Director, Corporate Development -

Allstate Insurance Company; Chicago (IL); On-site; USD 187,000 - 268,000; Full time

Benefits offered by this job

Competitive compensation

Job summary

Allstate Insurance Company is seeking a seasoned executive to lead Corporate Development Strategy, sourcing and executing strategic mergers, acquisitions, and joint ventures in a fast-changing insurance market.

You will partner with executive leadership to prioritize opportunities, analyze financial outcomes, and coordinate multi-functional deal teams. A strong background in finance, strategy, and leadership is required, with experience in regulated industries preferred.

Qualifications

• 10+ years of progressive experience in corporate development, M&A, investment banking, private equity, strategy consulting, or related disciplines.
• Proven track record leading complex transactions from origination through execution and integration.
• Experience developing executive-level recommendations and influencing senior decision makers.
• Ability to lead cross-functional teams in highly complex environments.

Responsibilities

• Identify, evaluate, and prioritize strategic growth opportunities aligned to enterprise objectives.
• Develop and maintain a corporate development pipeline (acquisitions, divestitures, joint ventures).
• Monitor industry trends and market developments to identify opportunities and risks.
• Lead end-to-end execution of mergers, acquisitions, and joint ventures.

Skills

Strategic thinking

Financial modeling

M&A

Deal structuring

Relationship management

Executive influence

Cross-functional leadership

Market intelligence

Negotiation

Communication

Education

Bachelor's degree in Finance or Business

MBA or CFA/CPA or equivalent

Job description

Key responsibilities include:

Corporate Development Strategy

• Partner with executive leadership to identify, evaluate, and prioritize strategic growth opportunities aligned to enterprise objectives.
• Develop and maintain a corporate development pipeline, including acquisitions, divestitures, and joint ventures.
• Monitor industry trends, competitive dynamics, emerging technologies, and market developments to identify potential opportunities and risks.
• Provide strategic recommendations regarding portfolio optimization, capital deployment, and business growth initiatives.

Deal Sourcing & Relationship Management

• Cultivate and manage relationships with investment banks, advisors, and other external market participants.
• Develop proprietary and advisor-led deal flow to support enterprise growth objectives.
• Represent Allstate in discussions with external partners, acquisition targets, and stakeholders.

Financial Analysis & Valuation

• Lead rigorous financial modeling, business valuation, and scenario analysis to assess strategic alternatives and investment opportunities. Supplement with understanding of precedent market deals.
• Evaluate transaction economics, synergy opportunities, risks, and return expectations.
• Communicate valuation rationale, analytics, alternative valuations and recommendations to executive audience

Transaction Execution

• Lead end-to-end execution of mergers, acquisitions, and joint venture transactions.
• Direct cross-functional deal teams and coordinate diligence and deal activities across Finance, Accounting, Legal, Tax, Treasury, HR, Technology, Risk, Compliance, and business unit experts.
• Structure and negotiate transaction terms to optimize strategic and financial outcomes.
• Manage transaction timelines, governance requirements, and executive decision-making processes.
• Synthesize diligence findings into actionable recommendations for senior leadership.

Integration & Value Realization

• Partner with business leaders to develop integration strategies, operating models, and value creation plans.
• Establish frameworks to monitor synergy realization and transaction performance.
• Conduct post-acquisition and post-divestiture reviews to assess outcomes and capture lessons learned.

Leadership & Influence

• Build and develop a high-performing corporate development function.
• Influence senior leaders and business partners through strategic insight, data-driven recommendations, and trusted advisory relationships.
• Foster collaboration across enterprise stakeholders to drive alignment and successful execution of strategic initiatives.

Required Experience

• 10+ years of progressive experience in corporate development, mergers and acquisitions, investment banking, private equity, transaction advisory, strategy consulting, or related disciplines.
• Significant experience leading complex transactions from origination through execution and integration.
• Demonstrated experience developing executive-level recommendations and influencing senior decision makers.
• Proven ability to lead cross-functional teams in highly complex and ambiguous environments.

Preferred Experience

• Experience within financial services, insurance, fintech, or adjacent regulated industries.
• Experience partnering with executive leadership teams.
• Prior leadership responsibility for building and developing teams.

Education

• Bachelor's degree in Finance, Accounting, Economics, Business, or a related field.
• MBA, CFA, CPA, or other relevant advanced degree/certification preferred.

Key Success Profile / Competencies

• Strategic Thinking & Enterprise Perspective
• M&A and Transaction Expertise
• Financial Modeling & Valuation
• Negotiation & Deal Structuring
• Market & Competitive Intelligence
• Relationship Management
• Executive Influence & Communication
• Cross-Functional Leadership

Skills

Compensation

Compensation offered for this role is 187,000.00 - 268,000.00 annually and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation.

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact.

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.

Allstate provides a comprehensive technology setup, including a laptop, monitors, headset, keyboard, and mouse. Employees eligible to work from home also receive a monthly connectivity reimbursement to help offset internet costs.

When working from home, you must have a dedicated, private workspace free from distractions, along with appropriate desk and seating. Reliable internet is required, with minimum speeds of 50 MB download and 5 MB upload.