P&C Associate Actuary - Reserving

Allstate; United States; On-site; USD 112,000 - 197,000; Full time

Job summary

A leading company in the insurance industry is seeking a P&C Associate Actuary - Reserving to lead projects related to reserving strategies and manage a team of analysts. The role requires significant experience in actuarial methodologies and strong analytical skills to influence pricing and business decisions. Candidates must have a Bachelor's degree and the ACAS/FCAS designation.

Qualifications

• 4-year Bachelor’s Degree (preferred).
• Must have achieved ACAS/FCAS designation.
• 7 or more years of experience (preferred).

Responsibilities

• Responsible for actuarial reserving of private passenger auto and homeowners business.
• Leads a team and provides input on talent management to leadership.
• Plans and manages large-scale projects using accepted project management standards.

Skills

Business Decisions

Data Analytics

Financial Analysis

Leadership

Performance Management

Education

4-year Bachelor's Degree

ACAS/FCAS designation

Job description

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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 a step ahead of our customers’ evolving needs. We have been industry leaders in pricing sophistication, telematics, and device and identity protection.

Job Description

The enterprise P&C Associate Actuary - Reserving job is responsible for developing, managing, and leading projects in support of reserving insurance business utilizing accepted actuarial and statistical standards, methodologies, and knowledge. This role works closely with analytics senior leadership and key business partners to develop and execute appropriate reserving strategies of high complexity to support business goals related to lines and geographic areas. Oversight for managing a team of analysts.

Key Responsibilities

• Responsible for actuarial reserving of private passenger auto physical damage coverages, homeowners, and specialty personal lines business.
• Develops and ensures appropriateness of highly complex, high-impact actuarial/statistical analyses/methodologies to influence business decisions within a specific geographic/line focus.
• Leverages understanding of insurance business, products, markets, and regulatory environment to influence pricing, reserving, modeling strategies, and business decisions.
• Responsible for selecting, reviewing, using, and ensuring quality of data used for moderate to highly complex actuarial and statistical services and determining appropriate tool utilization.
• Leads a team and provides input on talent management to leadership.
• Reviews, evaluates, and communicates the appropriateness of highly complex actuarial/modeling techniques and results to team, leadership, and external groups to influence business decisions.
• Plans, implements, manages, and/or contributes to large-scale projects of moderate to high complexity using accepted project management standards.
• Provides technical leadership, including contributions to improvement, development, and innovation, often serving as a subject matter expert.
• Ensures high-quality data and information are provided in a timely manner to key stakeholders for auditing and actuarial opinions.

Education

• 4-year Bachelor's Degree (Preferred)
• Must have achieved the ACAS/FCAS designation

Experience

• 7 or more years of experience (Preferred)

Supervisory Responsibilities

• This job has supervisory duties.

Skills

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

Compensation

Offered salary ranges from $112,000 to $196,750 annually, based on experience and qualifications.

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

Additional policy and legal information regarding employment practices, nondiscrimination, and local ordinances are included in the original description.

Additional Details

• Seniority level: Not Applicable
• Employment type: Full-time
• Job function: Finance and Sales
• Industries: Insurance and Financial Services

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