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Farmers Insurance

Farmers Insurance

Life Actuary (FSA)

Life Actuary (FSA)

Job Details
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Uploaded On
August 13, 2023
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Location
United States
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Remote?
No
Company Overview
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Headquarters
Woodland Hills, CA
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Number of Employees
12740
Estimated Number of Actuaries
136
Salary
$
128
k-$
185
k
Glassdoor Ratings
""
Recommend to a Friend
66%
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Overall Score
3.8 / 5

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[ We are Farmers!

We are... more than just your favorite commercials. We are a passionate, award winning, equal opportunity employer, committed to the strength of a diverse 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! We are Farmers!

Do you thrive in a high-volume, fast-paced environment? Do you enjoy the challenge of a position where no two days are alike? We are looking for positive, high-energy professionals who are not just looking for a job, but a meaningful career!

At Farmers, our ambition is to be the leader in delivering peace of mind, innovating for customers whenever and wherever they need us. That means having people like you who can help us evolve to meet changing customer and business needs. Continuous development is critical to our success at Farmers; that means being curious, continually innovating, being open to new opportunities and embracing change. As the needs of our business and customers change, and you acquire needed experience, you may have opportunities to use your knowledge and skills in a different role. As you take on these new challenges, Farmers is committed to providing you with the necessary training and support along your career journey.

Workplace: Remote

( #LI-Hybrid )

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.

Job Summary

We're on a transformational journey and are looking for leaders who can vision what could be along with the capability to bring that vision to life. In partnership with units across Farmers New World Life (FNWL), we are transforming the way Finance and Actuarial work with each other, as well as how we enhance our insights to guide and influence FNWL's strategy. If you thrive in times of change, we're eager to hear from you!

As a IFRS17 Life Actuary (FSA) you will initiate and drive actuarial analysis, coordinating and advocating recommendations for implementing changes due to regulatory and management reporting requirements.

Essential Job Functions

  • Initiates, analyzes, recommends and implements appropriate revisions in actuarial methods and assumptions in areas with significant financial impact.
  • Works independently to develop and implement appropriate solutions to actuarial issues.
  • Effectively manages various workstreams and oversees junior staff to fulfill timely and accurate completion of projects.
  • Represents the business unit through participation in inter-departmental meetings and committees.
  • Analyzes operations to recommend improvement for control and/or efficiency.
  • Performs other duties as assigned.


Physical Actions

Required job duties are essentially sedentary work consisting of occasional walking, standing and lifting and/or carrying 10-lbs. maximum and seeing.

Physical Environment

Required job duties are normally performed in a climate- controlled office environment.

Education Requirements

  • Bachelor's degree required. Fellow of the Society of Actuaries or equivalent required.


Experience Requirements

  • At least five years of actuarial experience
  • Modeling experience in actuarial software, SQL and Python
  • A working knowledge of the IFRS17 reporting bases


Additional Qualification

  • Excellent collaboration and team building skills. Experience working with business stakeholders to identify and implement enhancements to tools and processes.

Candidate qualifications may be reviewed against the requirements for the associated levels of this position's core function. Salary grade will be based on selected candidates' experience and skills.

Benefits
  • Farmers offers a competitive salary commensurate with experience, qualifications and location.
    o CA Only: $127,840 - $185,400
    o CO Only: $120,080 - $159,800
    o NY Only: $120,080 - $185,400
    o Albany County: $127,840 - $159,800
    o WA Only: $127,840 - $213,875
  • Bonus Opportunity (based on Company and Individual Performance)
  • 401(k)
  • Medical
  • Dental
  • Vision
  • Health Savings and Flexible Spending Accounts
  • Life Insurance
  • Paid Time Off
  • Paid Parental Leave
  • Tuition Assistance
  • For more information, review "What we offer" on https://www.farmers.com/careers/corporate/#offer


Job Location(s): R_US - United States

Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok. ]
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Working at 

Farmers Insurance

Farmers Insurance is a leading provider of insurance products and services in the United States. The company offers a wide range of coverage options for individuals, families, and businesses, including auto, home, life, and business insurance. Founded in 1928, Farmers Insurance has grown to become one of the largest and most respected insurance companies in the country. One of the key strengths of Farmers Insurance is its extensive network of agents and brokers. These professionals are trained to help customers find the right coverage for their needs, and they are supported by a team of underwriters, claims adjusters, and other specialists. This allows Farmers Insurance to provide personalized service and support to its customers, which is one of the reasons why the company has such a strong reputation. Another important aspect of Farmers Insurance is its focus on innovation and technology. The company is constantly looking for new ways to improve its products and services, and it has invested heavily in cutting-edge technology such as telematics and data analytics. This allows Farmers Insurance to offer more tailored and customized coverage options to its customers, and to respond more quickly and effectively to claims. Overall, Farmers Insurance is a great choice for anyone looking for a career in the insurance industry. The company offers a variety of opportunities for growth and development, as well as a supportive and collaborative work environment. And with a commitment to innovation and technology, Farmers Insurance is well-positioned to continue to be a leader in the insurance industry for many years to come.

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