P&C Associate Actuary - Reserving

The world isn’t standing still, and neither is Allstate. We’re moving quickly, looking across our businesses and brands and taking bold steps to better serve customers’ evolving needs. That’s why now is an exciting time to join our team. You’ll have opportunities to take risks, challenge the status quo and shape the future for the greater good.

 

You’ll do all this in an environment of excellence and the highest ethical standards – a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities.

 

Everything we do at Allstate is driven by a shared purpose: to protect people from life’s uncertainties so they can realize their hopes and dreams. For more than 89 years we’ve thrived by staying a step ahead of whatever’s coming next – to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We’ve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection.

 

We are the Good Hands. We don’t follow the trends. We set them.

Job Summary:

 

We have a newly created P&C Associate Actuary 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.

 

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 does have supervisory duties.

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
   

 

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

 

Notes:

The preceding description is not designed to be a complete list of all duties and responsibilities. May be required to perform other related duties as ass