Health Actuary

State of Iowa•Des Moines - 50315 - Polk County, IA

10d

About The Position

The Iowa Insurance Division is seeking a motivated and experienced Health Actuary to serve as an Insurance Regulation Specialist 2 within the Company Regulation Bureau. The role applies actuarial expertise in service of the public good by evaluating insurer rating methodologies and helping ensure Iowa’s insurance marketplace remains stable, transparent, and financially sound. The position serves as an actuarial expert for Iowa-domiciled insurers and insurance groups for which Iowa is the lead U.S. or worldwide regulator, safeguarding policyholders while supporting responsible innovation across the insurance industry. The position reviews insurer filings, actuarial models, assumptions, and capital adequacy frameworks; assesses methodologies and insurer experience; and prepares analyses, findings, recommendations, and technical reports. It also coordinates work by external consulting actuaries and financial examiners, supports public hearings, and provides expert insight and testimony when needed. Collaboration with regulated entities, industry stakeholders, and regulatory partners supports compliance, financial stability, and Iowa’s national and international regulatory role. National and international travel is required. Overnight and out-of-state travel may be required, and employees must arrange transportation to and from assigned work areas. Telework opportunities are available Monday and Friday, and flexible work schedules are offered.

Requirements

Meet at least one of the stated minimum qualification pathways: a qualifying four-year degree plus three years of relevant full-time work experience, or the specified combination of relevant experience and undergraduate and graduate education.
Relevant fields include actuarial science, insurance, accounting, finance, risk management, business analytics, economics, data science, statistics, mathematics, management information systems, and computer science; qualifying policy-making work within an entity involved in the insurance business also counts.
Demonstrate a strong foundation in actuarial modeling, pricing, reserving, and capital analysis.
Have analytical and critical-thinking skills to interpret complex financial data.
Demonstrate exceptional attention to detail and documentation practices.
Be able to manage multiple priorities while meeting regulatory timelines.
Exercise professional judgment in evaluating risk and making evidence-based decisions.
Have strong relationship-building skills with regulated entities, trade associations, and policymakers.
Be proficient with Microsoft Office and actuarial analysis tools.
Be able to communicate complex technical information clearly and effectively.
Travel nationally and internationally; overnight and out-of-state travel may be required.
Arrange transportation to and from assigned work areas.

Nice To Haves

Actuarial credentials are strongly preferred: ASA, FSA, or MAAA.

Responsibilities

Review insurer filings, including rates, 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.
Evaluate trend and projection assumptions, calculate projected loss ratios, and evaluate insurer experience.
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.
Maintain annual ACA filing matrices.
Prepare Rate Filing Observations for public hearings.
Provide expert actuarial insight, including preparing 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.