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Job ID :
98563
Location :
Northbrook, IL US
Level :
Manager
Job Category :
Product
Description :

Where good people build rewarding careers.

Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.


Job Description

The Lead Consultant is responsible for assisting Line Manager with the overall performance of assigned line of insurance. Develop, implement, and monitor Auto rating plan, risk management guidelines, programs, and procedures for line of business. Serves as a subject matter expert on moderately complex issues that require innovative and creative solutions.  Trains and coaches less experienced team members. Takes on ownership responsibility for key Product Management Deliverables related to the improvement of growth and profitability for the Auto line. Possible people management responsibilities.

Key Responsibilities
Primary Focus/Responsibilities:
• Subject matter expert for line of insurance, including coverage, rule and rate structure;
• Develop and Implement Risk Management, Pricing, Filing, and Product strategies using fact based decisions based upon a knowledge of  the market, which includes competitors, regulatory and legal environment, claims handling trends, and distribution channel / agent relationships;
• Immediate responsibility related to the above will involve the development of viable approaches to the successful growth and profit of the Auto line of business.  Potential examples would be to focus on fleet book segments of 5 to 10 power units and eventually 21 to 50 power units.  This will involve the research and development of a viable stance and capability as needed to involve User Based Insurance (Telematics) solutions to assist in the risk management and pricing of the Auto line;
• Analyze statistical, non-statistical, legal, and regulatory information to evaluate risk of potential market segments;
• Monitor the overall profitability including growth and retention of products to ensure consistency with product strategies, goals, and priorities;
• Monitor and analyze flow, loss, exposure, underwriting and premium trends for line of business to make corrective actions to improve growth and profitability;
Secondary Focus/Responsibilities:
• Build and leverage strong relationships with internal partners including State Managers, Field Sales, Underwriting, Marketing, IT, Compliance and Claims to form consensus on and move to needed actions
• Assure proper execution of regulatory/legislative practices for Product Management
• Prioritize and manage initiatives for assigned line(s);
• Develop, implement, and monitor appropriate levels and types of reinsurance as needed Support training efforts for assigned line(s) of insurance;
• Fill in for Line Manager as situations dictate.
 

Job Qualifications

• Bachelor’s degree from an accredited College / University
• 5+ years direct Commercial Auto Underwriting experience, including the handling of fleet business  Experience with composite rating, loss rating, retrospective rating, and telematics a definite advantage  
• Strong business acumen, with a strong interest in external Industry environment and trends and ability to apply those to make informed decisions on rates, pricing and underwriting
• Strong qualitative and quantitative skills to support the application of sophisticated products, with multi-variate rating plan components
• Thinks critically, and actively shares opinions, even when contrary to conventional thought
• Detailed understanding of the business and rating plans
• Ability to dissect and manage data at a cellular level to optimize risk selection, market segmentation and competitive position
• Strong knowledge of competitor market conditions and ability to react accordingly
• Ability to articulate financial results and impact of strategy to senior management
• Basic project management skills
• Strong influencing skills, ability to work collaboratively and influence organizational thinking
• Strong presentation skills with the ability to communicate clearly to a wide variety of audiences
• Previous people management experience an advantage
• Intermediate Skills using Microsoft Office Suite (WORD, EXCEL ACCESS, PowerPoint)
 


The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Good Work. Good Life. Good Hands®.

As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.

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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.

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