Assistant Modeling Manager

AllstateSt. Cloud, MN
2d

About The Position

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. Job Description The Assistant Modeling Manager will play a key role in supporting the development and enhancement of auto insurance rating plans. This position resides within the Auto Rating Plan Modeling team, which is responsible for driving innovation and precision in pricing strategies. The team’s core mission is to: • Continuously identify and implement rating plan enhancements through both rapid prototyping and detailed modeling initiatives. • Deliver and execute rating plan development models that optimize auto rating performance and accuracy. • Leverage advanced ratemaking models to uncover actionable business insights The Assistant Modeling Manager will collaborate closely with senior modelers, data scientists, and business partners to ensure timely delivery of high-quality models, maintain compliance with regulatory standards, and contribute to the strategic evolution of pricing methodologies. This role requires strong analytical skills, proficiency in statistical modeling, and the ability to translate complex data into practical business solutions. This role may or may not have managing responsibilities based on the candidate’s preference. Sample projects for this role include developing countrywide rating plan models, fast paced discovery project to understand value of new data sources, and development of models to provide loss insights for specific business problems.

Requirements

  • 4 year Bachelors Degree
  • 5 or more years of experience
  • Business Analysis
  • Data Analytics
  • Financial Analysis
  • Machine Learning (ML)
  • Performance Management (PM)
  • Predictive Analytics
  • Technical Leadership

Responsibilities

  • Assist in the design, development, and implementation of auto insurance rating plan models, ensuring alignment with business objectives and regulatory requirements.
  • Apply advanced machine learning methodologies to develop innovative ratemaking models that provide deeper insights into risk segmentation and business performance.
  • Monitor, validate, and document model performance, ensuring accuracy, stability, and compliance with internal governance and external regulations.
  • Partner with senior modelers, actuaries, and data scientists to deliver high-quality modeling solutions and communicate technical findings to non-technical stakeholders.
  • Provides thought and/or technical leadership, including contributions to improvement, development and innovation, and often serves as a subject matter expert
  • Plans, implements, manages, and/or contributes on projects that are moderate to high complexity and are of moderate scale using accepted project management standards, with no guidance
  • Manage multiple modeling tasks in a fast-paced environment, balancing quick-turnaround enhancements with detailed, long-term modeling initiatives.
  • Leverages understanding of insurance business, products, markets and regulatory environment to influence pricing/reserving/modeling strategies and business decisions
  • Opportunity to mentor and/or supervise less experienced talent
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service