Property & Casualty Actuarial Analyst

Property & Casualty Actuarial Analyst

US-IL-Bloomington

Job ID : 2024-38046

Type : Regular Full Time

of Openings : 10

Category : Underwriting and Actuarial

Bloomington, IL

Overview

We are not just offering a job but a meaningful career! Come join our passionate team!

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. Your manager will share additional information regarding your department's approach and what it means for you.

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 Auto and Homeowners 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.

The following must be attached to candidate's application at the time of submission -please attach both of the following as one combined document under the resume section :

• Resume
• Transcript for recent graduates (unofficial copy accepted)

Qualifications

We Are Looking for Candidates With :

• Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management, or other analytical fields (successful completion of bachelor's degree prior to start date)
• A minimum GPA of 3.25, though a GPA above 3.5 is preferred (unofficial transcripts required with application)
• Experience with data and statistical analysis in Excel, SQL, R, and / or Python
• Completion of a prior actuarial internship or similar work experience. Candidates with industry experience totaling more than 3 years are encouraged to review State Farm's Property & Casualty - Senior Actuarial Analyst posting, if available.
• Successful completion of at least one Society of Actuaries or Casualty Actuarial Society actuarial exam, though completion of two or more exams is preferred
• Intention to earn the ACAS / FCAS designation
• Strong communication, interpersonal, organization, leadership, and critical thinking skills

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.

What's In It For You

• Competitive pay and annual bonus potential
• Incentives for successful completion of industry exams (ACAS and FCAS)
• A competitive 401k plan
• Volunteer opportunities : Get involved and give back to the community!
• Opportunities to work with cutting edge technologies and business models
• A learning culture that includes Mentoring, Tuition Reimbursement, and more
• A company that embraces Diversity and Inclusion : We are one team and it is simply the right thing to do!

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

Please see job description

PI249377973