Actuarial Analyst - Full-Time
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 Description
Be innovative. Be a leader. Most importantly be your analytical, actuarial, awesome self.
Allstate is looking for more analytical leaders, subject matter experts who can drive decisions as Allstate transforms and evolves into the future. We are looking for soon-to-be college graduates to join our Pricing, Analytics and Actuarial Services team! This position will be either Home Based or Hybrid within our offices in either Northbrook (IL), Chicago (IL), or Chandler (AZ).
The actuarial analyst is responsible for executing projects in support of pricing insurance business utilizing accepted actuarial standards, methodologies, and knowledge gained through on the job training. They work closely with their analytics management and key business partners to execute appropriate pricing, modeling and product strategies to support business goals.Key Responsibilities:
- Uses best practices, with significant coaching, to review and analyze business data using traditional actuarial, statistical and/or predictive modeling techniques to provide insights and meet business needs
- With significant coaching, reviews and ensures quality of data used to perform actuarial and statistical services within multiple tools/applications
- Communicates analysis results to management and non-technical users, making recommendations and providing support for assumptions and methodologies
- Develops understanding of insurance business, products, and regulatory environments
- December 2022/ June 2023 Bachelors or Master's Degree candidates, preferably in related field of study such as actuarial science, math/applied math, or statistics/applied statistics
- Successful completion of one or more actuarial exams preferred, but not required
- Prior actuarial internship preferred, but not required.
- Basic knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications.
- Can analyze data and review analysis from others and identify and resolve basic data issues
- Strong written and verbal communication skills. High level organizational and project management skills in order to handle multiple concurrent assignments in a timely manner.
- Strong decision-making skills
- Work effectively in a team environment
A copy of your unofficial transcript is required for consideration. Please upload a copy of your unofficial transcript under the supporting documents section of your application.Compensation Data
The starting salary for this role is $64,200. The salary offered is based on qualifications and experience.
Compensation offered for this role is $64,200 and $94,500 and is 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 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
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.
For jobs in San Francisco, please click here for information regarding the San Francisco Fair Chance Ordinance.
For jobs in Los Angeles, please click here for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.
To view the EEO is the Law poster click here. This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance Programs
To view the FMLA poster, click here. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.
It is the Companys policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employees ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.