Assistant Actuary

Job Summary:

The P&C Assistant Actuary job is responsible for executing and/or managing projects in support of pricing insurance business utilizing accepted actuarial and statistical standards, as well methodologies and knowledge. This role works closely with analytics management and key business partners to develop and execute appropriate pricing, modeling and product strategies of moderate to high complexity to support business goals.

Key Responsibilities:

• Uses best practices to lead/perform highly complex, high impact analyses, using creative actuarial, statistical and/or predictive modeling techniques, including proper documentation and evaluation, as appropriate to inform business decisions
• Provides thought and/or technical leadership, including contributions to improvement, development and innovation, and often serves as a subject matter expert
• Plans, implements, manages, and/or contributes on projects that are moderate to high complexity and are of moderate scale using accepted project management standards, with no guidance
• Reviews, evaluates and communicates appropriateness of actuarial/modeling techniques and results to team and leadership that are well understood and influence business decisions
• Responsible for selecting, reviewing, using and ensuring quality of data used to perform moderate to highly complex actuarial and statistical services and determination of appropriate tool utilization
• Leverages understanding of insurance business, products, markets and regulatory environment to influence pricing/reserving/modeling strategies and business decisions
• Mentor and/or supervise less experienced talent

Preferred Qualifications:

Education & Experience

• Bachelor’s degree required – preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics
• 5+ years of property and casualty pricing experience 

Certificates, Licenses, Registrations

• ACAS designation preferred and pursuing FCAS designation 

Functional Skills

• Advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
• Advanced communication skills, including the ability to present written and verbal interpretations of highly specialized terms and data
• Experience in leading the development/application of predictive models as well as evaluating models
• Ability to code in one or more programming languages and manipulate large, complex data sets
• Advanced product, price, risk management and insurance regulation knowledge, including professional standards of actuarial/statistical techniques
• Advanced project management skills to independently handle multiple project of high complexity, including managing the project work of others
• Manage people/projects in a team environment, including ability to train, develop and mentor analysts

Frequently cited statistics show that women and underrepresented groups apply to jobs only if they meet 100% of the qualifications. People rarely meet 100% of the qualifications. Allstate encourages you to break that statistic and to apply. We look forward to your application.  

Compensation offered for this role is $118,000.00-$161,500.00 per year and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Good Work. Good Life. Good Hands®.

As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life — including a generous paid time off policy.