Senior P&C Actuarial - 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 and moving to 3 days per week 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.

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.

Responsibilities

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.

• 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 various actuarial questions/issues.
• Serve as valued resources to other State Farm areas, often engaging with business partners across the organization to solve multi-faceted business problems.

Requirements

• A minimum of 2 years of experience in the field. Candidates with experience totaling less than 2 years are encouraged to review State Farm’s P&C Actuarial Analyst posting, if available.
• Bachelor’s degree in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management or other analytical fields.
• Experience with data and statistical analysis in Excel, SQL, R, and/or Python.
• Strong communication, interpersonal, organization, leadership, problem-solving and critical thinking skills.
• Successful completion of at least three Society of Actuaries or Casualty Actuarial Society exams required. ACAS designation preferred.
• Intention to earn, or maintain the Continuing Education requirements of, the ACAS/FCAS designation.

Candidates selected will be placed into a job level based on overall competitiveness considering work history, educational background, industry knowledge, and ACAS/FCAS exam progress.

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.

Pay

Compensation is based on our standard 38:45-hour work week.

• Potential starting salary range: $110,000 - $165,000. Starting salary will be based on skills, background, experience, passed exams, and ACAS/FCAS designation. High end of the range limited to applicants with significant relevant experience.
• Incentives for successful completion of industry exams (ACAS and FCAS).
• Actuarial Exam support/reimbursements and salary increase for passed exams.
• Potential yearly incentive pay up to 15% of base salary.

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, and more.
• Savings account or financing through our State Farm Federal Credit Union.

Take a Little “You” Time!

• Generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off.
• 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.

Give Back!

• 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.