Actuarial Analyst - Pricing

Farmers Group Inc.; Northern (KY); Hybrid; USD 67,000 - 123,000; Full time

Benefits offered by this job

401(k)

Medical

Vision

Health Savings and Flexible Spending

Job summary

Farmers Insurance Group seeks an actuarial professional to prepare rate analyses and rating plans for personal lines and support regulatory filings. The role involves developing formal recommendations, assisting in staff training, and performing IBNR loss reserve calculations across assigned lines.

The ideal candidate has one year as an Actuarial Assistant, experience with VBA, R, SQL, and Python, and a math-focused degree with CAS exam progress.

Qualifications

• High school diploma or equivalent.
• Bachelor’s degree preferred with a minor in mathematics, and passed two Casualty Actuarial Society exams.
• Continue educational development in related job field.

Responsibilities

• Develops and prepares actuarial analysis of rates and rating plans for assigned lines of insurance; prepares formal recommendations concerning changes in rates and rating plans based on such analyses.
• Prepares correspondence and required exhibits in connection with regulatory filings, including necessary follow-up when such filings are questioned, challenged or otherwise not promptly approved as submitted.
• Assists in the training and development of professional actuarial personnel as assigned. Performs special actuarial projects as assigned.
• Performs calculations for the establishment of IBNR (incurred but not reported) loss reserves for assigned lines of insurance. Performs other functions as assigned.

Skills

Actuarial analysis

VBA

R

SQL

Python

Education

High school diploma

Bachelor’s degree with maths minor

Casualty Actuarial Society exams (2+)

Job description

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36237

We are Farmers – where ambition meets opportunity.

At Farmers, we’re not just known for unforgettable jingle – we’re a team with a passion for purpose and making a real difference in people’s lives. We deliver peace of mind when it matters most. Our 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 our team. We tackle challenges head-on, learn from every experience and measure our impact on the customers who trust us.

Join an award-winning, equal opportunity employer, where you’ll find more than a job – you’ll find a supportive community. Enjoy competitive benefits, take part in meaningful volunteer projects, and help shape the future alongside talented colleagues across all backgrounds. At Farmers, helping others is at the heart of what we do.

Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.

Job Summary

• Prepares actuarial analysis of rates and rating plans for personal lines - home.

Essential Job Functions

• Develops and prepares actuarial analysis of rates and rating plans for assigned lines of insurance; prepares formal recommendations concerning changes in rates and rating plans based on such analyses.
• Prepares correspondence and required exhibits in connection with regulatory filings, including necessary follow-up when such filings are questioned, challenged or otherwise not promptly approved as submitted.
• Assists in the training and development of professional actuarial personnel as assigned. Performs special actuarial projects as assigned.
• Performs calculations for the establishment of IBNR (incurred but not reported) loss reserves for assigned lines of insurance. Performs other functions as assigned.

Physical Actions

• Required job duties are essentially sedentary work consisting of occasional walking, standing and lifting and/or carrying 10 lbs. maximum. Functional ability of seeing, hearing, and speaking is required.

Education Requirements

• High school diploma or equivalent required.
• Bachelor’s degree preferred with at least a minor in mathematics, and passed two Casualty Actuarial Society exams.
• Continue educational development in related job field.

Experience Requirements

• One year as an Actuarial Assistant.
• Actuarial pricing experience preferred
• VBA experience preferred
• R, SQL or Pyton preferred
• Farmers offers a competitive salary commensurate with experience, qualifications and location.
• o CA Only: $72,300 - $123,090
• o CO & ME:$67,950 - $106,040
• o HI/IL/MN/VT Only:$67,950 - $113,520
• o MA Only:$67,950 - $113,520
• o MD & VA:$67,950 - $113,520
• o DC/NJ/NY/OH Only: $67,950 - $123,090
• o Albany County, NY/Cleveland, OH: $72,300 - $106,040
• o WA Only: $80,168 - $129,000
• Bonus Opportunity (based on Company and Individual Performance)
• 401(k)
• Medical
• Vision
• Health Savings and Flexible Spending Accounts

Farmers will consider for employment all qualified applicants, including those with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance or other applicable law. Pursuant to 18 U.S.C. Section 1033, Farmers is prohibited from employing any individual who has been convicted of any criminal felony involving dishonesty or a breach of trust without prior written consent from the state Department of Insurance.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Farmers is an Equal Opportunity Employer and does not discriminate in any employer/employee relations based on race, color, religion, gender, sexual orientation, gender expression, genetic information, national origin, age, disability, marital status, military and veteran's status, or any other basis protected by applicable discrimination laws.