Actuarial Assistant (P&C 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.

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

Job Summary:

The P&C Actuarial Assistant – Reserving is responsible for performing reserve estimates and reporting financial results utilizing accepted actuarial standards, methodologies and knowledge gained through on the job training. This role works closely with management and key business partners to execute on appropriate reserving strategies of low to moderately complex lines of business.

Key Responsibilities:

• Uses best practices, with limited coaching, to perform basic to moderately complex reserving analysis, using traditional actuarial 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 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

Education and Experience:

• Bachelors degree in related field of study such as actuarial science, math, or statistics
• 2 or more years of experience (Preferred) in an actuarial reserving position
• Successful completion of three or more actuarial exams with intent to pursue Fellow of the Casualty Actuarial Society (FCAS) designation

Functional Skills:

• Knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
• Advanced Microsoft Excel skills required. Working knowledge of Power Point and Word. Experience using Tableau or Power BI is a plus.
• Ability to code in SQL, Python, or R is a plus
• Strong written and verbal communication skills
• Basic insurance knowledge, including professional standards of actuarial techniques
• Ability to complete multiple concurrent assignments in a timely manner, with limited guidance
• Work effectively in a team environment

Notes:

Compensation offered for this role is $85,050-$118,612 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 Hands. Greater Together. ℠

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.