Professional Career Opportunities - Job Title Details
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Title Information
Financial Analyst 1 (Workers Compensation), G-18
Occupation Group
Accounting, Auditing and Finance
Salary Information
Starting Salary
$61,270
Career Ladder Information
| Title | Grade | Hiring Rate/yr | Job Rate/yr |
|---|---|---|---|
| Financial Analyst Trainee 1 Workers Compensation | 13 | $49,363 | $63,169 |
| Financial Analyst Trainee 2 Workers Compensation | 14 | $52,198 | $66,634 |
| Financial Analyst 1 Workers Compensation | 18 | $65,001 | $82,656 |
| Financial Analyst 2 Workers Compensation | 23 | $84,156 | $106,454 |
| Financial Analyst 3 Workers Compensation | 25 | $93,530 | $117,875 |
| Financial Analyst 4 Workers Compensation | 27 | $103,784 | $127,830 |
All salary grades for trainees titles are non-statutory (NS) equated to the salary grade identified. These grade equations apply to the starting salaries in their respective salary schedule for the traineeship levels.
Job Description
Financial Analysts (Workers' Compensation) analyze financial information related to Workers' Compensation and their special fund programs, such as the Special Disability Fund, Fund for Re-opened Cases, Uninsured Employers Fund, Special Disability Fund, Assessment Funds and Self Insurance Group or Individual Programs. They evaluate all aspects of special fund programs including reviewing financial condition, claims management, Third Party Administrator (TPA) performance, collections and issuance of assessments, review security deposits and help manage defaults, and perform cost benefit analysis of any special Workers' Compensation initiative.
Agencies with this Title
Minimum Qualifications
You must meet the requirements below to qualify for this title.
A bachelor's or higher degree AND two years of professional experience in performing financial statement analysis, collateral analysis, reserve analysis, cash flow analysis such as revenue and expenditure forecasting, budget variance analysis and industry analysis to determine repayment ability.
Examples of qualifying experience would be a commercial credit analyst or commercial lender.
NOTE: Experience as a mortgage broker, consumer credit analyst, bank branch manager, budget analyst, bookkeeper, account clerk or accountant aide is NOT considered qualifying.
How to Apply
The November 2022 PCO Examination is closed, applications are no longer being accepted