Allstate

P&C Actuary Director - Reserving

IL - Chicago · Director

No sponsorship$190k-$250kDetected 7 days ago

PythonMachine LearningData AnalysisLLMsAccountingPerformance ManagementLeadershipCommunicationGAAPActuarial ScienceLoss Reserving

About the role

At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties.
You'll have opportunities to regularly present to senior and executive level leadership up to and including the CEO, along with coordinating with and supporting the external appointed actuary, auditors, and state departments of insurance.
In short: your work will be seen, challenged, and acted upon at the highest levels of the company.

Own the reserve estimate. Develop, execute, and continuously improve highly complex actuarial reserving methodologies across multiple lines of business, ensuring data quality, methodology appropriateness, and documentation standards are best-in-class.
Lead reserving in dynamic environments. Review and challenge complex loss reserving techniques across multiple lines and provide expert consultation on the most difficult reserving questions.
Build the team. Own end-to-end talent management for an expanded team - succession planning, compensation, development, bench strength, and organizational design - and coach the next generation of reserving leaders.
develop and lead multi-year plans that drive measurable corporate business results.
Ensure control and compliance. Develop and adhere to internal and external compliance requirements, including GAAP, Statutory, and evolving regulatory expectations around model governance and AI.
Own the reserve estimate.
Develop, execute, and continuously improve highly complex actuarial reserving methodologies across multiple lines of business, ensuring data quality, methodology appropriateness, and documentation standards are best-in-class.

Fellow of the Casualty Actuarial Society (FCAS) or equivalent actuarial designation (required).
AI & Advanced Analytics Proficiency
The candidate(s) offered this position will be required to submit to a background investigation.
When working from home, you must have a dedicated, private workspace free from distractions, along with appropriate desk and seating.
Reliable internet is required, with minimum speeds of 50 MB download and 5 MB upload.

Business Strategies, Data Analytics, Performance Management (PM), Strategic Leadership, Strategy Development
Compensation
Allstate generally does not sponsor individuals for employment-based visas for this position.
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It is the Company's policy to employ the best qualified individuals available for all jobs.
Allstate provides a comprehensive technology setup, including a laptop, monitors, headset, keyboard, and mouse.
Employees eligible to work from home also receive a monthly connectivity reimbursement to help offset internet costs.

offered for this role is 190,000.00 - 250,000.00 annually and is based on experience and qualifications.
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.

Continuously benchmark reserving techniques against industry practice and bring forward the next generation of methods - from stochastic models to machine learning and AI-enabled reserving.
Connect Allstate's vision and enterprise strategies to department initiatives
Education & Credentials
Bachelor's degree (preferred); equivalent combination of education and experience will be considered.
Working proficiency with AI, machine learning, and generative AI as applied to reserving and broader actuarial work - including automated assumption selection and LLM-assisted documentation, analysis, and communication.

Allstate generally does not sponsor individuals for employment-based visas for this position

This listing is sourced directly from Allstate's careers page and normalized into a canonical job model.