How to hire an insurance analyst

How to hire an insurance analyst, step by step

Here's a step-by-step insurance analyst hiring guide:

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

What does an insurance analyst do?

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1. Identify your hiring needs

   First, determine the employments status of the insurance analyst you need to hire. Certain insurance analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

   Determine employee vs contractor status

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

   Yes

   No

   You should also consider the ideal background you'd like them an insurance analyst to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an insurance analyst that fits the bill.

   This list presents insurance analyst salaries for various positions.

   Type of Insurance Analyst	Description	Hourly rate
   Insurance Analyst	Insurance underwriters decide whether to provide insurance and under what terms. They evaluate insurance applications and determine coverage amounts and premiums.	$16-42
   Underwriting Internship	Underwriting internship serves as an entry-level job for the development of innovative risk management strategies at an insurance company. The underwriting interns are tasked to evaluate the client's and company's financial risks to decide whether or not to offer insurance... Show more	$14-36
   Claims Representative	A Claims Representative is an agent who works for insurance companies in order to investigate and settle claims. The agent acts as an intermediary between customers and insurance companies by evaluating the customers' facts surrounding claims and determining whether the loss is covered or should be compensated... Show more	$13-25

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Insurance Coverage
   • Insurance Policies
   • Life Insurance
   • Patients
   • Health Insurance
   • PowerPoint
   • Strong Analytical
   • Process Claims
   • Medicaid
   • Insurance Issues
   • Insurance Claims
   • Appeals
   • Workers Compensation
   • Financial Statements

   Check all skills

   Responsibilities:

   • Cold-Cal to generate leads for individual life and disability insurance and annuities.
   • Organize and examine medical records for physical therapy clinics for patients, attorneys and disability insurance claims.
   • Verify insurance benefits for specialty medications cover under both pharmacy and major medical benefits and communicate coverage to patients and physicians.
   • Prepare project kickoff PowerPoint presentation for client site visits.
   • Review retail and wholesale files to submit to FHA for HUD insuring.
   • Provide supporting documentation and reconciliation reports for monthly close and billing using GAAP.

   More insurance analyst duties

3. Make a budget

   Including a salary range in the insurance analyst job description is a good way to get more applicants. An insurance analyst salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

   For example, the average salary for an insurance analyst in Kentucky may be lower than in California, and an entry-level engineer typically earns less than a senior-level insurance analyst. Additionally, an insurance analyst with lots of experience in the field may command a higher salary as a result.

   Average insurance analyst salary

   $55,424yearly

   $26.65 hourly rate

   ---

   Entry-level insurance analyst salary

   $34,000 yearly salary

   Updated January 23, 2026

   Average insurance analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$99,302	$48
   2	New York	$80,769	$39
   3	Washington	$73,554	$35
   4	Pennsylvania	$72,129	$35
   5	Arizona	$71,475	$34
   6	Nevada	$68,214	$33
   7	District of Columbia	$66,527	$32
   8	Massachusetts	$64,617	$31
   9	Florida	$59,526	$29
   10	Ohio	$56,300	$27
   11	Texas	$55,812	$27
   12	North Carolina	$54,239	$26
   13	Puerto Rico	$51,906	$25
   14	Virginia	$51,782	$25
   15	Maryland	$51,451	$25
   16	Colorado	$51,212	$25
   17	Michigan	$47,161	$23
   18	North Dakota	$46,176	$22
   19	Oklahoma	$45,190	$22
   20	Minnesota	$42,061	$20

   Average insurance analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Credit Karma	$151,977	$73.07
   2	Boston Consulting Group	$128,439	$61.75	2
   3	Barclays	$120,892	$58.12	1
   4	Citi	$120,303	$57.84	1
   5	Neuberger Berman	$114,786	$55.19
   6	Bayer	$109,318	$52.56
   7	AAA Northern California, Nevada & Utah	$104,560	$50.27	20
   8	Arch Capital Group	$103,946	$49.97	1
   9	Euronet Worldwide	$97,722	$46.98
   10	Harley-Davidson	$97,661	$46.95
   11	Lexington Insurance	$92,915	$44.67
   12	Ascensus	$89,305	$42.94	5
   13	Equitable Holdings	$88,185	$42.40
   14	Markel	$88,168	$42.39
   15	Population Services International	$87,292	$41.97
   16	North Shore Healthcare	$85,040	$40.88
   17	Wanzek Construction	$84,342	$40.55
   18	Chicago Public Schools	$81,851	$39.35
   19	Brookfield Properties	$78,199	$37.60	2
   20	DaVita Kidney Care	$77,911	$37.46	22

4. Writing an insurance analyst job description

   An insurance analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of an insurance analyst job description:

   Insurance analyst job description example

   The Insurance Analyst will provide insurance review to ensure that insurance coverage is obtained to protect Citibank's interest in the real estate collateral. Direct contact with insurance agents, vendors and internal customers are key to ensure adequate insurance coverage is in place and active. Has direct impact on the business by ensuring the quality of the tasks or services provided. The successful candidate will have the ability to work under minimal direct supervision. Applies working knowledge of established policies and procedures in a professional manner to meet team objectives. Understands how assigned duties contribute to the work of the team/unit and how the units coordinate their efforts and resources to achieve the team objectives. Ensures the quality and timely service goals. Requires tact and diplomacy when exchanging complex or sensitive information with others. Able to assess applicability of similar experiences and escalate under circumstances not covered by procedures. Individual must be accountable, ethical, results oriented, trustworthy, and credible.
   Qualifications: 2-4 years relevant experience Can work well under pressure and multi-task with a sense of urgency Can work independently Good communication skills Comfortable with computers/applications and use of Microsoft
   
   Education:
   High School diploma or equivalent
   
   This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
   
   Job Family Group:
   Operations - Transaction Services
   
   Job Family:
   Loan Documentation and Processing
   
   Time Type:
   Full time
   
   Citi is an equal opportunity and affirmative action employer.
   
   Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
   
   Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .
   
   View the " EEO is the Law " poster. View the EEO is the Law Supplement .
   
   View the EEO Policy Statement .
   
   View the Pay Transparency Posting
   
   Effective November 1, 2021, Citi requires that all successful applicants for positions located in the United States or Puerto Rico be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccination prior to commencement of employment.

   Copy this example

   

5. Post your job

   To find the right insurance analyst for your business, consider trying out a few different recruiting strategies:

   • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
   • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with insurance analysts they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit insurance analysts who meet your education requirements.
   • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.

   Post your job online:

   • Post your insurance analyst job on Zippia to find and recruit insurance analyst candidates who meet your exact specifications.
   • Use field-specific websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with insurance analyst 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.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates 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 insurance analyst

   Once you've decided on a perfect insurance analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

   Once that's done, you can draft an onboarding schedule for the new insurance analyst. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

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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How much does it cost to hire an insurance analyst?