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Actuarial Statistician

Company: State Farm Mutual Automobile Insurance Company
Location: Bloomington
Posted on: June 10, 2019

Job Description:

Requisition ID:

Job Title:
Actuarial Statistician

Number of Openings:

Job Category:

Employment Type:
Regular Full-Time


Not Required

Bloomington, IL

Duties and Responsibilities:

**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**

In order to be considered for this opportunity you must complete the application AND attach a copy of your unofficial transcripts. This is a necessary step in the employment process.

Our actuarial teams rely on decisive and resourceful problem solvers to provide analysis and insight that support business decisions. Actuarial careers offer challenging assignments and abundant developmental opportunities.

Data mining, model building, and predictive modeling are among the work we execute in collaboration with other business areas across the Enterprise.

State Farm's Property & Casualty Actuarial Research Unit is seeking an Actuarial Statistician to:

  • Serve as a high-level consultant/researcher on P/C Actuarial matters in a team environment
  • Review data in innovative ways to further the pricing and risk selection objectives of the enterprise
  • Conduct studies using actuarial resources, and in conjunction with other financial/research areas of the enterprise
  • Participate in external professional and industry committees/studies
  • Demonstrate fundamental knowledge of multiple modeling techniques including but not limited to regression, neural networks, decision trees, and clustering
  • Provide advice and support to management and pricing units on statistical questions/issue
  • Coordinate significant statistical studies, multivariate analysis, and predictive modeling on actuarial issues
  • Communicate complex analytic methods and findings to management and executives not trained in advanced data mining/modeling and statistical techniques
    • Master's degree in Statistics or a related field is preferred but will consider Bachelor's degree
    • Must have 3.25 GPA cumulative and in major, a GPA of 3.5 or higher is preferred (please attach transcripts to your application)
    • Experience with statistical programming languages is required. R or SAS is preferred.
    • Actuarial Exams are not required for this particular role, but financial support and exam study time at work are available to encourage successful pursuit of FCAS (Fellow, Casualty Actuarial Society) and FSA (Fellow, Society of Actuaries) designations.

      Incumbency Period

      There is a 24-month incumbency period which must be met before the employee may post for other lateral opportunities outside of P&C Actuarial. There is a 12 month incumbency period for any promotional opportunities. The incumbency period begins on the employee's effective date in the role and does not affect the at-will relationship between State Farm and the employee and does not create an employment contract, nor contractual rights.


      This position is located in Bloomington, IL, where State Farm is headquartered and is 2 1/2 hours from Chicago, Indianapolis, and St. Louis. Bloomington is a mid-size community; an average 15 minute rush hour commute is a welcome change for those who have fought rush hour traffic in the city. The community is very active and is home to multiple universities including Illinois State University and Illinois Wesleyan.

      Relocation allowance MAY APPLY

      • Critical Thinking
      • Decision Making and Judgment
      • Technical/Functional Expertise
      • Relationship Building
      • Initiative

        We put people first in all we do. As you work hard to give us your best, we'll return the favor. As a good neighbor, you'll grow professionally and personally, you'll get a comprehensive benefits and pay package and opportunities to make real differences in people's lives.
        • Competitive Salaries
        • Pension Retirement Plan
        • 401(k) Savings Plan
        • Great Health & Welfare Benefits
        • Generous Paid Time off



          JT18 PI110424934

Keywords: State Farm Mutual Automobile Insurance Company, Bloomington , Actuarial Statistician, Other , Bloomington, Illinois

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