Senior Actuarial Analyst - Loss Reserves

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!

Office Location: Bloomington, IL; Dunwoody, GA; Richardson, TX

Work Arrangement: Hybrid

• In this position, you should plan to spend time working in the office each week and remotely (with the ability for same day 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*****

Join our Loss Reserves team within the Financial Operations department, where you will be responsible for conducting Property & Casualty (P&C) loss and expense evaluations across assigned product lines, coverages, and/or companies. You will apply both traditional and innovative loss reserving techniques and methods. Areas of focus may include auto, fire, personal, and/or commercial lines of business.
As a Loss Reserving Actuary, you will leverage your industry knowledge and technical skills to address complex business problems. Your role will involve conducting research, identifying solutions to actuarial challenges, analyzing responses to various actuarial questions and issues, and communicating results, assumptions, and expectations effectively. You will serve as a valued resource, collaborating with business partners across the organization, including Claims, Pricing, and Financial Reporting teams, to resolve multifaceted business challenges.
We are seeking an experienced Loss Reserving Actuary to join our expanding team of Actuarial Analysts. In this role, you will contribute your industry expertise and business acumen as we enhance our P&C reserving approach. For candidates with prior leadership experience, responsibilities may include supervising Actuarial Analysts.

We Are Looking for Candidates With:

* A minimum of 4 years of experience in an actuarial role, preferably with P&C loss reserving responsibilities.
* A Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Science, Computer Science, Information Management, or other analytical fields.
* Proficiency in data and statistical analysis using tools such as Excel, SQL, R, and/or Python.
* Strong communication, interpersonal, organizational, leadership, and critical thinking skills.
* Successful completion of at least four Casualty Actuarial Society exams is required. ACAS or FCAS designation is highly preferred.
* An intention to earn or maintain the Continuing Education requirements for 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.

*****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*****

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: $95,000 - $175,000
  • Starting salary will be based on CAS exam progress, skills, background, and experience
  • High end of the range limited to applicants with significant relevant experience
• Potential yearly incentive pay up to 15% of base salary
  • Actuarial Exam Support/reimbursements and salary increases for passed exams.

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!

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