P&C Actuary Lead Consultant (Reserving)

Allstate Insurance Company; Northern (KY); Hybrid; USD 100,000 - 171,000; Full time

Job summary

Allstate Insurance Company in the United States seeks a P&C Actuary Lead Consultant to execute and manage complex reserve analyses, collaborating with Finance and Claims to evaluate reserve adequacy and volatility and to lead the creation of reserve narratives.

The role involves mentoring junior staff, applying advanced actuarial and statistical methods, and communicating results to leadership to influence business decisions and strategic directions.

Qualifications

• ACAS or FCAS certification
• Bachelor's degree (4-year) required
• 5+ years actuarial experience in P&C reserving or related area

Responsibilities

• Lead and perform reserve analyses using actuarial, statistical, and predictive modeling techniques.
• Evaluate reserve adequacy and volatility in collaboration with Finance and Claims.
• Mentor and review team work, ensuring quality of data and methodologies.

Skills

Analytics

P&C Insurance

Education

Bachelor's Degree

Job description

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 Actuary Lead Consultant job is responsible for executing and/or managing projects in support of P&C insurance reserving utilizing accepted actuarial and statistical standards, as well as methodologies and knowledge. This role works closely with reserving leadership and key business partners including Finance and Claims to evaluate reserve adequacy and volatility, monitor emerging loss trends, and lead the creation of a reserve narrative. Projects, responsibilities, and analyses will be of moderate to high complexity and support key business objectives.

Key Responsibilities

• 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 to projects that are moderate to high complexity and scale using accepted project management standards, with a high degree of independence
• Uses best practices to lead and perform highly complex, high impact reserve analyses, using creative actuarial, statistical and/or predictive modeling techniques, including proper documentation and evaluation, as appropriate to inform business decisions
• Leverages understanding of insurance business, claims operations, products, markets, and the broader economic environment to influence reserve reviews, business decisions, and communication strategy
• Mentors, guides, and reviews the work of less experienced talent and improves the analytical capabilities of the team
• Reviews, evaluates, and communicates appropriateness of reserving methodologies and results to leadership and business partners in a manner that is well understood and influence business decisions
• Responsible for selecting, reviewing, using, and ensuring quality of claims, exposure, and financial data used to perform reserve analyses, reserve monitoring, and actuarial projections

Certifications

• Associate of the Casualty Actuarial Society (ACAS) or Fellow of the Casualty Actuarial Society (FCAS)

Education

• 4 year Bachelors Degree

Experience

• 5 or more years of experience

Supervisory Responsibilities

• This job does not have supervisory duties.

Education & Experience (in lieu)

• In lieu of the above education requirements, an equivalent combination of education and experience may be considered.

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Skills

Analytics, Property & Casualty Insurance

Compensation

Compensation offered for this role is 100,000.00 - 170,500.00 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.

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.

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.

To help create a more personal and engaging experience, we ask that you join with your camera on if your interview is virtual. Please also have a Valid Photo Identification available at the start of your interview. If you require any accommodations or have questions ahead of your interview please reach out to your recruiter.

Note: Internal candidates are only asked to join on video; a Valid Photo Identification is not needed for the interview.