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Job ID :
Location :
Jacksonville, FL US
Level :
Entry Level Professional
Job Category :
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 Product Actuarial department at Allstate Benefits (AB) is responsible for actuarial related analysis and thought leadership related to AB product and financial management. 

This position will report within the Actuarial Product Development department of Allstate Benefits.  The Actuarial Analyst will support pricing, data analysis, product development, product implementation, financial modeling, experience analysis, and in force management projects within Allstate Benefits.  May also support other ad hoc cross-department business needs and projects as directed.  The Analyst will develop knowledge of actuarial practices, Allstate Benefits lines of business, and key procedures within the department as a foundation for future intermediate-level job responsibilities.

Key Job Responsibilities:

Gather and synthesize actuarial data relating to pricing, experience analysis, or product development

  • Use established objectives and procedures to gather and process actuarial related data
  • Quantify data as directed by actuarial management
  • Utilize available computer systems and sources in gathering data
  • Maintain actuarial databases and files as needed
  • Process data as directed, learning compliance with insurance regulations and laws

Develop actuarial knowledge and skills

  • Progress in SOA Exams
  • Advance actuarial knowledge by studying actuarial topics
  • Apply exam topics to work projects
  • Meet requirements of Allstate Financial’s Actuarial Career Program

Perform analysis of actuarial (and related) items and data

  • Gain knowledge of appropriate sources of data and when to use them
  • Review and test data for reasonableness and accuracy
  • Analyze and resolve problems/discrepancies as they arise in projects
  • Evaluate competitive industry data

Communicate and document information

  • Document problems, procedures and analysis of data
  • Create reports communicating actuarial data
  • Compose correspondence such as memos, inquiries, or responses
  • Collaborate within a team environment

Job Qualifications

Required qualifications:

  • 0 – 2 years of work experience
  • At least one actuarial exam passed
  • Applies working knowledge of professional, regulatory and technical standards

Preferred qualifications:

  • Applied experience which demonstrates the following responsibilities:
    • Analyzing and manipulating data using SQL, Excel/VBA, R, or similar programs
    • Working on a team within a project oriented business environment
    • Analyzing complex business problems with ambiguous solutions and objectives
  • Previous actuarial internship or work experience within the financial services industry
  • Strong background in math, statistics, finance, or other quantitative subjects 

*Our ideal candidate will live in or near Jacksonville, FL.

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.

Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.

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.

For jobs in San Francisco, please see the notice regarding the San Francisco Fair Chance Ordinance.

For jobs in Los Angeles, please seethe notice regarding the Los Angeles Ordinance.

It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.


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