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Actuarial Assistant (P&C Pricing)

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 Actuarial Assistant job is responsible for executing projects in support of pricing 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 execute appropriate pricing, modeling and product strategies of low to moderate complexity to support business goals.

Key Responsibilities:

  • Uses best practices, with limited coaching, to perform basic to moderately complex analysis, using traditional actuarial, statistical and/or predictive modeling techniques, including proper documentation and evaluation, to provide insights and meet business needs
  • Communicates analysis results to management and non-technical users, making recommendations and providing support for assumptions and methodologies
  • Manages, and/or contributes on projects that are moderate complexity and are of moderate scale using accepted project management standards, with limited guidance
  • With limited coaching, reviews and ensures quality of data used to perform actuarial and statistical services within multiple tools/applications
  • Leverages understanding of insurance business, products, markets and regulatory environments in the creation of business strategies and decisions, building expertise within a specialized area

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
  • 2-4 years of experience, one or more years of property and casualty pricing/reserving/modeling experience

Certificates, Licenses, Registrations

  • Pursuing actuarial designation

Functional Skills

  • Knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
  • Strong written and verbal communication skills
  • Experience in using and modifying predictive models as well as adapting them to unique situations
  • Ability to code in one or more programming languages and manipulate large data sets
  • Basic product, price, risk management and insurance regulation knowledge, including professional standards of actuarial/statistical techniques
  • Ability to complete multiple concurrent assignments in a timely manner, with limited guidance
  • Work effectively in a team environment

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 $85,050.00-$118,612.50 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.

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

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