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
The Senior Manager - Financial Support & Loss Recording role is responsible for developing, managing and leading projects in support of reserving insurance business utilizing accepted actuarial and financial standards, methodologies and knowledge. This role works closely with senior leadership and key business partners to develop and execute appropriate financial strategies of high complexity to support Allstate Brand and National General Brand business goals. Oversight for managing a team of analysts and broader influence on peers, broader team and outside stakeholder. This role will report directly to the Vice President of Actuarial Reserving & Financial Support.
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KEY RESPONSIBILITIES
- Leads newly created Financial Support and Loss&LAE Recording team, which has a core mandate of innovating and enhancing the Loss&LAE Recording processes for Allstate Brand and National General Brand
- Uses best practices to develop and ensure appropriateness of highly complex financial 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
- 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 reserving/financial services and determination of appropriate tool utilization from a wide tool kit
- Leverages understanding of insurance business, product, markets and regulatory environment to develop reserving/financial strategies and influence business decisions. Acts as a subject matter expert and often serves on external panels/forums
SUPERVISORY RESPONSIBILITIES
- This job has supervisory duties.
EDUCATION AND EXPERIENCE
- 4 year Bachelors Degree (Preferred)
- 10 or more years of experience (Preferred)
- In lieu of the above education requirements, an equivalent combination of education and experience may be considered.
- Experience with a monthly/quarterly Property & Casualty Insurer book close process
CERTIFICATIONS, LICENSES, REGISTRATIONS
- No Certification, License or Registration is required for the job.
FUNCTIONAL SKILLS
- Demonstrated advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
- 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
- Extensive financial and insurance regulation knowledge
- Advanced project management skills to independently handle multiple project of high complexity, that cross multi-disciplinary groups
- Proven management experience required, including ability to train, develop and mentor people leaders
Skills
Customer Centricity, Digital Literacy, Inclusive Leadership, Learning Agility, 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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