Job Description
This is a non-merit position. Candidates must follow the instructions in the "To Apply" section. Positions in this class are exempt from the screening and referral requirements of the Iowa Department of Administrative Services - Human Resources Enterprise.
The Iowa Insurance Division (IID) is seeking a highly motivated individual to join its Company Regulation Bureau (CREG) financial analysis team; preference will be given to candidates with relevant experience.
CREG is responsible for monitoring and ensuring the solvency of insurers doing business in Iowa, with policyholder protection being the key objective.
Insurance Company Analysts (analysts) serve as the primary source of information regarding the solvency and operation of the insurers assigned for their review. Analysts analyze/review all key aspects of assigned insurance companies, including but not limited to financial statements, actuarial opinions, audited financial reports, intercompany transactions, enterprise risk management, and corporate governance.
The Analyst leverages information obtained from review of statutorily-required filings, company meetings, ongoing field examination updates and findings, as well as public filings and news sources as they collaborate with an assigned reviewer (who provides both written and verbal feedback/guidance) to document their understanding of an insurer using a risk-focused analysis process.
Analysts attend and participate in continuing education opportunities to keep abreast of trends in the insurance market and changes in regulatory requirements. Travel for the position is generally training-related, with overall travel for the position at <5%.
Successful Candidates Will Demonstrate
- A strong foundation in accounting or finance
- Knowledge of the insurance industry and/or regulation thereof
- Attention to detail
- Strong written and verbal communication
- A willingness to receive and incorporate constructive feedback
- An ability to meet critical timeframes
- Critical thinking skills: decision making supported by measuring, calculating, reasoning, analyzing, prioritizing and synthesizing data
- Effective, respectful working relationships with colleagues and regulated entities
- Detailed, accurate and professional documentation, including formal notes and memorandums
- Proficiency in the use of personal computers, peripheral equipment and various software packages, including the Microsoft Office Suite
The Iowa Insurance Division offers a strong team culture and a respect for work-life balance. We have a competitive total compensation package for all our full-time
Employees, Including
- Iowa Public Employees Retirement System (IPERS)
- Retirement Investors Club (RIC)
- Health, Dental and Vision Insurance
- Vacation and Sick Leave
- Paid Holidays (9 days/year)
- Hybrid Telework opportunities
- Compensation for approved professional designations
In addition to a competitive compensation package for this position, high-achieving analysts have significant promotional opportunities within CREG.
If you have any questions, please reach out to employment@iid.iowa.gov .
Applicants must reside in the State of Iowa upon hire
The State of Iowa participates in E-Verify, a federal program that helps employers confirm the employment eligibility of all newly hired employees. Within the required timeframe, new hires will be verified through the E-Verify system to ensure authorization to work in the United States. The State of Iowa also complies with the federal Right to Work laws, which protect employees’ rights to work without being required to join a labor organization. For more information, please visit www.e-verify.gov .
Minimum Qualification Requirements
Applicants must meet at least one of the following minimum requirements to qualify for positions in this job classification:
- Graduation from an accredited four-year college or university with a degree in insurance, accounting, actuarial science, risk management, finance, or business.
- A total of four years of education and/or full-time experience, where thirty semester hours of accredited college or university course work in insurance, accounting, actuarial science, risk management, finance, or business equals one year of full-time experience in insurance industry examination, financial analysis, quality assurance, enterprise risk management, or corporate governance.
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Additional Qualification Requirements
Travel, including overnight, out-of-state, and international travel, may be required for positions in this class. Employees must arrange transportation to and from assigned work areas.
