About the Department
This is a non-merit position. Positions in this class are exempt from the screening and referral requirements of the Iowa Department of Administrative Services - Human Resources Enterprise Candidates must follow the instructions in the "To Apply" section.
The Iowa Insurance Division is seeking an Insurance Examiner 3 for our Market Regulation Bureau. The Market Regulation Bureau enforces Iowa Insurance statutes and regulations providing consumer protection to the public against unlawful, dishonest, or incompetent market conduct.This position will oversee regulation of pharmacy benefit managers (PBMs) and related entities.The Insurance Examiner 3 will be responsible for the following:• Perform market conduct examinations and analysis related to PBMs.• Serve as a subject matter expert for PBMs.• Review the work of other PBM Examiners and provide coaching.• Conduct interviews and hold discussions with regulated entities, individuals and policyholders.• Respond to requests for general information regarding insurance law requirements and administrative rules.• Analyze, evaluate and interpret contracts, written agreements and facts, such as insurance policy provisions and legal contracts.• Prepare and analyze financial statements and market data call reports.• Determine fair treatment of policyholders and claimants.• Participate in state, multi-state or state-federal task forces and committees.• Maintain compliance with the National Association of Insurance Commissioners (“NAIC”) Market Regulation Certification Program.Successful candidates will demonstrate:• A strong foundation in health insurance or pharmaceutical related areas or ability to acquire this skill set.• Pharmacy experience preferred.• 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 and Google platforms.The Iowa Insurance Division offers a strong team culture and a respect for work-life balance. Salary will be commensurate with applicable experience.We have a competitive total compensation package for all our 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)• Work from home on Monday & FridayE-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 Qualifications
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.
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job descriptionOther Qualifications
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.