Insurance Examiner 3

State of Iowa - Executive Branch; Des Moines (IA); On-site; USD 65,000 - 90,000; Full time

Benefits offered by this job

IPERS

Retirement Investors Club (RIC)

Flexible Working Environment

Health, Dental and Vision Insurance

Vacation Leave

Sick Leave

Paid Holidays

Flexible Spending Accounts

Life Insurance

Job summary

The Company Regulation Bureau is seeking an Insurance Examiner 3 to join the financial examinations team in Des Moines, IA. The role provides professional oversight of insurance entities by auditing financial records to assess risk and compliance with laws and regulations.

A foundational understanding of insurance, risk, and regulations is required, with potential duties as Examiner-in-Charge for simpler entities and mentoring staff. Preferred designations include AFE, CFE, AES, or CISA.

Qualifications

• Graduation from an accredited four-year college or university with a degree in insurance, accounting, actuarial science, risk management, finance or business, plus 3 years in insurance examination or related fields.
• Law degree and Iowa license to practice law.
• Four years of education and/or full-time experience in insurance examination, financial analysis, QA, ERM or governance (with specified coursework).
• Three years of graduate-level education and/or full-time experience as described.
• Current, continuous experience in the state executive branch including one year as Insurance Examiner 2.

Responsibilities

• May act as Examiner-in-Charge for less complex entities.
• Audit non-traditional risk-bearing entities and train staff.
• May support management on NAIC working groups.

Education

Insurance/Accounting degree

Law degree + license

Four years education/experience

Graduate-level education + experience

Current state exam experience

Job description

Job Description

The Company Regulation Bureau is looking for an Insurance Examiner 3 to join our financial examinations team.

This is a non-merit position

The Insurance Examiner 3 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 3 should have a foundational understanding of insurance, risk, and regulations to complete assignments independently or to review the work of other team members.

May function as an “Examiner-in-Charge” for less complex entities; audit other non-traditional risk bearing entities; train and advise staff; perform other related work as required.

May 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 great total compensation package for all of our full-time employees, including:

• Iowa Public Employees' Retirement System (IPERS)
• Retirement Investors Club (RIC)
• Flexible Working Environment
• Health, Dental and Vision Insurance
• Vacation Leave
• Sick Leave
• Paid Holidays (9 days/year)
• Flexible Spending Accounts
• Life Insurance

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 .

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, and experience equal to three years of full-time work in insurance industry examination, financial analysis, quality assurance, enterprise risk management, or corporate governance.
• Graduation from an accredited college or university with a law degree, and possession of a license to practice law in Iowa.
• All of the following (a and b):
• 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, degree 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
• A total of three 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.
• Current, continuous experience in the state executive branch that includes one year of full-time work as an Insurance Examiner 2.

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.

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