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Life Pricing Actuary

Allstate Insurance Company
Illinois, IL Full Time
POSTED ON 1/26/2025
AVAILABLE BEFORE 4/22/2025

At Allstate, great things happen when our people work together to protect families and their belongings from lifes 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 Life Pricing Actuary role is responsible for developing, managing and leading projects in support of pricing insurance business utilizing accepted actuarial and statistical standards, as well as methodologies and knowledge. This role works closely with key business partners to develop and execute appropriate pricing, modeling and product strategies of high complexity to support business goals related to line(s) and / or geographic areas. The individual has broad influence on peers, broader team and outside stakeholders. The individual will be a manager and leader within the actuarial department or be a leader through very advanced actuarial expertise and assist others with their knowledge.Key Responsibilities :

  • Uses best practices to develop and ensure appropriateness of highly complex actuarial / statistical analyses / methodologies used across the organization to influence and drive data-driven solutions of a broader nature
  • Provides thought and / or technical leadership, including contributions to improvement, development and innovation, and often serves as a subject matter expert across the organization
  • Plans, implements, manages, and / or contributes on projects that are moderate to high complexity and are of large scale using accepted project management standards that cross multi-disciplinary areas with no guidance
  • Reviews, evaluates and communicates appropriateness of highly complex actuarial / modeling techniques and results to team, leadership and external groups that are well understood and to influence business decisions
  • Leads a team of people and provides input on talent management aspects to leadership
  • Contributes to the development of department strategies which help achieve corporate business results
  • Responsible for selecting, reviewing, using and ensuring quality of data used to perform moderate to highly complex actuarial and statistical services and determination of appropriate tool utilization from a wide tool kit
  • Leverages understanding of insurance business, product, markets and regulatory environment to develop pricing / modeling strategies and influence business decisions. Acts as a subject matter expert and often serves on external panels / forums

Education and Experience :

  • 4 year Bachelors Degree (Preferred)
  • 8 years of relevant actuarial experience in Life Insurance. Experience pricing / managing group insurance preferred.
  • Certificates, Licenses, Registrations :

  • Fellow of Society of Actuaries (FSA) (Preferred)
  • Functional Skills :

  • Demonstrated advanced knowledge in the use and ability to learn a wide variety of tools, data sources and computer applications
  • Strategic thinker who is able to understand market dynamics to help lead product strategy
  • 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
  • Proven management experience required, including ability to train, develop and mentor people leaders
  • Advanced project management skills to independently handle multiple project of high complexity, that cross multi-disciplinary groups
  • LI-JB1

    Skills

    Customer Centricity, Digital Literacy, Inclusive Leadership, Learning Agility, Results-Oriented

    Compensation

    Compensation offered for this role is $143,200.00 - 227,050.00 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 isnt just a job its an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.

    Youll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, weve proven that Allstate empowers everyone to lead, drive change and give back where they work and live.

    Good Hands. Greater Together.

    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 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 (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.

    Salary : $143,200 - $227,050

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