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Are you looking for a fast-paced career which allows you to enhance your professional toolkit and utilize your acquired accounting and finance knowledge? The Insurance Department is seeking an Insurance Company Financial Analyst Trainee to participate in a progressively responsible training program to learn to perform the work of an Insurance Company Financial Analyst. This in entry-level work in which you will learn 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. Choose a career path which encourages advancement and growth, apply today!
As an Insurance Company Financial Analyst Trainee, you will assist in the review and analysis of financial, transactional, and operational records, required filings, and other related items, including but not limited to biographical affidavits, financial examination reports, and business plans. You will independently study the Financial Analysis Procedures Manual, various NAIC publications, and other specific reading material included in the program.
You will learn the importance of analyzing reported financial results and identifying key financial risks in the ongoing solvency monitoring process, in addition to becoming adept with using software applications to record and assist with the financial analysis work product, such as TeamMate. You will also learn to review business plans and pro forma financial statements and understand the importance of this information in relation to a company's operations, risk management, and financial results.
You will learn how to customize the nature and extent of financial analysis procedures performed to ensure the effectiveness and efficiency in accordance with the size, risk, and complexity of the insurer. This position affords the opportunity to learn how to locate and stay apprised of industry trends through the review of business journals, industry publications, and more to assist with financial analyses and solvency monitoring. Acquire the basics of reinsurance, including terminology, purpose, and how various types of reinsurance are structured.
Work Schedule and Additional Information:
QUALIFICATIONS
Minimum Experience and Training Requirements:
Other Requirements:
How to Apply:
Veterans:
Telecommunications Relay Service (TRS):
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.Full Time
Public Administration
$71k-88k (estimate)
01/26/2024
05/15/2024
pa.gov
HARRISBURG, PA
>50,000
2015
TOM WOLF
>$50B
Public Administration
Tom Wolf is a different kind of leader, and he has been a different kind of governor. Since taking office, Tom has taken a number of steps to make Pennsylvania a better place. As Pennsylvania governor, Tom is focused on three simple goals: jobs that pay, schools that teach, and government that works. Tom has fought for the people of Pennsylvania and he will continue to serve the best interests of the commonwealth.