Insurance Company Financial Analyst 1

In this role, you will be handling annual and quarterly insurer financial statements, as well as all related supplemental regulatory filings to determine compliance with statues and regulations in support of the Department's solvency surveillance of licensed insurers and providers for the protection of policyholders and consumers. This will also include audited financial reports, actuarial opinions, management's discussion and analysis, holding company filings, Risk Based Capital (RBC) reports, Enterprise Risk Reports, Own Risk Solvency Assessments (ORSAs), Qualified Unlicensed Reinsurers (QURs) annual financial statements, and Corporate Governance Annual Disclosure Statements. This position requires you to maintain an extensive knowledge and understanding of the NAIC accounting practices and procedures to ensure insurers are in compliance with applicable insurance laws, rules, and regulations. You will have the opportunity to collaborate with financial examination staff during the financial examination of insurers as well as prepare for and participate in meetings with corporate and executive staff. 

Take your career up a notch with the Insurance Department!

Work Schedule and Additional Information:

• Full-time employment
• Work hours are 7:30 AM to 4:00 PM, Monday - Friday, with 60-minute lunch.
• Work schedule may be flexible. 
• Telework: You may have the opportunity to work from home (telework) part-time. In order to telework, you must have a securely configured high-speed internet connection and work from an approved location inside Pennsylvania. If you are unable to telework, you will have the option to report to the headquarters office in Harrisburg.
• Salary: In some cases, the starting salary may be non-negotiable.
• You will receive further communication regarding this position via email. Check your email, including spam/junk folders, for these notices.

QUALIFICATIONS

Minimum Experience and Training Requirements:

• Successful completion of the Insurance Company Financial Analyst Trainee program (commonwealth title); or
• One year of professional experience in insurance, accounting, finance, economics, business administration, risk-management, or a closely related field; and a bachelor’s degree which includes 15 college credits in accounting, finance, or auditing; or
• An equivalent combination of experience and training which includes 15 college credits in accounting, finance, or auditing.

Other Requirements:

• You must meet the PA residency requirement. For more information on ways to meet PA residency requirements, follow the link and click on Residency. 
• You must be able to perform essential job functions.

How to Apply: 

• Resumes, cover letters, and similar documents will not be reviewed, and the information contained therein will not be considered for the purposes of determining your eligibility for the position. Information to support your eligibility for the position must be provided on the application (i.e., relevant, detailed experience/education).
• If you are claiming education in your answers to the supplemental application questions, you must attach a copy of your college transcripts for your claim to be accepted toward meeting the minimum requirements. Unofficial transcripts are acceptable.  
• Your application must be submitted by the posting closing date. Late applications and other required materials will not be accepted.
• Failure to comply with the above application requirements may eliminate you from consideration for this position. 

Veterans: 

• Pennsylvania law (51 Pa. C.S. §7103) provides employment preference for qualified veterans for appointment to many state and local government jobs. To learn more about employment preferences for veterans, go to www.employment.pa.gov/Additional Info/Pages/default.aspx and click the Veterans’ Preference tab or contact us at ra-cs-vetpreference@pa.gov.

Telecommunications Relay Service (TRS): 

• 711 (hearing and speech disabilities or other individuals).

If you are contacted for an interview and need accommodations due to a disability, please discuss your request for accommodations with the interviewer in advance of your interview date.
   

The Commonwealth is an equal employment opportunity employer and is committed to a diverse workforce. The Commonwealth values inclusion as we seek to recruit, develop, and retain the most qualified people to serve the citizens of Pennsylvania. The Commonwealth does not discriminate on the basis of race, color, religious creed, ancestry, union membership, age, gender, sexual orientation, gender identity or expression, national origin, AIDS or HIV status, disability, or any other categories protected by applicable federal or state law. All diverse candidates are encouraged to apply.

• Completing the application, including all supplemental questions, serves as your exam for this position. No additional exam is required at a test center (also referred to as a written exam).
• Your score is based on the detailed information you provide on your application and in response to the supplemental questions. 
• Your score is valid for this specific posting only.
• You must provide complete and accurate information or:
  • your score may be lower than deserved.
  • you may be disqualified.
• You may only apply/test once for this posting.
• Your results will be provided via email.

Salary : $58,035 - $88,235