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
We have a newly created Actuarial Manager role within the Actuarial Reserving & Financial Support team that will be responsible for developing, managing and leading projects in support of reserving Allstate Brand Private Passenger Auto Physical Damage coverages, Homeowners, and Specialty Lines, as well as the Esurance personal lines business utilizing accepted actuarial and statistical standards, methodologies and knowledge. This role works closely with senior leadership and key business partners to develop and execute appropriate reserving strategies of high complexity and to provide insights in support of business goals. This role also has oversight for managing a team of analysts.
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Key Responsibilities:
- Uses best practices to develop and ensure appropriateness of highly complex, high impact actuarial/statistical analyses/methodologies to influence business decisions within a specific geographic/line focus
- 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 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
- 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 reserving strategies and business decisions
Supervisory Responsibilities:
- This job has supervisory responsibilities
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
- 7+ years of property and casualty reserving experience
Certificates, Licenses, Registrations
- FCAS designation preferred
Functional Skills
- Demonstrated 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, to multi-disciplinary groups and various organizational levels
- Ability to use and/or instruct others in language usage to achieve results
- Extensive product, reserving, 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, that cross multi-disciplinary groups
- Proven management experience required, including ability to train, develop and mentor people leaders
#LI-JB1
Skills
Business Strategies, Customer Centricity, Data Analysis, Data Analytics, Digital Literacy, Financial Analysis, Inclusive Leadership, Learning Agility, Performance Management (PM), Results-Oriented
Compensation
Compensation offered for this role is $112,000 - 196,750 annually 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.
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.®
Allstate generally does not sponsor individuals for employment-based visas for this position.
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
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