FreshRemote.Work

P&C Assistant Actuary - Reserving

Remote, Remote, US

The 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 Summary:

 

The P&C Assistant Actuary job under the Actuarial Reserving & Financial Support team is responsible for executing and/or managing projects in support of reserving Allstate Brand Private Passenger Auto Liability coverages and Personal Umbrella insurance utilizing accepted actuarial and statistical standards, as well as methodologies and knowledge. This role works closely with reserving management and key business partners to develop and execute appropriate reserving strategies of moderate to high complexity and to provide insights in support of business goals.

 

Key Responsibilities:

 

  • Uses best practices to lead/perform highly complex, high impact analyses, using creative actuarial/ statistical techniques, including proper documentation and evaluation, as appropriate to inform business decisions
  • Provides thought and/or technical leadership, including contributions to improvement, development and innovation, and often serves as a subject matter expert 
  • Plans, implements, manages, and/or contributes on projects that are moderate to high complexity and are of moderate scale using accepted project management standards, with no guidance
  • Reviews, evaluates and communicates appropriateness of actuarial/modeling techniques and results to team and leadership that are well understood and influence business decisions
  • 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
  • Leverages understanding of insurance business, products, markets and regulatory environment to influence reserving strategies and business decisions
  • Mentor and/or supervise less experienced talent

 

Education and Experience:

 

  • Bachelor’s degree required – preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics 
  • 5+ years of property and casualty reserving experience
     

 

Certificates, Licenses, Registrations:

 

  • ACAS designation preferred and pursuing FCAS designation

 

Functional Skills:

 

  • Advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
  • Advanced communication skills, including the ability to present written and verbal interpretations of highly specialized terms and data
  • Ability to code in one or more programming languages and manipulate large, complex data sets
  • Advanced product, reserving, risk management and insurance regulation knowledge, including professional standards of actuarial/statistical techniques
  • Advanced project management skills to independently handle multiple projects of high complexity, including managing the project work of others
  • Manage people/projects in a team environment, including ability to train, develop and mentor analysts

 

Notes:

The preceding description is not designed to be a complete list of all duties and responsibilities. May be required to perform other related duties as assigned. Regular, predictable attendance is an essential function of this job.

Compensation offered for this role is $123,900.00-$169,575.00 per year 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 Hands. Greater Together. ℠

 

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 https://www.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.

 

#LI-JB1

 

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 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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Job Profile

Regions

North America

Countries

United States

Benefits/Perks

Competitive salary Generous paid time off Generous paid time off policy Medical and dental insurance Paid Time Off Paid time off policy Pension Time off Time off policy Total Rewards package Training Tuition Assistance

Skills

Actuarial Actuarial science C Communication Compliance Data Documentation Evaluation Innovation Insurance Insurance regulation knowledge Investigation Leadership Math Mathematics Modeling Programming Project Management Risk Management Statistics Technical Technical Leadership Telematics Training

Tasks
  • Communication
  • Documentation
  • Evaluate actuarial techniques
  • Influence business decisions
  • Influence reserving strategies and business decisions
  • Investigation
  • Lead projects in reserving strategies
  • Manage data quality
  • Perform complex actuarial analyses
  • Project management
  • Training
Experience

5 years

Education

Actuarial science Bachelor's degree Business Math Statistics

Certifications

ACAS FCAS

Restrictions

Remote

Timezones

America/Anchorage America/Chicago America/Denver America/Los_Angeles America/New_York Pacific/Honolulu UTC-10 UTC-5 UTC-6 UTC-7 UTC-8 UTC-9