Senior P&C Actuarial Analyst - Shared Economy

State Farm; Dallas, Fort Worth (TX, TX); Hybrid; USD 105,000 - 149,000; Full time

Benefits offered by this job

Annual raise and bonus

Health & wellbeing programs

Tuition assistance

Retirement plan

Generous time off

Matching Gift Program

Job summary

State Farm is seeking an Actuarial Analyst to support the Sharing Economy pricing team by analyzing data from internal systems and external sources, building tools for loss analysis and trend monitoring. A bachelor’s degree in an analytical field is required, with SOA/CAS exams pursued for advancement.

The role offers a hybrid work arrangement with competitive exam support and potential salary growth based on exams and experience.

Qualifications

• Experience with data and statistical analysis in Excel, SQL, R, and/or Python.
• Bachelor’s degree in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management, or another analytical field.
• Successful completion of SOA or CAS exams (ACAS designation preferred)
• Commitment to Continuing Education for ACAS/FCAS designation

Responsibilities

• Gather and reconcile data from internal systems and external sources to support actuarial analyses.
• Help build and maintain tools used for in-depth loss analysis, actuarial indications, and trend monitoring.
• Support the Sharing Economy pricing team by translating data into pricing recommendations for profitable program growth.

Skills

Gig economy exp

Excel

SQL

R/Python

Communication

SOA/CAS exams passed

Education

Bachelor’s degree in Actuarial Science/Math/Stats/Data Science/CS/Info Mgmt

Job description

Being good neighbors - helping people, investing in our communities, and making the world a better place is what defines State Farm. It's 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, using 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.

Hybrid Work Arrangement:

A hybrid position means selected candidates will be assigned to a facility and will work some days in the office and some days from home. In this role, you should plan to work onsite a minimum of 2 days per week currently, increasing to 3 days per week in 2027. Associates are expected to travel to and from their assigned office location as part of the hybrid arrangement. Work arrangements may change over time based on business needs, and your leadership will share additional details about your department’s approach.

Responsibilities

As part of the Property and Casualty Actuarial community, you'll be challenged and empowered to grow both personally and professionally. We're committed to helping each associate reach their full potential.

To support that growth, P&C Actuarial offers a competitive Exam Support program for associates pursuing their actuarial designations.

Our Sharing Economy team is responsible for adapting to shifting consumer preferences and emerging trends in the transportation of both people and goods—and evaluating how those trends affect our customers' insurance needs. The team partners with cross-functional groups, including Product, Underwriting, Claims, and Loss Reserve, to translate platform data into pricing recommendations that support profitable program growth for the #1 Property and Casualty insurer in the United States.

Analysts gather and reconcile data from a variety of internal systems and external sources to support actuarial analyses. They also help build and maintain tools used for in-depth loss analysis, actuarial indications, and ongoing trend monitoring.

Qualifications

We're Looking for Candidates With:

• At least 2 years of experience working with or for a gig or sharing economy company
• A bachelor's degree in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management, or another analytical field
• Experience with data and statistical analysis in Excel, SQL, R, and/or Python
• Strong communication, interpersonal, organizational, leadership, problem-solving, and critical thinking skills
• Successful completion of at least three Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) exams (ACAS designation preferred)
• Commitment to earn and/or maintain the Continuing Education requirements for the ACAS/FCAS designation

Selected candidates will be placed at the job level best aligned with overall competitiveness, based on work history, educational background, industry knowledge, and ACAS/FCAS exam progress.

***Applicants must be eligible to work lawfully in the U.S. immediately; the employer will not sponsor applicants for U.S. work authorization (e.g., H-1B visa) for this opportunity***

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: $105,000 - $149,000
• Starting salary and job level (Actuarial Analyst/Sr. Actuarial Analyst/Principal Actuary) will be based on skills, background, CAS exams passed, and relevant experience.
• High end of the range limited to applicants with significant relevant experience
• 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)

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.