Associate, Tax Credits & Impact Investments

Allstate•Chicago, IL

20h•$124,000 - $162,000•Hybrid

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 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. As part of Allstate Investments’ Tax Credit & Impact Investments team, the candidate will be supporting the underwriting, analysis, execution, and ongoing asset management of low‑income housing and clean energy tax credit investment strategies. The candidate will work closely with senior investment staff across a wide range of responsibilities, including financial modeling, due diligence, transaction evaluation, portfolio monitoring, and the preparation of investment approval materials. They will engage regularly with internal partners—such as tax, accounting, and legal teams—as well as external fund sponsors and stakeholders to gather market intelligence, manage consent processes, and support annual tax credit budgeting and reporting requirements. The role also contributes to broader impact and ESG initiatives, including Sustainability Report disclosures, system and reporting enhancements, and exploration of new credit opportunities. The position is based in Chicago, IL and will be in the office 3 days per week. Limited travel will be required.

Requirements

Bachelor's Degree or equivalent experience; May also have an advanced degree and/or CFA
3+ years’ experience of related experience, including investing or structuring investing in: LIHTC, Tax credit or Real Estate
Advanced/superior analytical and financial modeling skills, with an emphasis on the ability to translate analytical observations into supportable conclusions
Advanced verbal and written communication skills – ability to communicate investment thesis in a balanced and concise manner
Ability to interact effectively and professionally with a wide variety of internal constituents as well as effectively represent Allstate to external stakeholders
Detail oriented with a commitment to high quality work product
Ability to think independently and assist in presenting a viewpoint in a thoughtful and professional manner
Proactively communicates with managers to prioritize and optimize deliverables.
Demonstrated ability to perform work autonomously and lead many aspects of the investment life cycle including underwriting and investment recommendations
Advanced Excel, Word and PowerPoint experience.

Responsibilities

Support senior investment staff in the underwriting, analysis and execution of transactions.
Gather/maintain market intelligence through regular communication with existing sponsors and potential new relationships
Review investment fund opportunities brought by existing and potential new sponsors for discussion with portfolio manager
Complete investment recommendation selection and due diligence of investment opportunities
Prepare investment approval recommendation and due diligence material of investments
Assess and prepare approval recommendation of annual tax credit budgeting
Manage internal relationships with tax and accounting as well as internal/external legal counsel
Review and coordinate approval of fund consent requests
Compile quarterly portfolio monitoring of investment performance
Annual review of LIHTC portfolio exposure at property level and completion of fund benefit schedule projection updates
Identify and assist in implementation of internal system reporting and portfolio monitoring improvements
Support of Sustainability Report disclosures and KPIs
Integration of LIHTC, Clean energy & other credits into risk-return and economic capital frameworks
Research potential expansion to other types of credits
Ad-hoc assistance on ESG integration efforts and due diligence on real estate-related impact opportunities
Assist in special projects from time to time that support the team