P&C Associate Actuary - Reserving

Allstate Insurance Company; United States; Remote; USD 112,000 - 197,000; Full time

Job summary

A leading insurance company seeks an Associate Actuary specializing in Reserving to lead projects related to insurance business. The role involves managing teams, overseeing actuarial analyses, and influencing business decisions through complex reserving strategies. The ideal candidate will possess a Bachelor's degree and ACAS/FCAS designation, along with significant industry experience.

Qualifications

• Seven or more years of relevant experience preferred.
• Experience in actuarial reserving and oversight of a team.

Responsibilities

• Responsible for actuarial reserving of auto physical damage and homeowners.
• Communicates complex actuarial techniques to stakeholders.
• Manages large-scale projects and contributes to talent management.

Skills

Business Decisions

Data Analytics

Leadership

Education

Four-year Bachelor’s Degree

ACAS/FCAS designation

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, airbags, and graduated driving laws to being an industry leader in pricing sophistication, telematics, and device and identity protection.

Job Description

The enterprise P&C Associate Actuary - Reserving role involves developing, managing, and leading projects to support reserving insurance business using accepted actuarial and statistical standards, methodologies, and knowledge. This position collaborates closely with analytics senior leadership and key business partners to develop and execute complex reserving strategies aligned with business goals across lines and regions. The role includes oversight of a team of analysts.

Key Responsibilities

• Responsible for actuarial reserving of private passenger auto physical damage, homeowners, and specialty personal lines business.
• Develops and ensures the appropriateness of complex actuarial and statistical analyses and methodologies to influence business decisions within specific geographic areas and lines.
• Uses understanding of insurance products, markets, and regulatory environment to influence pricing, reserving, modeling strategies, and business decisions.
• Ensures high-quality data and appropriate tool utilization for complex actuarial services and determinations.
• Leads a team and contributes to talent management.
• Communicates complex actuarial/modeling techniques and results to stakeholders to guide business decisions.
• Manages and contributes to large-scale, cross-disciplinary projects using accepted project management standards.
• Provides technical leadership and serves as a subject matter expert.
• Ensures timely delivery of high-quality data for auditing and actuarial opinions.

Education

• Four-year Bachelor’s Degree (preferred)
• Must have achieved the ACAS/FCAS designation.

Experience

• Seven or more years of relevant experience (preferred)

Supervisory Responsibilities

This role includes supervisory duties.

Education & Experience (in lieu)

An equivalent combination of education and experience may be considered.

Skills

Business Decisions, Business Strategies, Customer Centricity, Data Analytics, Digital Literacy, Financial Analysis, Inclusive Leadership, Leadership, Learning Agility, Performance Management, Results-Oriented

Compensation

The annual salary range is $112,000 to $196,750, based on experience and qualifications.

The candidate will be required to submit to a background check. Allstate generally does not sponsor employment-based visas for this position.