Investigator

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

Benefits offered by this job

IPERS retirement

Health, Dental and Vision Insurance

Hybrid Telework opportunities

Paid Holidays

Job summary

The Iowa Insurance Division is seeking an experienced Investigator for its Market Regulation Bureau to protect consumers by investigating and enforcing Iowa insurance and financial security statutes and regulations. The role focuses on regulatory investigations of licensed individuals and business entities.

Applicants should have progressive experience in insurance investigations, regulatory compliance, or financial crime investigation, and a strong understanding of state regulatory

Qualifications

• Jurisdictional knowledge of insurance regulation and consumer protection laws.
• Ability to analyze complex business conduct and statutes.
• Experience with investigative reporting and case preparation.

Responsibilities

• Initiate and lead investigations into potential violations of state insurance laws.
• Direct investigations on regulated parties such as producers, adjusters, appraisers, and other entities.
• Review and analyze consumer complaints related to regulated individuals and companies.
• Work with investigators and analysts to support investigations and prosecutions.

Skills

Regulatory investigations

Regulatory compliance

Financial crimes investigation

Interviews (in-person/phone/video)

Analytical thinking

Education

Juris Doctor (JD) or equivalent

Bachelor's degree + 3 years experience

Seven years education/experience option

Experience in state regulatory environment

Job description

Job Description

The Iowa Insurance Division is seeking a highly motivated and experienced Investigator to join our Market Regulation Bureau.

This crucial position is dedicated to consumer protection by investigating and enforcing Iowa insurance and financial security statutes and regulations against unlawful, incompetent, or dishonest market conduct.

If you have experience in insurance and/or financial security investigations and are committed to regulatory compliance, this is your opportunity to play a key role in maintaining integrity across Iowa's insurance and financial security markets.

As an Investigator, you will be primarily responsible for regulatory investigations of licensed individuals and business entities.

Duties Include

• Initiate and lead thorough investigations into potential violations of state insurance laws and regulations.
• Direct investigations on regulated parties, including Producers/Agents, Adjusters, Appraisers, Umpires, investment advisors, and other licensed entities.
• Review, analyze, and investigate consumer complaints involving regulated individuals and companies.
• Analyze insurance company and producer conduct for adherence to critical statutes, including the Insurance Trade Practices Act (Iowa Code Chapter 507B), the Insurance Producer Law (Iowa Code Chapter 522B), Licensing of Adjuster (Iowa Code Chapter 522C), Licensing of Appraisers and Umpires (Iowa Code Chapter 522F) and Uniform Securities Act (Iowa Code Chapter 502).
• Work closely with a dedicated team of investigators and analysts to support the successful investigation and prosecution of consumer protection statutes.

Qualified applicants will have proven, progressive experience in insurance investigations, regulatory compliance, financial crimes investigation, or a related enforcement field and a strong understanding of insurance and financial security principles, practices, and state regulatory requirements.

Must have the ability to analyze complex business conduct, interpret legal statutes, conduct effective in-person and phone/video interviews, and prepare detailed, well-supported investigative reports.

Preferred certifications include: Certified Insurance Fraud Investigator (CIFI); Fraud Claim Law Associate (FCLA), Senior Claim Law Associate (SCLA) or Certified Fraud Examiner (CFE).

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 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

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 school of law.
• All of the following (a and b): a. Graduation from an accredited college or university with a Bachelor’s degree; and b. A total of three years full‑time work experience in at least one of the following areas: i. Multi-line insurance adjusting or underwriting; or ii. Investigating and recognizing violations of state laws or regulations and preparing cases proving such violations for presentation at administrative hearings; or iii. Conducting research, analysis, interpreting, implementing or monitoring insurance regulations and insurance products and providing consultation and customer assistance and technical assistance to stakeholders; or iv. Business management and administration including: budget administration and analysis, regulatory and legal compliance, quality assurance, and customer service administration.
• A total of seven years of education and/or full‑time experience (as described in number two), where thirty semester hours of accredited college or university coursework in any field equals one year of full‑time experience.
• Current continuous experience in the state executive branch that includes 18 months of full‑time work in insurance regulation.

For additional information, please click on this link to view the job description.