P&C Senior Actuarial Assistant
Allstate Insurance, Chicago, IL, United States
Overview
At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties. Our innovative drive has kept us a step ahead of our customers' evolving needs for more than 90 years. From advocating for seat belts, airbags and graduated driving laws, to leading pricing sophistication, telematics, and, more recently, device and identity protection, we remain focused on helping customers manage risk and protect what matters most.
Job Description
The P&C Senior Actuarial Assistant
is responsible for executing and/or managing projects in support of pricing 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 develop and execute appropriate pricing, modeling and product strategies of moderate complexity to support business goals.
Key Responsibilities
Uses best practices to determine appropriate analysis and performs moderate to highly complex analysis, using creative actuarial, statistical and/or predictive modeling 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 sometimes serves as a subject matter expert Plans, implements, manages, and/or contributes on projects that are moderate to high complex and are of moderate scale using accepted project management standards, this work is primarily self-directed Communicates appropriateness of actuarial/modeling techniques and results to management and non-technical users to inform business decisions Responsible for selecting, reviewing, using and ensuring quality of data used to perform actuarial and statistical services and determination of appropriate tool utilization Leverages understanding of insurance business, products, markets and regulatory environments in the creation of business strategies and decisions, building expertise within a specialized area May mentor and/or supervise less experienced talent
Preferred Qualifications
Education and Experience
Bachelor's degree required - preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics 3-5 years of property and casualty pricing/modeling experience
Certificates, Licenses, Registrations
Pursuing actuarial designation
Functional Skills
Advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and various organizational levels Experience in using, modifying and building predictive models as well as adapting them to unique situations Ability to code in one or more programming languages and manipulate large, complex data sets Advanced product, price, risk management and insurance regulation knowledge, including professional standards of actuarial/statistical techniques High level project management skills to independently handle multiple projects of moderate complexity Lead people/projects in a team environment
Note: This position may require background checks and is subject to all applicable laws and company policies. Allstate is an equal opportunity employer. We encourage applicants from all backgrounds to apply.
Compensation
Compensation offered for this role is 85,000.00 - 145,075.00 annually and is based on experience and qualifications.
Additional Information 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.
It is the Company's policy to employ the best qualified individuals available for all jobs. Discrimination against employees based on race, color, religion, sex, national origin, age, disability, veteran status, or other protected characteristics is prohibited.
For job-related accessibility information, please refer to the applicable state and local Fair Chance laws.
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At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties. Our innovative drive has kept us a step ahead of our customers' evolving needs for more than 90 years. From advocating for seat belts, airbags and graduated driving laws, to leading pricing sophistication, telematics, and, more recently, device and identity protection, we remain focused on helping customers manage risk and protect what matters most.
Job Description
The P&C Senior Actuarial Assistant
is responsible for executing and/or managing projects in support of pricing 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 develop and execute appropriate pricing, modeling and product strategies of moderate complexity to support business goals.
Key Responsibilities
Uses best practices to determine appropriate analysis and performs moderate to highly complex analysis, using creative actuarial, statistical and/or predictive modeling 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 sometimes serves as a subject matter expert Plans, implements, manages, and/or contributes on projects that are moderate to high complex and are of moderate scale using accepted project management standards, this work is primarily self-directed Communicates appropriateness of actuarial/modeling techniques and results to management and non-technical users to inform business decisions Responsible for selecting, reviewing, using and ensuring quality of data used to perform actuarial and statistical services and determination of appropriate tool utilization Leverages understanding of insurance business, products, markets and regulatory environments in the creation of business strategies and decisions, building expertise within a specialized area May mentor and/or supervise less experienced talent
Preferred Qualifications
Education and Experience
Bachelor's degree required - preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics 3-5 years of property and casualty pricing/modeling experience
Certificates, Licenses, Registrations
Pursuing actuarial designation
Functional Skills
Advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and various organizational levels Experience in using, modifying and building predictive models as well as adapting them to unique situations Ability to code in one or more programming languages and manipulate large, complex data sets Advanced product, price, risk management and insurance regulation knowledge, including professional standards of actuarial/statistical techniques High level project management skills to independently handle multiple projects of moderate complexity Lead people/projects in a team environment
Note: This position may require background checks and is subject to all applicable laws and company policies. Allstate is an equal opportunity employer. We encourage applicants from all backgrounds to apply.
Compensation
Compensation offered for this role is 85,000.00 - 145,075.00 annually and is based on experience and qualifications.
Additional Information 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.
It is the Company's policy to employ the best qualified individuals available for all jobs. Discrimination against employees based on race, color, religion, sex, national origin, age, disability, veteran status, or other protected characteristics is prohibited.
For job-related accessibility information, please refer to the applicable state and local Fair Chance laws.
#J-18808-Ljbffr