FINANCIAL REGULATION ANALYST, CONTRACTUAL (MIA Analyst II)

Maryland AG; Baltimore, Northern (MD, KY); Hybrid; USD 75,000 - 90,000; Full time

Job summary

The Maryland Insurance Administration (MIA) is seeking a contractual Financial Regulation Analyst to support Senate Bill 890 (2026) research and reporting. The analyst will collect data, examine regulatory frameworks, and draft a comprehensive SB890 report for executive review.

Based in Baltimore with hybrid work options, the role involves evaluating captive insurance structures, taxation, and regulatory transparency, and coordinating with the Chief Examiner and state officials.

Qualifications

• Bachelor’s degree from an accredited college or university.
• Two years of professional experience conducting research, policy analysis, or legislative analysis.
• Experience with regulatory or legislative analysis preferred.

Responsibilities

• Lead research, data collection, and drafting for Senate Bill 890 report.
• Review regulatory and taxation frameworks affecting captives.
• Assess feasibility of a state captive registry and funding.
• Prepare the SB890 Report for executive review.
• Work up to 40 hours per week through January 1, 2027.

Skills

Policy analysis

Legislative analysis

Research

Education

Bachelor’s degree from an accredited college or university

Bachelor’s degree in Business Administration, Public Policy, Law, Political Science or related field

Job description

Introduction

The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s
$49 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.

GRADE

MIA 0016

LOCATION OF POSITION

Baltimore City or
Hybrid (between office and telework)

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

MINIMUM QUALIFICATIONS

Education: Possession of a
Bachelor’s degree from an accredited college or university.
Experience: Two years of professional
experience conducting research, policy analysis, legislative analysis or
related analytical work.

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.
Bachelor’s 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.
• 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.

As an equal opportunity employer Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.

We thank our Veterans for their service to our country, and encourage them to apply.