Allstate Underwriting Research & Analytics Manager in Northbrook, Illinois
Underwriting Research & Analytics Manager
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Job ID :
Northbrook, IL US
Job Category :
Where good people build rewarding careers.
Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.
Note: Relocation assistance could potentially be considered for this role for highly-qualified candidates.
Job Family Summary
The Underwriting Research & Analytics Team is responsible for monitoring and ensuring the quality of the book of business through collaboration with internal and external business partners to leverage analytics and predictive models in developing Countrywide Underwriting standards and influencing business results.
The Underwriting Research & Analytics Manager is responsible for directing the evaluation efforts of current Underwriting analytical procedures and processes, and will recommend process improvements. The Manager will lead the allocation of resources depending on projects, as well as serve as the project lead. This role will oversee the interactions across AORs ensuring alignment and maintenance of Underwriting analytics and predictive models.
Research and Analysis
Collaborates with other AORs to improve the effectiveness of business decisions using data, analytics and predictive modeling
Applies and leads economic, quantitative and statistical analytics to make sound business decisions that contribute to market share growth and profitability
Executes Underwriting strategies to achieve business unit plan objectives
Proactively researches and interprets demographic, economic and competitor data to identify markets/ segments for opportunities to impact growth and profit
Directs and evaluates trend analysis (e.g., competitor analysis, risk management, financial) to forecast results and recommends changes based on findings
Proactively determines appropriate analyses to be conducted for projects to provide insights and business recommendations to achieve corporate goals (agency/customer trends, loss results, distribution analysis, etc.); can make final decisions
Forecasts and makes Underwriting recommendations to solve market specific implications of business strategies
Reviews and provides peer feedback on analytical methods and tools developed by others in the department
Plans and coordinates the integration and delivery of predictive models into the Underwriting process
Directs the allocation of resources on the team depending on the scope of the project
Functions as a liaison between business unit and systems or other areas of responsibility
Advanced knowledge in the use of data sources and applications to conduct research and partner with other AORs to develop needed data and analysis techniques (OLAP/DART, CDF, ADW, R, SQL, etc)
Process and Product Design/Improvement
Directs the development/design of new analytical processes that are of high complexity
Functions as the subject matter expert in the development and design of new analytical tools and predictive models in the underwriting space
Creates underwriting analytics and predictive model concept designs, addresses feasibility (cost benefit analysis - financial, operational, and technical), and develops requirements and measurement
Forecasts short-term and long-term deliverables and integrates approaches across other AORs
Develops communication strategies and materials to support new underwriting analytical tools and predictive models
Solicits and integrates input from key internal and external stakeholders
Proactively evaluates underwriting analytical tools and procedures and recommends alternatives or improvements
Proactively monitors data to ensure business results are aligned with expectations. Actively communicates anomalies and recommended actions to appropriate stakeholders
Communicates and presents project information to project team as well as providing presentation/updates to senior level management
Determines and enrolls resources/expertise that are necessary to successfully complete projects/ assignments from various AORs
Provides feedback on project team member(s) that contributes to performance management
Actively builds strong relationships among teams and team members to ensure cooperation on project objectives and underwriting predictive model maintenance
Evaluates lessons learned and shares experiences with peers/leadership for process change/improvement
Serves as a subject matter expert and consults with other AORs on complex issues within their discipline(s)
Education: Bachelor’s degree or equivalent experience
Experience: 7+ years industry experience preferred
Advanced underwriting, product management and general insurance knowledge
Excellent communication and collaboration skills with the ability to influence others
Strong people and thought leadership; Ability to develop, mentor and coach others
Advanced analytical and problem solving skills
Demonstrates and fosters a sense of urgency, strong commitment and accountability for achieving results
Proven ability to effectively network and communicate with different types and levels of staff, both written and verbal
Good Work. Good Life. Good Hands®.
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.
Learn more about life at Allstate. Connect with us on Twitter at http://jb.al.st/BWGk6 , Facebook at http://jb.al.st/BWGka , Instagram at http://jb.al.st/BWGlO and LinkedIn at https://www.linkedin.com/company/allstate/careers or watch a video at http://jb.al.st/BWGpG .
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.
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