Actuarial Analyst - Commercial Lines Pricing
About The Position
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: Hybrid ( #LI-Hybrid ), Remote ( #LI-Remote ) Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.Job Summary Prepares actuarial analysis of rates and rating plans for assigned lines of insurance.
Requirements
- High school diploma or equivalent required.
- Bachelor’s degree preferred with at least a minor in mathematics, and passed three Casualty Actuarial Society exams.
- Continue educational development in related job field.
- One year as an Actuarial Assistant or equivalent.
Responsibilities
- Develops and prepares actuarial analysis of rates and rating plans for assigned lines of insurance; prepares formal recommendations concerning changes in rates and rating plans based on such analyses.
- Prepares correspondence and required exhibits in connection with regulatory filings, including necessary follow-up when such filings are questioned, challenged or otherwise not promptly approved as submitted.
- Assists in the training and development of professional actuarial personnel as assigned. Performs special actuarial projects as assigned.
- Performs calculations for the establishment of IBNR (incurred but not reported) loss reserves for assigned lines of insurance. Performs other functions as assigned.
Benefits
- Farmers offers a competitive salary commensurate with experience, qualifications and location.o CA Only: $72,300 - $123,090o CO Only: $67,950 - $106,040 o HI/IL/MN/VT Only: $67,950 - $113,520o MA Only: $67,950 - $113,520 o MD Only: $67,950 - $113,520o DC/NJ/NY/OH Only: $67,950 - $123,090 o Albany County, NY/Cleveland, OH: $72,300 - $106,040 o WA Only: $80,168 - $129,000
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
101-250 employees
