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 P&C Senior Actuarial Assistant job is responsible for executing and/or managing projects in support of pricing 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 develop and execute appropriate pricing, modeling and product strategies of moderate complexity to support business goals.
Key Responsibilities: - Uses best practices to determine appropriate analysis and performs moderate to highly complex analysis, using creative actuarial, statistical and/or predictive modeling techniques, including proper documentation and evaluation, as appropriate to inform business decisions
- Provides thought and/or technical leadership, including contributions to improvement, development and innovation, and sometimes serves as a subject matter expert
- Plans, implements, manages, and/or contributes on projects that are moderate to high complex and are of moderate scale using accepted project management standards, this work is primarily self-directed
- Communicates appropriateness of actuarial/modeling techniques and results to management and non-technical users to inform business decisions
- Responsible for selecting, reviewing, using and ensuring quality of data used to perform actuarial and statistical services and determination of appropriate tool utilization
- Leverages understanding of insurance business, products, markets and regulatory environments in the creation of business strategies and decisions, building expertise within a specialized area
- May mentor and/or supervise less experienced talent
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
- 3-5 years of property and casualty pricing/modeling experience
Certificates, Licenses, Registrations
- Pursuing actuarial designation
Functional Skills
- Advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
- Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and various organizational levels
- Experience in using, modifying and building predictive models as well as adapting them to unique situations
- Ability to code in one or more programming languages and manipulate large, complex data sets
- Advanced product, price, risk management and insurance regulation knowledge, including professional standards of actuarial/statistical techniques
- High level project management skills to independently handle multiple projects of moderate complexity
- Lead people/projects in a team environment
Frequently cited statistics show that women and underrepresented groups apply to jobs only if they meet 100% of the qualifications. People rarely meet 100% of the qualifications. Allstate encourages you to break that statistic and to apply. We look forward to your application.
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Skills Data Analysis
Compensation Compensation offered for this role is 85,000.00 - 145,075.00 annually and is based on experience and qualifications.
The candidate(s) offered this position will be required to submit to a background investigation.
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. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger - a winning team making a meaningful impact. Allstate generally does not sponsor individuals for employment-based visas for this position.
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