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Catastrophe Modeling Senior Consultant (Remote Opportunities)

Employer
Allstate Insurance Company
Location
Chandler, Arizona
Salary
Not Specified
Closing date
Aug 26, 2019

View more

Category
Risk Management
Job Type
Not Specified
Career Level
Not Specified

Job Details

Where good people build rewarding careers.

Think that working in the insurance field cant be exciting, rewarding and challenging? Think again. Youll help us reinvent protection and retirement to improve customers lives. Well help you make an impact with our training and mentoring offerings. Here, youll have the opportunity to expand and apply your skills in ways you never thought possible. And youll 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

The Catastrophe Modeling Senior Consultant provides support in the form of research and analytical assignments. They work closely with their manager on research assignments of high complexity, and are responsible for coordinating and leading exposure and model validation, the generation of average annual loss and probable maximum loss estimates, as well as support for the risk transfer work. They may also be responsible for providing technical support to the team.

Remote work opportunities may be available to qualified candidates at the manager's discretion.

Key Responsibilities

  • Catastrophe Risk Management and Ratemaking Support
  • Leads the validation of personal and/or commercial lines property exposure data
  • Leads the validation of personal lines auto exposure data
  • Leads the validation of the results produced from running Allstate exposure data through commercial catastrophe modeling software
  • Read, understand, and interpret technical documentation for models/perils
  • Leads the generation of hurricane factors, average annual loss damage ratios, and/or fire following provisions used by Pricing
  • Leads the annual update of loss adjustment expense for modeled perils
  • Drives the maintenance of CMASS (Catastrophe Modeling Analytical Software Suite), including PML Projection, Catastrophe Exposure management Reports, and Property Strategy Tool
  • Drives the generation of PML estimates
  • Drives the quarterly reporting of company distributions to Reinsurance Accounting
  • Provide support to Pricing with the annual Net Cost of Reinsurance and Retained Risk Provision work
  • Follows established procedures and processes to support Treasury with the annual rating agency questionnaires
  • Drives the support for the Catastrophe Risk Management work
  • Follows established procedures and processes to support the reporting of Real Time Loss Estimates
  • Determine appropriate analyses to be conducted for projects to make recommendations to achieve corporate goals
  • Plans, implements, manages, and/or contributes on projects that are of high complexity and are moderate scale using accepted project management standards
  • Analyze data and review analysis from others and identify and resolve basic data issues
  • Integrate and analyze data from multiple sources as to reach conclusions and make recommendations
  • Functions as the liaison between business units and systems or other areas of responsibility (e.g., Pricing, Reinsurance Accounting, Treasury, Protection Finance, and Enterprise Risk & Return Management) as required based on projects assigned

Key Responsibilities (Cont'd)

  • Organizational Effectiveness
  • Forecasts short-term and long-term deliverables
  • Tracks plan performance and project timeline and communicates and presents project status
  • Ensures project controls are in place throughout the lifecycle of the project
  • Directs and is responsible for work that needs to be performed by a team and/or direct reports
  • Assesses resource needs including skills and training requirements (when leading project teams and/or managing direct reports)
  • Determine where additional resources/expertise may be necessary to successfully complete projects/assignments
  • Develops communication strategies and materials to support deliverables
  • Completes project tasks as assigned and on-time
  • Actively builds strong relationships among teams and team members to ensure cooperation on project objectives
  • Trains/coaches team members or peers and actively shares expertise with peers
  • Serves as a subject matter expert for their respective discipline(s) from an internal perspective
  • Evaluates procedures and processes regularly and determines/recommends alternatives or improvements

Technical

  • Leads the monthly SQL audit process
  • Leads the software approval process
  • Leads the processes for creating new shared drives, granting access to/removing from shared drives, and requesting storage
  • Drives the effort to support the equipment/hardware in the computer lab
  • Create code to support the retrieval of exposure data
  • Create code to support the risk transfer work
  • Run catastrophe modeling software (e.g., Touchstone and CATRADER), including importing exposures, executing various runs, and exporting results
  • Train others on the use of the catastrophe modeling software
  • Leads the effort required (between Allstate and the modeling vendor) to keep the modeling software functioning, including updates/patches
  • Drive the effort needed to initiate projects with Allstate's technology group

Job Qualifications

    Bachelors degree or higher in mathematics, finance, economics or other related/quantitative field 4-6 years of Property & Casualty insurance experience with a primary carrier, reinsurer, and/or reinsurance intermediary Solid knowledge and understanding of commercially available catastrophe models Working knowledge of Actuarial Standards of Practice Basic understanding of accounting principles and financial reporting High level organizational and project management skills in order to handle multiple concurrent assignments Possesses intermediate working knowledge of policies and procedures in management or other technical fields Strong computer proficiency in Microsoft Office Strong proficiency of VBA, SAS, and/or SQL Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and all organizational levels Strong decision making skills
  • Works effectively in a team environment

Remote work opportunities may be available to qualified candidates at the manager's discretion.

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 thats 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, youll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.

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

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.

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It is the Companys policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employees 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, 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


Company

COMPANY INFORMATION The Allstate Corporation (NYSE: ALL) protects people from life's uncertainties with more than 113 million proprietary policies. Allstate offers a broad array of protection products through multiple brands and diverse distribution channels, including auto, home, life and other insurance offered through its Allstate, Esurance, Encompass, SquareTrade and Answer Financial brands. Allstate is widely known from the slogan "You're in Good Hands with Allstate." The Allstate Corporation is the largest publicly held personal lines property and casualty insurer in America. Allstate was founded in 1931 and became a publicly traded company in 1993. In 2023, Allstate was number 84 on the Fortune 500 list of largest companies in America. WHAT WE DO We’re more than insurance agents and claims representatives. We’re individuals with hopes, plans and passions. The biggest of which is helping people live smarter, safer lives. Doing so means continuing to re-imagine how we do what we do, the impact we can make on the world, ways we can each succeed in our own careers and actions we can take as a company that are good for all. To do that, we need all kinds of people – including lawyers, accountants, building engineers, project managers, marketing professionals, human resource specialists and so many more. WHO WE ARE – INCLUSIVE DIVERSITY    We hold each other accountable to encourage and embrace our collective differences. It’s our individual characteristics, values and beliefs, along with backgrounds and experiences that give us fresh perspective and purpose. We work harder, meet customer needs more effectively, share better, and identify more innovative ideas when we are accepted for who we are by the world around us. Our success comes from a chorus of many different voices. At Allstate, every voice counts.​ In our stand against racism, we’ve been making changes within Allstate. We’ve been listening, learning and engaging in change. We are focused on improving equity for all. Allstate is committed to long-term change not only in the way we conduct our business, but also for our employees. There’s a dynamic environment waiting for you here. You’ll find people with similar interests, as well as the many who’ll help expand your horizons. We believe in the power of connections. That’s why Allstate promotes diversity through a robust network of employee resource groups. It helps connect us all and supports our unique talents. Here are some of the available resource groups that actively support our employees: Abilities Beyond Limitations & Expectations African American Working Network Allstate Asian American Network Allstate Foster and Adoption Network Allstate PRIDE Allstate Veterans Engagement Team and Supporters Allstate Women’s Information Network Entrepreneurs at Allstate Families at Allstate Matter Native American Peoples at Allstate Professional Latino Allstate Network Young Professionals Organization WHY JOIN OUR COMPANY Allstate has been protecting people from life's uncertainties since 1931. We continuously develop and improve products and services so our customers can live well protected. For employees, we offer an environment that fosters innovative thinking and collaboration - where you'll be able to explore your ideas and feel proud of the work you do.  Our Benefits Allstate is dedicated to helping employees live happier and healthier lives. As a Fortune 100 company and industry leader, we provide a competitive salary and a benefits package that includes medical and dental insurance, tuition assistance, 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.  Growth and Development We support your desire to grow and provide opportunities to learn, explore new horizons, and follow your passion in a meaningful career. From access to hundreds of learning opportunities to in-house networking and rotational work experiences, Allstate is a place where you can forge your own path and expand your personal and professional potential. 
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