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Allstate is hiring an

Actuary (Life 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 Life Pricing Actuary role is responsible for developing, managing and leading projects in support of pricing insurance business utilizing accepted actuarial and statistical standards, as well as methodologies and knowledge. This role works closely with key business partners to develop and execute appropriate pricing, modeling and product strategies of high complexity to support business goals related to line(s) and/or geographic areas.

The individual has broad influence on peers, broader team and outside stakeholders. The individual will be a manager and leader within the actuarial department or be a leader through very advanced actuarial expertise and assist others with their knowledge.

Key Responsibilities:

  • Uses best practices to develop and ensure appropriateness of highly complex actuarial/statistical analyses/methodologies used across the organization to influence and drive data-driven solutions of a broader nature
  • Provides thought and/or technical leadership, including contributions to improvement, development and innovation, and often serves as a subject matter expert across the organization
  • Plans, implements, manages, and/or contributes on projects that are moderate to high complexity and are of large scale using accepted project management standards that cross multi-disciplinary areas with no guidance
  • Reviews, evaluates and communicates appropriateness of highly complex actuarial/modeling techniques and results to team, leadership and external groups that are well understood and to influence business decisions
  • Leads a team of people and provides input on talent management aspects to leadership
  • Contributes to the development of department strategies which help achieve corporate business results
  • 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 from a wide tool kit
  • Leverages understanding of insurance business, product, markets and regulatory environment to develop pricing/modeling strategies and influence business decisions. Acts as a subject matter expert and often serves on external panels/forums

Education and Experience:

  • 4 year Bachelors Degree (Preferred)
  • 8+ years of relevant actuarial experience in Life Insurance. Experience pricing/managing group insurance preferred.

Certificates, Licenses, Registrations:

  • Fellow of Society of Actuaries (FSA) (Preferred)

Functional Skills:

  • Demonstrated advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
  • Strategic thinker who is able to understand market dynamics to help lead product strategy
  • Excellent communication skills, including the ability to present written and verbal interpretations of highly specialized terms and data, to multi-disciplinary groups and all organizational levels
  • Advanced experience in leading the development/application of highly complex models as well as evaluating models of many types
  • Ability to use and/or instruct others in language usage to achieve results, can be considered a subject matter expert
  • Extensive product, price, risk management and insurance regulation knowledge, including professional standards of actuarial/statistical techniques
  • Proven management experience required, including ability to train, develop and mentor people leaders
  • Advanced project management skills to independently handle multiple project of high complexity, that cross multi-disciplinary groups


Compensation offered for this role is $165,500-$234,312 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.

It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee’s terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.

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