At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers' evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.
Job Description
This entry level role is responsible for executing projects in support of pricing/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 execute appropriate pricing, modeling and product strategies of low complexity to support business goals.
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The Actuarial Analyst, you will work closely with the Actuarial Pricing team, countrywide market teams, and other departments across the company to ensure appropriate monitoring of rate adequacy for personal property lines of business. This includes enhancements on the property rating plan as well as other countrywide property initiatives. The role offers an excellent opportunity to develop your actuarial pricing techniques, modeling, product knowledge, and communication and leadership skills.As the Actuarial Analyst you will be accountable for:Prepare Rate Indications, have a sound knowledge of indication methods and underlying assumptionsPerform Product and Price review (e.g. identifying segmentation opportunities) including preparation of recommendation and proposalSupport market teams for other profitability/growth initiativesPerform analysis to understand Allstate's competitive positionPerform and understand multi-variate analysis to develop or refine existing rating plansBecome an expert of the actuarial databases, and be able to analyze its contentsProviding actuarial support to other areas (Finance, Underwriting, Reserving etc.)Recommend improvements to process and maintain monitoring reportsSupport ad hoc requests from internal stakeholdersQualifications and Experience:Minimum 1-3 years of P&C experience (Pricing experience an assetMust possess strong programming skills (e.g. SAS/VBA)Strong understanding of theory underlying the indication assumptions and method (trends, loss development, profit provision, expense)Completion of CAS Exam 5 is an assetAble to communicate and present ideas clearlyStrong teamwork skillsAllstate Canada Group has policies and practices that provide workplace accommodations. If you require accommodation please let us know and we will work with you to meet your needs.Allstate Insurance Company of Canada is one of the country's leading producers and distributors of home and auto insurance products, serving Canadians since 1953. Allstate is committed to making a positive difference in the communities in which it operates and has partnered with organizations such as Mothers Against Drunk Driving and United Way. To learn more about Allstate Canada, visit www.allstate.ca .We're proud to have made Aon Hewitt's list of theBest Employers in Canada since 2012!
Skills
Business Analysis, Business Case Analyses, Customer Centricity, Data Analytics, Digital Literacy, Financial Analysis, Inclusive Leadership, Learning Agility, Results-Oriented
Joining our team isn't just a job - it's an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.
You'll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we've proven that Allstate empowers everyone to lead, drive change and give back where they work and live.
Good Hands. Greater Together.®