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Staff Actuary - FCAS

27314

We are Farmers!

We are… more than just your favorite commercials.  At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow through discomfort. We see setbacks as opportunities while continuously asking ourselves how we impact our customers.

Farmers is an 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!  To learn more about our high-performance culture and open opportunities, check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.

Workplace: Remote ( #LI-Remote )

About the role...

This is a people leadership role, reporting to the Head of Countrywide Product and Actuarial for Bristol West. This role is responsible for the reserving, forecasting, and pricing for a geographic region, performing hands-on analysis of assigned states, as well as guiding direct reports through similar analyses for their assigned states. Bristol West is a growing and profitable business unit within the Farmers Insurance enterprise. We specialize in nonstandard personal auto and light local monoline commercial auto. The two lines of business combined are just under $3 billion in gross written premium. We have a data driven, dynamic, and results-focused culture and the actuarial team is a key strategic partner in helping the leadership and product teams deliver on our financial objectives.

What you'll accomplish...

•   Conducts quarterly reserving, forecasting, and rate indication analyses for assigned states
•   Oversees direct reports’ reserving, forecasting, and rate indication analyses
•   Interacts with Claims, Product, and other key business partners, as well as monitors economic and industry data to better understand trends and pattern changes in the data
•   Helps Bristol West leadership and the product team manage the loss ratio and make rate decisions that will contribute to achieving our financial objectives
•   Performs other supporting analyses. Examples include CAT loads, Seasonality, Tail Analysis, Expected vs Actual, Credibility Standards, and diagnosis of unusual results or data patterns
•   Identifies and implements opportunities for improving the efficiency or accuracy of our processes, methodologies, and diagnostic reports
•   Performs 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.

Physical environment...

Required job duties are normally performed at home or in a climate controlled office environment, with occasional travel by car or airplane.

Education needed...

Bachelor's degree required.
Fellow in the Casualty Actuarial Society (FCAS).

Experience needed...

Eight years Actuarial experience, including two years as an Associate or Assistant Actuary.

Special skills needed...

Experience in any of the following: Excel, VBA, SAS, SQL, Python, R.
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 CA Only: $149,120 - $237,600
o CO Only: $139,840 - $205,040
o HI Only: $139,840 - $219,340
o IL/MN/VT Only: $139,840 - $219,340
o MD Only: $139,840 - $219,340
o NY/DC/Jersey City Only: $139,840 - $237,600
o Albany County: $149,120 - $205,040
o WA Only: $139,840 - $249,250
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.

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.

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