Jobs · Sales · Illinois

P&C Actuary Director - Reserving

Allstate · Chicago, IL · 1 mo ago
HybridSalesFull-time
We need to output HTML fragment with sections: About the role? The posting includes description. We need headings for sections that have content: maybe "About the role", "Responsibilities", "Requirements", "Qualifications", "Skills", "Benefits", "Pay", "Schedule". We must include only sections with real content. Let's parse. The posting includes: - Intro paragraph about Allstate (maybe "About the role"? Actually it's about company). Could be "About the role" or "About Allstate". The instruction: use

for section headings (e.g. About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule). So we can use those headings if content matches. We need to decide which sections have substantive content. Content sections: - "Why This Role" (description of role). Could be "About the role" or maybe "Why This Role". But we stick to allowed headings; "About the role" seems appropriate. - "What You'll Do" -> Responsibilities. - "Executive Exposure & Impact" maybe part of responsibilities or could be separate but not required. Could be part of responsibilities. - "What You'll Bring" includes Education & Credentials, Technical & Analytical Skills, AI & Advanced Analytics Proficiency, Executive Communication & Influence, Leadership & Management, Project & Program Management, Supervisory Responsibilities, Skills (list). This could be Requirements, Qualifications, Skills. We need to separate: Education & Credentials -> Qualifications? Or Requirements? Usually Requirements includes education, experience, credentials. Qualifications maybe similar. We'll decide. We have "Compensation" section with pay range. We have benefits: "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. 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." That's benefits/equipment. Could be Benefits. We have schedule? Not explicit. There's mention of travel within local area or to offices on a regular basis, in-person experiences. Not a schedule. So we should not create Schedule section unless explicit. We have Pay section: compensation range. We have maybe "Benefits" section for tech setup and connectivity reimbursement. We have "Skills" maybe list: Business Strategies, Data Analytics, Performance Management (PM), Strategic Leadership, Strategy Development. That's a list of skills. We need to avoid boilerplate: EEO, legal, visa, etc. Remove those. We must preserve all substantive information; do not invent or summarize away detail. So we need to keep all details from the posting, but we can reformat into HTML. We must not repeat job title as heading. No Job ID. We must not include duplicated lines. We need to output only HTML fragment. Let's extract substantive content: Intro paragraph: "At Allstate, great things happen when our people work together to protect families and their belongings from life’s 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." That's about company; could be part of About the role. Then "Job Description Why This Role This is a signature seat within the enterprise P&C actuarial organization — a role designed for a senior reserving leader who wants direct line-of-sight to the top of the house. You will own the estimation of loss and expense reserves across Auto Injury and Business Insurance, and you'll do it with a rare combination of technical depth, executive influence, and enterprise reach. 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. As a Director, you won't just deliver results — you'll shape culture, sharpen the craft, and set the standard for how modern reserving is done. We value in-person, connected experiences with your team and Allstaters across the enterprise, which will require travel within your local area or to one of our offices on a regular basis." That's role description. Then "What You'll Do 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.Influence the enterprise. Present at Loss Reserve Committee meetings and translate complex actuarial results into clear, decision-ready insights for the CFO, Chief Accounting Officer, and CEO, as well as business unit presidents and finance leadership.Benchmark and modernize. 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.Engage external stakeholders. Serve as a primary point of contact for auditors, the external appointed actuary, and state departments of insurance; represent the company with credibility and command.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.Set strategy. Connect Allstate's vision and enterprise strategies to department initiatives; 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." Then "Executive Exposure & Impact This role sits close to the decision-making core of the company. Your voice will shape how the company communicates reserve adequacy to the Board, the Street, and regulators." Then "What You'll Bring Education & Credentials Bachelor's degree (preferred); equivalent combination of education and experience will be considered.Fellow of the Casualty Actuarial Society (FCAS) or equivalent actuarial designation(required).12+ years of progressive P&C actuarial experience, with meaningful depth in reserving." Then "Technical & Analytical Skills Deep expertise in loss reserving methodologies (chain-ladder, Bornhuetter-Ferguson, Cape Cod, stochastic reserving, individual claim-level models) and advanced actuarial/statistical techniques.Strong knowledge of insurance reserving frameworks, ERM, capital, and regulatory requirements (GAAP, Statutory).Ability to quickly master and apply a broad range of analytical tools, data sources, and software applications." Then "z AI & Advanced Analytics Proficiency 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.Familiarity with AI governance and model risk management frameworks (e.g.,CAS AI guidance) and the ability to responsibly deploy AI in a regulated environment.Comfort using AI/GenAI tools (e.g., Copilot, Python/R ML libraries) to accelerate model development, benchmarking, exhibits, and executive-ready reporting." Note there's a stray "z" before AI & Advanced Analytics Proficiency; likely a typo. We'll keep the content. Then "Executive Communication & Influence Exceptional communication skills — able to craft and deliver clear, compelling, executive-ready messages, and to translate highly technical concepts for CFO/CAO/CEO-level audiences.Proven ability to influence upward, downward, and laterally; builds alignment and drives outcomes without relying on positional authority.Coaches others on the proper use of technical and analytical language and serves as a subject-matter expert to internal partners." Then "Leadership & Management Proven leadership experience, including developing people leaders and building high-performing actuarial teams.Leads with empathy and clarity through organizational changes; builds trust and sustains engagement in an evolving company environment." Then "Project & Program Management Advanced program management capability, with a track record of independently leading multiple high-complexity, cross-functional initiatives on time and on quality." Then "Supervisory Responsibilities This role has direct supervisory responsibility for a team of actuarial leaders and analysts across Auto Injury and Business Insurance." Then "Skills Business Strategies, Data Analytics, Performance Management (PM), Strategic Leadership, Strategy Development" Then "Compensation Compensation Compensation offered for this role is 190,000.00 - 250,000.00 annually and is based on experience and qualifications. The candidate(s) offered this position will be required to submit to a background investigation." Then "Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger – a winning team making a meaningful impact." Then "Allstate generally does not sponsor individuals for employment-based visas for this position." (visa info - maybe we should remove as boilerplate? It's not EEO/legal but it's about visa sponsorship. The instruction says remove cookie/navigation/legal/EEO/equal-opportunity/scam-warning boilerplate. Visa sponsorship might be considered legal? Not sure. It's not EEO but it's about visa. Might be considered legal. Safer to remove? The instruction: "Remove cookie/navigation/legal/EEO/equal-opportunity/scam-warning boilerplate". Visa sponsorship is legal. So remove. Then Indiana HEA etc. That's legal boilerplate; remove. Then San Francisco Fair Chance etc; remove. Then Los Angeles Fair Chance etc; remove. Then EEO Know Your Rights poster; remove. Then FMLA poster; remove. Then policy statement about discrimination; remove. Then Allstate provides a comprehensive technology setup... (that's benefits). Keep. Then "Employees eligible to work from home also receive a monthly connectivity reimbursement..." Keep. Then "When working from home, you must have a dedicated, private workspace..." Keep. Then "Reliable internet is required, with minimum speeds of 50 MB download and 5 MB upload." Keep. Now we need to structure sections. Potential sections: - About the role (intro + Why This Role + maybe Executive Exposure & Impact? Could be part of About the role). We'll include intro paragraph and Why This Role and Executive Exposure & Impact as part of About the role. - Responsibilities (What You'll Do) - Requirements (Education & Credentials, Technical & Analytical Skills, AI & Advanced Analytics Proficiency, Executive Communication & Influence, Leadership & Management, Project & Program Management, Supervisory Responsibilities) maybe combine. - Qualifications (maybe same as Requirements). But we need to avoid duplication. Could split: Requirements (education, experience, credentials) and Skills (technical & analytical, AI, communication, leadership, project management). Then Skills section for the list of skills (Business Strategies, etc). However the instruction says use headings like Skills, Benefits, Pay, Schedule. So we can have Skills heading for the list of skills. Thus: - About the role (h3) containing intro + Why This Role + Executive Exposure & Impact. - Responsibilities (h3) containing What You'll Do. - Requirements (h3) containing Education & Credentials. - Qualifications (h3) containing Technical & Analytical Skills, AI & Advanced Analytics Proficiency, Executive Communication & Influence, Leadership & Management, Project & Program Management, Supervisory Responsibilities. - Skills (h3) containing the list: Business Strategies, Data Analytics, Performance Management (PM), Strategic Leadership, Strategy Development. - Benefits (h3) containing technology setup, connectivity reimbursement, workspace requirement, internet speed. - Pay (h3) containing compensation range and background investigation note. We should not include Schedule. We must not include filler like "commensurate with experience". Not present. We need to preserve all substantive

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