At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.
Job Description
The enterprise P&C Actuary Director role is responsible for the estimation of loss and expense reserves for Personal Insurance Property Damage Coverages, Runoff Property-Liability, and Catastrophe Reserving utilizing accepted actuarial and statistical standards, as well as methodologies and knowledge. The P&C Actuary Director assists the department Vice President with both specific tasks such as presenting at loss committee meetings and meeting/coordinating with the external auditors and actuaries. The Director provides expert level analysis and execution of current reserving processes and programs, benchmarks against industry techniques, and determines the reserving techniques to use in order to achieve department objectives. Responsible for engaging senior leadership to influence business decisions related to line(s) and/or geographic areas.Key Respnsibities
- Uses best practices to develop and ensure appropriateness of highly complex actuarial reserving methodologies used across the organization to influence business decisions while ensuring quality of data used to perform the analyses is appropriate and documentation standards are adhered to
- Manages oversight of all talent management for their expanded team including succession planning, compensation, development, bench strength, organizational structure changes, etc.
- Reviews and makes observations of appropriateness of highly complex loss reserving techniques in dynamic environments for multiple lines of business
- Develops and executes effective communication strategies of highly complex actuarial reserving techniques and results to influence complex business decisions across the organization
- Leads teams in understanding the link between Allstate's vision and strategies and department initiatives and drives achieving them. Develops department strategies and leads teams through them to help achieve corporate business results.
- Meets with, influences, and provides information to external auditors, external appointed actuary, and state departments of insurance
- Provides expert consultation on highly complex reserving issues
- Identifies and resolves complex data issues
- Trains/coaches team members or peers and actively shares expertise with peers
- Develops and adheres to internal and external compliance requirements and standards
Supervisory Responsibilities
- This job has supervisory duties
Education and Experience
- 4 year Bachelors Degree (Preferred)
- 12 or more years of experience (Preferred)
- In lieu of the above education requirements, an equivalent combination of education and experience may be considered.
Certifications, Licenses, Registration
- Fellow of the Casualty Actuarial Society (FCAS) or equivalent actuarial designation (Required)
Functional Skills
- Demonstrated advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
- Excellent communication skills, including the ability to present written and verbal interpretations of highly specialized terms and data, to multi-disciplinary groups and all organizational levels
- Ability to use and/or instruct others in language usage to achieve results, can be considered a subject matter expert
- Extensive reserving, risk management and insurance regulation knowledge, including professional standards of actuarial/statistical techniques
- Advanced project management skills to independently handle multiple projects of high complexity, that cross multi-disciplinary groups
- Proven management experience required, including ability to train, develop and mentor people leaders
- Mastery of complex loss reserving techniques
- Advanced knowledge of GAAP and Statutory Accounting principles
Skills
Business Strategies, Data Analytics, Performance Management (PM), Strategic Leadership, Strategy DevelopmentCompensation
Compensation offered for this role is 0.00 - 0.00 annually and is based on experience and qualifications.The candidate(s) offered this position will be required to submit to a background investigation.
Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact.
Allstate generally does not sponsor individuals for employment-based visas for this position.
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
For jobs in San Francisco, please click “here” for information regarding the San Francisco Fair Chance Ordinance.
For jobs in Los Angeles, please click “here” for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.
To view the “EEO Know Your Rights” poster click “here”. This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance Programs.
To view the FMLA poster, click “here”. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.
It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.
Allstate provides a comprehensive technology setup, including a laptop, monitors, headset, keyboard, and mouse. Employees eligible to work from home also receive a monthly connectivity reimbursement to help offset internet costs.
When working from home, you must have a dedicated, private workspace free from distractions, along with appropriate desk and seating. Reliable internet is required, with minimum speeds of 50 MB download and 5 MB upload.