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Insurance Market Analyst

Posting Begin Date: 2025/09/05

Posting End Date: 2025/09/19

Work Type: Full Time

Minimum Salary: 28.94

Maximum Salary: 32.55

Pay Rate Type: Hourly

Description

Idaho Department of Insurance Career Opportunity

Applications will be accepted through 4:59 PM MST on the posting end date.

The Idaho Department of Insurance (https://doi.idaho.gov/) is seeking to fill an Insurance Market Analyst to join our dynamic team of professionals. We are looking for an individual who has a passion for protecting Idahoans and an understanding of the insurance and pharmacy benefit industries, as well as excellent analysis and communication skills. Under the supervision of the Market Oversight Bureau Chief, this position is responsible for a variety of insurance market conduct activities including analysis, and assisting with investigations and examinations. This position includes paid study time to attain the Certified Insurance Examiner (CIE) designation through the Insurance Regulatory Examiners Society within a reasonable amount of time after hire.

Hiring managers are continuously considering applications for this position. We highly encourage individuals to apply quickly for this great opportunity at DOI!

EXAMPLE OF DUTIES

+ Reviews and tracks complaints relating to insurers and Pharmacy Benefit Managers (PBMs).

+ Requests documentation, information, and assistance from regulated companies or licensees in negotiating resolution of complaints and problems.

+ Investigates code violation cases; prepares documentation and submits to supervisor for legal referral.

+ Perform market conduct analysis prioritization by collecting and analyzing data on insurance companies writing business in Idaho in order to proactively identify potential issues early and limit harm to consumers.

+ Participate in market conduct examinations.

+ Develop and implement analysis, reconciliation, and reporting policies and procedures.

+ Maintain up-to-date knowledge of regulatory requirements and industry best practices as it relates to market conduct. Attend training sessions and other appropriate industry meetings.

MINIMUM QUALIFICATIONS

Good knowledge of:

+ Insurance, pharmacy benefits, or financial industry regulation.

+ Research, data analysis, and statistical techniques.

+ Analysis and explanation of complex issues, in particular with respect to insurance and pharmacy benefit programs.

+ Microsoft Excel, including pivot tables, data connections, charts, conditional formatting.

+ Oral and written communication skills and comfortable presenting technical findings

Experience:

+ Working with insurance carriers, PBMs, related entities, and insurance consumers.

+ Researching, interpreting, and applying laws and authoritative standards.

+ Compelling customer service and a desire to assist Idahoans.

SUPPLEMENTAL INFORMATION

The ideal candidate will have:

+ Familiarity with all lines of insurance, including insurance company operations, underwriting, claims and sales practices, insurance producer practices, insurance laws and regulations;

+ Proficiency working with datasets, using Microsoft Office applications, SQL, and data warehousing;

+ Two (2) years of experience as an insurance market analyst, market examiner, or similar position;

+ Professional designations such as AIE, CIE, MCM, APIR or PIR;

+ Bilingual fluency in reading, writing, and speaking Spanish is beneficial but not required.

The mission of the Department of Insurance is to serve and protect Idahoans by equitably, effectively, and efficiently administering the Idaho Insurance Code and the International Fire Code.

The Department of Insurance is in downtown Boise across the street from the state's Capitol Building. Boise consistently receives top accolades as one of the best places to live in the country! To learn more about the DOI and the important work we do, please visit the DOI website (https://doi.idaho.gov/) , connect with us on Facebook (https://www.facebook.com/profile.php?id=100011764092323) , X (Formerly Twitter) (https://twitter.com/IdahoDOI) , LinkedIn (https://www.linkedin.com/in/doi-boise-618942160) , and Instagram (https://www.instagram.com/idahodoi/) .

BENEFITS

This benefited position enjoys:

+ Medical, vision, and dental insurance (https://ogi.idaho.gov/) benefits that become effective first of the month following your hire date. All contributions can be pre-tax

+ One of the top 5 retirement systems in the Nation ( PERSI (https://www.persi.idaho.gov/) ) that offers a defined lifetime benefit at retirement

+ Paid sick and vacation leave accrual upon hire

+ Paid parental leave (https://dhr.idaho.gov/information-for-state-employees/)

+ 11 paid holidays annually

+ A healthy work-life balance

+ Career growth and professional development opportunities

For additional information related to benefits and/or State programs visit: https://dhr.idaho.gov/StateEmployees/Benefits.html. (https://dhr.idaho.gov/StateEmployees/Benefits.html.%22%20/t%20%22\_blank)

EEO/ADA/VETERAN

The State of Idaho is committed to providing equal employment opportunities and prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities and prohibit discrimination against all individuals based on their race, color, religion, political affiliation or belief, sex, national origin, genetics, or any other status protected under applicable federal, state, or local laws.

The State of Idaho is committed to access and reasonable accommodations for individuals with disabilities, auxiliary aids and services are available upon request. If you require an accommodation at any step in our recruitment process, you are encouraged to contact (208) 334-2263 (TTY/TTD: 711), or email [email protected] .

Preference may be given to veterans who qualify under state and federal laws and regulations.