Senior P&C Actuarial - Actuarial Analyst

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. We're moving with urgency to become a Next Gen Good Neighbor, with technology that strengthens human connections and enhances the customer experience.

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 various 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.

P&C Actuarial offers a competitive Exam Support program for associates pursuing their actuarial designations.

Requirements

• A minimum of 2 years of experience in the field. Candidates with less than 2 years of experience 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.
• 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.

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.

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.

Office Location & Schedule

• Office locations: Bloomington, IL; Dunwoody, GA; Richardson, TX; Tempe, AZ.
• Hybrid work arrangement: Minimum of 2 days per week in the office, moving to 3 days per week in 2027. Associates must be able to travel to and from their assigned office location.

Work arrangements could change over time based on business need.

Pay

• Potential starting salary range: $110,000 - $165,000 (based on a 38:45-hour work week).
• Starting salary determined by 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

• Get Paid! Competitive pay, annual raises, and bonus eligibility.
• Stay Well!
  • State Farm pays most healthcare premiums with multiple plan options, including a high deductible plan.
  • 100% coverage for in-network preventative care.
  • Access to vision, dental, telemedicine, 24/7 mental health professionals, and more.
• Develop and Grow!
  • Educational benefits including training programs, tuition assistance, employee resource groups, and mentoring.
• Plan Ahead!
  • Fertility/IVF/adoption assistance, college coaching, national discount programs, financial workshops, and free financial coaching.
  • Savings account and financing options through State Farm Federal Credit Union.
• Take a Little “You” Time!
  • Generous time off policies: 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 Employee Assistance Fund.
• Finish Strong!
  • 401(k) plan with company contributions of up to 7% of salary and access to free financial advisors.