Treasury Specialist III
INSURANCE UNDERWRITING
Recruitment #22-002745-0001
Department | Treasury Insurance Management |
---|---|
Date Opened | 3/7/2022 1:15:00 PM |
Filing Deadline | 8/8/2022 5:27:00 PM |
Salary | $45,439.00 - $73,770.00/year |
Employment Type |
Full-Time
|
HR Analyst | Michele Reid |
Work Location |
Anne Arundel
|
Introduction
The constitutional and
statutory provisions relating to the Office of the State Treasurer can be found
in Articles I, III, V, VI, and XII of the Maryland Constitution; Title 5 of the
State Government Article; and Titles 2 and 6-9 of the State Finance and
Procurement Article.
Specifically, the Treasurer's
Office is responsible for administering the State Insurance Program of
purchased insurance and self-insurance including coverage of the State's
liability under the Maryland Tort Claims Act.
GRADE
LOCATION OF POSITION
Main Purpose of Job
The Insurance Division is
responsible for administering the State’s Insurance Program. The Division is
made up of four units: Claims, Underwriting, Loss Management and Litigation.
The Division's goal is to provide statewide risk management through loss
restoration (Claims), loss protection (Underwriting), loss management (Loss
Control/Prevention), and loss resolution (Litigation).
The Underwriting Unit manages
the insurance needs of the State through self-insurance, and with the
procurement of commercial insurance. Commercial insurance protects the State
Insurance Trust Fund from catastrophic losses and fulfills certain statutory
requirements and agency contractual agreements. The Unit analyzes commercial coverage
offerings, prices, limits and deductibles and then recommends to the Treasurer
the combination that best protects the State of Maryland's
assets. As part of its mission to manage the State's insurance
needs, the Underwriting Unit conducts an annual insurance survey to gather data
on State exposures. The collected data is used to purchase commercial insurance
policies and as a component for setting self-insurance premiums. This database
serves as the only official record of the State’s assets.
The Underwriter is the liaison
between the insurance broker and the State agencies when insurance questions
arise regarding the commercial insurance coverage, and the Underwriter also
handles agency questions related to the State’s self-insurance program. The
Underwriter is responsible for the accurate and timely production of required
reports including MBE Reports, PAAR Reports, SBR Reports, and the GAD Report.
The Underwriter maintains the broker database, Policy Placement list, Fiscal
Year Invoice Tracking list, and various inventories including the Fine Art on
Loan inventory. When broker services contracts come up for renewal, the
Underwriter works with the Director of Insurance and the Underwriting Manager
to compose RFPs and participates in the Technical Evaluation Committee for each
contract.
POSITION DUTIES
§ Request underwriting information including but not limited to
renewal applications, endorsement information, and carrier questions etc. by
the due date and pend for receipt of items requested.
§ Review all policies and endorsements for
accuracy within 30, 60, 90, 120 days of receipt, requesting changes as needed,
and pend for receipt of those changes.
§ Obtain certificates of insurance from the broker
for commercial policies and produce self-insurance certificates for
self-insured coverages as requested by State agencies.
§ Reply to agency questions about insurance and
claims inquiries about commercial policies.
§ Maintain various inventories including Fine art
on loan, State-owned aircraft and vessels, student athletes, and Allied Health
students and supply them by the brokers' requested due date.
§ Prepare report including PAAR, MBE, SBR, GAD and
the Invoice Tracking list by fiscal year. Also maintain the Policy Placement
list, Broker list, and produce policy summaries in I5 system.
§ Write and proof RFPs with the Director of
Insurance and the Underwriting Manager. Participate in Technical Evaluation
Committees as requested, and maintain Broker Service contract files to include
the contract and all subsequent amendments and correspondence.
§ Compile and manage the only property schedule
database of owned properties and leased locations for the State by soliciting
Survey data from all State agencies and updating the database each year.
§ Calculate and allocate State agency self-insurance premiums for fine art, bond, and hull for the budget process. Calculate blanket commercial insurance premiums and allocate a portion to each State agency; also calculate commercial insurance premiums for agency-specific policies, all of which the Underwriter later updates to the actual premiums paid.
MINIMUM QUALIFICATIONS
Education: Possession of
a bachelor’s degree from an accredited four year college or university
including or supplemented by at least 18 credit hours in accounting, business
administration or equivalent business subjects.
Experience: Three years of
employment in responsible public administration, business administration,
and/or accounting or auditing.
OR
Education: Graduation
from a standard high school, including or supplemented by 18 credited hours in
business administration, accounting, or equivalent business subjects.
Experience: Seven years
of experience as defined above.
Note:
1. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in financial administration and program classification or financial administration specialty codes in the accounting and budget group field of work on a year-for-year basis for the required experience and education.
SELECTIVE QUALIFICATIONS
Applicants must meet the
selective qualification(s) to be considered. Include clear and specific
information on your application regarding your qualifications.
• One year of the required
years of experience must be specifically in the insurance underwriting field.
DESIRED OR PREFERRED QUALIFICATIONS
Preference will be given
to applicants who possess the following preferred
qualification(s). Include clear and specific information on your application
regarding your qualifications.
§
Underwriting experience in
commercial lines working with or for an insurance company/agency
§
Bachelor’s degree or continuing
education in insurance, business, or other related discipline/field
§
AU, CPCU, ARM, ARMP or other
underwriting designations
§
Large Commercial Account
underwriting experience
§
Working knowledge of public
entity procurement processes
§
Proficiency with Microsoft
Word, Excel and Outlook.
LIMITATIONS ON SELECTION
Candidates must be willing to work in the
Annapolis area.
SELECTION PROCESS
Applicants who meet the minimum and selective
qualifications will be admitted to examination for this classification.
Successful candidates passing the examination will be ranked as BEST QUALIFIED,
BETTER QUALIFIED, or QUALIFIED and placed on the employment (eligible) list for
one year.
EXAMINATION PROCESS
The examination may consist of a rating of your education, training, and experience related to the requirements of the position. You may be required to complete a qualifications supplement, or the rating may be based on your application. Therefore, it is important that you provide complete and accurate information on your application. Report all experience and education that is related to this position.
BARGAINING UNIT STATUS
BENEFITS
This is a full-time,
permanent position with the State of Maryland, and is eligible for full State
benefits. Some of these benefits include:
·
Comprehensive,
subsidized health, dental and prescription plans
·
Flexible Spending
Account plans for Health Care and Daycare
·
Paid holidays 12-13
per year
·
Generous paid leave
package (annual, sick, personal and compensatory leave)
·
State Pension
("defined benefit" plan)
·
Tax-deferred
supplemental retirement savings plans (401(k) and 457)
·
Free parking
To learn more, click
here:
FURTHER INSTRUCTIONS
Job opportunities
within the Maryland State Treasurer’s Office are accessible through JobAps, the
Statewide Recruitment, Examination and Applicant tracking
system. Please upload a current copy of your resume with your
application.
Electronic application
is strongly preferred; however, if you do not have access to a computer, you
may send a copy of your resume to the State Treasurer's Office, Human
Resources, 80 Calvert Street, Room 109, Annapolis MD 21401, or fax to
410-260-4090.
Any questions
regarding this recruitment or the recruitment process may be directed to the
STO Personnel Office at 410-260-7078.
As an equal opportunity
employer, Maryland is committed to recruiting, retaining and promoting
employees who are reflective of the State’s diversity.
TTY Users: Call
via Maryland Relay