FINANCIAL REGULATION ANALYST, CONTRACTUAL (MIA Analyst II)

Introduction

The Maryland Insurance Administration (MIA) is an independent State agency that regulates Marylandâs $49 billion insurance industry and protects consumers by monitoring and enforcing insurersâ and insurance professionalsâ compliance with State law. Staff members are subject matter experts who serve as a resource for lawmakers, consumers, and other public and private entities.Â

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.

GRADE

MIA 0016

LOCATION OF POSITION

Baltimore City or Hybrid (between office and telework)

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POSITION DUTIES

The MIA is recruiting to fill a contractual Financial Regulation Analyst position. Under the direction of the Chief Examiner of the Financial Regulation Division, the Analyst will lead the research, data collection, and report drafting required to fulfill Senate Bill 890 (2026) which will evaluate the overall utilization of captive insurance companies by nonprofit health systems and for-profit entities operating in Maryland. Specifically, the Analyst will research and review existing federal and state regulatory and taxation frameworks focusing on mechanisms used to fund state regulatory oversight and how other states tax capital contributions and internal reserves, including whether different tax treatments are applied based on the nonprofit or for-profit status of the captive owner. This position will also evaluate the feasibility, utility, and potential structure of establishing a State registry for captive insurance companies domiciled in other jurisdictions or offshore but used by entities in the State; Â and analyze how a registry framework could provide regulatory transparency and fund oversight operations as an alternative to a premium tax framework, while assessing inter-state confidentiality constraints. The Analyst will collect, review, and analyze aggregate compliance data and results from completed investigations regarding the unauthorized use of captive insurance by nonprofit and for-profit entities in the State, ultimately drafting the Senate Bill 890 Report for internal executive review prior to submission to the Governor and the Maryland General Assembly.

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This contractual position will work up to 40 hours per week through January 1, 2027.

MINIMUM QUALIFICATIONS

Education: Possession of a Bachelorâs degree from an accredited college or university.

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Experience: Two years of professional experience conducting research, policy analysis, legislative analysis or related analytical work.Â

DESIRED OR PREFERRED QUALIFICATIONS

• Experience researching and/or interpreting federal or state laws or regulations.
• Experience drafting legislative or policy reports.
• Familiarity with the insurance industry.
• Bachelorâs degree in Business Administration, Public Policy, Law, Political Science or related field.

BENEFITS

Contractual employees who work for an agency covered under the State Employee and Retiree Health and Welfare Benefits Program, have a current employment contract and work 30 or more hours a week (or on average 130 hours per month) may be eligible for subsidized health benefits coverage for themselves and their dependents. As a contractual employee, you will be responsible for paying 25% of the premiums for your medical and prescription coverage, including any eligible dependents you have enrolled. The State of Maryland will subsidize the remaining 75% of the cost for these benefits. You can also elect to enroll in dental coverage, accidental death and dismemberment insurance, and life insurance, but will be responsible to pay the full premium for these benefits.

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Leave may be granted to a contractual employee who has worked 120 days in a 12 month period. This leave accrues at a rate of one hour for every 30 hours worked, not to exceed 40 hours per calendar year.

FURTHER INSTRUCTIONS

Please contact: charrison@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.

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If you are unable to apply online, you may submit an application packet by mail. Â Your submission must be received by close of business, on the closing date for the recruitment. Postmarks will not be accepted.

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Complete application packets may be mailed to:

Maryland Insurance Administration

Human Resources - Recruitment #: 26-009640-0006

St. Paul Place, Suite 2700

Baltimore, MD 21202

TTY Â 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 Stateâs diversity.