Insurance Examiner 2

State of Iowa; Des Moines (IA); Hybrid; USD 60,000 - 80,000; Full time

Benefits offered by this job

IPERS

Health Insurance

Paid Vacation and Sick Leave

9 Paid Holidays per Year

Flexible Work Schedules

Telework Opportunities

Professional development

Job summary

State of Iowa seeks an Insurance Examiner 2 to join the financial examinations team. The role provides professional oversight through auditing of financial records to assess risk and ensure compliance with insurance laws and regulations.

The candidate should have foundational insurance knowledge and may advance to complex examinations. Responsibilities include auditing non-traditional risk entities, training staff, and supporting management on NAIC working groups.

Qualifications

• For option (1): Graduation from an accredited four-year college with a degree in insurance, accounting, actuarial science, risk management, finance, or business, plus two years of full-time work in insurance examination, financial analysis, QA, ERM, or corporate governance.
• For option (2): Four years of education/experience with specified coursework equaling one year, plus two years of graduate-level education/experience with specified coursework equaling one year.
• For option (3): Current, continuous experience in the state executive branch including one year as Insurance Examiner 1.

Responsibilities

• Perform auditing assignments in examining financial and related business records to assess risk and compliance with insurance laws.
• Provide professional oversight of entities engaged in the business of insurance.
• Assist in the audit of non-traditional risk bearing entities; train and advise staff; perform related work.
• Support management on NAIC working groups.

Skills

Insurance knowledge

Auditing

Regulatory compliance

Risk assessment

Staff training

Education

Degree in insurance, accounting, actuarial science, risk management, finance, or business

Job description

This is a non-merit position. Candidates must follow the instructions in the "To Apply" section.

The Company Regulation Bureau is looking for an Insurance Examiner 2 to join our financial examinations team. The Insurance Examiner 2 provides professional oversight of entities engaged in the business of insurance by performing auditing assignments in the examination of the financial and related business records to assess risk and determine compliance with insurance laws and regulations.

An Insurance Examiner 2 should have a foundational understanding of insurance, risk, and regulations.

Assist in the audit of other non-traditional risk bearing entities; train and advise staff; perform other related work as required.

Support members of management on NAIC working groups.

An Accredited Financial Examiner (AFE), Certified Financial Examiner (CFE), Automated Examination Specialist (AES), or Certified Information Systems Auditor (CISA) designation is preferred.

The State of Iowa offers a comprehensive benefits package designed to support you professionally and personally:

• Iowa Public Employees’ Retirement System (IPERS)
• Retirement Investors Club (RIC)
• Health, Dental, and Vision Insurance
• Paid Vacation and Sick Leave
• 9 Paid Holidays per Year
• Flexible Work Schedules
• Telework Opportunities (Monday & Friday)
• Employee Assistance Program
• Professional development and learning opportunities

E-Verify and Right to Work 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.

Applicants must meet at least one of the following minimum requirements to qualify for positions in this job classification:

1. Graduation from an accredited four-year college or university with a degree in insurance, accounting, actuarial science, risk management, finance, or business, and experience equal to two years of full-time work in insurance industry examination, financial analysis, quality assurance, enterprise risk management, or corporate governance.
2. All of the following (a and b):
   1. 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; and
   2. A total of two years of graduate-level education and/or full-time experience (as described in part a), where twenty-four semester hours of accredited graduate college or university coursework in business, law, actuarial science, computer science, or pharmaceutical science equals one year of full-time experience.
3. Current, continuous experience in the state executive branch that includes one year of full-time work as an Insurance Examiner 1.

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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.