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Assumptions Actuary (ASA)

13762

We are Farmers!

We are… more than just your favorite commercials. We are a passionate, award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn’t just our business – it’s our culture! We are Farmers!

 

Do you thrive in a high-volume, fast-paced environment? Do you enjoy the challenge of a position where no two days are alike? We are looking for positive, high-energy professionals who are not just looking for a job, but a meaningful career!

 

Job Summary

  • Develops, proposes, and supports the implementation of actuarial assumptions.  
  • Provides actuarial analysis and insight into broader organizational strategic monitoring and decisioning.

Essential Job Functions

All the duties of an Actuarial Assistant plus the following: 
•    Works independently to develop and implement appropriate solutions to actuarial issues. 
•    Initiates, organizes, directs, and analyzes actuarial research and experience studies and develops and recommends actuarial assumptions and extensions to programs and procedures. 
•    Acts as project lead, where assigned, assigning project work, managing workflow, and providing feedback to management regarding progress, problems encountered and solutions implemented to complete the project on schedule.
•    Coordinates and/or participates in cross-functional committees where assigned to address actuarial and corporate issues and represent the Actuarial function. 
•    Initiates coordination with other departments in the preparation of management reports and the resolution of cross-departmental issues. 
•    Exhibits a strong controls mindset, ensuring proper reviews and documentation are in place.  Interacts with internal and external risk partners to evidence controls and partner to generate improvements.
•    Develops, maintains, audits, and changes programs and data bases needed to perform periodic and annual assumption reviews and analysis. 
•    Performs other duties as assigned.
 

Physical Actions

Required job duties are essentially sedentary work consisting of occasional walking, standing and lifting and/or carrying 10-lbs. maximum and seeing.

Physical Environment

Required job duties are normally performed in a climate- controlled office environment.

Education Requirements

  • High school diploma or equivalent required.
  • Bachelor’s degree preferred.
  • Associate of the Society of Actuaries.

Experience Requirements

Four years of actuarial experience including one year as an Actuarial Assistant or the equivalent.

Special Skill Requirement

  • Advanced level knowledge of spreadsheet, database and actuarial projections software.  
  • Intermediate level knowledge of data science techniques, or a keen interest and willingness to learn.

Benefits

  • Farmers offers a competitive salary commensurate with experience, qualifications and location
  • CO Only: The pay range for this job being performed in CO would be $82,800 - $110,200
  • 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/

 

Job Location(s): US - RW - Remote Work - Farmers

Want to learn more about our culture & opportunities? Check out farmers.com/careers and be sure to follow us on Instagram and LinkedIn!

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