P&C Actuarial Assistant - Reserving

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 P&C Actuarial Assistant - Reserving job is responsible for executing projects in support of reserving insurance business utilizing accepted actuarial and statistical standards, as well as methodologies and knowledge gained through on the job training. This role works closely with analytics management and key business partners to execute appropriate pricing, modeling and product strategies of low to moderate complexity to support business goals.

Key Responsibilities

• Uses best practices, with limited coaching, to perform basic to moderately complex analysis, using traditional actuarial, statistical and/or predictive modeling techniques, including proper documentation and evaluation, to provide insights and meet business needs

• Communicates analysis results to management and non-technical users, making recommendations and providing support for assumptions and methodologies 

• Manages, and/or contributes on projects that are moderate complexity and are of moderate scale using accepted project management standards, with limited guidance 

• With limited coaching, reviews and ensures quality of data used to perform actuarial and statistical services within multiple tools/applications 

• Leverages understanding of insurance business, products, markets and regulatory environments in the creation of business strategies and decisions, building expertise within a specialized area  

Education

• Bachelor’s degree required – preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics  

Experience

• 2-4 years of experience, one or more years of property and casualty pricing/reserving/modeling experience  

Supervisory Responsibilities

• This job does not have supervisory duties.

Certificates, Licenses, Registrations 

• Pursuing actuarial designation 

  

Functional Skills 

• Knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications 

• Strong written and verbal communication skills 

• Experience in using and modifying predictive models as well as adapting them to unique situations 

• Ability to code in one or more programming languages and manipulate large data sets 

• Basic reserving and insurance regulation knowledge, including professional standards of actuarial/statistical techniques 

• Ability to complete multiple concurrent assignments in a timely manner, with limited guidance 

• Work effectively in a team environment 

Travel

• Occasional Travel Required

Frequently cited statistics show that women and underrepresented groups apply to jobs only if they meet 100% of the qualifications. People rarely meet 100% of the qualifications. Allstate encourages you to break that statistic and to apply. We look forward to your application. 

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Skills

Actuarial Reserving, Analytics, Automation, Business Analysis, Business Process Development, Data Analytics, Financial Analysis, Python (Programming Language), R Programming

Compensation

Compensation offered for this role is $66,800.00 - 120,650.00 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.

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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.