Senior Actuarial Analyst - Loss Reserving (Hybrid)

State Farm; Bloomington (IL); Hybrid; USD 110,000 - 175,000; Full time

Benefits offered by this job

Healthcare coverage

Tuition assistance

Retirement plan (401k)

Paid time off

Annual raise and bonus

Matching gifts

Job summary

State Farm’s Bloomington, IL office is seeking a Loss Reserving Actuarial Analyst to evaluate Property & Casualty reserves and expenses using traditional and innovative methods. Join a cross-functional team that collaborates with Claims, Pricing, and Financial Reporting to solve complex actuarial challenges.

You will bring 4+ years of actuarial experience, CAS/ACAS progress, and strong skills in Excel/SQL/R/Python, with a commitment to ongoing professional development in a hybrid in-office

Qualifications

• A minimum of 4 years of experience in an actuarial role; preferably, with P&C Loss Reserving responsibilities.
• Bachelor’s degree in Actuarial Science, Math, Statistics, Data Science, Computer Science or other analytical fields.
• Experience with data and statistical analysis in Excel, SQL, R, and/or Python
• Strong communication, interpersonal, organization, leadership, problem-solving and critical thinking skills.
• Successful completion of at least three Society of Actuaries or Casualty Actuarial Society exams required. ACAS/FCAS designation preferred.
• Intention to earn, or maintain the Continuing Education requirements of, the ACAS/FCAS designation.
• Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for current or future U.S. work authorization (e.g. H-1B visa) for this opportunity*****

Responsibilities

• As a member of the Loss Reserves team within Financial Operations, you will have responsibility for completing Property & Casualty loss and expense evaluations for assigned product lines, coverages, and/or companies applying both traditional and innovative loss reserving techniques and methods.
• Our Loss Reserving Actuarial Analysts use their industry knowledge and technical skills to solve business problems, conduct research, identify solutions to actuarial problems, and analyze and prepare responses to various actuarial questions/issues.
• They serve as valued resources to other State Farm areas, often engaging with business partners across the organization, including our Claims, Pricing, and Financial Reporting teams, to solve multi-faceted business problems.

Skills

Actuarial experience

Excel

SQL

R

Python

Communication

Leadership

Problem solving

Critical thinking

Education

Bachelor's degree in Actuarial Science, Math, Statistics, Data Science, Computer Science

CAS exams completed

Job description

State Farm’s Bloomington, IL office is seeking a Loss Reserving Actuarial Analyst to evaluate Property & Casualty reserves and expenses using traditional and innovative methods. Join a cross-functional team that collaborates with Claims, Pricing, and Financial Reporting to solve complex actuarial challenges.

You will bring 4+ years of actuarial experience, CAS/ACAS progress, and strong skills in Excel/SQL/R/Python, with a commitment to ongoing professional development in a hybrid in-office