P&C Actuarial Analyst

State Farm•Bloomington, IL

97d•Hybrid

About The Position

As a member of State Farm’s Property and Casualty Actuarial community, the P&C Actuarial Analyst develops actuarial recommendations for leadership and implements changes to support the financial objectives of the company. Analysts develop and apply statistical modeling techniques to solve business problems, conduct research, identify solutions to actuarial problems, and analyze and prepare responses to actuarial questions and issues. They also serve as resources to other State Farm areas and work with business partners across the organization to address multifaceted business problems. State Farm offers an actuarial exam support program to help associates pursuing actuarial designations. The position is based in Bloomington, Illinois; Richardson, Texas; or Tempe, Arizona, with a hybrid arrangement requiring at least two days per week in the office, increasing to three days in 2027. Applicants must be eligible to work lawfully in the United States immediately; State Farm will not sponsor work authorization for this opportunity. Applicants must submit a resume and, for recent graduates, a transcript (an unofficial copy is accepted) together as one document.

Requirements

Bachelor’s degree in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management, or another analytical field completed before the start date.
Minimum GPA of 3.25; unofficial transcript required with the application.
Experience with data and statistical analysis using Excel, SQL, R, and/or Python.
Prior actuarial internship or similar work experience.
At least one Society of Actuaries or Casualty Actuarial Society exam completed.
Intention to earn the ACAS or FCAS designation.
Strong communication, interpersonal, organizational, leadership, problem-solving, and critical-thinking skills.
Eligible to lawfully work in the U.S. immediately; employer sponsorship for work authorization is not available.
Submit a resume and, for recent graduates, a transcript as one combined document with the application.

Nice To Haves

GPA of 3.5 or higher.
Two or more actuarial exams completed.
Experience delivering multiple projects on time and with quality.
Ability to collaborate with peers, managers, and stakeholders to define project scope and deliver shared outcomes.
Ability to work with ambiguity and develop recommendations aligned with department and enterprise goals.

Responsibilities

Develop actuarial recommendations for leadership and implement changes to meet financial objectives.
Develop and apply statistical modeling techniques to solve business problems.
Conduct research and identify solutions to actuarial problems.
Analyze and prepare responses to actuarial questions and issues.
Serve as a resource to other State Farm areas and work with business partners to solve multifaceted business problems.

Benefits

Actuarial exam support and reimbursements, with salary increases for passed exams.
Potential yearly incentive pay up to 15% of base salary.
Incentives for successful completion of ACAS and FCAS exams.
Annual raise and bonus eligibility.
Health and wellbeing programs, with State Farm paying most of the healthcare premium and offering multiple health plan options.
Vision, dental, telemedicine, and access to 24/7 mental health professionals.
Training programs, tuition assistance, employee resource groups, and mentoring.
Fertility, IVF, and adoption assistance; college coaching; national discount programs; financial workshops and coaching.
Paid time off, initially up to 20 days annually, plus parental leave, paid holidays, celebration day, life leave, bereavement leave, and community service and education support days.
Matching Gift Program, Good Neighbor Grant Program, and Employee Assistance Fund.
401(k) plan with company contributions of up to 7% of salary and access to free financial advisors.