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.

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 may change based on business need.

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.

Requirements

• A minimum of 2 years of experience in the field (candidates with less experience are encouraged to review State Farm’s P&C Actuarial Analyst posting).
• 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.
• Eligibility to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g., H-1B visa).

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.

Benefits

• Compensation based on a standard 38:45-hour work week.
• Potential starting salary range: $110,000 - $165,000 (starting salary based on skills, background, experience, passed exams, and ACAS/FCAS designation; high end of range limited to applicants with significant relevant experience).
• Incentives for successful completion of industry exams (ACAS and FCAS), including exam support/reimbursements and salary increases for passed exams.
• Potential yearly incentive pay up to 15% of base salary.
• Get Paid: Annual raise and bonus eligibility.
• Stay Well: Robust health and wellbeing programs; State Farm pays most healthcare premiums with multiple 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 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, free financial coaching, and access to State Farm Federal Credit Union.
• 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, 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 salary.