Professional Career Opportunities - Job Title Details
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Title Information
You are currently viewing archived title information for Examination 20-140 PCO-Professional Career Opportunities, held in April 2014. View current title information for PCO-Professional Career Opportunities.
Financial Analyst 1 (Workers Compensation)
Occupation Group
Accounting, Auditing and Finance
Salary Information
Starting Salary
$51,268
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
Individuals in this job title analyze financial information prepared on behalf of group self insurers who have defaulted on their obligations to pay claims and prepare reports which summarize the findings of such analysis. They review comparative financial statements prepared in accordance with General Accepted Accounted Principles (GAAP) and ensure that all appropriate New York adjustments have been made; review actuarial reports and ensure that the reports contain sufficient documentation for actuarial peer review; review forensic reports which detail the reasons for the groups' under funding and ultimate default; maintain reports which summarize billing and collection information for every defaulted group which will serve as the basis for any Attorney General collection referrals; review financial information to identify trends or changes in the financial condition of defaulted group self insurers; and prepare standardized evaluations of group self insurers who have defaulted.
Agencies with this Title
Advanced Placement
If chosen, you may, at the agency's discretion, be appointed to a higher level. You must inform the agency of any additional qualifications at your interview.
View Additional Qualifications
How to Apply
The November 2022 PCO Examination is closed, applications are no longer being accepted