Life Actuary

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 Regulation Specialist 2 (Life Actuary) in the Company Regulation Bureau. The Life Actuary serves to provide expertise of pricing, reserving, and capital modeling used by Iowa domiciled insurers and insurance groups where Iowa is the lead US regulator or lead world-wide regulator. The Life Actuary will review insurers' filings (PBR, ORSA, annual actuarial reports and requests, etc.), for completeness, accuracy, documentation of models and assumptions used. The Life Actuary will determine and recommend if models and assumptions used by companies are fit for such purpose. The Life Actuary may coordinate, evaluate and oversee the work and work product of outside expert consulting actuaries and examiners, in consultation with the Chief Actuary, directing and reviewing expert actuarial analysis reports and preparing and providing expert testimony, as appropriate. Credentialed candidates are preferred (ASA, FSA, MAAA). Successful candidates will demonstrate: A strong foundation in actuarial modeling; 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 Iowa Insurance Division offers a strong team culture and a respect for work-life balance. 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) Flexible Work Schedule Teleworking available Monday and Friday 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 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):

a. 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; and b. 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; and c. 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.

Travel, including overnight and out-of-state travel, may be required for positions in this class. Employees must arrange transportation to and from assigned work areas.

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