Competitive Intelligence (Retirement & Wealth Specialist)

State Farm; Illinois; Hybrid; USD 100,000 - 135,000; Full time

Job summary

State Farm seeks an Analyst for the Product Intelligence team, responsible for supporting investment planning services through data analysis and competitive insights. The role requires a strong understanding of financial products and effective communication skills to portray analytical results. Join our mission of being good neighbors while growing in your career!

Benefits

Health and wellbeing programs

Educational benefits for training and tuition assistance

Generous time off policies

401(k) with company contributions

Potential yearly incentive pay up to 15%

Qualifications

• Strong knowledge of Investment Planning Services products is required.
• Ability to articulate presentations effectively to leadership teams.
• Willing to work independently and take initiatives in projects.

Responsibilities

• Lead in-depth analysis of IPS product intelligence and competitive landscape.
• Communicate analysis results to executive stakeholders using presentations.
• Build strong relationships within the Financial Services teams.

Skills

Investment Planning Services

Business storytelling

Analytical skills

Communication

Critical Thinking

Technical/Functional Expertise

Teamwork

Tools

PowerPoint

Excel

Microsoft Office

Job description

Overview

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. Come join a #1 team and do some good!

Work Locations:Bloomington, IL-Corporate, Richardson, TX-CityLine Hub

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

*****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) or in the future for this opportunity*****

Responsibilities

State Farm Financial Services has posted for an analyst position, mainly supporting the current Product Intelligence team as an expert in Investment Planning Services (IPS) and Wealth products and competitive landscape. We would like the analyst to also have a broad understanding of Financial Services products (Life, Health, etc.).

The Product Intelligence team is focused on proactively assessing competitiveness for Financial Services products. This role will be responsible for:

• Leading efforts of in-depth analysis of IPS [Retirement and Wealth] product intelligence (rates/fees, benefits, features) and creating work product as appropriate
• Using business storytelling skills to communicate results of product intelligence data analysis through PowerPoint and related communication tools to executive and director stakeholders
• Analyze IPS Product intelligence from a variety of internal and external sources
• Stay current on competitive and customer trends regarding the insurance and financial services industries
• Serves as a liaison and builds/maintains strong relationships between State Farm Financial Services and other areas including Financial Services Product Sales, IPS Strategy, Financial Services Internal and External Wholesalers, etc.
• Willing to learn and support the Product Intelligence team on needed Life/Health product competitiveness and related-work efforts

Qualifications

Skills/Experience:

• Knowledge of Investment Planning Services (Retirement and Wealth) products, required
• Understanding of competitive landscape of IPS business, preferred
• Willingness to work independently, assume additional responsibilities on short notice, and to be a self-starter
• Articulate in written and oral communication, including developing presentations to effectively “tell a story” to various levels of leadership and executive audiences. Thinks strategically through a customer focused and creative mindset
• Strong ability in PowerPoint, and proficient in Excel and Microsoft Office products

Competencies:

• Initiative
• Communication
• Critical Thinking
• Technical/Functional Expertise
• Teamwork

If deemed competitive, the candidate will be asked to complete a Work Sample for consideration in preface to the interview.

**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) or in the future for this opportunity**

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: $100,000 - $135,000
• 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 15% of base salary

At State Farm, we offer more than just a paycheck. Check out our 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. 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!
• 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. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
• 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!
• 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.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!