Actuarial Assistant Job Listing at Allstate Insurance Company in Northbrook, IL

This position supports Allstate Business Insurance – Line Support.

The Actuarial Assistant supports pricing of commercial insurance lines of business utilizing accepted actuarial standards, methodologies, and knowledge gained through the pursuit of a professional designation in the Casualty Actuarial Society.   He/She works closely with their Analytics Manager and Line Manager to develop appropriate pricing and product strategies of moderate complexity to support business goals.   He/She typically has more than one year of pricing experience.

Key Responsibilities

§   Performs qualitative and quantitative analysis of data to support development of rating plans and pricing for programs and products

§   Performs basic to moderately complex actuarial functions in analysis of rating plans and product pricing

§   Performs and evaluates basic trend analysis (e.g., competitor analysis, risk management, financial)

§   Reviews and makes observations of appropriateness of standard actuarial formulae

§   Works closely, when appropriate, with internal partners to analyze rating models

§   Works closely, when appropriate, with external vendors to analyze external data and/or analyze rating models

§   Follows appropriate analyses to be conducted for projects to make recommendations to achieve corporate goals

§   Actively participates in actuarial development within the department

§   With minimal direction plans, implements, manages, and/or contributes on projects that are up to moderate complexity and are small-to moderate scale using accepted project management standards

§   Forecasts short-term and long-term deliverables with assistance

§   Tracks own plan performance and project timeline and communicates and presents project status

§   Ensures project controls are in place throughout the lifecycle of the project within own tasks

§   Assists in the development of communication strategies and materials to support new plans, programs, processes, products

§   Solicits inputs from stakeholders

§   Participates in the evaluation of procedures and processes regularly and makes observations or suggests improvements

§   Contributes to market share growth and profitability by recommending changes to products, pricing, risk management

§   Understands and follows internal and external compliance requirements/standards

§   Trains/coaches team members or peers and actively shares expertise with peers

Knowledge/Skills/Abilities/Experience:

§   More than one year of actuarial pricing experience preferred

§   Pursuing actuarial designation and has completed at least two actuarial exams.

§   Bachelor’s degree required – preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics, economics

§   Standard knowledge in the use of data sources and applications to conduct research; experience with SAS preferred

§   Has an understanding of current industry and professional standards/ environment to impact decisions and indicate requirements

§   Can analyze data and review analysis from others and identify and resolve basic data issues

§   Computer proficiency in Microsoft Office:   Intermediate – Excel, Intermediate – Word, Beginner – Outlook, Basic - PowerPoint

§   Possesses working knowledge of policies and procedures in management or other technical fields