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Business Analyst - Claims

State Farm
Bloomington, IL Full Time
POSTED ON 1/7/2025 CLOSED ON 1/13/2025

What are the responsibilities and job description for the Business Analyst - Claims position at State Farm?

Overview:
Interview Process:

The interview process will consist of a 3 step process; first round candidates may be invited to complete an on demand video interview; from the on demand video interview round, competitive candidates may be invited to participate in a case study. Following the case study, competitive candidates may be invited to a live hiring team interview.

Application deadline is expected to close on December 9, 2024.

We are not just offering a job but a meaningful career! Come join our passionate team!

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!

Potential starting salary range (annually) $66,071.65 - $105,000.00. Potential yearly incentive pay up to 15% of base salary; subject to pro-ration at time of hire.

Competitive Benefits, including:
  • 401k Plan
  • Health Insurance
  • Dental/Vision plans
  • Life Insurance
  • Paid Time Off
  • Annual Merit Increases
  • Tuition Reimbursement
  • Health Initiatives
  • For more details visit our Benefits Summary page

Work Arrangement:
HYBRID: Qualified candidates (in or near above listed hub locations) should plan to spend time working from home and some time working in the office as part of our hybrid work environment.

Atlanta- Park Center, Bloomington- Corporate, Dallas- CityLine or Phoenix-Marina Heights Hub location
  • SF Employees classified as remote are eligible to apply

**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:
We are seeking a highly skilled and detail-oriented Business Analyst to join our team. As a Business Analyst, you will be part of a team that is responsible for analyzing, visualizing, and reporting out data for first and third party Injury claims. Your expertise in coding and data management will be crucial in effectively analyzing data and providing valuable insights to drive business decisions. This role is critical in supporting our claims processes and enhancing our decision-making capabilities through insightful data analysis. If you are a highly motivated and analytical individual with a passion for data analysis and business intelligence, we encourage you to apply for this exciting opportunity. Join our team and contribute to driving data-informed decision making within our organization.

Responsibilities:
  • Extract, transform, and load data from multiple sources to support reporting and analytics initiatives.
  • Utilize coding skills in Excel Power Suite, SAS, SQL, Python, or other relevant languages to manage, transform, and analyze data.
  • Demonstrate proficiency in data retrieval and storing systems, data modeling, data visualization, and data warehousing using ETL tools, AWS-based analytics, and business intelligence concepts.
  • Analyze data to identify trends, patterns, and opportunities for improvement.
  • Create visually appealing and informative data visualizations to effectively communicate analysis results to various levels of management.
  • Prepare cohesive and understandable reports, summaries, and presentations to highlight key insights and recommendations.
  • Apply specialized knowledge of research and statistical techniques to enhance data analysis processes.
    Collaborate with cross-functional teams to understand business requirements and develop technical solutions to meet those requirements.
  • Modify existing technical solutions through design, coding, testing, and implementation.
  • Create and maintain automated data solutions for reports and analytics, ensuring accuracy and efficiency.
Qualifications:
  • Proven experience as a Business Analyst, preferably within the insurance industry.
  • Familiarity with first and third-party insurance claims processes.
  • Excellent communication skills, both written and verbal, with the ability to present data-driven insights clearly.
  • Demonstrated coding skills with multiple languages (e.g., Excel Power Suite, SAS, SQL, Python)
  • Demonstrated learning agility to quickly learn new technical skills and business acumen with immediately application of skills.
  • Strong problem-solving and resourcefulness competencies.
  • Demonstrated success with executing recurring reporting tasks including building, automating, troubleshooting, &
  • maintaining.
  • Demonstrated teamwork and communication competencies.
  • Ability to problem solve and work independently.
  • Ability to work in a high paced environment.

Salary : $66,072 - $105,000

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