P&C Actuary Director – Reserving

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🌽 Illinois – Remote

🌽 Illinois – Remote

💵 $190k - $250k / year

⏰ Full Time

🔴 Lead

📊 Actuary

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Allstate

WebsiteLinkedInAll Job Openings

10,000+ employees

Founded 1931

💸 Finance

💰 Post-IPO Equity on 2014-01

Insurance • Finance

Allstate is an industry leader in providing insurance solutions, focusing on home, auto, device, and identity protection. With a commitment to customer well-being, Allstate aims to instill peace of mind and financial security for its customers. The company also emphasizes community impact and sustainability through various initiatives, showcasing their dedication to social responsibility and positive change.

📋 Description

• Own the reserve estimate and continuously improve highly complex actuarial reserving methodologies. • Present at Loss Reserve Committee meetings with clear decision-ready insights. • Benchmark reserving techniques against industry practices to modernize methods. • Serve as a primary contact for auditors, external actuaries, and state departments of insurance. • Review and challenge complex loss reserving techniques and provide expert consultation. • Own end-to-end talent management for an expanded team, including coaching future reserving leaders. • Connect Allstate's vision and strategies to departmental initiatives and lead multi-year plans. • Develop and adhere to internal and external compliance requirements including model governance and AI.

🎯 Requirements

• 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. • Deep expertise in loss reserving methodologies (chain-ladder, Bornhuetter-Ferguson, Cape Cod, stochastic reserving, individual claim-level models). • 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. • Working proficiency with AI, machine learning, and generative AI as applied to reserving and broader actuarial work. • Familiarity with AI governance and model risk management frameworks. • Exceptional communication skills — able to craft and deliver clear, compelling, executive-ready messages. • Proven ability to influence upward, downward, and laterally and coach others effectively. • Proven leadership experience, including developing people leaders and building high-performing actuarial teams. • Advanced program management capability, with a track record of independently leading multiple high-complexity initiatives.

🏖️ Benefits

• Comprehensive technology setup, including a laptop, monitors, headset, keyboard, and mouse. • Monthly connectivity reimbursement for internet costs. • Opportunity for travel within local area or to offices regularly.