Senior Actuarial Analyst - Loss Reserves
US-IL-Bloomington
Careers (External)
Req #: 41311
Type: Regular Full Time
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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. Come join a #1 team and do some good! Office Location: Bloomington, IL; Dunwoody, GA; Richardson, TX Work Arrangement: Hybrid * In this position, you should plan to spend time working in the office each week and remotely (with the ability for same day travel to and from your assigned office location) as part of a hybrid work arrangement. Work arrangements could change over time based on business need. *****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***** Responsibilities: Join our Loss Reserves team within the Financial Operations department, where you will be responsible for conducting Property & Casualty (P&C) loss and expense evaluations across assigned product lines, coverages, and/or companies. You will apply both traditional and innovative loss reserving techniques and methods. Areas of focus may include auto, fire, personal, and/or commercial lines of business. As a Loss Reserving Actuary, you will leverage your industry knowledge and technical skills to address complex business problems. Your role will involve conducting research, identifying solutions to actuarial challenges, analyzing responses to various actuarial questions and issues, and communicating results, assumptions, and expectations effectively. You will serve as a valued resource, collaborating with business partners across the organization, including Claims, Pricing, and Financial Reporting teams, to resolve multifaceted business challenges. We are seeking an experienced Loss Reserving Actuary to join our expanding team of Actuarial Analysts. In this role, you will contribute your industry expertise and business acumen as we enhance our P&C reserving approach. For candidates with prior leadership experience, responsibilities may include supervising Actuarial Analysts. Qualifications: We Are Looking for Candidates With: * A minimum of 4 years of experience in an actuarial role, preferably with P&C loss reserving responsibilities. * A Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Science, Computer Science, Information Management, or other analytical fields. * Proficiency in data and statistical analysis using tools such as Excel, SQL, R, and/or Python. * Strong communication, interpersonal, organizational, leadership, and critical thinking skills. * Successful completion of at least four Casualty Actuarial Society exams is required. ACAS or FCAS designation is highly preferred. * An intention to earn or maintain the Continuing Education requirements for the ACAS/FCAS designation. Candidates selected will be placed into a job level based on overall competitiveness considering work history, educational background, industry knowledge, and ACAS/FCAS exam progress. *****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*****
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