Actuarial Analyst

Job Description

We are Farmers! Join a team of diverse professionals at Farmers to acquire skills on the job and apply your learned knowledge to future roles at Farmers. Farmers Insurance also offers extensive training opportunities through the award winning University of Farmers named by Training magazine amongst top 10 corporate training units in the world.
Want to learn more about our culture & opportunities? Check out farmers.com/careers and be sure to follow us on Instagram and LinkedIn!

Job Summary

Working in our Independence, OH, Wilmington, DE, or Woodland Hills, CA office, the Eastern Expansion Actuarial Analyst will have the opportunity to lead or assist in analysis, research, and enhancement of actuarial processes that impact financial results under direct supervision from a qualified actuary. This position will support the state of North Carolina for our auto product. The salary grade will be flexible depending upon the selected candidate’s experience and skills.

Essential Job Functions

• Coordinates and collaborates with other departments such as Product Management, Pricing/Product Analytics, Research and Development, and information technology to build and enhance work products and facilitate a cohesive work environment.
• Assists in conducting actuarial analysis for rate-making purposes on new products, using the concepts of trend, development, and credibility, as appropriate.
• Assists in responding to questions regarding internal reports and/or external filings.
• Makes efficient use of automation tools to improve the timeliness, accuracy and content of reports, or to support actuarial research and experience and identifies areas for innovation.
• Prepares routine to moderately complex internal management information and actuarial/financial reports and/or external filings, following established procedures.
• Assists in the revision and/or design of internal reports as required and assists in preparing related automation requests as necessary. Monitors results of assigned area of responsibility, noting unexpected results.
• Assures that written job procedures are maintained on all reports where responsibility exists and recommends improvements as needed.
• Assists in projecting the impact of suggested corporate strategies, as requested.
• Improves actuarial expertise on an on-going basis by studying for and passing Casualty Actuarial Society (CAS) examinations with the support of our internal PASS Program. This Program provides study time scheduled into your workday, paid study material for each exam, and automatic salary increases for passing each exam. Additionally, the Program provides opportunity for both domestic and international rotations to help analysts gain well rounded skill sets.
• Performs other related duties as required or requested. Physical Actions
• Required job duties are essentially sedentary work consisting of occasional walking, standing and lifting and/or carrying 10 lbs. maximum.
• Functional ability of seeing, hearing, and speaking is required. Physical Environment
• Required job duties are normally performed in a climate controlled office environment, with occasional travel by car or airplane. Note that this position will begin as fully virtual while the offices are closed for COVID-19.

Education Requirements

• Bachelor’s or Master’s degree in mathematics, actuarial science, statistics, or related field
• Insurance Knowledge desirable
• Completion of at least 3 CAS Exams
• Desire to pursue Fellowship in the CAS Experience Requirements
• One or more years of experience as an actuarial analyst
• Prior knowledge and experience working with insurance products in the state of North Carolina a plus Special Skill Requirement
• Knowledge of and experience with Microsoft Excel and Word
• Experience with SQL and VBA preferred
• SAS and other program languages a plus

Farmers is an equal opportunity employer, committed to the strength of a diverse workforce.

Schedule: Full-time
Job Posting: 08/27/2020
Other Locations: United States, California, Woodland Hills,United States, Ohio, Independence