P&C Associate Actuary - Reserving

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 enterprise P&C Associate Actuary - Reserving job is responsible for developing, managing and leading projects in support of reserving insurance business utilizing accepted actuarial and statistical standards, as well as methodologies and knowledge. This role works closely with analytics senior leadership and key business partners to develop and execute appropriate reserving strategies of high complexity to support business goals related to line(s) and/or geographic areas. Oversight for managing a team of analysts.

Key Responsibilities

• Responsible for actuarial reserving of private passenger auto physical damage coverages, homeowners, and specialty personal lines business  

• 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

• Leverages understanding of insurance business, products, markets and regulatory environment to influence pricing/reserving/modeling strategies and business decision

• 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

• Leads a team of people and provides input on talent management aspects to leadership

• 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

• 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

• Provides thought and/or technical leadership, including contributions to improvement, development and innovation, and often serves as a subject matter expert

• Ensures high quality data and information is provided in a timely manner to key stakeholders for auditing and actuarial opinion purposes

Education

• 4 year Bachelors Degree (Preferred)

• This position is required to have achieved the ACAS/FCAS designation

Experience

• 7 or more years of experience (Preferred)

Supervisory Responsibilities

• This job has supervisory duties.

Education & Experience (in lieu)

• In lieu of the above education requirements, an equivalent combination of education and experience may be considered.

Skills

Business Decisions, Business Strategies, Customer Centricity, Data Analytics, Digital Literacy, Financial Analysis, Inclusive Leadership, Leadership, Learning Agility, Performance Management (PM), Results-Oriented

Compensation

Compensation offered for this role is $112,000.00 - 196,750.00 annually and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation.

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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