Actuarial Technician - Allstate Financial Job Listing at Allstate Insurance Company in Northbrook, IL (Job ID NOR05751)

Allstate Insurance Company

Allstate Insurance Company

Location: Northbrook, IL
Application deadline: None
Type: Full time
Career Level: Entry Level
Salary Range: Not specified
Number of Jobs: 1
Relocation Available: No
Show all jobs for Allstate Insurance Company
Industries
Insurance
Description
Are you interested in being a part of the ongoing success of the largest publicly traded insurance company in the U.S.? Do you want to bring your vision, skills and drive to a Fortune 100 company with over 83 years of financial stability? Does challenging work and unlimited professional growth potential excite you? Then a career in Life Actuarial Valuation and Analysis at Allstate is right for you Allstate Financial is a retirement savings and life division of The Allstate Corporation. We are a company of advanced technology, innovation products, and unlimited opportunity. Our current asset base of roughly $70 billion dollars is the result of a strong track record of growth. Allstate Financial is meeting the savings and protection needs of our customers through a well-diversified suite of product offerings. Examples include annuities, universal and term life insurance, 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. Job Description To provide support to Allstate Financial actuarial management in the implementation of procedures and to develop mathematical skills in handling data as a foundation for intermediate actuarial knowledge. Key Responsibilities
  • Gather and Synthesize Routine Actuarial Data Relating to Pricing, Valuation, Experience Analysis or Product Development
    • Use established objectives and procedures to gather and process actuarial related data
    • Quantify data as directed
    • Utilize available computer systems and sources in gathering data
    • Maintain actuarial databases and files
    • Process data as directed, learning compliance with insurance regulations and laws
  • Develop Actuarial Knowledge and Skills
    • Progress in SOA Exams
    • Advance actuarial knowledge by studying actuarial topics
    • Apply exam topics to work projects
    • Meet requirements of Allstate Financials Actuarial Career Program
  • Perform Analysis of Routine Actuarial (and Related) Items and Data
    • Gain knowledge of appropriate sources of data and when to use them
    • Review and test data for reasonableness and accuracy
    • Apply resolution of problems/discrepancies as they arise in projects
    • Evaluate competitive industry data
  • Communicate and Document Information
    • Document problems, procedures, and analysis of data
    • Create reports communicating actuarial data
    • Compose standard correspondence such as routine memos, inquiries, or responses
    • Attend and participate at meetings

Qualifications

  • At least 2 SOA exams
  • Prior actuarial internship
  • Advanced quantitative and analytical skills
  • Accounting and financial analysis experience
  • Insurance product knowledge
  • Microsoft Office proficiency and programming skills preferred
  • Strong organizational and time management skills and ability to work independently
  • Strong written and verbal communication skills
Education Minimum of a Bachelor's Degree with focus on Actuarial Science or a related area of study Careers @Allstate We are insurance. We are financial services. We are also so much more. We are lawyers, writers, web developers, accountants, building engineers, application developers, project managers and human resource specialists. We are creative, driven, passionate, fearless and curious. Our unique culture of inclusion helps us maximize innovation and creativity. We believe that welcoming differing ideas, cultures and backgrounds gives us a competitive advantage in a diverse, global marketplace. At Allstate, it's our differences that drive our success as individuals and as a company. We celebrate creative problem-solving as we work together to make a difference in our communities. We believe in providing the very best tools and resources available to help keep our customers and our employees in Good Hands. Connect with us on Twitter, Facebook, Pinterest and LinkedIn to find out for yourself... or hear from some of our employees in We Are Allstate Benefits and Perks - Pension plan PLUS 401K - Career path/succession planning - Mentoring programs - Tuition reimbursement - Inclusive work environment - Flexible schedules - Generous paid time off (with option to purchase additional days) - Medical, Dental, Vision, Life and Long Term Disability Insurance - Health and wellness benefits, including: nutrition/weight management, smoking cessation program, stress management, lifestyle coaching, financial resources - Adoption assistance program - Comprehensive health insurance plans - Flexible spending accounts (FSA) - Employee Resource Groups including Allstate Women's Information Network (AWIN), Professional Latino Allstate Network (PLAN), Allstate Asian American Network (3AN), Allstate Network of Gay and Lesbian Employees and Supporters (ANGLES), African American Working Network (AAWN), Young Professional Organization (YPO), Parents Working Together (PWT), Allstate Adoption Network (AAN) and Allstate Veterans Engagement Team and Supporters (AVETS) Join our award-winning team! Diversity, balance, innovation and providing an environment where employees can thrive. These are all core values at Allstate, and we have the awards to prove it: - The World's Leading Top 100 Companies Forbes magazine - Diversity Elite - America's Best 50 Companies for Minorities Fortune magazine - Top 100 Military Friendly Employers List - MilitaryFriendly.com - 50 Happiest Companies in America - CareerBliss - Best Places to Work for Recent Grads - ConnectEDU - 100 Best Companies for Working Mothers Working Mother magazine - Top 40 Best Companies for Hispanics to Work Hispanic Business magazine - Top 10 Companies for African Americans to Work DiversityInc - Top 100 Best Places to Work in IT Computerworld magazine - Top 100 Companies for Employee Training and Development Training magazine or Employee Training and Development Training magazine

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