Role Description

The Iowa Insurance Division’s Market Regulation Bureau is seeking an Insurance Examiner 1 to oversee regulation of pharmacy benefit managers (PBMs) and related entities. The Insurance Examiner 1 will be responsible for the following:

• Perform market conduct examinations and analysis related to Pharmacy Benefit Managers.
• 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.

Qualifications

• A strong foundation in health insurance or pharmaceutical related areas or ability to acquire this skill set.
• 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.

Requirements

• Graduation from an accredited four-year college or university with a degree in insurance, accounting, actuarial science, risk management, finance, or business.
• 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, 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.

Benefits

• 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