Phoenix, AZ · On-site
$44K - $57K/yr
... ORSA Summary Reports. The Financial Analyst I will also prepare and update the Insurer Profile Summary and/or Group Profile Summary on a timely basis to ensure that significant risks identified and ...
Phoenix, AZ · On-site
$44K - $57K/yr
... ORSA Summary Reports. The Financial Analyst I will also prepare and update the Insurer Profile Summary and/or Group Profile Summary on a timely basis to ensure that significant risks identified and ...
$70.4K - $78.6K
15% of jobs
$78.6K - $86.9K
3% of jobs
$90.9K is the 25th percentile. Wages below this are outliers.
$86.9K - $95.1K
15% of jobs
$95.1K - $103.4K
14% of jobs
The median wage is $108.2K / yr.
$103.4K - $111.7K
6% of jobs
$111.7K - $119.9K
3% of jobs
$119.9K - $128.2K
6% of jobs
$128.2K - $136.4K
6% of jobs
$141.6K is the 75th percentile. Wages above this are outliers.
$136.4K - $144.7K
11% of jobs
$144.7K - $152.9K
12% of jobs
$152.9K - $161.2K
9% of jobs
$70.4K
$115.9K
$161.2K
An ORSA (Own Risk and Solvency Assessment) job typically involves assessing and managing financial and operational risks within an insurance or financial organization. Professionals in this role analyze risk exposures, ensure regulatory compliance, and develop strategies to maintain solvency. They work closely with actuarial, risk management, and compliance teams to provide risk assessments and recommendations. ORSA professionals help organizations align risk management with business strategy while meeting regulatory requirements.
As an ORSA professional, your daily responsibilities often include analyzing risk exposure, preparing regulatory reports, and conducting stress tests on the company’s solvency position. You’ll collaborate closely with actuarial, finance, and compliance teams to ensure risk assessments align with both business objectives and regulatory expectations. Additionally, you may be involved in developing and updating risk management policies, presenting findings to senior management, and supporting internal audits or regulatory examinations. The role offers a mix of independent analysis and teamwork, making it both dynamic and impactful within the organization.
To thrive as an ORSA (Own Risk and Solvency Assessment) professional, you need a solid background in risk management, insurance, actuarial science, and regulatory compliance, typically supported by a bachelor’s or master’s degree in a relevant field. Familiarity with risk modeling software, statistical analysis tools, and regulatory reporting systems such as Solvency II or ORSA frameworks is essential. Strong analytical thinking, attention to detail, and effective communication skills make candidates stand out by enabling them to explain complex risk concepts across teams. These skills ensure accurate, compliant reporting and facilitate informed decision-making for insurance organizations.
For Orsa jobs in Arizona, the most frequently searched job titles are:
The top searched job categories for Orsa jobs in Arizona are:
$44K - $57K/yr
Full-time
Medical, Dental, Life, Retirement, PTO
Re-posted 9 days ago
7.8
Based on 103 frontline employees who took The Breakroom Quiz
24th of 50 rated states
Apply now Job No: 541924
Work Type: Full-time
Location: PHOENIX
Categories: Accounting/Auditing, Business and Financial Administration, Insurance/Banking Industry
The ideal candidate will have strong discipline and execution abilities. They will also be well organized, and can produce thorough and high-quality work culminating with financial risk assessments based upon review of multiple information and data sources.
This position obtains, reviews, analyzes, and audits annual and quarterly traditional insurer and captive insurer records reports, financial statements, and all related supplemental regulatory filings including, but not limited to, audited financial records, actuarial opinions, management's discussion, and analysis, holding company filings, Enterprise Risk Reports, and ORSA Summary Reports.
The Financial Analyst I will also prepare and update the Insurer Profile Summary and/or Group Profile Summary on a timely basis to ensure that significant risks identified and ongoing monitoring plans are effectively communicated to others.
Collect and analyze data such as annual and quarterly traditional insurer and captive insurer insurer financial statements and all related supplemental regulatory filings, in accordance with the National Association of Insurance Commissioners (NAIC) Financial Analysis Handbook to detect deficient controls or non-compliance with laws, regulations, and management policies. Ensure compliance with applicable statutes, rules, and the NAIC Accounting Practices and Procedures Manual
Prepare detailed reports on audit findings. Report to management about audit results and recommended changes in operations and financial activities. Summarize and document results of analysis and assessment of risks based on information reviewed as well as communications with the insurer and other regulators. Utilize analysis performed to conclude on insurer's priority level and provides supporting rationale. Prepare and update the Insurer Profile Summary and/or Group Profile Summary
Obtain, review, and analyze information and results presented in NAIC FAST tools, including IRIS ratios, Scoring System, Financial Profile, etc. Obtain, review, and analyze information from other sources relevant to the current and prospective financial solvency of insurers and/or groups (including, but not limited to, public news reports, rating agency reports, SEC filings, earnings calls and releases, etc.)
Organize and maintain analysis files in a logical and efficient manner
Other duties as assigned as related to the position
Knowledge:
Applicable solvency regulation standards and requirements, including statutory accounting practices and procedures
Understanding of insurance operations, risks, risk management techniques, and transaction flows
Understanding of risks that could emerge from non-insurance operations of an insurance group
Microsoft Word, Excel and/or similar related software
Auditing accounting and auditing methods/systems
General auditing standards and procedures
Skills:
Accountable for solvency monitoring of Arizona domestic insurers
Objectiveness, fairness, reasonable and courteous
Strong written and verbal communication skills
Accurately analyzing and interpreting data
Analytical skills
Abilities:
Research and learn applicable new regulations, guidance, and procedures and practices
Apply good judgments and draw sound conclusions while setting a good example
Multi-task, manage multiple projects, and effectively manage own time
Adapt to changing expectations and environments
Compose clear and concise audit reports
Invest in staff development
Bachelor's Degree in accounting, finance, or economics
Relevant designations that may enhance the profile, such as AFE, CFE, CPA, PIR
The State of Arizona offers a comprehensive benefits package to include:
Optional employee benefits include short-term disability insurance, deferred compensation plans, and supplemental life insurance
Life insurance and long-term disability insurance
Vacation with 10 paid holidays per year
Health and dental insurance
Retirement plan
Sick leave
For a complete list of benefits provided by The State of Arizona, please visit our benefits page
Positions in this classification participate in the Arizona State Retirement System (ASRS)
Note that enrollment eligibility will become effective after 27 weeks of employment
If you have any questions please feel free to contact Shawn McConnell shawn.mcconnell@azdoa.gov for assistance
Advertised: 24 Jun 2026 US Mountain Standard Time
Applications close:
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State of Arizona is not a conventional company, but the governmental structure presiding over the U.S. state of Arizona, headquartered in Phoenix, AZ. The State of Arizona operates within the industry of government administration and public services across various sectors including education, health, public safety, transportation, and economic services. These services are aimed to ensure the security, prosperity, and well-being of the Arizona citizens and communities. Founded on February 14, 1912, when Arizona became the 48th state to join the Union, the State of Arizona is committed to providing people-centric, efficient, and effective government. Its mission is to improve the quality of life for all Arizonans by providing a secure environment and advancing the state's economy.
Public administration
10,000+ Employees
Phoenix, AZ, US
1912
