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Actuarial Analyst

33372

We are Farmers – where ambition meets opportunity.

 

At Farmers, we’re not just known for unforgettable jingle – we’re a team with a passion for purpose and making a real difference in people’s lives. We deliver peace of mind when it matters most. Our results-driven, high-performance culture thrives on creativity, accountability and bold solutions. Here, growth isn’t just a goal – it’s a way of life for both the organization and every individual on our team. We tackle challenges head-on, learn from every experience and measure our impact on the customers who trust us.

 

Join an award-winning,  equal opportunity employer, where you’ll find more than a job – you’ll find a supportive community. Enjoy competitive benefits, take part in meaningful volunteer projects, and help shape the future alongside talented colleagues across all backgrounds. At Farmers, helping others is at the heart of what we do.

 

Ready to make your mark? Discover our vibrant culture and explore career opportunities at www.Farmers.com/careers/corporate. Connect with us on Instagram, LinkedIn and TikTok, and let’s build something incredible together!

 

Workplace: Most likely a remote position unless candidate is located by a corporate office (for example:  Dayton, OH / Grand Rapids, MI / Hartford, CT / Warwick, RI, etc.)

About the role...

In this position, you will be a part of a team that performs both pricing and reserving analysis for Bristol West Insurance, a high-performing business unit within Farmers Insurance Group focusing on personal and commercial auto insurance.  The role offers a unique opportunity to perform both rate indications and reserving analyses for assigned states and to better appreciate how the two relate to the overall performance of the business.

What you'll accomplish...

•    Analyze Loss and LAE reserves using actuarial reserving methods for assigned states for personal and commercial auto insurance.
•    Analyze and recommends revisions in rates and rating plans for assigned states.
•    Identify and analyzes trends in the data.
•    Perform actuarial analysis required to support rate filings with regulatory authorities.
•    Represent the Actuarial Department in discussions with Product, Claims, and IT departments.  
•    Work with IT in coding changes for tools that support actuarial functions.
•    Support the actuarial team through querying of data using SQL and SAS programming languages.
•    Automate tasks using VBA.
•    Perform calculations for actuarial research and studies to support development of new products.
•    Assist in the training and development of professional actuarial personnel as assigned.
•    Perform special actuarial projects as assigned.
•    Perform other functions as assigned.

Physical actions...

  • Required job duties are essentially sedentary work consisting of occasional walking, standing and lifting and/or carrying 10 lbs. maximum.
  • Functional ability of seeing, hearing, and speaking is required.

Education needed...

  • High school diploma or equivalent required.
  • Bachelor’s degree preferred with at least a minor in mathematics or other mathematics-related field.
  • Must have passed at least three Casualty Actuarial Society exams.
  • Continue educational development in related job field.

Experience needed...

  • One year in an actuarial role

Special Skill needed...

  • Experience using SQL, VBA, SAS or other program.
  • Strong verbal and written communication skills.
  • Demonstrated ability to secure 'buy-in' and convince others regarding best approach.
  • Goal oriented team player with a positive attitude.
  • Excellent time management skills.
  • Strong relationship building

Benefits

  • Farmers offers a competitive salary commensurate with experience, qualifications and location.
    o Salary range will depend on candidate location:  likely range is $78,800-99,800
  • Bonus Opportunity (based on Company and Individual Performance)
  • 401(k)
  • Medical
  • Dental
  • Vision
  • Health Savings and Flexible Spending Accounts
  • Life Insurance
  • Paid Time Off
  • Paid Parental Leave
  • Tuition Assistance
  • For more information, review “What we offer” on https://www.farmers.com/careers/corporate/#offer

 

Job Location(s): R_US - United States

 

Anticipated application deadline: At Farmers, the recruitment process is designed to ensure that we find the best talent to join our team. As part of this process, we typically close open positions within 8 to 21 days after posting. If you are interested in any of our open positions, we encourage you to submit your application promptly.

 

Farmers will consider for employment all qualified applicants, including those with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance or other applicable law.  Pursuant to 18 U.S.C. Section 1033, Farmers is prohibited from employing any individual who has been convicted of any criminal felony involving dishonesty or a breach of trust without prior written consent from the state Department of Insurance.

 

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

 

Farmers is an Equal Opportunity Employer and does not discriminate in any employer/employee relations based on race, color, religion, gender, sexual orientation, gender expression, genetic information, national origin, age, disability, marital status, military and veteran's status, or any other basis protected by applicable discrimination laws. 

 

Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.

 

Spokane, WA only:  Residents who prefer not to provide their address click here to submit your resume via email: careers@farmers.com

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