FBS (Mexico) - Actuarial Analyst

Farmers Group Inc.; México; On-site; MXN 33,000 - 40,000; Full time

Benefits offered by this job

Competitive compensation

Bonuses

Training & development

Job summary

Farmers Group Inc. in Mexico is seeking an Actuarial Analyst to support actuarial reserving activities, data preparation, dashboard maintenance, and reserve reporting for assigned lines of business.

You will contribute to monthly and quarterly reserve processes, validate data accuracy, and participate in special actuarial projects while collaborating with the actuarial team. This entry‑level role requires a quantitative degree and strong analytical skills, with opportunities for actuarial

Qualifications

• Bachelor's degree in actuarial science or related quantitative field.
• Experience in actuarial, analytical, reporting or data-focused roles (1–3 years).
• Strong analytical and problem-solving skills.
• Ability to work with large datasets and validate data accuracy.

Responsibilities

• Refresh, maintain, and update actuarial dashboards and reporting tools.
• Perform data reconciliation and validation to ensure reporting accuracy.
• Support monthly booking of IBNR reserves for assigned lines of business.
• Prepare data and populate templates for quarterly reserve reviews.
• Assist with reserve analyses for assigned insurance lines.
• Partner with actuarial team members to support recurring reporting processes.
• Participate in special actuarial projects and ad hoc analyses.
• Identify opportunities to improve reporting efficiency and data quality.

Skills

Actuarial Reserving (Entry Level)

IBNR concepts

Data analysis

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Computer Science, or a related quantitative field

Tools

SQL (Entry Level)

R (Entry Level)

VBA (Entry Level)

Microsoft Excel

Job description

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FBS (Mexico) - Actuarial Analyst

36550

Farmers– where ambition meets opportunity.

Farmers is known for more than its unforgettable jingle – it’s a team with a passion for purpose and making a real difference in people’s lives. Farmers employees deliver peace of mind when it matters most. The organization’s results-driven, high-performance culture thrives on creativity, accountability and bold solutions. Here, growth isn’t just a goal – it’s a way of life for both the organization and every individual on the team. Farmers employees tackle challenges head‑on, learn from every experience and measure their impact on the customers who trust them.

Join usand help power the success of Farmers. As a team member, you’ll collaborate with Farmers’ award‑winning workforce, benefit from a culture of innovation and support and contribute to their mission of delivering protection and peace of mind to millions of U.S. customers.

The Actuarial Reserving team supports commercial insurance lines by preparing reserve analyses, maintaining actuarial reporting processes, and supporting financial forecasting activities through accurate reserve calculations and data validation.

The Actuarial Analyst will support actuarial reserving activities through data preparation, dashboard maintenance, reserve reporting, and analysis of assigned lines of business. This role will contribute to monthly and quarterly reserve processes, ensure data accuracy through reconciliation and validation activities, and assist with special actuarial projects as needed.

Essential Job Functions

• Refresh, maintain, and update actuarial dashboards and reporting tools.
• Perform data reconciliation and validation to ensure reporting accuracy.
• Support monthly booking of Incurred But Not Reported (IBNR) reserves for assigned lines of business.
• Prepare data and populate standardized templates for quarterly reserve reviews.
• Assist with reserve analyses for assigned insurance lines.
• Partner with actuarial team members to support recurring reporting processes.
• Participate in special actuarial projects and ad hoc analyses.
• Identify opportunities to improve reporting efficiency and data quality.

Minimum Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Computer Science, or a related quantitative field.
• 1-3 years of experience across actuarial, analytical, reporting, and/or data-focused roles, with exposure to a combination of these areas.
• Strong analytical and problem‑solving skills.
• Ability to work with large datasets and validate data accuracy.

Preferred Qualifications

• Progress toward actuarial certification or completion of actuarial exams.
• Insurance or actuarial reserving experience
• Experience supporting reserve analyses or financial reporting processes.

Critical Skills

Actuarial Skills

• Actuarial Reserving (Entry Level)
• IBNR concepts and reserve analysis exposure
• Data analysis and validation

Technical Skills

• SQL (Entry Level)
• R (Entry Level)
• VBA (Entry Level)
• Microsoft Office Suite (particularly Excel)

Benefits

This position offers a competitive compensation and benefits package designed to support your wellbeing, growth, and work–life balance. While specific benefits may vary by country and employee level, offerings generally include competitive salary opportunities, performance‑based bonuses, comprehensive benefits, and ongoing training and development resources.

Important Hiring Conditions and Disclosures

By applying for this position, candidates acknowledge and agree that:

Personal Data Processing: The personal data provided during the recruitment and selection process will be collected, processed, and retained for legitimate recruitment and compliance purposes, in accordance with applicable data protection and privacy laws and FBS internal policies.

Legal Authorization to Work: Employment with FBS is conditional upon the candidate having valid, local legal authorization to work in the country where the role is based at the time of hire. FBS does not sponsor or obtain work authorization unless explicitly stated.

Exclusivity of Employment and Conflict of Interest: Upon acceptance of an offer and during employment with FBS, employees will not be permitted to engage in parallel employment, professional activities, or paid work for other entities. Any ownership, partnership, directorship, or participation in other businesses or companies must be fully disclosed and formally reviewed in accordance with FBS internal conflict‑of‑interest and external engagement policies prior to the start date or as soon as such circumstances arise.

Failure to comply with these conditions may impact the hiring decision or employment continuation.

About Farmers Insurance

Farmers Insurance® and Farmers® are tradenames for a group of insurers providing insurance for automobiles, homes and small businesses and a wide range of other insurance and financial services products. Farmers Insurance Exchange, the largest of the three primary insurers that make up Farmers Insurance, is recognized as one of the largest U.S. companies on the 2025 Fortune 500 list. For more information about Farmers Insurance, visit Farmers.com.