Allstate Financial Actuary Technician

7 days left

Northbrook, Illinois
Not Specified
Sep 02, 2016
Nov 01, 2016
Job Type
Not Specified
Career Level
Not Specified

Where good people build rewarding careers.

Think that working in the insurance field can't be exciting, rewarding and challenging? Think again. You'll help us reinvent protection and retirement to improve customers' lives. We'll help you make an impact with our training and mentoring offerings. Here, you'll have the opportunity to expand and apply your skills in ways you never thought possible. And you'll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.

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 Financial's 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

This opportunity begins Winter 2016 or Summer 2017.

Job Qualifications

  • Minimum of a Bachelor's Degree with focus on Actuarial Science or a related area of study
  • Completed degree by June 2017
  • At least 1 SOA exam
  • Prior actuarial internship
  • Advanced quantitative and analytical skills
  • 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

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Good Work. Good Life. Good Hands®.

As a Fortune 100 company and industry leader, we provide a competitive salary – but that's just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you'll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.

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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.

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It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.