Sr. Actuarial Analyst- Auto Pricing

Farmers Insurance; United States; Hybrid; USD 76,000 - 145,000; Full time

Benefits offered by this job

401(k)

Medical

Dental

Vision

Health Savings and Flexible Spending

Life Insurance

Paid Time Off

Paid Parental Leave

Tuition Assistance

Job summary

Farmers Insurance is seeking an experienced actuarial professional to analyze and revise rates and rating plans for assigned lines of insurance. You will prepare detailed rate filings and collaborate with home office and regional teams to drive accurate pricing strategies.

The role supports training and development of actuarial staff, handles complex projects, and performs loss reserve analyses. A pathway to ACAS and continued education is offered within a supportive, high-performance culture.

Qualifications

• High school diploma or equivalent required; Bachelor’s degree preferred with a math minor.
• GPA and coursework in mathematics or actuarial science are beneficial.
• ACAS track: passage of 3 CAS exams with 1 year experience; advanced track: 5 CAS exams + VEE credits + 2 years experience.

Responsibilities

• Analyze and revise rates and rating plans for assigned lines of insurance.
• Prepare rate filings, including complex/non-routine cases.
• Represent Actuarial Department in inter-department meetings and with regional teams.
• Assist in training and development of junior actuarial staff.
• Perform special actuarial projects as assigned.
• Conduct actuarial analysis of loss and loss adjustment expense reserves for assigned lines.
• Perform additional duties as needed.

Skills

VBA

R

Python

SQL

SAS

Education

Bachelor’s degree with math minor

ACAS exam track (Casualty Actuarial Society)

VEE credits required

Tools

Microsoft Excel

Job description

We are Farmers – where ambition meets opportunity.

At Farmers, we’re not just known for unforgettable jingle – we’re a team with a passion for purpose and making a real difference in people’s lives. We deliver peace of mind when it matters most. Our results-driven, high-performance culture thrives on creativity, accountability and bold solutions. Here, growth isn’t just a goal – it’s a way of life for both the organization and every individual on our team. We tackle challenges head‑on, learn from every experience and measure our impact on the customers who trust us.

Join an award‑winning, equal opportunity employer, where you’ll find more than a job – you’ll find a supportive community. Enjoy competitive benefits, take part in meaningful volunteer projects, and help shape the future alongside talented colleagues across all backgrounds. At Farmers, helping others is at the heart of what we do.

Ready to make your mark? Discover our vibrant culture and explore career opportunities at www.Farmers.com/careers/corporate. Connect with us on Instagram, LinkedIn and TikTok, and let’s build something incredible together!

Workplace: Hybrid ( ), Remote ( )

Farmers believes in a culture of collaboration, creativity, and innovation, which thrives when we have the ability to work flexibly in a virtual setting as well as the opportunity to be together in person. Our hybrid work environment combines the best of both worlds with at least three (3) days in office and up to two (2) days virtual for employees who live within fifty (50) miles of a Farmers corporate office. Applicants beyond fifty (50) miles may still be considered.

Job Summary

Analyzes and recommends revisions in rates and rating plans for assigned lines of insurance.

Essential Tasks

• Analyzes and recommends revisions in rates and rating plans for assigned lines of insurance.
• Prepares rate filings which are generally of a more complex or non- routine nature.
• Represents Actuarial Department through participation in inter- departmental meetings and discussions with other Home Office departments and regional personnel.
• Assists in the training and development of professional actuarial personnel as assigned.
• Performs special actuarial projects as assigned.
• Performs actuarial analysis of loss and loss adjustment expense reserves for assigned lines of insurance.
• Performs other functions as assigned.

Education & Career Experience Requirements

• High school diploma or equivalent required. Bachelor’s degree preferred with at least a minor in mathematics.
• SG 34: Passed 3 Casualty Actuarial Society exam's + 1 year of actuarial experience.
• SG 35: Passed 5 Casualty Actuarial Society exam's, all require VEE credits + 2 years of actuarial experience.
• Continue educational development in related job field to achieve ACAS or higher.
• Technical Stack: VBA experience along with R or Python, SQL and SAS.

We Also Offer

• Farmers PASS Program - We support your continuing education in the Actuarial field by providing generous paid study hours, salary increases for exam passage, and team support.
• We also have our Rotation Program where we offer our team-members to rotate to other actuarial teams (Commercial, Pricing, Reserving, etc.) to gain exposure and a solid overview of all facets of P&C.

Physical Actions

Job is performed in‑person at a Farmers office or virtually at an approved alternative work location. The physical work environment is indoors and climate‑controlled with adequate lighting and ventilation. Normal and customary distractions include background noise produced by office equipment and chatter among people, as well as interruptions. Frequently sits for prolonged periods of time, up to a full shift. Occasionally moves about the workplace including, navigating stairs, ramps, and level or uneven surfaces. Occasionally moves, pushes, pulls, lifts, carries, and/or places objects or materials weighing up to 25 pounds without assistance. Frequently uses shoulders, arms, hands, and fingers to manipulate equipment, tools, and objects necessary to perform job duties. Frequently performs fine motor tasks such as typing, mousing, or writing, up to a full shift. Rarely performs movements such as bending, stooping, crouching, kneeling, twisting, and reaching overhead or below the knees. Possesses clear vision, with or without correction, to visually read and verify information. Relies on depth perception and peripheral vision to navigate the work environment visually by identifying barriers, changes in terrain and locating objects. Possesses adequate hearing, with or without correction, to communicate with co‑workers, respond promptly to auditory signals or alarms, and discern sounds essential for maintaining safety and productivity in the workplace. Jobs in this category require rare, if any, travel.

Physical Environment

Required job duties are normally performed in a climate‑controlled office equipment.

Benefits

• Farmers offers a competitive salary commensurate with experience, qualifications and location.
• CA Only: $81,375 - $137,940
• CO & ME: $76,275 - $119,350
• HI/IL/MN/VT Only: $76,275 - $127,490
• MA Only: $76,275 - $127,490
• o MD & VA: $76,275 - $127,490
• DC/NJ/NY/OH Only: $76,275 - $137,940
• Albany County, NY/Cleveland, OH: $81,375 - $119,350
• WA Only: $80,168 - $144,875
• Bonus Opportunity (based on Company and Individual Performance)
• 401(k)
• Medical
• Dental
• Vision
• Health Savings and Flexible Spending Accounts
• Life Insurance
• Paid Time Off
• Paid Parental Leave
• Tuition Assistance
• For more information, review “What we offer” on https://www.farmers.com/careers/corporate/#offer

Job Location(s): R_US - United States

Anticipated application deadline: At Farmers, the recruitment process is designed to ensure that we find the best talent to join our team. As part of this process, we typically close open positions within 8 to 21 days after posting. If you are interested in any of our open positions, we encourage you to submit your application promptly.

Farmers will consider for employment all qualified applicants, including those with criminal histories, in accordance with the Los Angeles Fair Chance Initiative for Hiring Ordinance or other applicable law. Pursuant to 18 U.S.C. Section 1033, Farmers is prohibited from employing any individual who has been convicted of any criminal felony involving dishonesty or a breach of trust without prior written consent from the state Department of Insurance.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Farmers is an Equal Opportunity Employer and does not discriminate in any employer/employee relations based on race, color, religion, gender, sexual orientation, gender expression, genetic information, national origin, age, disability, marital status, military and veteran's status, or any other basis protected by applicable discrimination laws.