Captive Legal Counsel
Listed on 2026-02-15
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Finance & Banking
Job 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.
Only applicants who meet the Minimum Qualification Requirements and meet all selective requirements (listed below) will be placed on the eligible list.
The Iowa Insurance Division is seeking an attorney to join our team and serve as Legal Counsel to the Captive Bureau. The Captive Legal Counsel provides professional oversight of entities engaged in the business of captive insurance by performing initial licensing, analysis, and examination assignments.
Responsibilities include:
- Review the details associated with the captive company's business plan including but not limited to assessing the types of risks to be underwritten, the intended insureds, and the reinsurance strategy.
- Ensure the captive will be compliant with all legal and regulatory requirements.
- Verify the organizational and governance structure meets statutory requirements.
- Assess the solvency and liquidity of the captive insurance company based upon a review of the financial statements, feasibility study, actuarial assessments, reinsurance coverage, and retention levels.
- Attend meetings with potential or prospective captive insurance companies, brokers, and/or captive managers to identify and understand the entity and identify any concerns or issues.
- Review captive application packets for completeness, compliance with legal, regulatory, and financial requirements.
- Performs reviews of annual reporting, business change notifications, and assist with exams.
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)
- Hybrid Telework opportunities
E-Verify and Right to Work
The State of Iowa participates in E-Verify, a federal program that helps employers confirm the employment eligibility of all newly hired employees. Within the required timeframe, new hires will be verified through the E-Verify system to ensure authorization to work in the United States. The State of Iowa also complies with the Federal Right to Work laws, which protect employees’ rights to work without being required to join a labor organization.
For more information, please visit (Use the "Apply for this Job" box below)..
354 Law Degree: Possession of a law degree from an accredited institution.
Minimum Qualification RequirementsApplicants must meet at least one of the following minimum requirements to qualify for positions in this job classification:
and c. 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.
Travel, 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.
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