Senior Actuarial Assistant (Reserving)

The world isn’t standing still, and neither is Allstate. We’re moving quickly, looking across our businesses and brands and taking bold steps to better serve customers’ evolving needs. That’s why now is an exciting time to join our team. You’ll have opportunities to take risks, challenge the status quo and shape the future for the greater good.

You’ll do all this in an environment of excellence and the highest ethical standards – a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities.

Everything we do at Allstate is driven by a shared purpose: to protect people from life’s uncertainties so they can realize their hopes and dreams. For more than 89 years we’ve thrived by staying a step ahead of whatever’s coming next – to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We’ve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection.

Job Summary:

The Claim Reserves department is responsible for assuring that Allstate’s reserves for Property-Liability losses and claims expenses are adequate, accurately recorded, and properly disclosed.

The Sr. Actuarial Assistant job is responsible for executing and/or managing projects in support of reserving insurance business utilizing accepted actuarial and statistical standards, as well as methodologies and knowledge gained through on the job training. This role works closely with analytics management and key business partners to develop and execute appropriate reserving strategies of moderate complexity to support business goals.

Key Responsibilities:

• Uses best practices to determine appropriate analysis and performs moderate to highly complex analysis, 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 sometimes serves as a subject matter expert
• Plans, implements, manages, and/or contributes on projects that are moderate to highly complex and are of moderate scale using accepted project management standards, this work is primarily self-directed
• Communicates appropriateness of actuarial/modeling techniques and results to management and non-technical users to inform business decisions
• Responsible for selecting, reviewing, using and ensuring quality of data used to perform actuarial and statistical services and determination of appropriate tool utilization
• Leverages understanding of insurance business, products, markets and regulatory environments in the creation of business strategies and decisions, building expertise within a specialized area 
• May mentor and/or supervise less experienced talent

Preferred Qualifications:

Education and Experience 

• Bachelor’s degree required – preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics 
• 3-5 years of property and casualty pricing/reserving/modeling experience

Certificates, Licenses, Registrations

• Pursuing actuarial designation

Functional Skills

• Advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
• Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and various organizational levels
• Experience in using, modifying and building predictive models as well as adapting them to unique situations
• 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
• High level project management skills to independently handle multiple projects of moderate complexity
• Lead people/projects in a team environment

Compensation offered for this role is $93,000.00-$123,750.00 per year and is based on experience and qualifications.