Farmers Insurance Group Careers – Quantitative Risk Specialist

Job Description:

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.

Job Responsibilities:

• Creates analytical, visual models to demonstrate all potential risk to the enterprise/business unit.
• Oversees and manages the creation and maintenance of standard and ad hoc reports by ensuring quality, accuracy and timeliness for scheduled requests.
• Conducts quantitative analysis to research, identify, and analyze risk at the enterprise and business unit level.
• This role is responsible for the design, creation, and execution of quantitative research and reporting pertaining to risk at the enterprise level.
• Prepares and builds comprehensive risk assessments.
• Provide quantitative comparisons of data points using advanced statistical analysis and traditional statistical hypothesis testing, communicated in a manner understandable to business stakeholders.
• Partners with stakeholders to gather data, perform risk assessment while utilizing all available resources to encompass all potential risks.
• Develops knowledge on standard concepts, practices, and procedures within the model validation/risk analytics field.
• Performs review and validation of non-complex models or aspects of models used throughout the organization for capital stress testing, risk measurement, pricing and profitability, and management decision-making.
• Designs, creates, and maintains ongoing business unit specific reporting on risk pertaining to policies and procedures.
• Conducts Model Risk Management.
• Conducts data extraction using SQL, business query interfaces, and other business tools.

Qualification & Experience:

• Experience with pricing or reserving models, data extraction, relational database concepts and query tools required.
• Bachelors Degree preferred. CAS Exam 5 or 6 preferred.
• Experience with predictive, catastrophe, or capital model preferred.
• High School Diploma or Equivalent required.
• 3 years experience in data analytics, qualitative analysis, process improvement, and project management required.

Job Details:

Company:  Farmers Insurance

Vacancy Type:  Full Time

Job Location: Los Angeles, CA, US

Application Deadline: N/A

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