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Allstate Insurance Corporation
Location: Northbrook, IL 60062 Document ID: A4291-1GNW Posted on: 2010-12-3012/30/2010 Job Type: RegularJob Schedule:Full-time
2011-01-29
Staff Financial Analyst
The position is located in Northbrook, Illinois.
Description:
The Enterprise Risk & Return Management department within Finance Shared Services currently has an opening for a financial consultant. The Enterprise Risk & Return Management COE ("ERRM") was created in 2004 to increase shareholder value by helping assess whether the Company is being properly rewarded for the risks it takes. ERRM supports its clients, including the Enterprise Risk & Return Council, with processes and quantitative & qualitative analyses supporting risk-return management decisions such as risk identification, risk evaluation/ prioritization, risk measurement/ communication, risk modeling/ analysis and capital management. Our holistic corporate risk perspective provides a shared viewpoint of the risks faced by the company and the value that can be created by understanding and pursuing interrelationships of those risks.
The scope of this job is to support the Enterprise Risk & Return Management (ERRM) Governance team in establishing and implementing enterprise risk standards/ guidelines, risk identification/evaluation processes and risk-return reporting/ communication. The goal of these key enterprise risk management processes is to help the organization understand interdependencies of risks and potential returns/ consequences, leverage best practices at both enterprise and business unit levels, improve risk-informed planning and decision making and improve governance and oversight.
Primary Responsibilities:
- Compile quarterly risk-return reporting package for Enterprise Risk & Return Council and Audit Committee/ Board of Directors; involves coordination, analysis and summarization of business area risk measurements, assessments & trend commentary and providing recommendations for process/content improvement as reporting process evolves over time
- Provide analysis and support for Board/Senior Management and other risk-return communication packages including Enterprise Risk & Return Council, Board of Directors/ Audit Committee, annual rating agency updates and others; includes synthesizing analyses and recommendations into a clear, concise and effective communication format
- Research and analysis supporting development of enterprise risk standards and guidelines, risk identification and evaluation processes; includes communicating results of various analyses as well as recommendations to management
- Assist in enrollment, education and implementation of standards and processes throughout the organization
- Perform ad-hoc analyses supporting risk-return issues impacting business areas; may involve working with dynamic financial analysis (DFA) models
- Support Enterprise Risk & Return Management modeling team as necessary on modeling enhancements, enterprise-build out and annual data input/roll
Hear what current employees have to say about working at Allstate: www.allstate.com/Allstate/content/refresh-videos/HR/Allstate_General_Hiring.wmv!
Qualification
Qualifications:
Required skills:
- Advanced - ability to apply analytical skills/ techniques to research, analyze, synthesize and integrate data/information
- Advanced - strong PC application skills including Microsoft Office suite
- Advanced - able to work across boundaries and collaborate with individuals from other areas of the corporation.
- Advanced - work effectively in team environment and maximize team effectiveness
- Advanced - strong communication, writing, and presentation skills
- Intermediate - broad knowledge of insurance industry, Allstate business (Property/Casualty, Allstate Financial or Investments) and key economic drivers
- Intermediate - flexibility to adapt to changing work priorities and assignments
- Intermediate - project planning and time management
- Intermediate - familiarity with financial models
Experience Required:
5+ years financial analysis or related experience preferred.
Computer Proficiency:
Microsoft Office - S trong PC skills including Excel, PowerPoint and Word
Education:
Education:
College Degree - Required
Major preference: Finance, Math/Statistics, Accounting or Economics






