Assistant Actuary

(Reference code: 0004JR) Status: Full Time, Employee Location: Northbrook, IL 60062 Job Category: Accounting/Finance/Insurance Career Level:Experienced (Non-Manager) Education Level: Bachelor's Degree Job Description: The Allstate Corporation is the nation’s largest publicly held personal lines insurer. A Fortune 100 company, with $156 billion in assets, Allstate sells 13 major lines of insurance, including auto, property, life and commercial. Allstate also offers retirement and investment products and banking services. Allstate is widely known through the “You’re In Good Hands With Allstate®” slogan. Allstate was founded in 1931 and became a publicly traded company in 1993.Allstate Financial (AF) is a company of advanced technology, innovative products, and unlimited opportunity. Our current asset base of roughly $85 billion dollars is the result of a strong track record of growth. AF is meeting the protection and retirement needs of our customers through a well-diversified suite of product and service offerings. Examples of product offerings include annuities, universal and term life insurance, mutual funds, variable life insurance, and institutional investment products. These products are sold through approximately 50,000 licensed professionals including independent and captive insurance agents, Allstate personal financial representatives, brokers, banks, and financial advisors.   We are part of the Allstate Insurance Corporation.  Our purpose is to help people realize their hopes and dreams through products and services designed to protect them from life’s uncertainties and to prepare them for the future.  Our strategic vision is to reinvent protection and retirement for the consumer. The Economic Performance Measurement (EPM) team objective is to integrate economics within decision making and measurement processes at Allstate Financial.  This requires not only development of economic metrics, but also strategic coordination of processes the organization leverages to create value and manage risk.   The scope and responsibilities of this job are: Design and implement additional economic metrics to supplement current AF metrics related some or all of the following: overall financial performance; investments; risk profile; product pricing; ALM; product/line of business performance; strategic decision making; and capital management.  Coordinate with modeling and other internal production areas to ensure timely and accurate calculation of economic measurements.  Deliver periodic economic metric analysis and reports for senior management and business decision making and measurement.   Requires: Excellent financial modeling and analysis skills, as well as experience implementing or ability to implement measurement systems.  Personal initiative and project management capabilities.  Self starter, ability to work independently as well as among teams and people from all business areas, flexibility to adapt to changing priorities, keen attention to detail.  Creative thinker with research capabilities specifically around financial services value & risk management.  Strong oral and written communication skills.  Prior experience / familiarity with investments, life insurance, banking and/or corporate finance with specific roles in ALM, consulting, corporate planning, measurement/analysis, modeling and/or pricing; experience with FTP, economic or embedded value systems a plus. Ability and desire to evolve leadership responsibilities. ASA/FSA level actuaries; will consider non-actuaries with unique experiences reporting or using economic performance measurements. CFA, MBA, CERA a plus.Experience Required:4+ years relevant experience or significant potential Computer Proficiency:Sophisticated user of MS Office; prior experience/knowledge of investment/pricing/ALM modeling software/packages a plus. Education:College degree.   Major preference: Actuarial Science, Economics, Finance, Financial Engineering or equivalent  APPLY:Allstate is hiring immediately. If you live out of the area and are chosen for an interview, Allstate will arrange transportation to and from Chicago, overnight if necessary.  For those that are chosen for hire, relocation packages are also available.  To apply, simply click on the link below or contact our Actuarial Recruiting Team Lead, Meredith Layton at Mlay2@allstate.com .