How to hire a finance and insurance manager

How to hire a finance and insurance manager, step by step

Here's a step-by-step finance and insurance manager hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a finance and insurance manager job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new finance and insurance manager
• Step 8: Go through the hiring process checklist

What does a finance and insurance manager do?

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1. Identify your hiring needs

   Before you post your finance and insurance manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a finance and insurance manager for hire on a part-time basis or as a contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   Hiring the perfect finance and insurance manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

   This list shows salaries for various types of finance and insurance managers.

   Type of Finance And Insurance Manager	Description	Hourly rate
   Finance And Insurance Manager	Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.	$25-74
   Credit Manager	A credit manager is a professional who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses... Show more	$18-57
   Manager Finance Planning And Analysis	A manager finance planning and analysis oversees the daily operations of a company's financial planning department. They typically have administrative duties such as setting goals and guidelines, establishing timelines and budgets, delegating tasks among teams and staff, and reviewing financial reports regularly... Show more	$36-71

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Customer Service
   • Insurance Products
   • Customer Satisfaction
   • DMV
   • Life Insurance
   • Health Insurance
   • Sales Process
   • Disability Insurance
   • Product Penetration
   • OFAC
   • Dealer Track
   • Local Regulations
   • Car Sales
   • Financial Institutions

   Check all skills

   Responsibilities:

   • Reorganize and lead the department from $600 PVR to $1400 PVR in 90 days.
   • Lead successful sales team and provide direct oversight on overall dealership business profitability.
   • Handle state and finance paperwork for a Toyota, Honda and Nissan dealership.
   • Work with Reynolds+Reynolds and ADP systems.
   • Complete the selling cycle of Honda vehicles.
   • Protect the dealer and the customer by utilizing OFAC.

   More finance and insurance manager duties

3. Make a budget

   Including a salary range in your finance and insurance manager job description is one of the best ways to attract top talent. A finance and insurance manager can vary based on:

   • Location. For example, finance and insurance managers' average salary in hawaii is 41% less than in connecticut.
   • Seniority. Entry-level finance and insurance managers 65% less than senior-level finance and insurance managers.
   • Certifications. A finance and insurance manager with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a finance and insurance manager's salary.

   Average finance and insurance manager salary

   $92,250yearly

   $44.35 hourly rate

   ---

   Entry-level finance and insurance manager salary

   $54,000 yearly salary

   Updated January 20, 2026

   Average finance and insurance manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$115,865	$56
   2	Connecticut	$114,882	$55
   3	New York	$114,621	$55
   4	Pennsylvania	$113,508	$55
   5	Massachusetts	$112,329	$54
   6	Virginia	$104,019	$50
   7	Illinois	$99,536	$48
   8	Colorado	$97,381	$47
   9	Montana	$96,339	$46
   10	New Jersey	$94,783	$46
   11	Michigan	$94,178	$45
   12	Nevada	$91,537	$44
   13	Wisconsin	$88,500	$43
   14	New Mexico	$87,338	$42
   15	Kansas	$87,164	$42
   16	North Carolina	$87,002	$42
   17	Arizona	$86,568	$42
   18	Alabama	$84,955	$41
   19	Texas	$84,754	$41
   20	Georgia	$83,156	$40

   Average finance and insurance manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Ann & Robert H. Lurie Children's Hospital of Chicago	$170,645	$82.04	10
   2	Microsoft	$144,411	$69.43	82
   3	The TJX Companies	$140,711	$67.65	4
   4	CITGO Petroleum	$137,064	$65.90
   5	JPMorgan Chase & Co.	$132,468	$63.69	392
   6	Walgreens	$132,139	$63.53	8
   7	AIG	$125,774	$60.47	28
   8	Pwc	$114,744	$55.17	1,660
   9	Ernst & Young	$112,275	$53.98	2,579
   10	Berkshire Hathaway	$107,913	$51.88	19
   11	Zurich	$105,454	$50.70	25
   12	Asbury Automotive Group	$105,359	$50.65	28
   13	University of California	$105,251	$50.60	37
   14	American Family Insurance	$104,536	$50.26	6
   15	Accenture	$103,686	$49.85	1,342
   16	Fox Motors	$101,261	$48.68
   17	Synovus	$99,516	$47.84	5
   18	UC Santa Barbara	$97,841	$47.04
   19	Deloitte	$97,360	$46.81	1,943
   20	Grant Thornton	$96,507	$46.40	193

4. Writing a finance and insurance manager job description

   A good finance and insurance manager job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a finance and insurance manager job description:

   Finance and insurance manager job description example

   PIH Health is a nonprofit, regional healthcare network that serves approximately 3 million residents in the Los Angeles County, Orange County and San Gabriel Valley region. The fully integrated network is comprised of PIH Health Hospital - Whittier, PIH Health Hospital - Downey and PIH Health Good Samaritan Hospital, 27 outpatient medical locations, a multispecialty medical (physician) group, home healthcare services and hospice care, as well as heart, cancer, women's health, urgent care and emergency services. The organization is recognized by Watson Health as one of the nation's Top Hospitals, and College of Healthcare Information Management Executives (CHIME) as one of the nation's top hospital systems for best practices, cutting-edge advancements, quality of care and healthcare technology. PIH Health is certified as a Great Place to Work
   TM . For more information, visit PIHHealth.org or follow us on Facebook, Twitter, or Instagram.
   Under the supervision of the Patient Accounting Director, this is a management position responsible for Commercial follow up through final resolution of all commercial insurance, worker's compensation, PPO/HMO and Medi-Cal and HMO Medi-Cal patient accounts. Oversees collection and follow-up activities; identification and processing of appropriate write-offs, accurate resolution of all credit balances and prompt response to follow up issues. Ensures compliance to contract billing requirements to include all coding edits. Manages Refund Representative in an effective manner. Manages EOB Review team in an effective manner. Provides timely feedback and education to appropriate departments and staff. Meet and exceed the minimum productivity volume, and standards of work as defined within the departmental policies and procedures. Attains and maintains current AAHAM CPAT certification within 6 months of hire date and throughout employment.
   Required Skills
   Must have competence with calculators, typewriters, and personal computer software programs
   Ability to perform multiple tasks and prioritize appropriately. Strong verbal and written skills
   Results oriented professional management skills. Good mathematical skills
   Able to perform multiple tasks
   Must be able to demonstrate sound decision making and prioritization skills
   Good communication skills
   Ability to learn new systems, become proficient in development of reports via hospital systems and tools provided, proficient in excel and word document for appeal submission to payers
   Requires extensive knowledge of commercial, Medi-Cal, Medicare, and workers' compensation
   
   Required Experience Required:
   
   High school graduate
   Minimum 3 years experience in hospital patient accounting
   Attains and maintains current AAHAM CPAT certification within 6 months of hire date and throughout employment
   
   
   Preferred:
   
   Supervisory experienced is preferred
   
   Beyond the benefits that come with working for the area's leading community healthcare provider - one that also recognizes the need to ensure patient safety and comfort - you'll enjoy an extremely competitive compensation and benefits package. We are an equal opportunity employer and seek diversity in our workforce. EOE M/F/D/V

   Copy this example

   

5. Post your job

   To find finance and insurance managers for your business, try out a few different recruiting strategies:

   • Consider internal talent. One of the most important talent pools for any company is its current employees.
   • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any finance and insurance managers they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level finance and insurance managers with the right educational background.
   • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.

   Post your job online:

   • Post your finance and insurance manager job on Zippia to find and recruit finance and insurance manager candidates who meet your exact specifications.
   • Use field-specific websites.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with finance and insurance manager candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new finance and insurance manager

   Once you have selected a candidate for the finance and insurance manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   After that, you can create an onboarding schedule for a new finance and insurance manager. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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