Large Commercial Insurance Analyst - State Farm

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As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.

We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance. Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture. We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more!

Visit our Careers page for more information on our benefits, locations and the process of joining the State Farm team!

This position is a HYBRID role and will require some time spent in the office as well as time working from home. You must reside in the same state AND within 100 miles of either Bloomington, Illinois; Dunwoody, Georgia; Richardson, Texas or Tempe, Arizona.

SPONSORSHIP: Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity.

We are seeking an experienced Analyst to join the Sharing Economy Practice in State Farm's Product Line Management department. The selected candidate will be responsible for creating and supporting Sharing Economy Products within the admitted and excess and surplus (E&S) markets. The team is responsible for creating and supporting innovative large commercial products tailored for Transportation Network Companies, Delivery Network Companies, and Last Mile Delivery Companies. Additional consideration will be given to candidates with experience in the E&S market.

Primary Responsibilities

• Develops and applies key insights and capabilities for commercial insurance exposures and products for the sharing economy.
• Serves as a subject matter resource for the organization on P&C commercial lines specific to the digital economy.
• Collaborates extensively with multiple enterprise departments including but not limited to claims, actuarial, risk management, legal and underwriting partners.
• Apply expertise in the E&S market to develop and support products for the large, commercial, Sharing Economy clients and grow State Farm's Sharing Economy Practice.
• Collaborate with various departments within State Farm regarding product development and support.
• Advocate for the unique needs of Sharing Economy policyholders.
• Share industry knowledge to enhance product offerings and infrastructure.

• Minimum of 3 years' experience in the Excess and Surplus/non-admitted market. Experience from the carrier or broker perspective is preferred.
• Advanced knowledge of P&C Industry, underwriting concepts, practices, procedures and techniques, including but not limited to coverage issues, product lines, pricing, risk selection, actuarial concepts, reinsurance, DOI Regulations and competitive landscape preferred.
• Knowledge of excess and surplus, sharing economy, commercial lines, and auto underwriting preferred.
• Strong project management skills, able to manage competing priorities, and ability to own and drive projects to completion.
• Past successes creating immediate credibility as an extremely capable business expert.
• Understanding of primary level insurance needs of Sharing Economy companies, direct experience in this market is preferred.
• Experience with large, complex auto coverages.
• Experience with non-admitted reporting.
• High-level understanding of P&C rate making, policy/forms creation, and filings.
• Experience working with insurance brokers is beneficial.

Required Skills and Competencies

• Ability to thrive in a fast-paced environment and work effectively and collaboratively within team settings and build partnerships both internal and external.
• Strong analytical, interpersonal, and communication skills with the ability to effectively interact with all levels of management and external audiences.
• Flexibility and adaptability in a dynamic work environment.
• Initiative to drive projects and take proactive steps in problem-solving.
• Ability to work both independently and with a group.
• Critical thinking to analyze and address complex issues.
• Customer focus to understand and meet the needs of policyholders.
• Vision to foresee and plan for future market trends and demands as well as ability to envision requirements of a policy administration, billing and payment, and customer relationship management systems.
• Ability to influence other’s ability to understand the Sharing Economy market and how it's needs are different than other markets State Farm is accustomed to addressing.