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P&C Actuary Director - Reserving

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Allstate Insurance
Full Time position
Listed on 2026-08-17
Job specializations:
  • Insurance
    Risk Manager/Analyst
Salary/Wage Range or Industry Benchmark: 190000 - 250000 USD Yearly USD 190000.00 250000.00 YEAR
Job Description & How to Apply Below
Position: P&C Actuary Director - Reserving -

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

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.

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.
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.

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.
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…
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