Insurance Company Financial Analyst 1 pay range
Commonwealth of Pennsylvania · class code 04020
- Class code
- 04020
- Pay scale group
- ST 07
- Pay unit
- Year
- Bargaining unit
- A4
- State
- Pennsylvania
- The Commonwealth of Pennsylvania published pay range for Insurance Company Financial Analyst 1 is $60,538 to $92,010 per year.
- Commonwealth of Pennsylvania Office of Administration keys this classification as class code 04020.
- This is the range the plan authorises, not the salary of any individual employee.
Class specification
The Commonwealth job specification for this class is published by Commonwealth of Pennsylvania Office of Administration. The passages below are quoted from it as published, not paraphrased, and cut to their opening sentences; the full specification is the authority on duties and qualifications. It was last revised 10/11/2022.
What the state says the job is
This is professional and specialized technical work in the application of accounting techniques and in the review of financial statements and related documents to determine compliance with Pennsylvania insurance laws, regulations, and policies. An employee in this job conducts reviews and risk-focused analyses of insurance companies and other regulated entities to determine their compliance with insurance laws, rules, and regulations, and the National Association of Insurance Commissioners (NAIC) standards and guidelines. Work involves reviewing supplemental filings of licensed insurers and other regulated entities in support of solvency surveillance. Work includes testing and verifying the accuracy of financial information submitted by companies through quarterly and annual statements and recommending financial condition priority ratings for each company reviewed.
Examples of the work
• Analyzes and evaluates financial information, transactions, corporate governance, and general operations to assess compliance with PA statutes, regulations, policies, and NAIC guidelines and best practices. • Obtains, reviews, and analyzes information presented in NAIC Financial Analysis Solvency Tools (FAST), risk repositories, rating agency reports, SEC filings, earnings calls, and press releases to identify and assess risk factors. • Reviews required filing submissions and performs detailed financial, performance, compliance, and solvency reviews of insurance companies and insurance holding companies doing business in Pennsylvania.
Minimum qualifications
• 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.
Quoted from the Commonwealth job specification, read 2026-10-21.
Where this comes from
Commonwealth of Pennsylvania Office of Administration publishes this figure in Classification and Pay Plan (online, current annual salary ranges). Every number on this page is read from that document; nothing is estimated, modelled or averaged.
The Commonwealth also links this class code to its own job title and specification. That page is the official description of the classification; this page publishes its pay range.
The listed pay scale is available in the Commonwealth's current ST schedule.