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Role Description

This role offers a unique opportunity to apply advanced actuarial expertise in service of the public good. By evaluating insurer financial practices, pricing models, and risk management strategies, you will help ensure Iowa’s insurance marketplace remains stable, transparent, and financially sound - protecting consumers, supporting economic confidence, and maintaining trust in the insurance system.

• Review insurer filings including rates, ORSA submissions, annual actuarial reports, and related regulatory requests for completeness, accuracy, and methodological soundness
• Evaluate actuarial models, assumptions, and capital adequacy frameworks used by regulated insurers
• Determine and recommend whether actuarial methodologies are appropriate for regulatory purposes
• Coordinate, oversee, and evaluate work performed by external consulting actuaries and financial examiners
• Direct and review complex actuarial analyses and prepare written findings and recommendations
• Provide expert actuarial insight, including preparation of technical reports and expert testimony when needed
• Collaborate with regulated entities, industry stakeholders, and regulatory partners to promote compliance and financial stability
• Support Iowa’s leadership role in national and international insurance regulatory coordination

Qualifications

• Credentialed candidates are strongly preferred (ACAS, FCAS, MAAA)
• Strong foundation in actuarial modeling, pricing, reserving, and capital analysis
• Analytical curiosity and critical thinking skills to interpret complex financial data
• Exceptional attention to detail and documentation practices
• Ability to manage multiple priorities while meeting regulatory timelines
• Professional judgment in evaluating risk and making evidence-based decisions
• Strong relationship-building skills with regulated entities, trade associations, and policymakers
• Proficiency with Microsoft Office and actuarial analysis tools
• Ability to communicate complex technical information clearly and effectively
• National and international travel is required

Benefits

• Iowa Public Employees’ Retirement System (IPERS)
• Retirement Investors Club (RIC)
• Health, Dental, and Vision Insurance
• Paid Vacation and Sick Leave
• 9 Paid Holidays per Year
• Flexible Work Schedules
• Telework Opportunities (Monday & Friday)
• Employee Assistance Program
• Professional development and learning opportunities

Minimum Qualification Requirements

• Graduation from an accredited four-year college or university with a degree in actuarial science, insurance, accounting, finance, risk management, business analytics, economics, data science, statistics, mathematics, management information systems, or computer science, and experience equal to three years of full-time work in any of the listed degree fields or in a policy-making role within an entity involved in the business of insurance.
• All of the following (a, b, and c):
  • One year of full-time work experience in actuarial science, insurance, accounting, finance, risk management, business analytics, economics, data science, statistics, mathematics, management information systems, or computer science, or in a policy-making role within an entity involved in the business of insurance;
  • A total of four years of education and/or full-time experience (as described in part a), where thirty semester hours of accredited college or university coursework in actuarial science, insurance, accounting, finance, risk management, business analytics, economics, data science, statistics, mathematics, management information systems, or computer science equals one year of full-time experience;
  • A total of two 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 actuarial science, insurance, accounting, finance, risk management, business analytics, economics, data science, statistics, mathematics, management information systems, or computer science equals one year of full-time experience.