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P&C Actuary Lead Consultant - Reserving

Job in Elgin, Kane County, Illinois, 60122, USA
Listing for: Allstate Insurance
Full Time position
Listed on 2026-07-27
Job specializations:
  • Insurance
    Risk Manager/Analyst, Actuary
Salary/Wage Range or Industry Benchmark: 100000 - 170500 USD Yearly USD 100000.00 170500.00 YEAR
Job Description & How to Apply Below

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

The P&C Actuary Lead Consultant - Reserving job is responsible for executing and/or managing projects in support of P&C insurance reserving utilizing accepted actuarial and statistical standards, as well as methodologies and knowledge. This role works closely with reserving leadership and key business partners including Finance and Claims to evaluate reserve adequacy and volatility, monitor emerging loss trends, and lead the creation of a reserve narrative.

Projects, responsibilities, and analyses will be of moderate to high complexity and support key business objectives.

Key Responsibilities
  • Provides thought and/or technical leadership, including contributions to improvement, development and innovation, and often serves as a subject matter expert
  • Plans, implements, manages, and/or contributes to projects that are moderate to high complexity and scale using accepted project management standards, with a high degree of independence
  • Uses best practices to lead and perform highly complex, high impact reserve analyses, using creative actuarial, statistical and/or predictive modeling techniques, including proper documentation and evaluation, as appropriate to inform business decisions
  • Leverages understanding of insurance business, claims operations, products, markets, and the broader economic environment to influence reserve reviews, business decisions, and communication strategy
  • Mentors, guides, and reviews the work of less experienced talent and improves the analytical capabilities of the team
  • Reviews, evaluates, and communicates appropriateness of reserving methodologies and results to leadership and business partners in a manner that is well understood and influence business decisions
  • Responsible for selecting, reviewing, using, and ensuring quality of claims, exposure, and financial data used to perform reserve analyses, reserve monitoring, and actuarial projections
Qualifications Required
  • Associate of the Casualty Actuarial Society (ACAS).
  • Five or more years of actuarial experience.
  • Experience completing complex actuarial analyses and applying actuarial judgment to support business decisions.
  • Bachelor's degree or equivalent combination of education and experience.
Preferred
  • Fellow of the Casualty Actuarial Society (FCAS).
  • Property and casualty reserving experience.
  • Experience managing and developing actuarial talent.
Supervisory Responsibilities
  • This job does not have supervisory duties.
Education & Experience (in lieu)
  • In lieu of the above education requirements, an equivalent combination of education and experience may be considered.

#LI-JB1

Skills

Actuarial Reserving, Analytical Thinking, Loss Reserving

Compensation

Compensation offered for this role is  -  annually and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation.

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 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…

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