Insurance Company Financial Analyst Trainee

About the role

Join the Pennsylvania Insurance Department as an Insurance Company Financial Analyst Trainee and start building valuable financial analysis experience. You will have the opportunity to participate in a progressively responsible training program learning the basics of the U.S. Solvency Framework, including the state-based system supported by the National Association of Insurance Commissioners (NAIC) and the risk-focused analysis process, statutory accounting principles and the Department’s laws, regulations, rules, and procedures.

Responsibilities

• Study regulatory frameworks, financial analysis tools, and industry guidelines
• Analyze financial documents, operational records, and required filings
• Identify key financial risks and understand the solvency monitoring process
• Enter data into software applications and learn analytical platforms and resources
• Prepare written materials, organize files, and participate in meetings with regulated entities
• Review industry publications and materials to stay informed about trends relevant to financial analysis

Requirements

This entry level role provides introductory training in the financial review process for insurance companies and related entities. You will develop your understanding of regulatory practices, solvency monitoring, and financial reporting.

Qualifications

• A bachelor’s degree in insurance, accounting, finance, economics, business administration, risk-management, or a closely related field, 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.
• Applicants will be considered to have met the educational requirements once they are within three months of graduating with a qualifying degree.

Skills

The role requires foundational knowledge in financial analysis, regulatory frameworks, and industry guidelines. Familiarity with software applications and analytical platforms is also beneficial.

Benefits

Full-time employment with the Pennsylvania Insurance Department. Work schedule is 8:00 AM to 4:30 PM, Monday - Friday, with 60-minute lunch. Telework opportunities are available, subject to approval and availability of secure internet access and an approved location inside Pennsylvania.

Pay

The starting annual salary for selected candidates who are new to employment with the Commonwealth of Pennsylvania is $51,917.00 (before taxes).

Schedule

Full-time employment with the Pennsylvania Insurance Department. Work schedule is 8:00 AM to 4:30 PM, Monday - Friday, with 60-minute lunch. Telework opportunities are available, subject to approval and availability of secure internet access and an approved location inside Pennsylvania.

Additional Information

Selected candidates will receive further communication regarding this position via email. Check your email, including spam/junk folders, for these notices. The ability to telework is subject to change at any time. Additional details may be provided during the interview.