Job title: Data Analyst
Company: State Farm
Job description: Overview:Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good! Responsibilities:The Loss Reserves – Research & Development team within P&C Analytics is looking to hire a business data analyst. This is an excellent opportunity for a candidate with a background and/or interest in P&C loss reserving who is passionate about data-driven insights and supporting key business decisions. This role combines the need for in-depth business knowledge with a high capacity for analyzing data to provide actionable analysis to support decision-making. The key work efforts will include:
- Forecasting a variety of expected future claim results and providing insights to support strategic decision making.
- Using business analytics software to uncover trends, relationships, and insights within the data.
- Leveraging business knowledge to provide context and proactively share findings.
- Using historical results, business knowledge, and actuarial or statistical techniques to develop scenarios of potential outcomes to support decision making.
- Performing quick analysis to answer business questions in a fast-paced environment.
- Effectively analyzing data, creating appropriate visualizations, and communicating results of analyses to various levels of management with cohesive, understandable, and appropriate message points, summaries, reports, and presentations.
- Collaborating with key business partners to understand and communicate trends.
- Serving as a trusted advisor and strategic thought partner to Executive leadership, collaborating broadly with others across State Farm to enable execution of key enterprise priorities and contributing to strategic, high-impact work.
Qualifications:Required skills:
- A minimum of 5 years relevant work experience
- Bachelor’s Degree in Business Analytics, Actuarial Science, Mathematics, Statistics, Finance or a related field
- Programming experience such as SQL, SAS, R, Python, etc.
- Advanced Microsoft Excel skills
- Qualified candidates will have intellectual curiosity and the technical aptitude to utilize financial, statistical and other types of data to analyze business problems, draw conclusions and articulate recommendations
- Strong critical thinking and analytical skills
- Demonstrated learning agility to quickly learn both new technical skills and business acumen with immediate application of skills
- Strong problem-solving and resourcefulness competencies
- Demonstrated teamwork and communication competencies
Additional desired skills:
- Experience in a relevant actuarial role, preferably in reserving or pricing. Prior experience using basic actuarial techniques and knowledge of insurance operations is strongly preferred (active enrollment in actuarial exams or actuarial credentials is not required nor expected, the role does not provide exam support***)
- Experience with AWS Cloud Platform and associated tools/services such as Redshift, DBeaver, Sagemaker, Starburst, etc.
- BI Tooling experience such as Power BI, Qlik Sense, QuickSight, etc.
***This role does not provide in office time allocation for studying nor direct compensation bonuses for actuarial exam completion.***Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not offer sponsorship for U.S. work authorization (e.g. H-1B visa) for this opportunity, either now or in the future.***Our Benefits:Because work-life-balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!
- Potential starting salary range: $80,000 – $120,000
- Starting salary will be based on skills, background, and experience
- High end of the range limited to applicants with significant relevant experience
- Potential yearly incentive pay up to 15% of base salary
At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!
- Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
- Stay Well! Focus on you and your family’s health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
- Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
- Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
- Take a Little “You” Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
- Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
- Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.
Visit our page for more information on our , , and the of joining the State Farm team!HYBRID: Qualified candidates (in or near hub locations listed below) should plan to spend time working from home and some time working in the office as part of our hybrid work environment.REMOTE: Qualified candidates (outside of hub locations listed below) may be considered for 100% remote work arrangements based on where a candidate currently resides or is currently located.LOCATIONS: Dunwoody, GA; Richardson, TX; Tempe, AZ; or Bloomington, ILSPONSORSHIP: 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.
For Los Angeles candidates: Pursuant to the Los Angeles Fair Chance Initiative for Hiring, we will consider for employment qualified applicants with criminal histories.
For San Francisco candidates: Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
For Vermont candidates: Potential salary range: $75,260.25-142,000.00
For Colorado, Hawaii, Maryland, Washington State, and Washington D.C. candidates: Potential salary range: $85,889.38-$192,500.00
Application deadline is expected to close on 3/14/2025. Applicant volume and hiring needs may result in early closure or extension beyond the listed deadline. To submit an application, click “Apply” on the job listing page on the State Farm career site.
For California, New York, and Connecticut candidates: Potential salary range: $85,889.38-$218,750.00
Potential yearly incentive pay: up to 15% of base salary
Expected salary: $80000 – 120000 per year
Location: Tempe, AZ
Job date: Wed, 12 Mar 2025 08:45:37 GMT
