Actuarial Analyst - Pricing

Summary

Farmers Insurance is an insurance company that provides coverage and peace of mind to its customers. The Actuarial Analyst - Pricing prepares actuarial analyses of rates and rating plans for personal lines home insurance, supports regulatory filings, calculates loss reserves, and assists with actuarial staff development.

Responsibilities

• Develops and prepares actuarial analysis of rates and rating plans for assigned lines of insurance; prepares formal recommendations concerning changes in rates and rating plans based on such analyses
• Prepares correspondence and required exhibits in connection with regulatory filings, including necessary follow-up when such filings are questioned, challenged or otherwise not promptly approved as submitted
• Assists in the training and development of professional actuarial personnel as assigned. Performs special actuarial projects as assigned
• Performs calculations for the establishment of IBNR (incurred but not reported) loss reserves for assigned lines of insurance. Performs other functions as assigned

Skills

• High school diploma or equivalent required
• One year as an Actuarial Assistant
• Bachelor's degree preferred with at least a minor in mathematics, and passed two Casualty Actuarial Society exams
• Actuarial pricing experience preferred
• VBA experience preferred
• R, SQL or Pyton preferred

Qualifications

Must Haves

• High school diploma or equivalent required
• One year as an Actuarial Assistant

Nice to Haves

• Bachelor's degree preferred with at least a minor in mathematics, and passed two Casualty Actuarial Society exams
• Actuarial pricing experience preferred
• VBA experience preferred
• R, SQL or Pyton preferred

Benefits

• 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
• Hybrid work environment 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
• Remote work opportunity for applicants beyond fifty (50) miles of a Farmers corporate office may still be considered
• Take part in meaningful volunteer projects