P&C Underwriting Analyst

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:

Want to be part of a winning team with record growth? Business Markets’ ambition is to become the U.S. small business insurer of choice. If you are passionate about understanding small business customers, removing friction points, and providing a best-in-class product and experience – this role may be for you!

• Supports product development, maintenance, and performance to ensure profitable growth.
• Effectively utilizes business intelligence data systems, financial/statistical resources and analytical software applications in the creation, display, and reproduction of charts, graphs, and other visualization techniques to aid in product-specific decision-making.
• Leads research including identification of external trends, cost analysis, and/or statistical analysis on companywide business results to assist with the development and execution of product line vision and strategies.
• Supports the development and evolution of the product(s) across the product lifecycle from concept through sunset as appropriate.
• Assists in the creation of and maintains, updates, and directs underwriting philosophy and provides guidance on underwriting processes.
• Provides consultative guidance, expertise, strategic direction, and provides input to the organization on the assigned product.
• Acts as a liaison/coordinator across multiple business areas or contacts outside of State Farm.

Qualifications:

Skills sets:

• Uses working knowledge of P&C Underwriting systems and processes to contribute to the execution of high impact, strategic decisions.
• Works independently to resolve complex issues with minimal supervision.
• Uses working knowledge of product development methods in daily work.
• Brings growth mindset to maximizing the customer experience; influences the same with business partners.
• Analyzes root causes to collaboratively develop business requirements for successful implementations.

Desired Experience:

• Strong business and analytical skills with experience making data driven decisions.
• Knowledge of risk assessment, eligibility, and pricing.
• Ability to build relationships across various levels and areas of the organization
• Strong oral and written communication skills to build buy-in in necessary product decisions.
• Experience working in an Agile environment
• Ability to work self-directed and be results driven while collaborating with a team to achieve successful business outcomes
• Ability to quickly adapt to a changing environment
• Ability to foster innovation, encourage diversity of thought and incorporate new ideas
• Ability to navigate the organization and collaborate across business areas

Our Benefits:

• Potential starting salary range: $80,000.00 – 140,000.00
• 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 State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!