State Farm's Property & Casualty Actuarial & Underwriting Modeling Department (PCM) is seeking Actuarial Statisticians with experience in utilizing predictive modeling techniques to produce advanced analytic solutions. We have a growing and evolving infrastructure of predictive models that support State Farm's insurance pricing and underwriting decisions. We are looking for innovative individuals who are self-starters and like being part of a team that develops and implements creative solutions. Working within the PCM Department, agile product teams have autonomy to drive outcomes that provide meaningful business value directly to our customers.
As a member of the P&C Actuarial & Underwriting Modeling community you will be challenged and empowered to grow professionally. We are dedicated to helping each of our associates develop to his or her full potential.
Collaborate with other team members on scoping solutions and project decision points
Compile data exhibits to support filings to departments of insurance
Present on technical topics to peers, leadership, and other stakeholders
Communicate with business partners that require articulation of the work in non-technical terms
Lead/mentor other statisticians and other technical work teams
Perform advisory/consulting work for the organization, including specialized or innovative areas
Work on complex problems of diverse scope where analysis of situations or data requires evaluation of intangible variance factors
Establish and leverage a network of associates with business domain and data expertise by navigating the organization effectively
Instill a business-oriented mindset that drives the science and research agenda
Qualifications
Success in this job requires:
Must have passed at least two actuarial exams with the intent to continue on to earn ACAS or higher credential
At least one year of industry experience building predictive models
Other recommended qualities for success:
Programing background in SAS and/or Python with emphasis on techniques relevant to predictive modeling such as; data set development, cleaning, EDA, and utilizing modeling procedures.
Experience with model feature creation, selection and value imputation.
Competencies:
Critical Thinking
Independent troubleshooting abilities
Initiative
Learning agility/desire to learn new tools
Quality and Attention to Detail
Teamwork
Technical/Functional Expertise
Ability to adapt quickly to changing timelines
What You Can Expect
Next Steps: Competitive candidates may be invited to participate in pre-employment testing and/or the interview process. This is where the excitement begins!
Incumbency: There is a 24-month incumbency period (beginning on the employee's effective date) for any lateral job movements and a 12 month incumbency period for any promotional opportunities, which must be met before the employee may post for other State Farm positions. The incumbency period does not affect the at-will relationship between State Farm and the employee and does not create an employment contract, nor contractual rights.
What's In It For You?
Competitive Benefits, Pay and Bonus Potential: Who doesn't want money, right?
Volunteer opportunities: Get involved and give back to the community!
Continuing Education Support: We support opportunities for you to learn and grow!
A Learning Culture: Mentoring, Professional Designations, Employee Development, and more!
401k Plan.
We embrace Diversity and Inclusion: We are one team and it is simply the right thing to do!
Learn more about our benefits at State Farm Careers!
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.
