State Farm - Bloomington, IL

posted 4 months ago

Full-time - Mid Level
Bloomington, IL
11-50 employees
Insurance Carriers and Related Activities

About the position

As an Experienced Property & Casualty Actuarial Analyst at State Farm, you will be joining a passionate team within a Fortune 50 company that is a leader in the insurance and financial services industry. This role is not just a job; it is a meaningful career where you will be challenged and empowered to grow both personally and professionally. The company values diversity and inclusion, ensuring a workforce that is engaged and builds on the strengths and talents of all associates, fostering a Good Neighbor culture. In this position, you will be responsible for developing actuarial recommendations for leadership and implementing changes to meet the financial objectives of the #1 Auto and Homeowners insurer in the United States. You will utilize statistical modeling techniques to solve business problems, conduct research, and analyze various actuarial questions and issues. As a P&C Actuarial Analyst, you will serve as a valuable resource to other areas within State Farm, often collaborating with business partners across the organization to address complex business challenges. The role requires a minimum of 3 years of experience in the actuarial field, along with a bachelor's degree in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management, or other analytical fields. You will also need to have experience with data and statistical analysis using tools such as Excel, SQL, R, and/or Python. Strong communication, interpersonal, organizational, leadership, and critical thinking skills are essential for success in this role. Additionally, successful completion of at least three Society of Actuaries or Casualty Actuarial Society exams is required, with an ACAS designation preferred. Candidates will be placed into a job level based on their overall competitiveness, considering work history, educational background, industry knowledge, and exam progress.

Responsibilities

  • Develop actuarial recommendations for leadership.
  • Implement changes to meet financial objectives.
  • Utilize statistical modeling techniques to solve business problems.
  • Conduct research and analyze various actuarial questions and issues.
  • Engage with business partners across the organization to solve complex business problems.

Requirements

  • A minimum of 3 years of experience in the actuarial field.
  • 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, 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 Continuing Education requirements of the ACAS/FCAS designation.

Nice-to-haves

  • Experience with cutting-edge technologies and business models.

Benefits

  • Competitive pay and annual bonus potential.
  • Incentives for successful completion of industry exams (ACAS and FCAS).
  • A competitive 401k plan.
  • Volunteer opportunities to give back to the community.
  • Mentoring and tuition reimbursement programs.
  • A learning culture that promotes professional development.
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