Planning & Analysis Analyst- Cost Benefit Team

State Farm; Richardson (TX); Hybrid; USD 80,000 - 120,000; Full time

Benefits offered by this job

Annual raise

Bonus

Health insurance

Tuition assistance

401(k) plan

Paid time off

Job summary

State Farm is seeking a Cost Benefit Analysis Analyst in the Planning & Analysis Department. The role focuses on evaluating investments and initiatives by forecasting cash flows and measuring financial impact to inform leadership decisions.

You will serve as a strategic partner, delivering clear, actionable analyses to IT, Finance, and Business teams. The position is hybrid, with opportunities for growth, training, and competitive compensation.

Qualifications

• Degree in Finance/Accounting/Economics/Mathematics/Statistics or a related field is preferred.
• Broad business and financial acumen, including net present value, cash flows, discount rates, ROI, etc.
• Experience in the completion of cost benefit analysis.
• Ability to independently research financial and technical topics.
• A rich history of analytical and problem-solving skills and accomplishments.
• Strong skills in data manipulation with tools like MS Excel.
• Strong communication and presentation skills to all levels of leadership.
• Proven learning agility and growth mindset.
• Strong collaboration & relationship building with diverse set of customers.
• Ability to prioritize work based on competing priorities.

Responsibilities

• Develop cost benefit analyses to forecast cash flows and determine net present value of initiatives.
• Provide consultation to executive leadership on cost benefit and financial analyses to drive decisions.
• Present complex analyses and educational materials to diverse customers in an accessible format.

Skills

Cost benefit analysis

Financial analysis

Cash flows

Net present value

ROI

MS Excel

Communication

Presentation

Collaboration

Prioritization

Education

Finance/Accounting/Economics/Math/Stats degree

Tools

MS Excel

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.

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.

Responsibilities

The Planning & Analysis Department has an analyst opening on the Cost Benefit Analysis (CBA) Team. CBA analysts serve as an unbiased advisor to help educate business partners on key financial issues and provide company leadership with a measure for evaluating a project on a basis of its financial impact to the business. This role is to enable cost transparency and inform decisions by helping evaluate investments and other key initiatives. We strongly value diversity of thought and an ability to establish and maintain highly collaborative relationship throughout the company. Our team brings a mix of backgrounds supporting our need for strong business acumen as our analysis typically focus on what is best for the business as a whole.

Key job responsibilities for the role include:

• Developing cost benefit analysis to support decision making by forecasting cash flows and determining the expected net present value of potential initiatives
• Providing consultation to executive leadership regarding cost benefit and other types of financial analysis needed to drive decisions
• Present complex cost analysis and educational materials to a diverse set of customers in a consumable fashion, tailored to customer role (e.g., IT, Business, Finance)
• Serve as a strategic thought partner for leadership and business areas
• Prepare accurate and relevant written financial analysis in a timely manner, communicating complex subject matter to the intended audience in a simplified manner that meaningfully informs decisions

Qualifications

We Are Seeking Candidates With:

• Degree in Finance/Accounting/Economics/Mathematics/Statistics or a related field is preferred.
• Broad business and financial acumen, including net present value, cash flows, discount rates, ROI, etc.
• Experience in the completion of cost benefit analysis.
• Ability to independently research financial and technical topics.
• A rich history of analytical and problem-solving skills and accomplishments.
• Strong skills in data manipulation with tools like MS Excel.
• Strong communication and presentation skills to all levels of leadership.
• Proven learning agility and growth mindset.
• Strong collaboration & relationship building with diverse set of customers.
• Ability to prioritize work based on competing priorities.

Hybrid Work Locations:

Bloomington, IL-Corporate, Dunwoody, GA-Park Center, Richardson, TX-CityLine or Tempe, AZ-Marina Heights Hub locations.

• Hybrid Work arrangement: A "Hybrid" position means selected candidates will be assigned to a facility and will spend some time working both in the office and from their home. Work arrangements could change over time based on business need. On average, employees will spend roughly 35%-50% of their time in office, though can vary based on role.
• 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

• Potential starting salary range: $80,000 - $120,000
• 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 10% of base salary
• 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!