Bloomington IL

Dunwoody GA

Richardson TX

Tempe AZ

Graduate

Associate

Qualified

Life

Investments

Health

Property & Casualty

Products

Python

Modelling

Data Science

Pricing

Excel

OverviewBeing 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. Come join a #1 team and do some good!ResponsibilitiesAs 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 P&C Actuarial Analysts develop actuarial recommendations for leadership and implement changes to satisfy the financial objectives of the #1 Property and Casualty insurer in the United States.They also develop and apply statistical modeling techniques to solve business problems, conduct research, identify solutions to actuarial problems, and analyze and prepare responses to various actuarial questions/issues.Our P&C Actuarial Analysts serve as valued resources to other State Farm areas, often engaging with business partners across the organization to solve multi-faceted business problems.Qualifications We Are Looking for Candidates With:<ul><li>Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management, or other analytical fields (successful completion of bachelor’s degree prior to start date)</li><li>Minimum GPA of 3.25, GPA of 3.5 or higher preferred (unofficial transcripts required with application)</li><li>Experience with data and statistical analysis in Excel, SQL, R, and/or Python</li><li>Completion of a prior actuarial internship or similar work experience</li><li>Successful completion of at least one Society of Actuaries or Casualty Actuarial Society actuarial exam, two or more exams is preferred</li><li>Intention to earn the ACAS/FCAS designation</li><li>Strong communication, interpersonal, organization, leadership, problem-solving, and critical thinking skills</li></ul>Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization for this opportunity.Incumbency Period:There is a 24-month incumbency period (beginning on the employee's effective date) for any lateral job movements and a 12-month incumbency period for any promotional opportunities, which must be met before the employee may post for other State Farm positions.The incumbency period does not affect the at-will relationship between State Farm and the employee and does not create an employment contract, nor contractual rights.Our BenefitsBecause work-life balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!Potential starting salary range: $XX,XXX - $XXX,XXX. Starting salary will be based on skills, background, and experience. High end of the range limited to applicants with significant relevant experience. Potential yearly incentive pay up to XX% of base salary.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!<ul><li>Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.</li><li>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!</li><li>Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.</li><li>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!</li><li>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!</li><li>Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.</li><li>Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.</li></ul>

OverviewWe are not just offering a job but a meaningful career! Come join our passionate team! As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance. Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture. We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more!Visit our Careers page for more information on our benefits, locations, and the process of joining the State Farm team!P&C ACTUARIAL MISSION & VISIONMission: We relentlessly deliver emerging and highly relevant insights, are valued as collaborative, innovative thought-partners that bring pricing and product expertise to our P&C business and are a highly sought-after destination for top talent.Vision: To be the industry leading actuarial organization providing unrivaled P&C product and pricing expertise to extend State Farm market leadership.Office Location(s): Bloomington, Illinois; Dunwoody, Georgia; Richardson, Texas; Tempe, ArizonaHybrid Work Arrangement: In this position, you should plan to spend time working in the office 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.ResponsibilitiesAn ideal candidate will be able to apply expert knowledge and experience in Actuarial Analysis to make business recommendations for rating plan changes via regulatory filings and actively contributes to shaping pricing and product strategies. As a member of the P&C Actuarial team, you will be challenged and empowered to grow professionally. This unique work environment within the State Farm organization provides a wide array of opportunities to develop and strengthen your leadership skills, from technical acumen to coaching to relationship building. We are dedicated to helping each of our associates develop to his or her full potential. We appreciate your interest in this role.QualificationsWe Are Looking for Candidates With:<ul><li>Bachelor’s Degree or higher in Actuarial Science, Math, Statistics, Data Science, or related field of study.</li><li>Casualty Actuarial Society Designation (minimum ACAS, preferred FCAS).</li><li>2 or more years management/supervisory experience.</li><li>5 or more years of experience in the actuarial field within the P&C insurance industry.</li><li>Working knowledge of insurance regulation and experience with regulatory rate filing communications.</li><li>Experience and knowledge of actuarial rate modeling.</li></ul>

We are not just offering a job but a meaningful career! Come join our passionate team! As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance. Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture. We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more! Join our Community of Good Neighbors!Responsibilities:<ul><li>Drive pricing segmentation strategies and make decisions in support of profitable growth</li><li>Make business recommendations for rating plan changes via regulatory filings</li><li>Contribute to shaping pricing and product strategies</li></ul>Qualifications:<ul><li>Bachelor’s Degree or higher in Actuarial Science, Math, Statistics, Data Science or related field of study</li><li>Casualty Actuarial Society Designation (ACAS or FCAS)</li><li>2 or more years of direct team lead or management experience</li><li>5 or more years of experience in the P&C insurance industry</li><li>Working knowledge of insurance regulation and experience with regulatory rate filing communications</li><li>Experience and knowledge of actuarial rate modeling</li></ul>Work Arrangement:Hybrid work arrangement. Selected candidates will be assigned to a facility and will spend time working both in office and from their home. Office Location: Corporate South, Bloomington, IL, OR State Farm Hubs: Dallas Hub (Richardson, TX), Atlanta Hub (Dunwoody, GA), and Phoenix Hub (Tempe, AZ).**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**What’s In It for You:<ul><li>Competitive pay and bonus potential</li><li>Exceptional 401k Plan</li><li>A Learning Culture: Tuition Reimbursement, Mentoring, Professional Designations, Employee Development, and more!</li><li>Generous Paid Time Off program for work/life balance</li><li>Volunteer opportunities to get involved and give back to your community</li></ul>We fully embrace Diversity and Inclusion at State Farm. We are one team.

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