Holding Company Specialist
: Job Details :

Salary : $96,096.00 - $136,822.40 AnnuallyLocation : Des Moines - 50315 - Polk County, IAJob Type: Full-timeJob Number: 25-01613Agency: 216 Department of Insurance & Financial Services - InsuranceOpening Date: 12/13/2024Closing Date: 12/23/2024 11:59 PM CentralLinkedIn Tag: #LI-DNPPoint of Contact: ...@iid.iowa.govTo Apply: Applicants are encouraged to attach a resume to their NeoGov applicationJob Description This is a non-merit position. 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 experienced individual to serve as an Insurance Company Examiner Specialist 2 (Holding Company Specialist) in the Company Regulation Bureau.The Holding Company Specialist serves to provide expertise of complex insurance groups where Iowa is the lead US regulator or lead world-wide regulator.The Holding Company Specialist will plan, develop, and perform analysis and in-depth reviews of complex documents and financial statements on insurance groups to ensure compliance with Iowa statutes and regulations. The analysis performed focuses on all aspects of the group's operations including strategy, risk management (including corporate governance and ORSA reporting), and financial performance. The Holding Company Specialist will also perform second level and third level reviews of the analysis performed by others.In addition, the Holding Company Specialist collaborates with subject matter experts, other Bureaus within the Insurance Division, and other US and International regulators in order to gain additional insight into complex or unusual topics. This collaboration will include organizing all types of meetings to facilitate the exchange of information. The Holding Company Specialist will plan and manage all aspects of these meetings. These meetings range in size and scope but include internal IID meetings, meetings with company personnel, and Supervisory Colleges.Successful candidates will demonstrate:

• A strong foundation in the analysis of complex international insurance groups and insurance company operations, or equivalent industry experience;
• 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.

Travel nationally and internationally will be required.The State of Iowa offers a great total compensation package for all of our full-time employees, including:

• Iowa Public Employees' Retirement System (IPERS)
• Retirement Investors Club (RIC)
• Flexible Working Environment
• Health, Dental and Vision Insurance
• Vacation Leave
• Sick Leave
• Paid Holidays (9 days/year)
• Flexible Spending Accounts
• Life Insurance
• Long-Term Disability Insurance

Minimum Qualification RequirementsApplicants 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 six 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 master's degree in business administration, and experience equal to four years of full-time work in insurance industry examination, financial analysis, quality assurance, enterprise risk management, or corporate governance.

All of the following (a, b, and c):

Three years of full-time work experience in insurance industry examination, financial analysis, quality assurance, enterprise risk management, or corporate governance; and

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 course work in insurance, degree in insurance, accounting, actuarial science, risk management, finance, or business equals one year of full-time experience; 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 four years of full-time work as an Insurance Examiner 2 or three years of full-time work as an Insurance Examiner3.

For additional information, please click on this Additional Qualification RequirementsTravel, 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. Why Choose the State of Iowa?At the heart of our commitment to excellence is a dedication to our most valuable asset - our employees. Discover the outstanding benefits that set us apart as an employer of choice.Our Robust Benefits Package Includes:Competitive Compensation:Enjoy a competitive salary that reflects directly on your skills and expertise.Keep in mind, your wage is just one part of your total compensation. Unlock the complete value of your employment with the State of Iowa by using our user-friendlyGain insights into your comprehensive annual compensation, including salary and State-provided benefits.Health and Wellness:Prioritize your well-being with our comprehensive health plans, including medical, dental, and vision coverage. Enjoy the peace of mind knowing that the State of Iowa covers 90% of the premiums, providing you and your loved ones with excellent coverage at a remarkably low cost.Retirement Planning:We are proud to offer the Iowa Public Employees Retirement System (IPERS). A defined benefit plan, IPERS benefits are guaranteed for life, meaning once you retire, you will receive the same monthly benefit for the remainder of your life (once vested). We invest in your long-term financial well-being, so you can retire with peace of mind.Paid Time Off:Life is unpredictable, and at the State of Iowa, we understand the importance of work-life balance. Our leave policies, including paid holidays, vacation, and sick leave with unlimited accrual, ensure you have the flexibility you need for personal and family matters.Professional Development:Elevate your career with continuous learning opportunities. We support your growth through training programs, workshops, and tuition reimbursement.Employee Assistance Program (EAP):We care about your well-being beyond the workplace. Access confidential counseling, resources, and support through our Employee Assistance Program.Diversity and Inclusion:Be part of a diverse and inclusive workplace that embraces all backgrounds and perspectives. We believe diversity is a strength that drives innovation. Join Us - Elevate Your Career:Ready to elevate your career with the State of Iowa?to explore more about our unparalleled benefits and discover what makes us unique. Your success is our priority!