Actuary Associate FCAS

Job Description

  
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.

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

 
  
Job Summary 
  

The Actuary Associate FCAS will develop and implement actuarial solutions related to pricing for Transportation Network Company (TNC) and other new products and partnerships.  Additionally explore statistical modeling methodology to improve our pricing accuracy. Analyzes and recommends revisions in rates and rating plans for assigned lines of insurance; performs actuarial analysis and research concerning present and proposed rating plans, proposed or recently enacted legislation and the pricing of new products. 


  
Essential Job Functions 
  

Interact with high profile clients working in new products implementing actuarial solutions for new ventures including Transportation Network Company (TNC). Analyzes and recommends revisions in rates and rating plans for assigned lines of insurance. Performs actuarial analysis and research concerning present and proposed rating plans, proposed or recently enacted legislation affecting the actuarial function, and the pricing of new products. Performs actuarial analysis required to support rate filings with regulatory authorities. 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 assignments requiring professional expertise. Performs actuarial analysis of loss and loss adjustment expense reserves; and performs and analyzes the testing of alternative methodologies needed to reflect changes in operational procedures, legislation and current claims cost trends. 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 of the Casualty Actuarial Society (FCAS). 
  
Experience Requirements 
  
Five years Actuarial experience, including one year as an Associate Actuary, ACAS. 
  
Special Skill Requirement 
  

Prior client-facing interaction experience

Excellent presentation skills

Strategic thought process


  
Farmers is an equal opportunity employer, committed to the strength of a diverse workforce. 
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Schedule: Full-time

Job Posting: 02/15/2020