Associate Commissioner of Financial Regulation

Praxis Tech; Maryland; On-site; USD 150,000 - 230,000; Full time

Benefits offered by this job

Health Insurance

Retirement Plan

Paid Time Off

Job summary

Praxis Tech in Maryland seeks an Associate Commissioner of Financial Regulation to lead licensing and oversight of state insurance companies. This executive role focuses on ensuring solvency, regulatory compliance, and effective supervision of regulated entities.

The position requires strong knowledge of GAAP, SSAP, SAS, and related IT systems to monitor financial statements, actuarial reports, and risk management, and to determine appropriate actions under state law.

Job description

Associate Commissioner of Financial Regulation

The Associate Commissioner of Financial Regulation is the senior staff authority on all issues pertaining to the licensing and financial oversight of insurance companies in the state, including monitoring and regulating the financial condition of all proposed and authorized insurers and other regulated entities.

Areas of responsibility include management of staff; oversight of financial examinations of domestic insurers; analysis of financial statements, proposed transactions, independent auditor reports, actuarial reports, business plans and risks, and operations and systems to monitor solvency; determine compliance with state law and recommend appropriate action; and audits of premium tax returns for companies licensed to conduct insurance business in Maryland. This position requires extensive knowledge and application of the theories and practices of Generally Accepted Accounting Principles (GAAP), Statements of Statutory Accounting Principles (SSAP), Statements on Auditing Standards (SAS), and related information technology.

Estimated Benefits

• Health Insurance
• Retirement Plan
• Paid Time Off