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Insurance Company Financial Analyst 1

Insurance Company Financial Analyst 1-April 2024

Pennsylvania

Apr 1, 2026

About Insurance Company Financial Analyst 1

　　Insurance Company Financial Analyst 1

　　Print (https://www.governmentjobs.com/careers/pabureau/jobs/newprint/4344312)

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　　Insurance Company Financial Analyst 1

　　Salary

　　$56,900.00 - $86,514.00 Annually

　　Location

　　Dauphin County, PA

　　Job Type

　　Civil Service Permanent Full-Time

　　Job Number

　　CS-2024-73684-04020

　　Department

　　Insurance Department

　　Division

　　IN Fin Anlys Div

　　Opening Date

　　01/24/2024

　　Closing Date

　　2/6/2024 11:59 PM Eastern

　　Job Code

　　04020

　　Position Number

　　00163502

　　Union

　　AFSCME

　　Bargaining Unit

　　Pay Group

　　ST07

　　Bureau / Division Code

　　00093210

　　Bureau / Division

　　Pennsylvania Insurance Department, Financial Analysis Division

　　Worksite Address

　　393 Walnut Street

　　Worksite Address

　　13th Floor

　　City

　　Harrisburg, Pennsylvania

　　Zip Code

　　17128

　　Contact Name

　　Collette Rebuck

　　Contact Email

　　[email protected]

　　Description

　　Benefits

　　Questions

　　THE POSITION

　　Are you passionate about examining and evaluating financial, corporate, and operational records to guarantee the financial stability of insurance companies, affiliated organizations, Continuing Care Retirement Communities (CCRCs), and the safeguarding of insurance consumers? Are you seeking a fulfilling and exciting career opportunity? Look no more! The Financial Analysis Division of the Pennsylvania Insurance Department is actively recruiting candidates for the position of Insurance Company Financial Analyst 1. Take the first step and apply today to become a valuable member of our team!

　　DESCRIPTION OF WORK

　　As an Insurance Company Financial Analyst 1, your responsibilities will involve acquiring, examining, and evaluating insurer financial statements on an annual and quarterly basis, along with any supplementary regulatory filings. This will encompass a range of documents such as 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), Continuing Care Retirement Communities (CCRCs) Disclosure Statements, Qualified Unlicensed Reinsurers (QURs) annual financial statements, Corporate Governance Annual Disclosure Statement, and additional filings. Your objective will be to assess compliance with statutes and regulations, supporting the department's oversight of licensed insurers and providers to safeguard policyholders and consumers.

　　Interested in learning more? Additional details regarding this position can be found in the position description (https://careers.employment.pa.gov/pd/PD_NEOGOV.asp?p=00163502) .

　　Work Schedule and Additional Information:

　　Full-time employment.

　　Work hours are 8:00 AM to 4:30 PM, Monday - Friday, with a 60-minute lunch.

　　Telework: You may have the opportunity to work from home (telework) part-time, up to 4 days per week. In order to telework, you must have a securely configured high-speed internet connection. 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.

　　REQUIRED EXPERIENCE, TRAINING & ELIGIBILITY

　　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 (https://www.employment.pa.gov/Additional%20Info/Pages/default.aspx) . For more information on ways to meet PA residency requirements, follow the link (https://www.employment.pa.gov/Additional%20Info/Pages/default.aspx) and click on Residency.

　　You must be able to perform essential job functions.

　　How to Apply:

　　Resumes, cover letters, and similar documents willnotbe 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%20Info/Pages/default.aspx and click the Veterans’ Preference tab or contact us at [email protected] .

　　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.

　　EXAMINATION INFORMATION

　　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/testoncefor this posting.

　　Your results will be provided via email.

　　Learn more about our Total Rewards by watching this shortvideo (https://www.youtube.com/embed/HtcSRnndflc?rel=0) !

　　Health & Wellness

　　We offer multiple health plans so our employees can choose what works best for themselves and their families. Our comprehensive benefits package includes health coverage, vision, dental, and wellness programs.*

　　Compensation & Financial Planning

　　We invest in our employees by providing competitive wages and encouraging financial wellness by offering multiple ways to save money and ensure peace of mind including multiple retirement and investment plan options.

　　Work/Life Balance

　　We know there’s more to life than just work! Our generous paid leave benefits include paid vacation, paid sick leave, six weeks of paid parental leave, military leave, and paid time off for most major U.S. holidays, as well as flexible work schedules and work-from-home opportunities.*

　　Values and Culture

　　We believe in the work we do and provide continual opportunities for our employees to grow and contribute to the greater good. As one of the largest employers in the state, we provide opportunities for internal mobility, professional development, and the opportunity to give back by participating in workplace charitable giving.

　　Employee Perks

　　Sometimes, it is the little “extras” that make a big difference. Our employees receive special employee-only discounts and rates on a variety of services and memberships.

　　For more information on all of these Total Rewards benefits, please visitwww.employment.pa.gov and click on the benefits box.

　　*Eligibility rules apply.

　　Have you successfully completed the Commonwealth of Pennsylvania's Insurance Company Financial Analyst Trainee program?

　　Yes

　　If you are claiming experience in the above question, please list the employer(s) where you gained this experience in the text box below. The employer(s) and a description of the experience must also be included in the appropriate sections of your application if you would like the experience to be considered in the eligibility decision. If you claimed you do not have experience, type N/A in the text box below.

　　How much full-time professional experience do you possess in insurance, accounting, finance, economics, business administration, risk management, insurance auditing, or insurance examining?

　　1 year or more

　　Less than 1 year

　　None

　　If you are claiming experience in the above question, please list the employer(s) where you gained this experience in the text box below. The employer(s) and a description of the experiencemustalso be included in the appropriate sections of your application if you would like the experience to be considered in the eligibility decision. If you claimed you do not have experience, type N/A in the text box below.

　　Have you successfully completed at least 15 semester credits of college coursework in accounting, finance, or auditing? If you are claiming credits/degree, you must upload a copy of your college transcript(s) for this education to be considered in the eligibility decision. Unofficial transcripts are acceptable. You must attach your transcript(s) prior to the submission of your application by using the "Attachments" tab on the left. You will not be able to add a transcript(s) to the application after it has been submitted.

　　If you answer "yes" to this question based on education acquired outside of the United States, you must also upload a copy of your foreign credential evaluation. For more information on foreign education credentials, please visithttps://www.employment.pa.gov/Additional%20Info/Pages/default.aspx#q3and click on Other Information.

　　How many semester credits of graduate coursework have you completed in insurance, accounting, finance, economics, business administration, risk management, or a closely related field? If you are claiming credits/degree, you must upload a copy of your college transcript(s) for this education to be considered in the eligibility decision. Unofficial transcripts are acceptable. You must attach your transcript(s) prior to the submission of your application by using the "Attachments" tab on the left. You will not be able to add a transcript(s) to the application after it has been submitted. If you answer this question based on education acquired outside of the United States, you must also upload a copy of your foreign credential evaluation. For more information on foreign education credentials, please visithttps://www.employment.pa.gov/Additional%20Info/Pages/default.aspx#q3and click on Other Information.

　　30 credits or more

　　Less than 30 credits

　　None

　　You must complete the supplemental questions below. These supplemental questions are the exam and will be scored. They are designed to give you the opportunity to relate your experience and training background to the major activities (Work Behaviors) performed in this position. Failure to provide complete and accurate information may delay the processing of your application or result in a lower-than-deserved score or disqualification. Youmustcomplete the applicationandanswer the supplemental questions. Resumes, cover letters, and similar documents willnotbe reviewed for the purposes of determining your eligibility for the position or to determine your score.

　　All information you provide on your application and supplemental questions is subject to verification. Any misrepresentation, falsification or omission of material facts is subject to penalty. If requested, you must provide documentation, including names, addresses, and telephone numbers of individuals who can verify the validity of the information you provide in the application and supplemental questions.

　　Read each question carefully. Determine and select which "Level of Performance" most closely represents your highest level of experience/training. List the employer(s)/training source(s) from your Work or Education sections of the application where you gained this experience/training.The "Level of Performance" you choose must be clearly supported within the description of the experience and training information entered in your application or your score may be lowered.In order to receive credit for experience, you must have worked in a job for at least six months in which the experience claimed was a major function.

　　If you have read and understand these instructions, please click on the "Yes" button and proceed to the exam questions.

　　If you have general questions regarding the application and hiring process, please refer to ourFAQ page (https://www.employment.pa.gov/Additional%20Info/Pages/default.aspx) .

　　Yes

　　WORK BEHAVIOR 1 – INDIVIDUAL COMPANY SOLVENCY AND RISK FACTORS

　　Review and analyze insurance company and other regulated entities' financial statements, exhibits, schedules, and other filings using basic auditing and accounting functions to determine compliance with statutes and regulations supporting the Department's solvency surveillance of licensed insurers, assess risk factors, and protect policyholders.

　　Levels of Performance

　　Select the "Level of Performance" which best describes your claim.

　　A. I have experience reviewing and analyzing insurance company and other regulated entities' financial statements, exhibits, schedules, or other filings to determine financial solvency, assess risk factors, and protect policyholders.

　　B. I have experience reviewing and analyzing insurance company or other regulated entities' financial statements, exhibits, schedules, or other filings to determine compliance with statutes and regulations.

　　C. I have successfully completed college-level coursework related to risk management, accounting, etc.

　　D. I have NO experience or coursework related to this work behavior.

　　In the text box below, please describe your experience as it relates to the level of performance you claimed in this work behavior. Please be sure your response addresses the items listed below which relate to your claim. If you indicated you have no work experience related to this work behavior, type N/A in the box below.

　　The name of the employer where you gained this experience

　　Your experience reviewing and analyzing company filings, etc.

　　Your experience determining solvency or compliance, assessing risk or protecting policyholders

　　Your specific duties and responsibilities

　　If you have selected the level of performance pertaining to college coursework, please provide your responses to the items listed below. If you indicated you have no education/training related to this work behavior, type N/A in the text box below.

　　College/University

　　Course Title

　　Credits/Clock Hours

　　WORK BEHAVIOR 2 – HOLDING COMPANY SOLVENCY AND COMPLIANCE

　　Perform a review and analysis of company filings made under the Holding Company Registration Act (including a group analysis of legal entities within the holding company system; annual and amended filings; dividend transactions and requests for Department approval of extraordinary dividends; and inter-company transactions, sales, transfers, distributions of assets, reinsurance agreements, etc.) for approval, solvency monitoring, or compliance with laws, regulations and policies. (An insurance holding company system includes one or more affiliated entities of which at least one is an insurance company)

　　Levels of Performance

　　Select the "Level of Performance" which best describes your claim.

　　A. I have experience reviewing and analyzing filings made under the Holding Company Registration Act (which may include legal entities within the holding company system, filings, dividend transactions, inter-company transactions, etc.) for approval, solvency monitoring, and compliance with laws, regulations or policies.

　　B. I have experience reviewing and analyzing filings made under the Holding Company Registration Act (which may include legal entities within the holding company system, filings, dividend transactions, inter-company transactions, etc.) for compliance with laws, regulations or policies.

　　C. I have successfully completed college-level coursework related to contract law, data analysis, etc.

　　D. I have NO experience or coursework related to this work behavior.

　　The name of the employer where you gained this experience

　　Your experience reviewing and analyzing filings for holding companies

　　Your experience approving, monitoring solvency or compliance with laws

　　Your specific duties and responsibilities

　　College/University

　　Course Title

　　Credits/Clock Hours

　　WORK BEHAVIOR 3 –ANALYSIS REPORTS AND DOCUMENTATION

　　Prepare reports and detailed summaries to share with other regulators on the results of the analysis, and review of financial statements and other filings to document work performed, knowledge of the company, and list any follow up items.

　　Levels of Performance

　　Select the "Level of Performance" which best describes your claim.

　　A. I have experience preparing reports and detailed summaries to share results of an analysis, AND reviewing financial statements or other filings to document work performed, knowledge of the company, and list any follow up items.

　　B. I have experience preparing reports or detailed summaries to share results of an analysis, OR I have experience reviewing financial statements or other filings to document work performed, knowledge of the company, or list any follow up items.

　　C. I have successfully completed college-level coursework related to business writing, financial reporting, etc.

　　D. I have NO experience or coursework related to this work behavior.

　　The name of the employer where you gained this experience

　　Your experience preparing reports or summaries regarding analysis results

　　Your experience reviewing filings to document work, etc.

　　Your specific duties and responsibilities

　　College/University

　　Course Title

　　Credits/Clock Hours

　　WORK BEHAVIOR 4 – COLLABORATION WITH OTHERS

　　Collaborate with Insurance Department staff, consultants, company representatives or other regulators, or the general public to discuss any concerns/issues, provide information, or answer questions.

　　Levels of Performance

　　Select the "Level of Performance" which best describes your claim.

　　A. I have experience collaborating with individuals within my organization/agency AND with other organizations/agencies/general public to discuss any concerns/issues, provide information, or answer questions.

　　B. I have experience collaborating with individuals within my organization/agency to discuss any concerns/issues, provide information, or answer questions.

　　C. I have successfully completed college-level coursework related to organizational communication, public speaking, etc.

　　D. I have NO experience or coursework related to this work behavior.

　　The name of the employer where you gained this experience

　　Your experience collaborating to discuss concerns/issues, provide information, or answer questions

　　Who you collaborated with (individuals within your organization/agency or outside)

　　Your specific duties and responsibilities

　　College/University

　　Course Title

　　Credits/Clock Hours

　　WORK BEHAVIOR 5 – FOLLOW-UPS AND RECOMMENDATIONS

　　Perform follow-ups with companies and/or other regulators on outstanding items, unresolved matters or identified solvency and/or compliance issues. Recommend possible corrective action and follow-up procedures to the supervisor to improve the financial condition of the company and/or suggest that closer scrutiny be undertaken.

　　Levels of Performance

　　Select the "Level of Performance" which best describes your claim.

　　A. I have experience following up with companies or other regulators on outstanding items, unresolved matters, and identified solvency or compliance issues, AND recommending corrective actions or follow-up procedures to the supervisor to improve the financial condition of the company or suggest that closer scrutiny be undertaken.

　　B. I have experience following up with companies or other regulators on outstanding items, unresolved matters, or identified solvency or compliance issues, OR I have experience recommending corrective actions or follow-up procedures to the supervisor.

　　C. I have successfully completed college-level coursework related to financial management, leadership, etc.

　　D. I have NO experience or coursework related to this work behavior.

　　The name of the employer where you gained this experience

　　Your experience following up with companies on outstanding items or matters, etc.

　　Your experience recommending actions or procedures to the supervisor

　　Your specific duties and responsibilities

　　College/University

　　Course Title

　　Credits/Clock Hours

　　Required Question

　　Agency

　　Commonwealth of Pennsylvania

　　Address

　　613 North Street

　　Harrisburg, Pennsylvania, 17120

　　Website

　　http://www.employment.pa.gov

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