P&C Actuarial Analyst

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) for this opportunity.

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. 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 #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 satisfy financial objectives
• Develop and apply statistical modeling techniques to solve business problems
• Conduct research and identify solutions to actuarial problems
• Analyze and prepare responses to various actuarial questions/issues
• Engage with business partners across the organization to solve multi-faceted business problems

Requirements

IMPORTANT: The following must be attached at the time of application (please attach both of the following as one combined single document and upload during the application process):

• 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 (successful completion of bachelor’s degree prior to start date)
• Minimum GPA of 3.25, GPA of 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 is preferred
• Intention to earn the ACAS/FCAS designation
• Strong communication, interpersonal, organization, leadership, problem-solving and critical thinking skills

Preferred Qualifications

• Experience with 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 the gray and develop recommendations aligned to department and enterprise goals

Incumbency Period: There is a 24-month incumbency period (beginning on the employee's effective date) for any lateral job movements and a 12-month incumbency period for any promotional opportunities, which must be met before the employee may post for other State Farm positions. The incumbency period does not affect the at-will relationship between State Farm and the employee and does not create an employment contract, nor contractual rights.

Schedule

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

Hybrid Work Arrangement: In this position, you should plan to spend time working in the office a minimum of 2 days per week and moving to 3 days in 2027. 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.

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

Pay

Potential starting salary range: $82,100 reflecting 1 exam passed and will increase with additional passed exams. Starting salary will be 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 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!

• Eligible for an annual raise and bonus

Stay Well!

• Robust health and wellbeing programs
• State Farm pays most of your healthcare premium, with multiple healthcare plan options including a high deductible plan
• All medical plans provide 100% coverage for in-network preventative care
• Access to vision, dental, telemedicine, 24/7 mental health professionals, and much more

Develop and Grow!

• Educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring

Plan Ahead!

• Benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching
• Savings account or financing through our State Farm Federal Credit Union
• Retirement planning with free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary

Take a Little “You” Time!

• Generous time off policies including 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

Give Back!

• Matching Gift Program
• Good Neighbor Grant Program
• Employee Assistance Fund