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Insurance Financial Analyst Jobs in Michigan (NOW HIRING)

FastTek

Sr. Financial Analyst

Franklin, MI

$78K - $97K/yr

Sr. Financial Analyst #1055687 Duties: Job Summary: Responsible for preparing, validating and ... Life Insurance (100% paid) * 401(k) with immediate vesting and 3% (of salary) dollar-for-dollar ...

Amrize

Senior Financial Analyst

Dundee, MI · On-site

$80K - $100K/yr

Join Amrize as a Senior Financial Analyst and help construct what's next. If you're ready to put ... Medical, Dental, Disability and Life Insurance * Holistic Health & Well-being programs * Health ...

Amrize

Senior Financial Analyst

Dundee, MI · On-site

$80K - $100K/yr

Join Amrize as a Senior Financial Analyst and help construct what's next. If you're ready to put ... Medical, Dental, Disability and Life Insurance * Holistic Health & Well-being programs * Health ...

Lineage Logistics

Financial Analyst, Senior

Novi, MI

$80K - $99K/yr

Lineage is currently searching for a Financial Analyst, Senior to join our team! Ideal candidates ... life and disability insurance benefits, 401k retirement plan, paid time off, annual bonus ...

Corewell Health

Financial Analyst Senior

Grand Rapids, MI · On-site

$82K - $102K/yr

Optional identity theft protection, home and auto insurance * Traditional and Roth retirement ... Name Financial Planning and Analysis CSS - Corporate Employment Type Full time Shift Day (United ...

Spectrum Health

Financial Analyst Senior

Grand Rapids, MI · Hybrid

$82K - $102K/yr

Optional identity theft protection, home and auto insurance * Traditional and Roth retirement ... Name Financial Planning and Analysis CSS - Corporate Employment Type Full time Shift Day (United ...

Corewell Health

Financial Analyst Senior

Grand Rapids, MI · On-site

$82K - $102K/yr

Optional identity theft protection, home and auto insurance * Traditional and Roth retirement ... Name Financial Planning and Analysis CSS - Corporate Employment Type Full time Shift Day (United ...

Spectrum Health

Financial Analyst Senior

Grand Rapids, MI · Hybrid

$82K - $102K/yr

Optional identity theft protection, home and auto insurance * Traditional and Roth retirement ... Name Financial Planning and Analysis CSS - Corporate Employment Type Full time Shift Day (United ...

HUB

Employee Benefits Financial Analyst

Troy, MI

HUB is the 5th largest global insurance and employee benefits broker, providing a broad array of ... The focus of this position is to provide regular financial and analytics reporting as well as ...

Ilitch Companies

Risk & Finance Analyst

Detroit, MI · On-site

Conduct detailed financial analysis and risk assessments for the captive insurance companies. * Prepare comprehensive financial reports and dashboards for leadership, highlighting key performance ...

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All JobsInsurance Financial Analyst JobsInsurance Financial Analyst Jobs in Michigan

Insurance Financial Analyst information

See Michigan salary details

$33.6K

$76.8K

$102.8K

How much do insurance financial analyst jobs pay per year?

As of Jul 16, 2026, the average yearly pay for insurance financial analyst in Michigan is $76,797.00, according to ZipRecruiter salary data. Most workers in this role earn between $61,000.00 and $96,300.00 per year, depending on experience, location, and employer.

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 start lower, but experienced analysts with certifications like CFA can earn significantly higher salaries, making it a well-paying career option.

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.

Is AI replacing financial analysts?

AI is transforming the role of insurance financial analysts by automating data analysis and modeling tasks, allowing analysts to focus on strategic decision-making. While AI tools can handle routine calculations, human expertise remains essential for interpreting results, assessing risks, and making complex judgments. The profession continues to evolve with technology, but AI is more of a complement than a complete replacement.

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.

How much do insurance analysts make?

Insurance financial analysts typically earn a median annual salary of around $70,000 to $85,000, depending on experience, location, and certifications. Entry-level analysts may start lower, while experienced professionals or those with specialized skills can earn over $100,000 annually.

What does a financial analyst do in insurance?

An insurance financial analyst evaluates the financial performance of insurance companies, analyzes data related to claims, premiums, and reserves, and develops financial models to assess risk and profitability. They use tools like Excel and actuarial software and often require certifications such as CFA or actuarial credentials to perform their analysis 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.

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.
What are popular job titles related to Insurance Financial Analyst jobs in Michigan? For Insurance Financial Analyst jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Insurance Financial Analyst jobs in Michigan look for? The top searched job categories for Insurance Financial Analyst jobs in Michigan are:
Insurance Financial Analyst jobs near you
Infographic showing various Insurance Financial Analyst job openings in Michigan as of July 2026, with employment types broken down into 1% Locum Tenens, 1% Internship, 84% Full Time, 8% Part Time, 1% Temporary, and 5% Contract. Highlights an 82% Physical, 5% Hybrid, and 13% Remote job distribution, with an average salary of $76,797 per year, or $36.9 per hour.
Sr. Financial Analyst

Sr. Financial Analyst

FastTek

Franklin, MI

$78K - $97K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 24 days ago

Job description

Sr. Financial Analyst #1055687
Job Description:
Duties: Job Summary:
Responsible for preparing, validating and analyzing financial information; preparing journal entries; maintaining fixed asset records; reconciling fixed asset and other general ledger account balances on a monthly basis; work closely with other departments to assist with fixed asset and other financial issues.
Essential Duties and Responsibilities:
  • Prepare fixed asset account reconciliations, investigating and clearing any reconciling items
  • Review fixed asset project and purchase requests for proper accounting treatment and compliance with System’s capital policy.
  • Work closely with departments in recognizing asset retirements timely
  • Provide support for internal and external audits
  • Assist in footnote preparation for quarterly/annual financial statements.
  • Perform other responsibilities or assignments as required.

Skills: Required Skills & Experience:
  • 3 to 5 years in Accounting, Finance, or related field.

Education: Required Education:
  • Bachelor's Degree in Accounting, Finance, or a related field.
  • 3 to 5 years in Accounting, Finance, or related field.

Preferred Education:
  • Master's Degree preferred.

Required Skills:
  • FINANCIAL ANALYSIS
  • PREPARING JOURNAL ENTRIES
  • FIXED ASSET ACCOUNTING
  • ACCOUNT RECONCILIATION
  • INTERNAL AUDITS

Additional Skills:
  • EXTERNAL AUDITS
  • FOOTNOTE PREPARATION
  • ACCOUNTING COMPLIANCE

Additional Info:
At FastTek Global, Our Purpose is Our People and Our Planet. We come to work each day and are reminded we are helping people find their success stories. Also, Doing the right thing is our mantra. We act responsibly, give back to the communities we serve and have a little fun along the way.
We have been doing this with pride, dedication and plain, old-fashioned hard work for 24 years!
FastTek Global is financially strong, privately held company that is 100% consultant and client focused.
We've differentiated ourselves by being fast, flexible, creative and honest. Throw out everything you've heard, seen, or felt about every other IT Consulting company. We do unique things and we do them for Fortune 10, Fortune 500, and technology start-up companies.
Our benefits are second to none and thanks to our flexible benefit options you can choose the benefits you need or want, options include:
  • Medical and Dental (FastTek pays majority of the medical program)
  • Vision
  • Personal Time Off (PTO) Program
  • Long Term Disability (100% paid)
  • Life Insurance (100% paid)
  • 401(k) with immediate vesting and 3% (of salary) dollar-for-dollar match

Plus, we have a lucrative employee referral program and an employee recognition culture.
FastTek Global was named one of the Top Work Places in Michigan by the Detroit Free Press in 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2023!
To view all of our open positions go to: https://www.fasttek.com/fastswitch/findwork
Follow us on Twitter: https://twitter.com/fasttekglobal
Follow us on Instagram: https://www.instagram.com/fasttekglobal
Find us on LinkedIn: https://www.linkedin.com/company/fasttek
You can become a fan of FastTek on Facebook: https://www.facebook.com/fasttekglobal/
AI & Hiring Disclosure
We use AI tools to support parts of our hiring process, such as reviewing applications and identifying potential matches. These tools are designed to promote efficiency, consistency, and fairness, and they are always used under human oversight.
All personal data collected is used solely for recruitment purposes, and you have the right to know, access, or request deletion of your data at any time, subject to legal limits.
If AI will be used in a video interview, you'll be informed in advance and asked for your consent, with the option to opt out.
Our tools are regularly reviewed to detect potential bias and to ensure compliance with all applicable laws and our commitment to inclusive hiring.
To learn more or exercise your rights, please contact us at info@fasttek.com.