Quantitative Associate Analyst (Hybrid)

Allstate Insurance Company; London; On-site; GBP 50,000 - 75,000; Full time

Job summary

Join a leading insurance company as part of the Economic Capital branch. This role involves quantitative analysis in risk modeling, focusing on time-series analysis and development of frameworks. The ideal candidate will hold a PhD in Econometrics or a related field and be proficient in programming. Flexible working options and diverse benefits are offered.

Benefits

Flexible leave

Health and dental insurance

Pension schemes

Discounts

World-class training

Clear career pathways

Work-life balance

Flexible working options

Qualifications

• PhD in Econometrics or related field or a Master’s with relevant experience.
• Experience in time series modeling is essential.
• Legal right to work in the UK; Allstate does not sponsor visas.

Responsibilities

• Research and develop time-series models across investment and risk types.
• Assist in managing and improving the enterprise risk modeling framework.
• Support in designing metrics for key Allstate initiatives.

Skills

Time series modeling

Programming in Matlab

Programming in R

Programming in Python

Education

PhD in Econometrics or related field

Master’s degree with 3+ years experience

Job description

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. For more than 90 years, our innovative drive has kept us ahead of our customers’ evolving needs, from advocating for seat belts, air bags, and graduated driving laws to leading in pricing sophistication, telematics, and device and identity protection.

Your role in the team

The Enterprise Economics & Risk Analysis (EERA) team is a cross-functional group operating at the core of decision-making at Allstate. The team quantifies and optimizes risk and return leveraging a comprehensive economic capital model. Led by the Chief Economist, the team includes members in the USA and UK and reports to the Chief Risk Officer, providing advice directly to the CEO, senior leadership, and the Board of Directors.

This is an exciting opportunity to join the Economic Capital branch of EERA to support economic capital decision-making and business-wide risk analysis. The role involves performing quantitative analysis and research, specifically dynamic multi-factor risk modeling and scenario analysis. It will also support the development of our Economic Capital framework based on multivariate conditional time series analysis. The team comprises econometricians, economists, quantitative analysts, coders, and financial analysts.

Key responsibilities

1. Research, develop, and implement time-series models across investment, underwriting, and other risk types.
2. Assist in managing and improving the enterprise risk modeling framework and scenario analysis.
3. Support the Measurement Science Center of Excellence in designing and evaluating metrics for key Allstate initiatives.

Essential Skills

• Legal right to work in the UK; Allstate does not sponsor visas for this role.
• A PhD in Econometrics or a related economics field, or a Master’s degree with 3+ years of relevant experience.
• Experience in time series modeling.
• Programming skills in Matlab, R, or Python.

Desirable Skills

• Knowledge of Bayesian Econometrics.
• Risk modeling experience.
• Understanding of macroeconomics, financial markets, and risk management.
• Ability to communicate complex ideas clearly to non-experts.
• Strong prioritization and deadline management skills.

Supervisory Responsibilities

This position does not include supervisory duties.

Application Deadline

Thursday, 6th June, 11:59 pm.

Join Our Team

Joining Allstate isn’t just a job — it’s an opportunity to advance your skills, challenge the status quo, and impact the future positively. We offer a flexible, inclusive environment recognized for diversity and empowerment.

What We Offer

Our benefits include flexible leave, health and dental insurance, pension schemes, and discounts. We invest in your development through world-class training and clear career pathways. We promote work-life balance with flexible working options.

Equal Opportunity Statement

Allstate NI is committed to equal employment opportunities, welcoming applications from all qualified individuals and actively encouraging women to apply. We conduct background checks via AccessNI on all successful candidates.