Actuary Analysis Manager

Northbrook, Illinois
Not Specified
Sep 29, 2016
Nov 28, 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

Allstate insurance company has an exceptional career opportunity for an Actuary Analysis Manager in Northbrook, IL!

The Experience Analysis team is responsible for developing best estimate management assumptions and analysis / reporting of company experience.

Job Summary

Execute the REDAI process (Recognize, Evaluate, Develop, Approve, Implement) for actuarial / policyholder behavior assumptions. Perform research, analysis, and maintain exhibits for financial reporting. Support requests for company experience from auditors, regulators and industry studies. Lead development of transaction databases and new analytic capabilities. Manage and develop staff.

Key Responsibilities

 Execute on assumption recognition, evaluation, development, approval and implementation
 Champion studies or participate as a SME as appropriate
 Lead meetings, manage resources, address challenges
 Develop recommendations using best practices for data validation, exposure / credibility methods and other relevant actuarial concepts, benchmark internally and externally
 Complete documentation, peer reviews (internal and / or external), approvals, implementation
 Perform research, analysis, and maintain exhibits for financial reporting
 Provide actual-to-expected experience analysis for key risks
 Lead the consolidation of experience reporting requests and reporting throughout the company
 Publish communication reports, including a forward looking perspective of trends
 Solicit peer review and feedback from SMEs across AORs including Product, Finance, Claims, Underwriting
 Support requests for company experience from auditors, regulators and industry studies
 Manage annual data submissions and analysis for New York Mandatory Life Experience Reporting, X-factor Reporting, and ALIC Re Experience Reporting requirements
 Coordinate company participation in SOA industry surveys and studies
 Address auditor and regulator questions
 Support controls and other compliance items
 Lead development of new transaction databases and new analytic capabilities
 Be a key resource for the build-out from proof of concept through full implementation, providing input on variables and mappings needed
 Build new programs to use data once it's implemented, reconciling the results against current programs and data sources
 Build reporting dashboards with key insights to help drive management decisions

This position has direct reports
 Responsible for leading multiple staff and for building talent

Job Qualifications

 Advanced knowledge of life insurance company risks and experience analysis techniques
 Deep knowledge about mortality risk, morbidity risk, policyholder behavior, underwriting, reinsurance
 Deep knowledge of best practices and actuarial standards, especially around credibility / exposure methods
 Ability to research new and emerging practices, resourcefulness to use new concepts and apply to existing processes

Leadership and relationship management skills
 Ability to lead change
 Ability to translate business objectives into action plans
 Ability to think creatively
 Ability to motivate and influence others to help accomplish key tasks
 Ability to work across AORs, strong interpersonal skills

Organization and project/program management skills
 Strong presentation skills
 Strong oral and written communication skills
 Advanced strategic and analytic skills
 Advanced ability to manage many competing priorities
 Advanced experience using Microsoft suite and other data analysis tools (e.g. SAS, MatLab, etc.)

Management responsibility
 Ability to build talent
 Ability to help remove barriers for employee success

Work experience – Minimum 5-10 years work experience and 3-5 years management experience
 Professional certifications – FSA designation

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.