Senior Actuarial Assistant Job Listing at Allstate Insurance Company in Northbrook, IL (Job ID NOR05447)

Allstate Insurance Company

Allstate Insurance Company

Location: Northbrook, IL
Application deadline: None
Type: Full time
Career Level: Associate
Salary Range: Not specified
Number of Jobs: 1
Relocation Available: No
Show all jobs for Allstate Insurance Company
Industries
Insurance
Description

The Senior Actuarial Assistant will support Allstate Business Insurance. This person is responsible for designing, developing, and updating new and existing rating plans for commercial insurance lines of business utilizing accepted actuarial standards and methodologies. He/She works closely with their Analytics Manager and Line Manager to develop appropriate pricing and product strategies of moderate to high complexity to support business goals. He/She typically has at least three years of actuarial pricing or rating plan development experience.

Individuals pursuing an actuarial designation would be placed in Band T3, Senior Actuarial Assistant, whereas individuals not pursuing an actuarial designation would be placed in Band C, Product Operations Senior Consultant. Pursuit of an actuarial designation is not a requirement for the job.

Key Responsibilities

Support/lead development, design and communication of new plans, programs, processes, and products

Performs qualitative and quantitative analysis of data to support development of rating plans and pricing for programs and products including modeling using Generalized Linear Model (GLM) techniques and retention studies

Evaluate moderately complex trend analysis (e.g., competitor analysis, risk management, financial)

Reviews and observe appropriateness of intermediate 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

Project Management

o Plan, implement, manage and/or contribute to projects that are moderate/high complexity (using accepted project management standards).

o Forecast short-term and long-term deliverables.

o Track individual plan performance and project timeline

o Communicate and presents project status

o Manage project team members

o Assess resource needs (including skills and training requirements)

o Solicits inputs from stakeholders

Evaluate procedures/processes regularly

Contribute to market share growth and profitability by recommending analyses, routine changes to products, pricing, risk management and providing expertise in their respective discipline(s)

Train/coach team members or peers and actively shares expertise with peers

Leverage understanding of current industry and professional standards/environment to impact decisions and indicate requirements

May supervise one or more entry level actuarial and/or quantitative analysts


Qualifications

  • Typically has at least three years of actuarial pricing or rating plan development experience

  • 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

  • Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and all organizational levels

  • High level organizational and project management skills in order to handle multiple concurrent assignments in a timely manner and to monitor processes throughout a team or department

  • Strong decision making skills

  • Works effectively in a team environment

Careers @Allstate We do everything we can to encourage, enhance, provide tools and promote growth in ways that are good for all, so we reach greater heights together. You'll be part of a company that's innovating new products and experiences. You'll be going beyond protecting people to developing ways to help them live smarter every day. You'll be doing more than mobilizing to get people back on their feet during catastrophes like hurricanes or wildfires. You'll be mobilizing efforts to bring awareness to teen driving safety and other issues affecting communities across the country. It takes of us. It takes the best of us. And it makes us better. You will make us better. Growth + Development + You One of the biggest misconceptions people make is assuming that the insurance industryisn't engaging, exciting or challenging. Weinvest millions each year in in-depth training,performance enhancement and personalmentoring programs designed to give youthe resources and relationships you needto remain stimulated while you apply anddevelop your interests and skills in ways younever thought of before. Through challengingassignments, rotational work experiences andspecialized advancement opportunities, you'llhave a place where you can forge your owncareer path and grow to your full potential. Connect with us onTwitter,Facebook,InstagramandLinkedInto find out for yourself... or hear from some of our employees inour short video:Good Work. Good Life. Good Hands. Benefits + Rewards + Balance As part of the Allstate team, a competitive salary is just the beginning. Our Total Rewardspackage also offers benefits like medical anddental as well as a robust pension and 401(k).It also packs in some of the most fulfilling work/life programs you'll find anywhere. And, you'll be compensated and rewarded along the way.
  • 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
  • On-site fitness center, doctor andpharmacy
  • On-site childcare
  • On-site oil changes, hair/nail salon, dry-cleaning, Starbucks Red Mango
  • 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


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