In a large pot or Dutch oven, heat the olive oil over medium-high heat. Season the chicken thighs with salt, pepper, garlic powder, thyme, and paprika. Add the chicken to the pot, skin-side down, and sear for about 5-7 minutes until golden brown. Flip and cook for an additional 5 minutes. Remove the chicken and set aside.
In the same pot, add the chopped onion and minced garlic. Sauté for 2-3 minutes until the onion is translucent.
Add the sliced carrots and halved baby potatoes to the pot. Stir to combine and cook for another 3-4 minutes.
Pour in the chicken broth and bring to a simmer. Return the chicken thighs to the pot, skin-side up. Cover and reduce heat to low. Cook for 25-30 minutes, or until the chicken is cooked through and the vegetables are tender.
In the last 5 minutes of cooking, stir in the green peas. Adjust seasoning if needed.
Serve hot, garnished with chopped parsley.