FBS (Mexico) - US Life Insurance Actuary

Farmers Insurance Careers Mexico; Mexico; On-site; MXN 600,000 - 1,200,000; Full time

Benefits offered by this job

Competitive compensation packages

Performance bonuses

Training and development resources

Job summary

Farmers Insurance in Mexico City seeks an experienced actuary to oversee financial projections for U.S. product liability cashflows. The role emphasizes model development, testing, governance, and collaboration with stakeholders to deliver strategic recommendations aligned with business objectives.

The position requires deep actuarial knowledge, independence in work, and guidance from a people leader while mentoring junior staff.

Qualifications

• High School Diploma or equivalent.
• Bachelors degree preferred but not required.
• ASA or equivalent designation required.
• Two Fellow of the Society of Actuaries (FSA) courses preferred.
• Life insurance industry experience preferred.
• Experience with US statutory regulations or IFRS 17 preferred.

Responsibilities

• Collaborates with stakeholders to resolve complex actuarial issues and provide financial projections.
• Oversees project workflows and ensures timely completion of actuarial work.
• Advocates for improvements to assumption formulas and processes.
• Oversees integration of new products into the financial projection system.
• Mentors less experienced actuarial staff.

Skills

Actuarial modeling

Python

R

SAS

Data interpretation

Education

ASA or equivalent designation

FSA courses

Bachelors preferred

US IFRS 17 preferred

Tools

MG-ALFA

Axis

Profit

Job description

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 us and 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.

Ready to make your mark? Discover Farmers’ vibrant culture and explore career opportunities at www.Farmers.com/careers/corporate.

Job Summary

This position oversees actuarial functions with a focus on financial projections of U.S. product liability cashflows. The role focuses on model development, testing, governance and consistency among various model stakeholders. This position leverages in-depth actuarial knowledge and understanding of the business to solve more complex issues and deliver strategic recommendations that align with business objectives. The position performs work independently while receiving guidance from a direct people leader and guiding more junior staff.

Essential Job Functions

• Collaborates with stakeholders, teams, and other departments to resolve more complex actuarial issues. Guides the preparation of financial projections to enable leadership to assess financial implications and overall impact of business decisions. Accountable for timely and accurate delivery of actuarial deliverables. Interprets data and formulas to extract valuable insights for management. Analyzes operational performance and presents findings and recommendations for optimization. May represent the actuarial department with external stakeholders.
• Independently develops and implements solutions to more complex actuarial issues. Oversees project workflows, provides robust feedback to stakeholders and management, and ensures timely and effective completion of work. Delivers on plans and priorities while guiding projects and/or teams to achieve successful outcomes and business objectives.
• Advocates for improvements to assumption formulas, procedures, and programs. Anticipates the impact of changes and ensures recommendations align with broader business objectives.
• Oversees the integration of new and updated products into financial projection system. Ensures actuarial modeling systems comply with controls and standards including updates for IT, product, and regulatory changes.
• Stays informed about industry trends, emerging actuarial practices, and regulatory changes to contribute effectively to work within team, department, or across departments. Acts as a subject matter specialist to mentor and train less experienced actuarial staff by providing guidance on fundamental actuarial principles and practices. Performs other duties as assigned.
  

Education Requirements

High School Diploma or equivalent is required. Bachelors degree is preferred but not required. Associate of the Society of Actuaries (ASA) or equivalent designation required. Two Fellow of the Society of Actuaries (FSA) courses preferred. Life insurance industry experience preferred. Experience with US statutory regulations or IFRS 17 preferred.

Experience Requirements

• 6+ years of experience working in relevant roles
• Advance experience working with actuarial projection software like MG-ALFA or equivalent (Axis or Profit)
• Experience working with Python, R, SAS or similar
• Strong understanding of actuarial modeling
• Familiarity with U.S. Life/Annuity product designs and features.
• Able to analyze complex data, interpret trends, and develop actuarial models and assumptions.
• Deep understanding on Financial Modeling within Alpha database
  

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

• 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.