P&C Actuarial Analyst

About the Role

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 their full potential. 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 #1 Property and Casualty insurer in the United States. They also develop and apply statistical modeling techniques to solve business problems, conduct 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, often engaging with business partners across the organization to solve multi-faceted business problems.

Responsibilities

• Develop actuarial recommendations for leadership and implement changes to meet financial objectives.
• Apply statistical modeling techniques to solve business problems.
• Conduct research and identify solutions to actuarial problems.
• Analyze and prepare responses to actuarial questions and issues.
• Collaborate with business partners across the organization to solve multi-faceted business problems.

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). Unofficial transcripts required with application.
• 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.

Schedule

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 an assigned office location as part of a hybrid work arrangement. Work arrangements may change over time based on business need. Office locations include Bloomington, IL; Dunwoody, GA; Richardson, TX; and Tempe, AZ.

This role follows a standard 38:45-hour work week.

Pay

Potential starting salary range: $82,100 (reflecting 1 exam passed) and will increase with additional passed exams. Starting salary is based on skills, background, experience, and passed exams.

• Actuarial exam support/reimbursements and salary increases for passed exams.
• Potential yearly incentive pay up to 15% of base salary.
• Incentives for successful completion of industry exams (ACAS and FCAS).

Benefits

At State Farm, we offer a comprehensive suite of benefits designed to support you and your family:

• Get Paid: Competitive pay with annual raises and bonus eligibility.
• Stay Well: Robust health and wellbeing programs, including medical, vision, dental, telemedicine, and 24/7 mental health support. State Farm pays most healthcare premiums, and all medical plans cover 100% of in-network preventative care.
• Develop and Grow: Educational benefits including training programs, tuition assistance, employee resource groups, and mentoring.
• Plan Ahead: Fertility/IVF/adoption assistance, college coaching, financial workshops, free financial coaching, and access to a credit union.
• Take a Little “You” Time: Generous time off 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.
• Give Back: Matching Gift Program, Good Neighbor Grant Program, and Employee Assistance Fund.
• Finish Strong: Retirement planning with free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Applicants must 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) for this opportunity.

There is a 24-month incumbency period for lateral job movements and a 12-month incumbency period for promotional opportunities before the employee may post for other State Farm positions.