Internship Catastrophe Risk Management Jobs in Arizona

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!

Office Location(s): Bloomington, IL; Dunwoody GA; Richardson, TX; Tempe, Arizona

Hybrid Work Arrangement:   In this position, you should plan to spend time working in the office two-days per week and remotely (with the ability for same day travel to and from your assigned office location) as part of a hybrid work arrangement. Work arrangements could change over time based on business need. Your manager will share additional information regarding your department’s approach and what it means for you.

*****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*****

Responsibilities

As a Catastrophe Researcher within the P&C Actuarial department, you will collaborate with colleagues to advise State Farm in managing catastrophe risk. Your focus will be split between providing catastrophe model output and analytics for end users (25% to 50%) and R&D endeavors (50% to 75%). Experience using, interpreting, adjusting, and validating outputs and underlying assumptions of catastrophe models is preferred.  

You will be joining a growing analytics team that produces innovative solutions in a collaborative and results-driven environment.

Primary Responsibilities:

• Execute upon all aspects of catastrophe modeling, including data preparation and validation, portfolio analysis and postprocessing, reporting of results, data visualization and mapping.
• Be responsive to a range of queries from internal and external stakeholders on topics including property exposure data, real-time cat events, cat model validation and view of risk.
• Strategic thinking, problem solving, and communication of technical concepts to a range of stakeholders are core to success in this role.
• Conduct independent research on catastrophe risk topics and apply findings to inform various insurance industry outcomes.

Qualifications

We Are Looking for Candidates With:

• 4+ years experience in catastrophe modeling and/or risk management
• High level of proficiency in data analysis, manipulation, and visualization tools and program languages such as SQL, Excel, R, Python.
• Experience with cat modeling software (i.e. Verisk, Moodys, Cotality) and an understanding of model methodology, practical uses, and limitations.
• Knowledge of property insurance
• The ability to lead technical, business, and research projects, managing all aspects to successful completion.
• The ability to manage multiple tasks and projects simultaneously in a results-driven environment
• Excellent oral and written communication skills and ability to explain technical concepts succinctly.
• Advanced degree in Mathematics, Statistics, Computer Science, Meteorology or related Catastrophe Science disciplines. Recent (within past 2 years) graduates will be required to provide school transcripts.

*****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*****

Our Benefits

Because work-life balance is a priority at State Farm, compensation is based on our standard 38:45-hour work week!

• Potential starting salary range: $97,000 - $140,000
• Starting salary and job level 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!

Qualifications:

We Are Looking for Candidates With:

• 4+ years experience in catastrophe modeling and/or risk management
• High level of proficiency in data analysis, manipulation, and visualization tools and program languages such as SQL, Excel, R, Python.
• Experience with cat modeling software (i.e. Verisk, Moodys, Cotality) and an understanding of model methodology, practical uses, and limitations.
• Knowledge of property insurance
• The ability to lead technical, business, and research projects, managing all aspects to successful completion.
• The ability to manage multiple tasks and projects simultaneously in a results-driven environment
• Excellent oral and written communication skills and ability to explain technical concepts succinctly.
• Advanced degree in Mathematics, Statistics, Computer Science, Meteorology or related Catastrophe Science disciplines. Recent (within past 2 years) graduates will be required to provide school transcripts.

*****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*****

Education:UNAVAILABLEEmployment Type: FULL_TIME