SENIOR FINANCIAL ANALYST I

State of Maryland

$80K — $95K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree from an accredited college or university
  • Minimum three years of experience in a state insurance department, public accounting, or financial audit
  • Active CPA, AFE, or CFE designation required

Responsibilities

  • Monitor domestic and foreign insurance companies for compliance and solvency
  • Perform in-depth analyses of insurers' financial statements
  • Identify and assess insurance companies' exposure to risks
  • Investigate significant fluctuations or issues affecting solvency
  • Research relevant topics and document significant findings
  • Prepare overall summaries and draft correspondence
  • Review and provide feedback on work products of Financial Analysts

Benefits

  • Generous leave package
  • Medical, prescription, dental, and vision coverage
  • Flexible spending accounts for healthcare and dependent daycare
  • Defined benefit pension plan with optional 457 and 401k plans
  • Flexible work schedules
  • Eligibility for the Federal Public Service Loan Forgiveness Program
Full Job Description
GRADE

MIA 0019

LOCATION OF POSITION

Baltimore City or Hybrid (between office and telework)

POSITION DUTIES

The MIA is recruiting to fill a Senior Financial Analyst I position with the Financial Regulation Division. This position represents the lead level of work monitoring domestic and foreign insurance companies that transact business in Maryland for solvency and for compliance with applicable laws, regulations, and other regulatory requirements to protect Maryland citizens. The position performs in-depth analyses of insurers' annual and quarterly statements, and other filings, to identify and assess the insurer's exposure to the branded risk classifications; and investigates and assesses significant unusual items, fluctuations or other issues found and significant prospective risks with the potential to affect the solvency of the insurer. The Senior Financial Analyst I researches related topics/issues, documents significant findings, writes an overall summary, prepares draft correspondence, and concludes on the financial condition and statutory compliance of the insurers. In addition, the Senior Financial Analyst I performs in-depth reviews of the work products of assigned Financial Analysts; prepares review notes related to those reviews; and ensures that areas of concern are properly addressed.

MINIMUM QUALIFICATIONS

Education: Bachelors' 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 another entity in a financial or audit-related area is required.

Licenses, Registrations and Certifications: Active Certified Public Accountant (CPA), Accredited Financial Examiner (AFE), or Certified Financial Examiner (CFE) designation required.

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: [redacted] 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 #: 26-009643-0002

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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