Farmers Insurance Careers

Assistant Actuary FCAS

Woodland Hills, California
Strategic Management & Administration


Job Description

Requisition ID: 180007OH
  
We are Farmers! 
  
Join a team of diverse professionals at Farmers to acquire skills on the job and apply your learned knowledge to future roles at Farmers. Farmers Insurance also offers extensive training opportunities through the award winning University of Farmers named by Training magazine amongst top 10 corporate training units in the world. Start your career at Farmers today! 
  
Job Summary 
  
  • Performs actuarial analysis and coordinates recommendations for revisions in rates and rating plans for assigned lines of insurance; analyzes proposed rating and classification plans for new products; designs new and revised statistical reports needed for actuarial analysis of new products and in-force business. 
  
Essential Job Functions 
  
  • Performs actuarial analysis and coordination of recommendations for revisions in rates and rating plans for assigned lines of insurance.
  • Coordinates and prepares rate filings and supporting technical exhibits for submission with regulatory authorities; coordinates and develops responses to insurance department questions concerning rate filings.
  • Designs new and revised computer developed statistical reports needed to perform actuarial analysis of rating and classification structures.
  • Performs actuarial analysis of proposed or recently enacted legislation. Represents
  • Actuarial Department through participation in inter- departmental meetings and discussions with other Home Office departments and regional personnel.
  • Assists in the training and development of professional actuarial personnel as assigned.
  • Performs special actuarial projects as assigned. Performs actuarial analysis of loss and loss adjustment expense reserves; performs and analyzes the testing of alternative methodologies needed to reflect changes in operational procedures, legislation and current claims cost trends.
  • Represents the Actuarial Department in working with outside actuaries who are auditing the loss reserve function; coordinates assembly of data for their review and answers questions concerning methodology and assumptions.
  • 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 in a climate controlled office environment, with occasional travel by car or airplane. 
  
Education Requirements 
  
Fellow in the Casualty Actuarial Society (FCAS). 
  
Experience Requirements 
  
  • Five years Actuarial experience, including one year as an Assistant or Associate Actuary.
  • Continue educational development in related job field. 
  
Special Skill Requirement 
 
  • Expert knowledge of SAS, VBA, Excel, Access and basic programming experience.
  • Management/leadership experience
  
Farmers is an equal opportunity employer, committed to the strength of a diverse workforce. ]]>
Schedule: Full-time

Job Posting: 10/09/2018