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.
Job Description
Who is Allstate:
Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. Serving Canadians since 1953, Allstate strives to reassure both customers and employees with its “You’re in Good Hands®” promise and is proud to have been named a Best Employer in Canada for nine consecutive years. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. To learn more, visit www.allstate.ca. For safety tips and advice, visit www.goodhandsadvice.ca.
Through our Employee Value Proposition, we have worked hard to develop and nurture a culture where employees feel valued, experience personal growth, have career options and truly enjoy the work they do.
Role Designation: Hybrid (work from office only on as-needed basis)
Benefits to joining Allstate
-
Flexible Work Arrangements.
-
Employee discounts (15% on auto and property insurance, plus many other products and services).
-
Good Office program (receive up to $400 back after purchasing office equipment).
-
Student Loan Payment Matching Program for Government Student loans.
-
Comprehensive Retirement Savings Program with employer matched contributions.
-
Annual Wellness allowance to support employees with improving health and wellbeing.
-
Personal days.
-
Tuition Reimbursement.
-
Working within the community and giving back.
Job description:
As an Actuarial Consultant on the Reserving team, you will be part of the Finance Team at Allstate Canada Group (ACG). In Reserving team, we focus on the reserve analysis process and accurate posting of reserves while working closely with other areas such as Claims and Finance in order to make sure we are making the right decisions for the company and taking full advantage of each area’s expertise. The candidate may also be exposed to the development/update of the capital model. The Reserving team is part of the Actuarial program at Allstate and comes with the opportunity to rotate within the other actuarial roles during your career (Pricing, Actuarial Financial Modelling etc.). You will report to the Manager, Reserving.
As an Actuarial Consultant, your strength will be the analytics knowledge you bring to the table to ensure efficient and effective completion of the quarterly reserving reviews and recurring processes as well as developing or improving existing tools and standards implemented in order to enhance performance. We are looking for a confident individual with strong analytical abilities, prioritization and time management and communication skills. An ambitious individual who is eager to influence and drive the results for the organization would be a great fit for this role.
Accountabilities:
- Ensure efficient and effective completion of quarterly valuations and collaborate with Claims department to identify pressure points and drivers of the results
-
Recommend and prepare bookings of IBNR for the quarterly reserve review
-
Assist in the Annual Preparation of the Appointed Actuary’s Report
-
Support Finance by analyzing and articulating the drivers of monthly financial results and assisting with quarterly regulatory reporting
-
Provide analytical assistance to business partners in enhancing operational excellence and supporting sustainable profitable growth of the business
-
Proactively manage project timelines, anticipating and addressing potential delays through consistent tracking and reporting
-
Collaborate with the Business Planning team for the annual planning process
Qualifications:
- Undergraduate degree in Actuarial Science or a relevant discipline
-
Minimum of 4 years Property and Casualty experience in an analytical position, ideally in corporate actuarial
-
Strong knowledge of CIA Standards of Practice and regulatory requirements
-
Good knowledge of corporate actuarial concepts
-
Strong communication skills and comfortable presenting to various audiences
-
Ability to adapt and utilize new ideas, techniques and opportunities for improving effectiveness, performance, and productivity
-
Efficient at using Microsoft applications
Bonus Qualifications:
- ACAS or FCAS designation nice to have
-
ResQ experience an asset
Allstate Canada Group has policies and practices that provide workplace accommodations. If you require accommodation, please let us know and we will work with you to meet your needs.
#LI-GL1
Skills
Analytical Thinking, Communication, Microsoft Applications, Professional Presentation, Property & Casualty Insurance, Regulatory Requirements
Compensation
Expected compensation for this role ranges from $ 95,000.00 - 145,000.00 annually. Actual salary offered to successful candidates will vary based on their skills and experience.
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.
Allstate Canada Group uses AI technology tools to assist in screening, selecting, assessing, and scheduling interviews with candidates as part of the recruitment process.
This job posting is for a current open role within the organization.
