Allstate
Senior Investment Forecasting Analyst (Hybrid)
US – Chicago, IL
Department: Investments
Job # : 755690-en_US
Posted on April 3, 2024
Role overview
The world isn’t standing still, and neither is Allstate. We’re moving quickly, looking across our businesses and brands and taking bold steps to better serve customers’ evolving needs. That’s why now is an exciting time to join our team. You’ll have opportunities to take risks, challenge the status quo and shape the future for the greater good.
You’ll do all this in an environment of excellence and the highest ethical standards – a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities.
Everything we do at Allstate is driven by a shared purpose: to protect people from life’s uncertainties so they can realize their hopes and dreams. For more than 89 years we’ve thrived by staying a step ahead of whatever’s coming next – to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We’ve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection.
We are the Good Hands. We don’t follow the trends. We set them.
Job Summary:
The Senior Investment Forecasting Analyst is a pivotal role within the Investment FP&A team, responsible for overseeing and enhancing the portfolio forecasting model. This individual will lead efforts in forecasting all components of total return, including investment income, realized gains and losses, and unrealized gains and losses. The ideal candidate will bring a deep understanding of financial markets, strong analytical capabilities, and experience in investment portfolio analysis.
This position is a hybrid role, meaning your schedule may consist of time in an office setting and time working remotely from your home. The hybrid model is intended to provide greater flexibility – and will mean something different to each team, job and employee. Office presence is driven by the nature of the work and team needs. You’ll work from home for the remainder of the time you’re not in the office. This position is eligible for a monthly connectivity reimbursement to offset the costs of internet and phone expenses.
Key Responsibilities:
- Own the regular operation and maintenance of the investment portfolio forecasting model in Moody’s GGY Axis to ensure accuracy, efficiency, and relevance under changing market and portfolio conditions
- Conduct detailed forecasts of all components of total return, including investment income and realized and unrealized gains and losses, leveraging quantitative techniques and financial analysis
- Analyze large datasets to identify trends, opportunities, and risks within the investment portfolio; provide insightful analysis to support investment decisions and strategy
- Assist in the preparation of comprehensive reports and presentations to senior management explaining forecast results, attribution from actuals, and implications on investment strategy
- Work closely with Investment and Enterprise risk management, portfolio managers, and other FP&A teams to align forecasts with overall business objectives and capital requirements
- Stay abreast of market trends, economic indicators, and other relevant information that may impact investment forecasts; incorporate macroeconomic scenarios and portfolio strategy analyses into forecast models
- Ensure timeliness and accuracy of all forecasting results and activities
- Implement model updates and keep detailed change logs
- Foster a collaborative, matrix-oriented team environment that encourages innovation and continuous improvement
Supervisory Responsibilities:
This job does not have supervisory duties.
Education and Experience:
- Proven expertise building and maintaining financial forecasting models (required) specific to investment returns (preferred)
- Proficiency with financial modeling software and advanced Excel, MS Office skills (required)
- 4-year degree in finance, economics, statistics, or related field (preferred)
- Direct experience in quantitative or statistical modeling for investment or financial analysis (preferred)
- Strong knowledge of financial markets, investment strategies, and portfolio management principles
Functional Skills:
- Exceptional analytical, problem-solving, and decision-making skills. Strategic thinker with a proactive approach to identifying risks and opportunities.
- Strong working knowledge of financial and accounting concepts. Detail-oriented with a commitment to accuracy and quality. High degree of professionalism and integrity.
- Strong oral and written communication skills. Ability to convey complex information clearly and persuasively to diverse audiences both technical and non-technical.
- Strong interpersonal skills. Able to work effectively in a team environment.
- Efficient time management and organization skills. Adaptable and able to thrive in a fast-paced, dynamic environment.
Technical Skills:
- Experience with Moody’s GGY Axis actuarial software extremely desirable
- Power BI experience highly desirable
- Programming experience in SQL, Python, R, Matlab or other analytical languages desirable
Certificates, Licenses, Registrations:
- No Certification, License or Registration is required for the job.
Notes:
The preceding description is not designed to be a complete list of all duties and responsibilities. May be required to perform other related duties as assigned. Regular, predictable attendance is an essential function of this job.
Compensation offered for this role is $70,500.00-$110,600 per year and is based on experience and qualifications.
The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.
Good Hands. Greater Together. ℠
As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life — including a generous paid time off policy. For a full description of Allstate’s benefits, visit https://www.allstate.jobs/benefits/
Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.#LI-MC1
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 reserve component.
For jobs in San Francisco, please click “here” for information regarding the San Francisco Fair Chance Ordinance.
For jobs in Los Angeles, please click “here” for information regarding the Los Angeles Fair Chance Initiative for Hiring Ordinance.
To view the “EEO is the Law” poster click “here”. This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance Programs
To view the FMLA poster, click “here”. This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.
It is the Company’s policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee’s ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee’s terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.
Who we are
Allstate has been protecting families and their belongings for over 90 years. As the Good Hands company, we offer affordable, simple and connected coverage to our customers. Today, were expanding our product offerings to continue our mission of protecting people from life’s uncertainties.
Who we are
Allstate has been protecting families and their belongings for over 90 years. As the Good Hands company, we offer affordable, simple and connected coverage to our customers. Today, were expanding our product offerings to continue our mission of protecting people from life’s uncertainties.
Benefits
Experience the benefits that make Allstate a great place to work.
*Benefits vary based on position.
Health
- Medical, dental and vision coverage
- HSAs and FSAs
- Wellbeing programs
- Free therapy sessions
Retirement
- 401(k) plan
- Pension plan
- Free financial counseling
Work-life balance
- Paid time off
- Work flexibility
Career development
- Talent shares
- Tuition reimbursement
- Learning opportunities
For a full description of Allstate’s benefits, visit allstate.jobs/benefits/
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