Allstate Insurance Group

Allstate Insurance Group

REPORTING TO: Vice President, Commercial Lines

THE COMPANY: The Allstate Corporation

Northbrook, Illinois

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal line insurer. Widely known through the "You're in Good Hands with Allstate " slogan, Allstate helps individuals in more than 16 million households protect what they have today and better prepare for tomorrow through more thank 13,600 exclusive agencies and financial specialists in the United States and Canada. Customers can access Allstate products and services through Allstate agencies, or in select states at Allstate.com and 1-800-ALLSTATE . Encompass^SM and Deerbrook Insurance brand property and casualty products are sold exclusively through independent agents. Allstate Financial Group provides life insurance, annuity, retirement, banking and investment products through distribution channels that include Allstate agencies, independent agencies, worksite, financial institutions and broker-dealers.

Allstate Commercial is a $700 million operation with more than 200 employees. It offers property and casualty products to meet the needs of small business owners with commercially registered automobiles. Allstate Commercial sells products solely through Allstate Exclusive Agencies and Independent Agents.

SCOPE AND

RESPONSIBILITY: The AVP Commercial Lines Product Management and Underwriting will be responsible for all product management and underwriting for Allstate Commercial's $700 million book of business. He/she will design, deliver and maintain core commercial products, create profitable growth through pricing, underwriting and distribution support strategies and tactical practices. The position is based in Chicago, Illinois, specifically South Barrington, Illinois.

CHALLENGES IN

THE FIRST 12 MONTHS: The most significant challenges for the AVP Commercial Lines Product Management and Underwriting in the first 12 months are anticipated to include:

Learning the organization, culture and processes; gaining the respect of the business' leadership team;

Establishing credibility with and earning the trust of the Business Unit Management Team, to whom this executive will have a high level of visibility;

Improving financial results for the Business unit;

Effectively developing and mentoring the team to build broad and deep bench strength in the financial function;

BACKGROUND

REQUIRED: The successful candidate will have a minimum of 12 years of demonstrated increasing levels of responsibility in product management and development at a leading insurance or financial services firm. He/She must have a wealth of experience in small commercial lines, primarily the ability to create and deploy compelling commercial products. In addition, relevant functional experience regarding underwriting, distribution, marketing, service, and claims is a plus. P&C Personal lines experience a plus.

EDUCATION

REQUIRED: This position requires a bachelor's degree is required. An advanced degree in business or a related field is strongly preferred.

PERSONAL TRAITS: The successful candidate must be a leader, not just a manager. Further, this individual must also have the following personal and professional attributes, which are consistent with the Company's stated values:

Treat others with trust, dignity and respect;

Create an environment where people from diverse cultures and backgrounds work together effectively;

Act with a sense of urgency without sacrificing excellence;

Strive for effective communication that results in teamwork, shared knowledge and ideas;

Pursue lifelong learning and personal development;

Encourage individual leadership, responsibility and accountability;

Develop long-term relationships for mutual growth and profitability;

Thrive on change and continuous improvement;

Unquestionable integrity, ethical and moral character;