P&C Associate Actuary - Reserving
 Allstate Insurance | |
 United States, Illinois | |
 Jun 14, 2025 | |
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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 isrequired 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-OrientedCompensation 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. For jobs in San Francisco, please click "here" for information regarding the San Francisco Fair Chance 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 Company's policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee's 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. 
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