About this opportunity
Maryland State Treasurer's Office lists this Director - State Insurance Program opportunity in annapolis, Maryland. Review the employer’s description below for duties, qualifications and application requirements.
Job description
The Insurance Division of the Maryland State Treasurer’s Office is statutorily responsible for administering the State’s Insurance Program in accordance with State Government and State Finance & Procurement law. The Program is comprised of both commercial and self-insurance. Commercial insurance policies are procured to cover catastrophic property and liability losses, and other obligations derived from State contracts, statutes and regulations. Among the several exposures covered by commercial policies are State maintained toll bridges and tunnels, rail operations, assorted professional liability exposures and student athlete accidents. The State also self-insures a significant portion of its exposures and maintains the State Insurance Trust Fund to pay claims and the costs associated with handling those claims. Self-insurance coverage includes State-owned real and personal property, vehicles, and liability claims covered under the Maryland Tort Claims Act.
The Division is made up of four units: Underwriting, Loss Prevention, Claims & Tort Litigation, and Workers Compensation Contract Management. The Division’s goal is to provide statewide risk management through loss protection (Underwriting), loss control (Loss Prevention), loss restoration (Claims & Tort Litigation), and contract administration and advocacy for State employee injury coverage (Workers’ Compensation). Operating under directives unlike those of private sector & for-profit insurance companies, the State Insurance Program’s purpose is to achieve the utmost public good for the State and its citizens.
This position serves as the Director of the State’s Insurance Program in the Insurance Division of the Office of the State Treasurer, and reports to the Chief Deputy Treasurer. The Director’s role is to unequivocally support the vision and goals of the Chief Deputy Treasurer and Treasurer in carrying out the Division’s mission: to act as a steward for the State Insurance Trust Fund, to procure all of the State’s 55+ commercial insurance programs in order to protect the Trust Fund from catastrophic loss, to ensure compliance with State laws and regulations, to provide oversight on loss control and litigation, and to ensure proper oversight of the Division’s Claims Unit matters. The Director provides hands‑on leadership, support and coverage for all staff and oversees all activities of the Division. As a government entity and Constitutional office, regular statistical tracking and reporting is a necessity to manage the effective operations of the division.
This position is a full-time State Government employee. This Executive Service position is at-will and serves at the pleasure of the Maryland State Treasurer. The scope of this position is broad, dynamic and diverse. Along with managing the activities of the Insurance Division, the Director oversees collaboration with key personnel at all State agencies to develop and implement strategic plans for effective insurance management. The Director works closely with the Office of the Attorney General and agency Assistant Attorneys General for litigated tort claims at respective agencies, serves as a subject matter expert on the Insurance Review Committee, and controls settlement authority on behalf of the Treasurer. As the State’s lead authority for Insurance matters, the Director is responsible for developing policy related to the State’s Insurance Program, drafting Statewide regulations to support policy, recommending and drafting statutory changes, and preparing and delivering testimony before the General Assembly.
The ideal candidate must be well versed in all areas of insurance, demonstrate professional tact and judgement, and be willing to fully engage in all aspects of insurance administration. This position requires meticulous interest in detail, vigor and vim, and leadership that is driven by confidence and devotion. If you are up for the challenge, read on for details to apply!
Preferred Qualifications
Possession of a Bachelor’s Degree from an accredited four-year college or university
Minimum of 5 years of experience in management, preferably in governmental operations and/or commercial insurance
Demonstrated understanding of self-insurance, claims processing, and litigation
Knowledge of State Government
Knowledge of the Maryland Tort Claims Act
Experience researching, interpreting, applying and/or auditing laws, regulations, guidelines or other technical specifications.
AIC, CPCU, ARM, AU or other insurance industry designation or related course work
Proven ability to manage varying priorities for multiple units, and to produce deliverables for self and staff by established deadlines
Working knowledge of public entity procurement processes
Experience working with commercial insurance brokers
Experience working with and presenting to high-level executives and stakeholders
Experience in diagnosing insurance issues and orchestrating resolutions
Advanced communication skills, both in person and in writing
Advanced level experience with Microsoft 365 products.
LIMITATIONS ON SELECTION : Applicants must be willing to work onsite in the Annapolis area. Candidates will be subject to a background investigation to include credit and criminal history.
This is an at-will, Executive Service position which serves at the pleasure of the Treasurer. Candidates will be selected for interview based on a review and rating of 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. Please submit a current resume to supplement your application.
WHY WORK FOR THE STATE OF MARYLAND?
Job stability and pinnacle experience (we are a Constitutional Office)
Work-life balance and valued agency culture
Ability to make your mark through public service
Conventional hours and hybrid teleworking schedules
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 plans) with $600 State match per year!
Free parking
Comprehensive, subsidized health, dental and prescription plans with little to no deductibles, free generic prescriptions, and free preventative health services
Flexible Spending Account plans for Health Care and Daycare
State Employees Credit Union
Direct Deposit
Salary/Compensation: $126,442 - $190,148 per year
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Worksite address
annapolis, MD, 21403, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.