Actuarial Analyst-Property & Casualty

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State Farm
Analyst, Excel, Management, Microsoft Excel, Programming, Python, Research, SAS, SQL
Full Time, Full Time
Work from home not available Travel not required

Job Description

Requisition ID:


Job Title:

Actuarial Analyst-Property & Casualty

Number of Openings:


Job Category:


Employment Type:

Regular Full-Time




Not Required


Bloomington, IL

Duties and Responsibilities:

*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*

In order to be considered for this posting, plea se complete the application and attach your unofficial transcripts, this is a necessary step in the employment process.

Working at State Farm takes heart. We help customers protect the things that matter most to them. We help them get back on their feet after an accident or disaster. And, we help people plan ahead for the future they want.

As a member of the Property and Casualty Actuarial community you will be challenged and empowered to grow professionally. We are dedicated to helping each of our associates develop to his or her full potential. In order to enable our associates to grow, P&C Actuarial offers a competitive Exam Support program for associates pursuing their actuarial designations.

As an Actuarial Analyst at State Farm you will:

  • Analyze actuarial ratemaking data and model results
  • Prepare actuarial proposals for management
  • Prepare responses to various requests for actuarial information
  • Develop recommendations on rates and rating plans for leadership and implements changes to satisfy the financial objectives of the enterprise
  • Prepare filings for regulatory authorities
  • Conduct actuarial research
  • Conduct and coordinates rate, rule, reserve, and financial needs studies
  • Meet expectations for CAS (Casualty Actuarial Society) exam progress

Key Expectations:

  • Analytical and Technical skills
  • Detail oriented
  • Knowledge of ratemaking methodologies
  • Adaptability to changing environment
  • Strong learning agility
  • Organizational skills including time management and the ability to handle multiple priorities
  • Interpersonal skills
  • Strong written and verbal communication

Competitive Candidates:

  • Must have passed at least 1 CAS/SOA Actuarial Exam (ACAS preferred for experienced actuaries)
  • Minimum GPA of 3.25 cumulative and in major, 3.5 or higher is preferred *Current students MUST attach an unofficial copy of their transcripts when applying
  • Prior internship (P&C preferred for a trainee position) or other ratemaking or similar experience (P&C for experienced actuaries)
  • Proficiency in Microsoft Excel
  • Proficiency in SQL, Python, R, SAS or other programming languages

Incumbency Period:

There is a 12 month promotional and 24 month lateral incumbency period (beginning on the employee's effective date) that must be met before the employee may apply 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.

Total Rewards

We put people first in all we do. As you work hard to give us your best, we-ll return the favor. As a good neighbor, you-ll grow professionally and personally, you-ll get a comprehensive benefits and pay package and opportunities to make real differences in people-s lives.

  • Competitive Salaries, Incentive Plan
  • Pension Retirement Plan 401(k) Savings Plan
  • Health & Welfare Benefits
  • Generous Paid Time off



Company Information

We have one of the largest developer communities in the country, utilizing the latest technologies in Open Source, Rules Engines and Server Oriented Architecture to develop responsive web-based and native mobile applications for both internal and external customers. Our data professionals are able to learn at one of the largest OLAP and Analytical environments in the world. Not to mention, our infrastructure professionals support one of the world's largest private networks with end-to-end connectivity between nearly 150,000 employees, agents, and agent team members at more than 21,000 State Farm locations.
Dice Id : RTL906969
Position Id : 269118

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