Experienced Actuarial Analyst (CAT Risk Management & Reinsurance)

Being good neighbors - helping people, investing in our communities, and making the world a better place - is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good!

Office Location: Bloomington, IL; Richardson, TX; or Phoenix, AZ

Hybrid Work Arrangement: In this position, you should plan to spend time working in the office a minimum of 2 days per week. Associates are expected to be able to travel to and from your assigned office location as part of a hybrid work arrangement. Work arrangements could change over time based on business need. Your manager will share additional information regarding your department's approach and what it means for you.

*****Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) or for future work authorization for this opportunity****

A Day In The Life Of A Property & Casualty Actuarial Analyst

Working at State Farm takes heart. We help customers protect the things that matter most to them. We help them get back on their feet after an accident or disaster and we help people plan ahead for the future they want.

As a member of the Property and Casualty Actuarial community you will be challenged and empowered to grow personally and professionally. We are dedicated to helping each of our associates develop to his or her full potential.

In order to enable our associates to grow, P&C Actuarial offers a competitive Exam Support program for associates pursuing their actuarial designations.

Our P&C Actuarial Analysts develop actuarial recommendations for leadership and implement changes to satisfy the financial objectives of the enterprise. They also develop and apply actuarial modeling techniques to solve actuarial problems, conduct actuarial research, identify solutions to actuarial problems and analyze and prepare responses to various actuarial questions/issues. Our P&C Actuarial Analysts serve as valued resources to other State Farm areas.

We Are Looking for Candidates With:

• Experienced Actuarial Analyst with a minimum of 3 years of experience in the field.
• Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management or other analytics majors preferred
• Experience with data and statistical analysis in Excel and Python required
• Experience with unsupervised learning preferred
• Experience with catastrophe risk management analytics and reinsurance preferred
• Strong communication, interpersonal, organization, leadership and critical thinking skills
• Successful completion of at least three Casualty Actuarial Society exams required. ACAS or FCAS designation preferred.

What You Can Expect

Incumbency: There is a 12-month incumbency for promotional moves and a 24-month incumbency for lateral moves. The incumbency period will begin on the employee's effective date and must be met before the employee can post for other State Farm positions.

Next Steps:

Complete the application process AND attach a copy of your unofficial transcripts.

Competitive candidates may be invited to participate in the interview process. This is where the excitement begins!

Because work-life balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!

• Potential starting base salary at $110,000 (reflecting 3 exams and 2 years of experience) and will increase with relevant experience and passed exams.
• Starting salary will be based on skills, background, and experience
• High end of the range limited to applicants with significant relevant experience
• Actuarial Exam Support/reimbursements and salary increases for passed exams.
• Potential yearly incentive pay up to 15% of base salary

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!

• Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
• Stay Well! Focus on you and your family's health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
• Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
• Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
• Take a Little "You" Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
• Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
• Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!

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