P&C Actuarial Analyst

Office Location(s): Bloomington, IL; Dunwoody, GA; Richardson, TX; Tempe, AZ

Hybrid Work Arrangement: In this position, you should plan to spend time working in the office a minimum of 2 days per week, moving to 3 days in 2027. Associates are expected to travel to and from your assigned office location as part of this arrangement. Work arrangements may change based on business need.

Applicants must be eligible to lawfully work in the U.S. immediately; employer will not sponsor work authorization for this opportunity.

Responsibilities

• Develop actuarial recommendations for leadership and implement changes to satisfy the financial objectives of the #1 Property and Casualty insurer in the United States.
• Develop and apply statistical modeling techniques to solve business problems.
• Conduct research, identify solutions to actuarial problems, and analyze and prepare responses to actuarial questions/issues.
• Serve as a valued resource to other State Farm areas, engaging with business partners across the organization to solve multi-faceted business problems.

State Farm offers a competitive Exam Support program for associates pursuing actuarial designations to enable professional growth.

Requirements

Required attachments at the time of application (combine into a single document):

• Resume
• Transcript for recent graduates (unofficial copy accepted)

Qualifications

We are looking for candidates with:

• Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management, or other analytical fields (bachelor’s degree must be completed prior to start date).
• Minimum GPA of 3.25 (3.5 or higher preferred).
• Experience with data and statistical analysis in Excel, SQL, R, and/or Python.
• Completion of a prior actuarial internship or similar work experience.
• Successful completion of at least one Society of Actuaries or Casualty Actuarial Society actuarial exam (two or more exams preferred).
• Intention to earn the ACAS/FCAS designation.
• Strong communication, interpersonal, organization, leadership, problem-solving, and critical thinking skills.

Preferred qualifications:

• Experience delivering multiple projects on time and with quality.
• Ability to collaborate with peers, managers, and stakeholders to define project scope and deliver shared outcomes.
• Ability to work in ambiguous situations and develop recommendations aligned with department and enterprise goals.

Incumbency Period: A 24-month incumbency period applies for lateral job movements and a 12-month period for promotional opportunities before eligibility to post for other State Farm positions.

Benefits

• Compensation: Based on a 38:45-hour work week. Potential starting salary range: $82,100 (reflecting 1 exam passed) with increases for additional passed exams. Potential yearly incentive pay up to 15% of base salary. Incentives for successful completion of ACAS and FCAS exams.
• Health and Wellbeing: State Farm pays most healthcare premiums. Multiple plan options, including a high-deductible plan with 100% coverage for in-network preventative care. Access to vision, dental, telemedicine, 24/7 mental health professionals, and more.
• Development and Growth: Educational benefits including training programs, tuition assistance, employee resource groups, and mentoring.
• Financial Planning: Fertility/IVF/adoption assistance, college coaching, national discount programs, financial workshops, free financial coaching, and State Farm Federal Credit Union services.
• Time Off: Generous policies including up to 20 days annually, parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days.
• Giving Back: Matching Gift Program, Good Neighbor Grant Program, and Employee Assistance Fund.
• Retirement: 401(k) plan with company contributions of up to 7% of salary and access to free financial advisors.