Investigator

State of Iowa - Executive Branch; Des Moines (IA); Hybrid; USD 60,000 - 110,000; Full time

Benefits offered by this job

Hybrid Telework opportunities

IPERS retirement system

Job summary

The State of Iowa - Executive Branch is seeking an Investigator for the Iowa Insurance Division's Market Regulation Bureau in Des Moines. The role focuses on protecting consumers by investigating and enforcing Iowa insurance and financial security statutes against unlawful market conduct.

You will lead regulatory investigations of licensed individuals and entities, review complaints, and analyze conduct against Iowa codes with support from a team of investigators and analysts.

Qualifications

• Graduation from an accredited school of law.
• Three years of full-time work experience in areas such as insurance/regulatory investigations or enforcement.
• Seven years of education/experience with college hours converting to experience.

Responsibilities

• Initiate and lead 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 and analyze consumer complaints involving regulated individuals and companies.
• Analyze conduct for adherence to statutes including Iowa Code chapters 507B, 522B, 522C, 522F and 502.
• Collaborate with investigators and analysts to support investigations and prosecutions.

Skills

Investigations

Regulatory compliance

Interviewing

Legal interpretation

Report writing

Financial crime investigation

Education

Law degree (JD)

Bachelor's degree

CIFI

FCLA

SCLA

CFE

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 fulltime work in insurance regulation.