Senior Actuarial Analyst (P&C Sharing Economy)

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; Dunwoody, GA; Richardson, TX; Tempe, AZ

Hybrid Work Arrangement: A "Hybrid" position means selected candidates will be assigned to a facility and will spend some time working both in office and from their home. In this position, you should plan to spend time working in the office a minimum of 2 days per week currently and moving to 3 days per week in 2027. Associates are expected to be able to 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.

Responsibilities

As a member of the Property and Casualty Actuarial community, you will be challenged and empowered to grow personally and professionally. We are dedicated to helping each of our associates develop to their full potential.

To enable our associates to grow, P&C Actuarial offers a competitive Exam Support program for associates pursuing their actuarial designations.

Our Sharing Economy team is responsible for adapting to changing consumer preferences and emerging trends in the transportation of both people and goods and the impacts of those trends on our customers’ insurance needs. They collaborate with cross-functional teams—including product, underwriting, claims, and loss reserve teams to translate platform data into pricing recommendations that support profitable program growth of the #1 Property and Casualty insurer in the United States.

Analysts gather and reconcile data from various internal systems and external sources to support actuarial analyses. They assist in building and maintaining tools that drive in-depth loss analysis, actuarial indication, and trend monitoring.

Qualifications

We Are Looking for Candidates With:

• A minimum of 2 years of experience working with or for a gig or sharing economy company.
• 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. ACAS designation preferred.
• Intention to earn, or maintain the Continuing Education requirements of, the ACAS/FCAS designation.

Candidates selected will be placed into a job level based on overall competitiveness considering work history, educational background, industry knowledge, and ACAS/FCAS exam progress.

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: $105,000 - $149,000
  • 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. We provide a 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.
• 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.
• 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.
• 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.