Senior Actuarial Analyst - Loss Reserving

State Farm•Bloomington, IL

1d•Hybrid

About The Position

Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. We're moving with urgency to become a Next Gen Good Neighbor, with technology that strengthens human connections and enhances the customer experience. As an employee, you'll spend less time navigating systems and more time applying judgment, empathy, and expertise in the moments that matter most. Office Location: Bloomington, IL - Corporate Headquarters Hybrid Work Arrangement: In this position, you should plan to spend time working in the office (two days) each week and remotely (with the ability for same day travel to and from your assigned office location) as part of a hybrid work arrangement. Work arrangements could change over time based on business need. Your manager will share additional information regarding your department’s approach and what it means for you. Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for current or future U.S. work authorization (e.g. H-1B visa) for this opportunity

Requirements

A minimum of 4 years of experience in an actuarial role; preferably, with P&C Loss Reserving responsibilities.
Bachelor’s degree in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management or other analytical fields.
Experience with data and statistical analysis in Excel, SQL, R, and/or Python
Strong communication, interpersonal, organization, leadership, problem-solving and critical thinking skills
Successful completion of at least three Society of Actuaries or Casualty Actuarial Society exams required.
Intention to earn, or maintain the Continuing Education requirements of, the ACAS/FCAS designation.
Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for current or future U.S. work authorization (e.g. H-1B visa) for this opportunity

Nice To Haves

ACAS/FCAS designation preferred.

Responsibilities

Completing Property & Casualty loss and expense evaluations for assigned product lines, coverages, and/or companies applying both traditional and innovative loss reserving techniques and methods.
Using industry knowledge and technical skills to solve business problems.
Conducting research.
Identifying solutions to actuarial problems.
Analyzing and preparing responses to various actuarial questions/issues.
Serving as valued resources to other State Farm areas.
Engaging with business partners across the organization, including Claims, Pricing, and Financial Reporting teams, to solve multi-faceted business problems.

Benefits

Compensation is based on our standard 38:45-hour work week!
Potential starting salary range: $110,000 - $175,000
Starting salary will be based on skills, background, CAS exams passed, and relevant experience
High end of the range limited to applicants with significant relevant experience
Potential yearly incentive pay up to 15% of base salary
Annual raise and bonus.
Robust health and wellbeing programs.
State Farm pays most of your healthcare premium.
Multiple healthcare plan options, including a high deductible plan.
All medical plans provide 100% coverage for in-network preventative care.
Access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
Educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
Fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more.
Opportunity to start a savings account or consider financing through our State Farm Federal Credit Union!
Generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off.
Opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days.
Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.