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Allstate is hiring an

Assistant Actuary (P&C)

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.

We are the Good Hands. We don't follow the trends. We set them.

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
  • Managing administrative responsibilities surrounding part time interns the department employs. This includes, but is not limited to, timekeeping, performance management, and project management.
  • Main contact for personal umbrella line of business, including strategic planning, project management, and best practice coordinator.
  • Main contact for Esurance product work, including strategic planning, project management, and best practice coordinator.

Supervisory Responsibilities:

This job does not have supervisory duties.

Education and Experience:

  • Bachelors Degree required - preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics
  • 5 or more years of property and casualty pricing experience

Certificates, Licenses, Registrations:

  • Associate of the Casualty Actuarial Society (ACAS) (Preferred)
  • Fellow of the Casualty Actuarial Society (FCAS) (Pursuing)

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 projects of high complexity, including managing the project work of others
  • Mentor and/or oversee work product of project contributors

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.

Notes: The preceding description is not designed to be a complete list of all duties and responsibilities. May be required to perform other related duties as assigned. Regular, predictable attendance is an essential function of this job.

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 Handsยฎ.

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.

Allstate generally does not sponsor individuals for employment-based visas for this position.

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