Actuarial Analyst

Title: Actuarial Analyst

Location: Spokane, WA United States

Job Description:

We are Farmers!

We are… more than just your favorite commercials.  At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow through discomfort. We see setbacks as opportunities while continuously asking ourselves how we impact our customers.

Farmers is an award winning, equal opportunity employer, committed to the strength of an inclusive workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn't just our business - it's our culture!   

Workplace: Hybrid ( #LI-Hybrid ), Remote ( #LI-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

• Prepares actuarial analysis of rates and rating plans for assigned lines of insurance.

Essential Job Functions

• 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.

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.

Education Requirements

• High school diploma or equivalent required.
• Bachelor's degree preferred with at least a minor in mathematics, and passed three Casualty Actuarial Society exams.
• Continue educational development in related job field.

Experience Requirements

• One year as an Actuarial Assistant or equivalent preferred.

Benefits

• Farmers offers a competitive salary commensurate with experience, qualifications and location.

o CA Only: $72,300 - $123,090

o CO Only: $67,950 - $106,040

o HI/IL/MN/VT Only: $67,950 - $113,520

o MA Only: $67,950 - $113,520

• o MD Only: $67,950 - $123,090

o DC/NJ/NY/OH Only: $67,950 - $123,090

o Albany County, NY/Cleveland, OH: $72,300 - $106,040

o WA Only: $80,168 - $129,000

• Medical
• Dental
• Vision
• Health Savings and Flexible Spending Accounts
• Life Insurance
• Paid Time Off