FBS - Actuarial Analyst

Farmers Insurance is one of the United States’ largest insurers, providing a wide range of insurance and financial services products with gross written premiums well over US$25 Billion (P&C). They proudly serve more than 10 million U.S. households with more than 19 million individual policies across all 50 states through the efforts of over 48,000 exclusive and independent agents and nearly 18,500 employees. Finally, Farmers Insurance is part of one the largest Insurance Groups in the world. About the Role We are looking for an analytical and detail-oriented FBS - Actuarial Analyst to join our team and support insurance pricing, reserving, and regulatory initiatives through data-driven actuarial analysis. This role will partner closely with business stakeholders and actuarial leadership to evaluate rate adequacy, support rating plan development, perform reserve calculations, and contribute to strategic actuarial projects across assigned lines of business. This position offers exposure to pricing strategy, regulatory filings, operational analytics, and cross-functional collaboration within a dynamic insurance environment. What You'll Do Develop and prepare actuarial analyses related to rates and rating plans for assigned lines of insurance Evaluate pricing adequacy and prepare recommendations regarding rate and rating plan changes Support the preparation of regulatory filings, exhibits, and actuarial documentation Assist with follow-up activities related to regulatory reviews, challenges, or approval processes Perform IBNR (Incurred But Not Reported) reserve calculations and other reserving analyses Conduct quantitative modeling and statistical analysis to support business and actuarial decision-making Analyze operational and financial trends to identify risks, opportunities, and performance insights Partner with cross-functional teams to support actuarial projects and business initiatives Prepare reports, summaries, and presentations for internal stakeholders and leadership Contribute to process improvements and analytical efficiencies within the actuarial function Support special actuarial projects and ad hoc analyses as needed Assist in mentoring and supporting junior actuarial team members when applicable Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Quantitative Finance, or a related quantitative field 2+ years of experience as an Actuarial Assistant or in an actuarial or insurance analytics role Domain knowledge in P&C, auto, home, or broader personal lines insurance Knowledge of actuarial analysis and reserving concepts preferred Experience with rate analysis, rating plans, and regulatory filings Advanced proficiency with Microsoft Excel, including modeling and complex formulas Intermediate proficiency with SQL for data extraction and analysis preferred Competitive compensation and benefits package: Comprehensive benefits package Career development and training opportunities Flexible work arrangements Dynamic and inclusive work culture within a globally renowned group Private Health Insurance Pension Plan Paid Time Off Training & Development Note: Benefits differ based on employee level.