Location US-IL-Bloomington;US-TX-Richardson;US-AZ-Tempe;US-GA-Dunwoody
Job Category Underwriting and Actuarial
Position Type Regular Full Time
Req ID 43358
Overview

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. Come join a #1 team and do some good!

As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.

We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance. Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture. We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more!

Visit our Careers page for more information on our benefits, locations and the process of joining the State Farm team!

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. 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.

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.

Qualifications

• A minimum of 2 years of experience in an actuarial role in Property & Casualty Insurance.
• 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. 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.

*****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*****

Our Benefits

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

• Potential starting salary range: $120,000 - $165,000
• Starting salary will be based on skills, background, experience, and ACAS/FCAS designation.
• High end of the range limited to applicants with significant relevant experience.
• Potential yearly incentive pay up to 15% of base salary

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! On top of our competitive pay, you are eligible for an annual raise and bonus.
• Stay Well! Focus on you and your family’s health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
• Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
• Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
• Take a Little “You” Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the 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, there will be plenty of time for you!
• Give Back! We offer several ways to give back through our 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.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!