P&C Actuarial Analyst

State Farm; Richardson (TX); Hybrid; USD 74,000 - 90,000; Full time

Benefits offered by this job

Exam support

Salary increases with exams

Hybrid work arrangement

Health benefits

401(k) with company contributions

Career development

Job summary

State Farm in Richardson, TX seeks an Actuarial Analyst to develop actuarial recommendations and apply statistical modeling to business problems. You will work with leadership and cross-functional partners to help meet key financial objectives and improve processes.

Exam support is provided, and there is a path toward ACAS/FCAS designation. A bachelor’s degree in a quantitative field, strong analytical skills, and solid communication are required.

Qualifications

• Bachelor’s degree in a quantitative field completed before start date.
• Minimum GPA of 3.25; 3.5+ preferred (unofficial transcripts required).
• Experience with data and statistical analysis in Excel, SQL, R, and/or Python.
• Completion of a prior actuarial internship or similar work experience.
• Successful completion of at least one actuarial exam; ACAS/FCAS designation preferred.
• Intention to earn ACAS/FCAS designation.
• Strong communication, interpersonal, organization, leadership, problem-solving and critical thinking skills.

Responsibilities

• Develop actuarial recommendations for leadership and support financial objectives.
• Apply statistical modeling techniques to solve business problems.
• Collaborate with Partners across the organization to solve multi-faceted problems.
• Participate in Exam Support and actuarial designation progression programs.

Skills

Data analysis

Excel

SQL

R

Python

Communication

Leadership

Actuarial internship

Education

Bachelor’s degree in Actuarial Science/Math/Statistics/Data Science/CS

Tools

Excel

SQL

R

Python

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. We're moving with urgency to become a Next Gen Good Neighbor, with technology that strengthens human connections and enhances the customer experience. As an employee, you'll spend less time navigating systems and more time applying judgment, empathy, and expertise in the moments that matter most.

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. We're moving with urgency to become a Next Gen Good Neighbor, with technology that strengthens human connections and enhances the customer experience. As an employee, you'll spend less time navigating systems and more time applying judgment, empathy, and expertise in the moments that matter most.

Office Location(s)

Bloomington, IL; Dunwoody, GA; Richardson, TX; Tempe, AZ

Hybrid Work Arrangement

In this position, you should plan to spend time working in the office a minimum of 2 days per week and moving to 3 days in 2027. Associates are expected to be able to travel to and from your assigned office location as part of a hybrid work arrangement. Work arrangements could change over time based on business need. Your manager will share additional information regarding your department’s approach and what it means for you.

Eligibility

• 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) for this opportunity*****

Responsibilities

As a member of the Property and Casualty Actuarial community you will be challenged and empowered to grow personally and professionally. We are dedicated to helping each of our associates develop to their full potential.

To enable our associates to grow, P&C Actuarial offers a competitive Exam Support program for associates pursuing their actuarial designations.

Our P&C Actuarial Analysts develop actuarial recommendations for leadership and implement changes to satisfy the financial objectives of the #1 Property and Casualty insurer in the United States. They also develop and apply statistical modeling techniques to solve business problems, conduct research, identify solutions to actuarial problems and analyze and prepare responses to various actuarial questions/issues. Our P&C Actuarial Analysts serve as valued resources to other State Farm areas, often engaging with business partners across the organization to solve multi-faceted business problems.

Important

The following must be attached at the time of application (please attach both of the following as one combined single document and upload during the application process):

• Resume
• Transcript for recent graduates (unofficial copy accepted)

Qualifications

We Are Looking for Candidates With

• Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management, or other analytical fields (successful completion of bachelor’s degree prior to start date)
• Minimum GPA of 3.25, GPA of 3.5 or higher preferred (unofficial transcripts required with application)
• Experience with data and statistical analysis in Excel, SQL, R, and/or Python
• Completion of a prior actuarial internship or similar work experience
• Successful completion of at least one Society of Actuaries or Casualty Actuarial Society actuarial exam, two or more exams is preferred
• Intention to earn the ACAS/FCAS designation
• Strong communication, interpersonal, organization, leadership, problem-solving and critical thinking skills

Preferred Qualifications

• Experience with delivering multiple projects on time and with quality
• Ability to collaborate with peers, managers, and stakeholders to define project scope and deliver shared outcomes
• Ability to work in the gray and develop recommendations aligned to department and enterprise and goals

Incumbency Period

There is a 24-month incumbency period (beginning on the employee's effective date) for any lateral job movements and a 12-month incumbency period for any promotional opportunities, which must be met before the employee may post for other State Farm positions. The incumbency period does not affect the at-will relationship between State Farm and the employee and does not create an employment contract, nor contractual rights.

• 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) 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: $82,100 reflecting 1 exam passed and will increase with additional passed exams.
  • Starting salary will be based on skills, background, experience, and passed exams.
• Actuarial Exam support/reimbursements and salary increases for passed exams.
• Potential yearly incentive pay up to 15% of base salary
• Incentives for successful completion of industry exams (ACAS and FCAS)
• 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!