Note: this role is no longer available. Find roles from actively hiring companies at the link below.
Go Home
Allstate

Allstate

Actuary Director, Commercial

Actuary Director, Commercial

Apply Now
Job Details
""
Uploaded On
October 8, 2023
""
Location
United States
""
Remote?
No
Salary
$
k-$
k
Glassdoor Ratings
""
Recommend to a Friend
51%
""
Overall Score
3.4 / 5
[ The world isn't standing still, and neither is Allstate. We're moving quickly, looking across our businesses and brands and taking bold steps to better serve customers' evolving needs. That's why now is an exciting time to join our team. As a leader in a corporation with 83,000 employees and agency force members, you'll have a hand in transforming not only Allstate but a dynamic industry. You'll have opportunities to take risks, challenge the status quo and shape the future for the greater good.

You'll do all this in an environment of excellence and the highest ethical standards - a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities.

Everything we do at Allstate is driven by a shared purpose: to protect people from life's uncertainties so they can realize their hopes and dreams. For 89 years we've thrived by staying a step ahead of whatever's coming next - to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We've been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection. We are the Good Hands. We don't follow the trends. We set them.

Job Summary:

The Actuary Director, Commercial role is a remote based leadership position responsible for providing expert actuarial guidance in support of pricing small commercial and middle market auto and BOP lines of business. This role leads a team of managers and analysts to execute highly complex and strategic projects, while leveraging broad functional expertise and knowledge of the business to serve as a subject matter expert across the organization. Responsible for engaging senior leadership to influence business decision related to line(s) and/or geographic areas.

Key Responsibilities:

  • Uses best practices to develop and ensure appropriateness of highly complex actuarial/statistical analyses/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
  • Collaborates and influences outside business units to drive innovation in products and achieve corporate priorities by providing actuarial thought leadership
  • Manages oversight of all talent management for their expanded team including succession planning, compensation, development, bench strength, organizational structure changes, etc.
  • Manages teams that plan, implement, and/or contributes on projects that are high complexity and are of large scale using accepted project management standards that cross multi-disciplinary areas
  • Develops and executes effective communication strategies of highly complex actuarial and modeling 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.
  • Leverages understanding of insurance business, product, markets and regulatory environments to develop and lead pricing/reserving/modeling strategies to influence business decisions across the organization. Acts as a subject matter expert and serves on external panels/forums/rate hearings/provide Statement of Actuarial Opinion


Supervisory Responsibilities:

This job does have supervisory duties.

Preferred Qualifications:

Education and Experience
  • 10+ years of property and casualty pricing experience
  • Bachelor's degree required - preferably in related field of study such as actuarial science, math/applied math, statistics/applied statistics


Certificates, Licenses, Registrations
  • FCAS designation


Functional Skills.
  • Commercial lines pricing experience, preferably within auto and BOP. Reserving experience a plus.
  • Understanding of telematics (preferable, but not required)
  • 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
  • Advanced experience in leading the development/application of highly complex models as well as evaluating models of many types
  • Ability to use and/or instruct others in language usage to achieve results, can be considered a subject matter expert
  • Extensive product, price, 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

Allstate prides itself on offering our employees a robust Total Rewards package which includes base salary. The base range offered for the role is: $165-220K and may vary based on internal equity, and job-related skills, knowledge and experience; among other factors. The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.

#LI-WM1

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 is the Law" 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. ]
Apply Now

Working at 

Allstate

Allstate Corporation is one of the largest personal lines insurers in the United States, offering a range of insurance products including auto, home, renters, and life insurance. The company was founded in 1931 and is headquartered in Illinois, with operations in the United States, Canada, and other countries. Allstate is known for its innovative use of technology to improve the insurance experience for its customers, including the use of telematics to monitor driving behavior and offer discounts to safe drivers. The company also offers a variety of insurance products and services through its subsidiary companies, including Allstate Financial and SquareTrade. In addition to insurance, Allstate provides a range of financial services, including retirement planning, investment products, and banking services. The company is committed to social responsibility and supports a number of community initiatives, including disaster response and recovery efforts, education programs, and workforce development. Overall, Allstate is a respected leader in the insurance industry, known for its innovative products, financial stability, and commitment to social responsibility.