Actuarial Analyst

Farmers Insurance Careers

5d • $78,800 - $99,800 • Remote

About The Position

In this position, you will be a part of a team that performs both pricing and reserving analysis for Bristol West Insurance, a high-performing business unit within Farmers Insurance Group focusing on personal and commercial auto insurance.  The role offers a unique opportunity to perform both rate indications and reserving analyses for assigned states and to better appreciate how the two relate to the overall performance of the business.

Requirements

• High school diploma or equivalent required.
• Bachelor’s degree preferred with at least a minor in mathematics or other mathematics-related field.
• Must have passed at least three Casualty Actuarial Society exams.
• Continue educational development in related job field.
• One year in an actuarial role
• Experience using SQL, VBA, SAS or other program.
• 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

Responsibilities

• Analyze Loss and LAE reserves using actuarial reserving methods for assigned states for personal and commercial auto insurance.
• Analyze and recommends revisions in rates and rating plans for assigned states.
• Identify and analyzes trends in the data.
• Perform actuarial analysis required to support rate filings with regulatory authorities.
• Represent the Actuarial Department in discussions with Product, Claims, and IT departments.
• Work with IT in coding changes for tools that support actuarial functions.
• Support the actuarial team through querying of data using SQL and SAS programming languages.
• Automate tasks using VBA.
• Perform calculations for actuarial research and studies to support development of new products.
• Assist in the training and development of professional actuarial personnel as assigned.
• Perform special actuarial projects as assigned.
• Perform other functions as assigned.

Benefits

• Farmers offers a competitive salary commensurate with experience, qualifications and location.
• Salary range will depend on candidate location:  likely range is $78,800-99,800
• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level