Actuarial Quantitative Consultant II
Allstate Insurance Company testThe 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 Description
Job Summary:
The Actuarial Quantitative Consultant II job is responsible for performing reserve estimates, reporting financial results, and recording reserves utilizing accepted actuarial and accounting standards, methodologies and knowledge gained through on the job training. This role works closely with management and key business partners to execute appropriate reserving strategies of low to moderately complex lines of business.
Key Responsibilities:
- Uses best practices, with limited coaching, to perform basic to moderately complex reserve analysis, using traditional actuarial and financial techniques, including proper documentation and evaluation, to provide insights and meet business needs
- Prepares financial statements on a monthly/quarterly basis
- Communicates analysis results to management and non-technical users, making recommendations and providing support for assumptions and methodologies
- Records reserves on a monthly basis
- Manages, and/or contributes on projects that are of moderate complexity and are of moderate scale using accepted project management standards, with limited guidance
- Identifies and develops efficiencies in existing processes
- With limited coaching, reviews and ensures quality of data used to perform actuarial and financial services within multiple tools/applications
Supervisory Responsibilities:
This job does not have supervisory responsibilities
Job Qualifications
Preferred Qualifications:
Education and Experience
- Bachelor’s degree required – preferably in related field of study such as finance, math/applied math, or accounting
- 2-4 years of financial or reserving analysis experience
Certificates, Licenses, Registrations
- None required
Functional Skills
- Advanced analytical skills
- Advanced Microsoft Excel skills required. Working knowledge of Power Point and Word. Experience using Tableau or Power BI is a plus.
- Knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
- Strong written and verbal communication skills
- Ability to complete multiple concurrent assignments in a timely manner, with limited guidance
- Strong work ethic, including ability to follow-up, focus on details and take initiative
- Intellectual curiosity and drive for continuous improvement
- Strong oral and written communication skills, able to work effectively with employees both internal and external to the reserving function
- Strong interpersonal skills to work effectively in a team environment, in both in-person and remote settings
- Advanced time management skills and organization skills with the ability to adapt to the changing needs of the business
Compensation Data
Compensation range for this position is $56,000 to $80,000 per year, 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.
Good Work. Good Life. Good Hands®.
As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy. For a full description of Allstate’s benefits, visit allstate.jobs/benefits/
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Allstate generally does not sponsor individuals for employment-based visas for this position.
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