Fraud And Enforcement Investigator, Contractual

About the position The Maryland Insurance Administration (MIA) is an independent State agency that regulates Maryland’s $46 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. This is a contractual Fraud and Enforcement Investigator position in the Insurance Fraud and Producer Enforcement Division. This position conducts detailed civil and administrative investigations into allegations of insurance fraud and other violations of the Insurance Article, by licensed and unlicensed individuals and entities.

Responsibilities

• Conducts detailed civil and administrative investigations into allegations of insurance fraud and other violations of the Insurance Article, by licensed and unlicensed individuals and entities.
• Interviews witnesses, respondents and suspects.
• Collects and analyzes documents and other evidence.
• Prepares detailed reports, case files, subpoenas, orders to produce, applications for statement of charges or civil fraud orders.
• Testifies in Court and Administrative proceedings.
• Works closely with prosecutors, Assistant Attorneys General, and law enforcement agencies.
• Consults with the Chief Enforcement Officer as well as the Senior Enforcement Officer concerning casework.
• Travels Statewide to perform job responsibilities.

Requirements

• Bachelor’s degree from an accredited four-year college or university.
• Five years of experience conducting investigations of fraud, financial crimes or other civil or criminal misconduct matters; or five years of experience reviewing and analyzing financial documents for investigative purposes.
• Possession of a motor vehicle operator's license valid in the State of Maryland.

Nice-to-haves

• Additional experience conducting investigations of fraud, financial crimes or other civil or criminal misconduct matters, or reviewing and analyzing financial documents for investigative purposes may substitute on a year-for-year basis for up to four years of the required education.

Benefits

• Subsidized health benefits coverage for themselves and their dependents (contractual employees working 30+ hours/week may be eligible for 75% subsidy).
• Option to enroll in dental coverage, accidental death and dismemberment insurance, and life insurance (full premium paid by employee).
• Leave granted at a rate of one hour for every 30 hours worked, not to exceed 40 hours per calendar year.