FINANCIAL REGULATION ANALYST, CONTRACTUAL MIA Analyst II

State of Maryland; Maryland; Hybrid; USD 65.000 - 90.000; Vollzeit

Benefits dieser Stelle

Health benefits subsidy

Dental coverage

AD&D insurance

Life insurance

Leave accrual

Zusammenfassung

The Maryland Insurance Administration seeks a contractual Financial Regulation Analyst to research regulatory and taxation frameworks related to captive insurance entities and to draft the SB 890 report. The role requires rigorous data collection, analysis, and clear reporting for internal and legislative review.

This position is hybrid (Baltimore City area) and typically up to 40 hours per week through January 1, 2027, with benefits described for contractual employees.

Qualifikationen

• Two years of professional experience in research, policy analysis, legislative analysis or related analytical work.
• 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.

Aufgaben

• Lead research, data collection, and report drafting for Senate Bill 890 evaluation.
• Review regulatory and taxation frameworks and capital contributions in captive insurance.
• Analyze feasibility of a State registry for captive insurers and confidentiality constraints.
• Prepare the Senate Bill 890 Report for executive review and Governor/GA submission.

Kenntnisse

Regulatory research

Policy analysis

Legislative reporting

Insurance industry knowledge

Ausbildung

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

Jobbeschreibung

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.

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.

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 State’s diversity.