P&C Actuary

Location
Work From Home
Salary
Competitive
Posted
Sep 21, 2022
Closes
Nov 20, 2022
Ref
114777734#GIJ--Allstate.1
Category
Actuary
Job Type
Not Specified
Career Level
Not Specified

The world isnt standing still, and neither is Allstate. Were moving quickly, looking across our businesses and brands and taking bold steps to better serve customers evolving needs. Thats why now is an exciting time to join our team. Youll have opportunities to take risks, challenge the status quo and shape the future for the greater good.

Youll 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.Plus, Allstate is changing how, when, and where we work-to lead us boldly into our future. We're empowering our employees to create better ways of working through more intentional use of communication and collaboration practices, processes and tools.

Everything we do at Allstate is driven by a shared purpose: to protect people from lifes uncertainties so they can realize their hopes and dreams. For more than 89 years weve thrived by staying a step ahead of whatevers 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. Weve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection. We are the Good Hands. We dont follow the trends. We set them.

Job Summary:

TheP&C Actuary role is responsible for developing, managing and leading projects in support of pricing 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 pricing, modeling and product strategies of high complexity to support business goals related to line(s) and/or geographic areas. Oversight for managing a team of analysts and broader influence on peers, broader team and outside stakeholder.

Key Responsibilities:

  • Uses best practices to develop and ensure appropriateness of highly complex actuarial/statistical analyses/methodologies used across the organization to influence and drive data-driven solutions of a broader nature
  • Provides thought and/or technical leadership, including contributions to improvement, development and innovation, and often serves as a subject matter expert across the organization
  • 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
  • Contributes to the development of department strategies which help achieve corporate business results
  • 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 from a wide tool kit
  • Leverages understanding of insurance business, product, markets and regulatory environment to develop pricing/reserving/modeling strategies and influence business decisions. Acts as a subject matter expert and often serves on external panels/forums

Supervisory Responsibilities:
This job has supervisory responsibilities

Preferred Qualifications:

Education and Experience

  • Bachelors degree required preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics
  • 10+ years of property and casualty pricing/modeling experience

Certificates, Licenses, Registrations

  • FCAS designation preferred

Functional Skills

  • Demonstrated advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
  • Excellent communication skills, including the ability to present written and verbal interpretations of highly specialized terms and data, to multi-disciplinary groups and all organizational levels
  • Advanced experience in leading the development/application of highly complex models as well as evaluating models of many types
  • Ability to use and/or instruct others in language usage to achieve results, can be considered a subject matter expert
  • Extensive product, price, risk management and insurance regulation knowledge, including professional standards of actuarial/statistical techniques
  • Advanced project management skills to independently handle multiple project of high complexity, that cross multi-disciplinary groups
  • Proven management experience required, including ability to train, develop and mentor people leaders

Compensation Data

Compensation range for this position is $155,000 to $213,000. Salary offered will be commensurate with experience. This position is bonus-eligible.

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 thats 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, youll 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 Allstates benefits, visit allstate.jobs/benefits

Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.

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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