VP Head of PC Actuarial 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. As a leader in a corporation with 83,000 employees and agency force members, you’ll have a hand in transforming not only Allstate but a dynamic industry. 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 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:

The VP & Head of P&C Actuarial Reserving role is a remote based leadership position responsible for activities of actuarial staff involved in the analysis of losses and liabilities to ensure adequate reserving and overall financial strength across personal and commercial lines, including run-off reserving for Asbestos and Environmental exposures, for all Allstate brands.  This role leads a team of managers and analysts to execute highly complex and strategic projects, while leveraging broad functional expertise and knowledge of the business to serve as a subject matter expert across the organization. Responsible for engaging senior leadership to influence business decision related to line(s) and/or geographic areas.

Key Responsibilities:

• Leads P&C actuarial reserving across multiple business units and lines of business. Team includes actuaries and non-actuaries across a variety of skill levels and experience.
• Valuation of liabilities, calculation of reserves, testing of reserve adequacy, cash flow analysis, and other financial analysis and reporting for financial statements and forecasts. 
• Collaborates with key stakeholders to understand loss and loss expense dynamics and project reserve need
• Responsible for communicating aggregate reserving resulting.   Leads the quarterly Loss Committee Meeting that includes top executives.  Presents to Board of Directors.
• Provides assumptions and data to financial accounting and tax units for projecting future results on product lines and may participate in developing product investment strategy. 
• May handle state insurance matters, filings, and other studies and research.
• Works closely with external actuaries including auditors and Appointed actuaries
• Ensures that reserves are accurately recorded and reported appropriately
• Participates in M&A projects as needed; coordinating valuation efforts regarding target company reserves, processes and staffing
   

Supervisory Responsibilities:

This job does have supervisory duties.

Education and Experience:

• Minimum of 10 to 15 years of related experience in a large, complex organization, with a reputation for excellence.
• A bachelor’s degree in actuarial science/mathematics; an advanced degree is highly desired. 
   

Certificates, Licenses, Registrations:

• Fellowship of the Casualty Actuarial Society (FCAS) is required.

Functional Skills:

• Highly effective collaboration skills that enable influence at all levels, from C-suite to frontline management, often without direct leadership accountability over resources.
• Strong change agility - thrives in a complex, fast paced, rapidly evolving environment. Has led through transformational changes, developing a compelling vision, and executing against a plan
• Analytical, uses data and insights to inform decisions and promotes and environment that does the same. Fluent in digital strategies and technology advancements.
• Influential communicator – clear, honest, effective – across all levels, internally and externally; able to navigate and productively resolve conflict
• Demonstrate and foster a sense of urgency, strong commitment, and accountability while making sound decisions an