Job Description

This is a non-merit position with the Iowa Department of Commerce Insurance Division. 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 is currently seeking an Insurance Company Analyst to join the Company Regulation Bureau.  The Company Regulation Bureau (CREG) is responsible for the solvency of insurers doing business in Iowa.  

The Insurance Company Analyst serves as the primary source of information regarding the solvency and operation of the insurers assigned for their review.    Insurance Company Analysts analyze/review financial statements, management discussions and analysis documents, actuarial opinions, audit reports, intercompany transactions, and other information.

The Analyst leverages information obtained from review of documents and collaborates with team members in order to document their understanding of an insurer in conformance with the Insurance Division’s qualitative risk assessment process.  The risk assessment process culminates in a formal review of the Analyst’s proposed assessment of the insurer’s prospective solvency.

In addition, the Analyst collaborates with subject matter experts in order to gain additional insight into complex or unusual topics.    Analysts also leverage insight gained by field examiners that perform the on-site company examination work.

Successful candidates will demonstrate: A strong foundation in accounting or finance; Attention to detail; Ability to meet critical timeframes; Intellectual and conceptual ability to think critically in order to make decisions, which includes measuring, calculating, reasoning, analyzing, prioritizing and synthesizing data;   Maintain effective, respectful working relationships with regulated entities and individuals, trade associations, and legislators;   Complete multiple tasks accurately and within assigned periods; Ability to document adequate notes to record actions and the information gathered to document work performed;  Proficient in use of personal computers, peripheral equipment and various software packages, including the Microsoft Office Suite.

If you have any questions, please feel free to reach out our HR Manager, Jennifer Walker, at jennifer.walker@iid.iowa.gov or 515-654-6548.

Minimum Qualification Requirements

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, or finance.
  2. 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, or finance equals one year of full-time experience in insurance company examination, financial analysis, enterprise risk management, or corporate governance.

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

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.  

Job Code: 
22-00915