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Allstate Insurance Corporation
Location: Northbrook, IL 60062 Document ID: A4311-0YSS Posted on: 2010-09-0609/06/2010 Job Type: RegularJob Schedule:Full-time
2010-10-06
Performance Analyst/Manager - (Job Number: 000AXG)
The purpose of this department:
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer. Widely known through its "You're In Good Hands With Allstate" slogan, Allstate provides insurance products to more than 14 million households. Allstate Investments, LLC manages $100 billion of assets. Our goal is to provide sustainable, competitive, risk-adjusted investment returns and investment-related services for the benefit of the Allstate Corporation. Investment performance for our portfolios has consistently provided excess returns for our customers, and we attribute that success in large part to the quality of our people. The size of the investment group exceeds 300 individuals across a variety of investment disciplines including, fixed income, equities, private securities, commercial mortgages and derivative asset classes, as well as, accounting, finance and technology. We recognize that our employees are our ultimate advantage and we seek to attract and retain highly qualified individuals with strong academic backgrounds, a deep interest in investments and a desire to be challenged.
The Risk, Finance and Analytics Department within Allstate Investments is expanding to support its newly defined strategic focus areas. This is an exciting time to join our strong team and become a part of an innovative, energetic organization that is growing and expanding globally. For additional information about Allstate Investments, LLC visit our website at www.AllstateInvestments.com.
Scope of Job:
As part of the Performance Measurement Function, perform total and relative return performance measurement and attribution reporting and analysis for Allstate's investments portfolio. Assist with implementation and testing of a vended Performance Measurement and Attribution (PM&A) system and other process and internal control improvements related to the Performance Measurement Function.
As part of the Performance Measurement Function, perform total and relative return performance measurement and attribution reporting and analysis for Allstate's investments portfolio. Assist with implementation and testing of a vended Performance Measurement and Attribution (PM&A) system and other process and internal control improvements related to the Performance Measurement Function.
Position Responsibilities:
- Compute daily and monthly total and relative return performance measurement results for Allstate's ~$100 billion investments portfolio. This includes analysis and research of detailed return results to ensure returns are accurately calculated, using industry standard methodologies.
- Assist with implementation and testing activities of a vended PM&A system.
- Perform the monthly and quarterly reporting of performance measurement and attribution results using industry standard methods. Analyze the source of returns (absolute and relative) using industry methods (where applicable) and other creative approaches to provide well developed and insightful explanations of the source and nature of our performance results.
- Prepare presentations and other communication materials to Senior Management and the Performance Measurement Committee focusing on key drivers behind absolute and relative return results and other key metrics related to the source of our returns.
- Prepare and maintain on-going documentation and execution of processes with respect to performance measurement policies, internal controls, processes and results.
- Identify and implement operational, process, and control related enhancements for performance measurement activities.
- Interact with cross functional constituents across Allstate Investments and/or Investment Risk, Finance and Analytics Teams to integrate and streamline applicable performance measurement processes and activities and respond to requests for additional information from Senior Management, Portfolio Managers, Portfolio Administrators, and other constituents.
- Demonstrate thought leadership and contribute to the development of the Performance Measurement Function as it pursues various strategic changes and to support organizational mandates.
- Perform special projects and analyses as requested by management
Hear what current employees have to say about working at Allstate: www.allstate.com/Allstate/content/refresh-videos/HR/Allstate_General_Hiring.wmv!
Qualification
Required Skills:
- Advanced - Analytical and problem-solving skills, strong mathematical background
- Intermediate - Knowledge of investment performance measurement methodologies and practices across diverse asset classes
- Intermediate - Knowledge of fixed income, equity, and derivatives instruments and performance attribution
- Intermediate - Leadership and communication skills; position requires cross-functional interaction
- Intermediate - Ability to manage multiple priorities and meet deadlines
Experience Required:
6+ years financial, accounting or internal management reporting experience, including at least 3 years in the investment management industry, preferably those in or related to performance measurement.
6+ years financial, accounting or internal management reporting experience, including at least 3 years in the investment management industry, preferably those in or related to performance measurement.
Computer and Other Proficiencies: (computer skills needed to do the job)
- Intermediate to advanced level in Microsoft Office Suite
- Experience with performance measurement and attribution systems is a plus
- Knowledge of GIPS performance standards preferred, but not required
Education:
Bachelor's degree preferred
CIPM, CFA, CPA or MBA designation a plus
Major Preference:
Finance, Accounting or Economics
Our customers aren't the only ones in Good Hands with Allstate! If you are interested in working for an employer of choice, then look no further. We offer:
- A commitment to diversity A commitment to our communities
- A commitment to success A commitment to work-life balance
At Allstate, you will be among the industry's top talent with an environment that encourages continuing development and growth opportunities. As a member of the Allstate Team, you will enjoy a customizable benefits plan, generous paid time away, an excellent 401K plan, a defined benefit pension plan and much, much more!
Are you in Good Hands?
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