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
Who is Allstate:
Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. The company is proud to have been named a Best Employer in Canada for nine consecutive years and prioritizes supporting employees and fostering an inclusive, welcoming corporate culture. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. Serving Canadians since 1953, Allstate strives to provide reassurance with its "You're in Good Hands®" promise.
Want more jobs like this?
Get jobs in Markham, Canada delivered to your inbox every week.
Through our Employee Value Proposition, Opportunity, Flexibility, Community, Diversity and Family, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options and truly enjoy the work they do.
Role Designation: Hybrid
Benefits to joining Allstate
- Flexible Work Arrangements
- Employee discounts (15% on auto and property insurance, plus many other products and services)
- Good Office program (receive up to 400$ back after purchasing office equipment)
- Student Loan Payment Matching Program for Government Student loans
- Comprehensive Retirement Savings Program with employer matched contributions
- Annual Wellness allowance to support employees with improving health and wellbeing
- Personal reflection day
- Tuition Reimbursement
- Working within the community and giving back!
Job description:
As a Senior Actuarial Analyst on the Reserving and Reinsurance (R&R) team, you will be part of the Finance Team at Allstate Canada Group (ACG). In R&R, we focus on the reserve analysis process and accurate posting of reserves while working closely with other areas such as Claims and Finance in order to make sure we are making the right decisions for the company and taking full advantage of each area's expertise. You will also be working on providing data and analysis to support the reinsurance strategy of the company. The candidate may also be exposed to the development/update of the capital model. The R&R team is part of the Actuarial program at Allstate and comes with the opportunity to rotate within the other actuarial roles during your career (Pricing, Data Science etc.). You will report to the Manager, Reserving and Reinsurance.
As a Senior Actuarial Analyst, your strength will be the analytics knowledge you bring to the table to ensure efficient and effective completion of the quarterly reserving reviews and recurring processes as well as developing or improving existing tools and standards implemented in order to enhance performance. We are looking for a confident individual with strong analytical abilities, prioritization and time management and communication skills. An ambitious individual who is eager to influence and drive the results for the organization would be a great fit for this role.
Accountabilities:
- Ensure efficient and effective completion of quarterly valuations and collaborate with Claims department to identify pressure points and drivers of the results
- Recommend and prepare bookings of IBNR for the quarterly review
- Participate in the Audit process (Internal, External)
- Assist in the Annual Preparation of the Appointed Actuary's Report
- Support Finance for explanation of monthly drivers and quarterly regulatory reporting
- Collaborate with the Business Planning team for the annual planning process and forecast updates
- Recommend and implement enhancements to the Reserving and Planning processes
Qualifications:
- Undergraduate degree in Actuarial Science or a relevant discipline
- Minimum of 3 years Property and Casualty experience in an analytical position, preferably in reserving
- Must have completed 4 to 6 exams of the Casualty Actuarial Society
- Strong knowledge of CIA Standards of Practice and regulatory requirements
- Good knowledge of actuarial reserving and insurance company operations and products
- Strong communication skills and comfortable presenting recommendations to various audiences
- Efficient at using Microsoft applications
Bonus qualification:
- ResQ experience an asset
Allstate 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
#LI-GL1
Skills
Actuarial Science, Property & Casualty Insurance
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.®