Actuarial Analyst
Farmers Insurance Group
 Bellevue, WA

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Join a team of diverse professionals at Farmers to acquire skills on the job and apply your learned knowledge to future roles at Farmers. Farmers Insurance also offers extensive training opportunities through the award winning University of Farmers named by Training magazine amongst top 10 corporate training units in the world.

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Job Summary

Prepares actuarial portions of financial statements, exhibits of experience reports and performs studies used in the development of new products.

Essential Job Functions

Checks accuracy of data files and plan description files, and prepares input to correct errors found. Performs calculations for actuarial research and experience studies to support development of new products. Performs audits of data files and recommends procedures for correcting errors to ensure accurate reporting of financial results. Prepares input and validates the output for new product additions to administration, valuation and proposal systems to maintain consistency between development and implementation of new products. Prepares input, calculates, verifies and documents the output for profit study, projection, reserve, and nonforfeiture calculation programs to provide quality control for financial reporting. Creates, updates and maintains required documentation in compliance with End-User Standards. Participates in cross-functional committees where assigned to provide prompt and accurate communication of department needs and concerns. Supports more experienced actuaries on ad hoc projects. Promotes safety at all times and complies with safety/ergonomic standards as outlined in relevant company published manuals. 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

High school diploma or equivalent required. Bachelor's degree preferred and one of the preliminary education examinations of the Society of Actuaries.

Experience Requirements

Four-year college degree and one of the preliminary education examinations of the Society of Actuaries.

Special Skill Requirement

Basic level knowledge of spreadsheet, word-processing and database software.

Farmers is an equal opportunity employer, committed to the strength of a diverse workforce.