FBS – Farmer Business Services is part of Farmers operations with the purpose of building a global approach to identifying, recruiting, hiring, and retaining top talent. By combining international reach with US expertise, we build diverse and high-performing teams that are equipped to thrive in today’s competitive marketplace.
We believe that the foundation of every successful business lies in having the right people with the right skills. That is where we come in—helping Farmers build a winning team that delivers consistent and sustainable results.
Since we don’t have a local legal entity, we’ve partnered with Capgemini, which acts as the Employer of Record. Capgemini is responsible for managing local payroll and benefits.
What to expect on your journey with us:
- A solid and innovative company with a strong market presence
- A dynamic, diverse, and multicultural work environment
- Leaders with deep market knowledge and strategic vision
- Continuous learning and development
This position oversees actuarial functions with a focus on financial projections of U.S. product liability cashflows. The role focuses on model development, testing, governance and consistency among various model stakeholders. This position leverages in-depth actuarial knowledge and understanding of the business to solve more complex issues and deliver strategic recommendations that align with business objectives. The position performs work independently while receiving guidance from a direct people leader and guiding more junior staff.
Responsibilities
- Collaborates with stakeholders, teams, and other departments to resolve more complex actuarial issues. Guides the preparation of financial projections to enable leadership to assess financial implications and overall impact of business decisions. Accountable for timely and accurate delivery of actuarial deliverables. Interprets data and formulas to extract valuable insights for management. Analyzes operational performance and presents findings and recommendations for optimization. May represent the actuarial department with external stakeholders.
- Independently develops and implements solutions to more complex actuarial issues. Oversees project workflows, provides robust feedback to stakeholders and management, and ensures timely and effective completion of work. Delivers on plans and priorities while guiding projects and/or teams to achieve successful outcomes and business objectives.
- Advocates for improvements to assumption formulas, procedures, and programs. Anticipates the impact of changes and ensures recommendations align with broader business objectives.
- Oversees the integration of new and updated products into financial projection system. Ensures actuarial modeling systems comply with controls and standards including updates for IT, product, and regulatory changes.
- Stays informed about industry trends, emerging actuarial practices, and regulatory changes to contribute effectively to work within team, department, or across departments. Acts as a subject matter specialist to mentor and train less experienced actuarial staff by providing guidance on fundamental actuarial principles and practices. Performs other duties as assigned.
Requirements
- 6+ years of experience working in relevant roles
- Advance experience working with actuarial projection software like MG-ALFA or equivalent (Axis or Profit)
- Experience working with Python, R, SAS or similar
- Strong understanding of actuarial modeling
- Familiarity with U.S. Life/Annuity product designs and features.
- Able to analyze complex data, interpret trends, and develop actuarial models and assumptions.
- Deep understanding on Financial Modeling within Alpha database
Benefits
This position comes with a competitive compensation and benefits package.
- A competitive salary and performance-based bonuses.
- Comprehensive benefits package.
- Flexible work arrangements (remote and/or office-based).
- You will also enjoy a dynamic and inclusive work culture within a globally renowned group.
- Private Health Insurance.
- Paid Time Off.
- Training & Development opportunities in partnership with renowned companies.