About this opportunity
State Farm lists this Senior P&C Actuarial Analyst – Sharing Economy opportunity in bloomington, Illinois. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Overview
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(s)
Bloomington, IL; Richardson, TX; Tempe, AZ
Hybrid Work Arrangement:
A “hybrid” position means selected candidates will be assigned to a facility and will work some days in the office and some days from home. In this role, you should plan to work onsite a minimum of 2 days per week currently, increasing to 3 days per week in 2027. Associates are expected to travel to and from their assigned office location as part of the hybrid arrangement. Work arrangements may change over time based on business needs, and your leadership will share additional details about your department’s approach.
*****Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity*****
Responsibilities
As part of the Property and Casualty Actuarial community, you’ll be challenged and empowered to grow both personally and professionally. We’re committed to helping each associate reach their full potential.
To support that growth, P&LC Actuarial offers a competitive Exam Support program for associates pursuing their actuarial designations.
Our Sharing Economy team is responsible for adapting to shifting consumer preferences and emerging trends in the transportation of both people and goods—and evaluating how those trends affect our customers’ insurance needs. The team partners with cross-functional groups, including Product, Underwriting, Claims, and Loss Reserves, to translate platform data into pricing recommendations that support profitable program growth for the #1 Property and Casualty insurer in the United States.
Analysts gather and reconcile data from a variety of internal systems and external sources to support actuarial analyses. They also help build and maintain tools used for in-depth loss analysis, actuarial indications, and ongoing trend monitoring.
Qualifications
We Are Looking for Candidates With:
We’re Looking for Candidates With:
At least 2 years of experience working with or for a gig or sharing economy company
A bachelor’s degree in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management, or another analytical field
Experience with data and statistical analysis in Excel, SQL, R, and/or Python
Strong communication, interpersonal, organizational, leadership, problem-solving, and critical thinking skills
Successful completion of at least three Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) exams (ACAS designation preferred)
Commitment to earn and/or maintain the Continuing Education requirements for the ACAS/FCAS designation
Selected candidates will be placed at the job level best aligned with overall competitiveness, based on work history, educational background, industry knowledge, and ACAS/FCAS exam progress.
***Applicants must be eligible to work lawfully in the U.S. immediately; the employer will not sponsor applicants for U.S. work authorization (e.g., H-1B visa) for this opportunity***
Our Benefits
Because work-life balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!
Potential starting salary range: $110,000 - $165,000
Starting salary and job level (Actuarial Analyst/Sr. Actuarial Analyst/Principal Actuary) will be based on skills, background, CAS exams passed, and relevant experience.
High end of the range limited to applicants with significant relevant experience
Actuarial Exam Support/reimbursements and salary increases for passed exams
Potential yearly incentive pay up to 15% of base salary
Incentives for successful completion of industry exams (ACAS and FCAS)
At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!
Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
Stay Well! Focus on you and your family’s health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
Take a Little “You” Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the 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, there will be plenty of time for you!
Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.
Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!
#J-18808-Ljbffr
Worksite address
bloomington, IL, 61791, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.