Job Code Pay Scale Group Pay Scale Type Bargaining Unit Civil Service or Non-Civil Service Last Executive Board Change Executive Board Change History
03400 06 ST A4 C 809-06 06/30/2023
Click on “Job Code” for current expanded job information.


JOB CODE: 03400 SERIES NATURE OF WORK: The Insurance Company Examiner job series describes work in the review and examination of financial, corporate, and operating documents to ensure the financial solvency of insurers, affiliated groups, Continuing Care Retirement Communities (CCRCs), and the protection of insurance consumers.

DEFINITION: This is specialized trainee work in the application of auditing and accounting principles and in the examination of financial conditions and operations to determine compliance with Pennsylvania insurance laws, regulations, and policies.

An employee in this job participates in formal and on-the-job training to obtain the necessary skills and experience to conduct risk-focused examinations of domestic insurance companies and to perform financial examinations of CCRCs. Work involves participating in on-site examinations to determine compliance with insurance laws, rules, and regulations and the National Association of Insurance Commissioners (NAIC) standards and guidelines; and to analyze the risks, policies, procedures, and controls to monitor their current financial condition and prospective financial solvency. Work includes participating in the examination of financial statements and records and assisting with the preparation of reports to document adherence to insurance laws, rules, and regulations. Assignments are performed under the oversight of an Examiner-In-Charge (EIC) and in accordance with established policies and procedures. Work is reviewed by a technical supervisor in progress and upon completion for accuracy, quality, application of accepted insurance industry principles and standards, and development of competence in financial examination techniques and procedures.

EXAMPLES OF WORK: (NOTE: The examples of work are representative of the work, but every position classified to this job may not perform all examples of work listed. Conversely, this is not an all-inclusive list of work examples.)

• Participates in the examination, verification, and analysis of fiscal data and records of insurance companies and CCRCs for adherence to state laws, rules, and regulations.

• Participates in risk-focused examinations of insurance company records, documents, financial statements, and other related materials by reviewing company documentation and internal financial analysis reports.

• Assists in preparing statements of income and disbursements, assets and liabilities, cash flows, underwriting and investment exhibits, and necessary supporting schedules.

• Assists in verifying the mathematical accuracy of financial statements.

• Assists in preparing detailed reports based on studies and examination of company accounts.

• Assists financial examiners and Pennsylvania Insurance Department staff conducting examinations, participates in training sessions, studies training materials, and presents reports on training assignments.

• Travels to insurance company sites, both inside and outside of Pennsylvania.

• Performs related work as required.


• Knowledge of generally accepted accounting principles (GAAP).

• Knowledge of auditing principles and practices.

• Knowledge of the methods of compiling, organizing, and analyzing data.

• Knowledge of the use and functionality of Microsoft Office Suite software.

• Ability to perform mathematical and statistical calculations as they apply to the interpretation and use of financial data.

• Ability to analyze and interpret financial data.

• Ability to communicate effectively orally.

• Ability to communicate effectively in writing.

• Ability to establish and maintain effective working relationships.

MINIMUM EXPERIENCE AND TRAINING: (NOTE: Based on the Entry Level Knowledges, Skills, and Abilities)

• A bachelor’s degree that includes 6 college credits in accounting, 3 college credits in finance or economics, and 3 college credits in business law;


• An equivalent experience and training that includes 6 college credits in accounting, 3 college credits in finance or economics, and 3 college credits in business law