financial Examiners.

DESIRED OR PREFERRED QUALIFICATIONS

  • Knowledge of Generally Accepted Accounting Principles (GAAP).
  • Knowledge of Generally Accepted Auditing Standards (GAAS).


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: [email protected] 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 #: 26-009662-0001

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.

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