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Insurance Financial Analyst Jobs (NOW HIRING)

Roessel Joy

Financial Analyst

Newton, MA · On-site

$36 - $39/hr

Responsibilities • Develop annual financial plans and budgets across multiple specialty-insurance ... Provide analytical insights for decision-making • Be the go-to business partner for ad-hoc ...

Brown & Brown Insurance

Financial Analyst

Boston, MA

$70K - $90K/yr

The Finance Analyst is expected to provide understanding of the financial planning and analysis ... Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance * Financial Benefits : ESPP; 401k;

Roessel Joy

Financial Analyst

Newton, MA · On-site

$36 - $39/hr

... specialty\-insurance business lines Working closely with business leaders, maintain rolling ... FP&A, investment banking or similar role is required and prior experience in insurance FP&A is ...

Brown & Brown, Inc.

Financial Analyst

Boston, MA · On-site

$70K - $90K/yr

The Finance Analyst is expected to provide understanding of the financial planning and analysis ... Medical/Rx, Dental, Vision, Life Insurance, Disability Insurance * Financial Benefits: ESPP; 401k;

Adventist Health

Financial Analyst

Hanford, CA · Hybrid

Reviews, reconciles and analyzes data to insure financial integrity of information reported and identification of trends. Assists in the development of proformas and acquisition analytics. Provides ...

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Insurance Financial Analyst information

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$38.5K

$88.1K

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How much do insurance financial analyst jobs pay per year?

As of Jun 18, 2026, the average yearly pay for insurance financial analyst in the United States is $88,111.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,000.00 and $110,500.00 per year, depending on experience, location, and employer.

What's the highest paying job in insurance?

In insurance, executive roles such as Chief Actuary, Chief Underwriting Officer, or Chief Risk Officer tend to be the highest paying positions, often earning six-figure salaries or more. These roles require extensive experience, advanced certifications like FCAS or FCIA, and strong leadership skills within large organizations.

Is a financial analyst a high paying job?

A financial analyst, including those working in insurance, typically earns a competitive salary that varies by experience, location, and industry. Entry-level positions may have lower pay, while experienced analysts with certifications like CFA can earn higher salaries, often supplemented by bonuses and benefits.

What are the most common challenges faced by Insurance Financial Analysts when forecasting future claims and liabilities?

Insurance Financial Analysts often encounter challenges in forecasting due to the complexity and unpredictability of claims data, changing regulations, and evolving market conditions. Accurately estimating future liabilities requires strong analytical skills and close attention to detail, especially when working with large datasets and actuarial models. Analysts regularly collaborate with underwriting, actuarial, and risk management teams to gather reliable information and refine projections, making communication and teamwork essential in overcoming these challenges.

What are the key skills and qualifications needed to thrive as an Insurance Financial Analyst, and why are they important?

To thrive as an Insurance Financial Analyst, you need strong analytical skills, a solid background in finance or accounting, and typically a bachelor's degree in a related field. Proficiency with financial modeling tools, Excel, and insurance-specific software such as SAS or actuarial systems, as well as relevant certifications like CFA or CPA, is highly valued. Excellent communication, problem-solving abilities, and attention to detail are crucial soft skills for interpreting data and presenting insights. These competencies are essential for accurately assessing risk, guiding financial decisions, and ensuring regulatory compliance within insurance organizations.

What does a financial analyst do in insurance?

An insurance financial analyst evaluates the financial performance of insurance companies, assesses risk exposure, and develops models to forecast future financial outcomes. They analyze data using tools like Excel and actuarial software, and often require certifications such as CFA or actuarial credentials to perform their duties effectively.

What is the difference between Insurance Financial Analyst vs Actuary?

AspectInsurance Financial AnalystActuary
Required CredentialsBachelor's degree, often in finance, economics, or related fields; certifications like CFA or CPCUBachelor's degree in mathematics, statistics, or actuarial science; professional actuarial exams and credentials (e.g., ASA, FSA)
Work EnvironmentInsurance companies, financial firms, consulting firms; focus on financial analysis and reportingInsurance companies, consulting firms; focus on risk assessment and pricing
Industry UsageCommonly employed in insurance and financial sectors for financial planning and analysisPrimarily in insurance, pension, and risk management sectors for actuarial modeling

While both roles involve financial analysis within the insurance industry, Insurance Financial Analysts focus on financial reporting and planning, whereas Actuaries specialize in risk assessment and pricing through advanced mathematical modeling. Both careers require strong analytical skills and relevant certifications, but their core responsibilities differ significantly.

Is FP&A an entry level job?

Financial Planning and Analysis (FP&A) roles are often entry-level positions, especially for those with a bachelor's degree in finance, accounting, or related fields. However, some companies require prior experience or specific skills such as Excel proficiency and financial modeling, so the level can vary based on the company's requirements and the complexity of the role.

What does an Insurance Financial Analyst do?

An Insurance Financial Analyst is responsible for evaluating the financial performance and stability of insurance companies or insurance portfolios. They analyze financial statements, review investment strategies, assess risks, and help ensure regulatory compliance. Their insights assist in strategic planning, profitability forecasting, and maintaining the fiscal health of the organization. They often work closely with actuaries, underwriters, and management to provide data-driven recommendations.
More about Insurance Financial Analyst jobs
What cities are hiring for Insurance Financial Analyst jobs? Cities with the most Insurance Financial Analyst job openings:
What states have the most Insurance Financial Analyst jobs? States with the most job openings for Insurance Financial Analyst jobs include:
What job categories do people searching Insurance Financial Analyst jobs look for? The top searched job categories for Insurance Financial Analyst jobs are:
Insurance Financial Analyst jobs near you
Infographic showing various Insurance Financial Analyst job openings in the United States as of June 2026, with employment types broken down into 1% Locum Tenens, 1% As Needed, 95% Full Time, 1% Part Time, and 2% Contract. Highlights an 81% Physical, 8% Hybrid, and 11% Remote job distribution, with an average salary of $88,111 per year, or $42.4 per hour.
Insurance Financial Analyst (OSI #4267)

Insurance Financial Analyst (OSI #4267)

State of New Mexico

Santa Fe, NM • On-site

$24.16 - $36.24/hr

Full-time

Posted 7 days ago

State Of New Mexico rating

7.1

Company rating: 7.1 out of 10

Based on 63 frontline employees who took The Breakroom Quiz

38th of 50 rated states

Job description

$24.16 - $36.24 Hourly
$50,248 - $75,372 Annually
This position is a Pay Band C6
Posting Details
The OSI enforces New Mexico law on insurance matters, including consumer protections, review of insurance forms and rates for accuracy and fairness, and helps New Mexicans address insurance concerns. We oversee and regulate most kinds of insurance in New Mexico and we license the individuals and agencies that sell insurance in the state.
THIS POSTING WILL BE USED FOR ONGOING RECRUITMENT AND MAY CLOSE AT ANY TIME. APPLICANT LISTS MAY BE SCREENED MORE THAN ONCE.
Why does the job exist?
The Financial Analyst role exists to, among other things, develop and execute State of New Mexico and National Association of Insurance Commissioner's ("NAIC") mandated financial analysis of insurance companies operating in the State of New Mexico.
How does it get done?
The key responsibilities of the Financial Analyst include, but are not limited to:
a. Execute of the quarterly risk-focused analysis of assigned New Mexico
domicile insurance companies.
b. Observe and practice analysis meeting the State of New Mexico rules and regulations and NAIC accreditation standards.
c. Report all significant issues and concerns to OSI key management team.
d. Maintain schedule to ensure all NM domestic companies meet the NM analysis completion dates per NAIC standards.
e. Maintain liaison with company management, NAIC, and other state regulators.
f. Keep abreast of new developments, accounting standards, laws & regulations at the international, Federal, and NAIC level.
g. Other administrative functions as deemed necessary to assist in the successful completion of the OSI mission, and the oversight of the NM domestic companies.
Who are the customers?
This Financial Analyst role provides the Chief Financial Analyst and other OSI constituents information on analysis conducted on New Mexico domiciled insurance companies and their financial solvency, among other things.
Ideal Candidate
The candidates for the Financial Analyst role will have 0-3 years of experience performing financial examinations of property & casualty, life and health insurance companies, under the auspices of the NAIC Financial Analyst Handbook requirements and statutory accounting requirements, a bachelor's degree or higher education in accounting or finance, a professional designation such as Certified Public Accountant or equivalent, among others, is desirable.
Minimum Qualification
Associate degree in accounting, economics, finance, business administration, or related field and two (2) years of directly related experience in budgeting, accounting, auditing, statistical analysis or similar experience. Any combination of education from an accredited college or university in a related field and/or direct experience in this occupation totaling four (4) years may substitute for the required education and experience. For use at the State Investment Council only: any budgeting, accounting, and/or auditing experience is acceptable.
Employment Requirements
Must possess a valid New Mexico Driver's license, a current defensive driving course certification from the State of New Mexico or must pass Defensive Driving Course Certificate within six months of the date of hire as a condition of continued employment.
Working Conditions
Work is usually performed in an office setting, with extensive exposure to Visual/Video Display Terminal (VDT), personal computer and telephone usage. Some sitting, standing, bending and reaching may be required. Some travel may be required.
Supplemental Information
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Agency Contact Information: Don Gilbert (505) 469-6265 Email
For information on Statutory Requirements for this position, click the Classification Description link on the job advertisement.
Bargaining Unit Position
This position is not covered by a collective bargaining agreement.

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