Hybrid Actuarial Analyst: Personal Lines Rates

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

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.