Quantitative Developer / Analyst

Allstate Chicago , IL 60602

Posted 3 months ago

Description :

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.

Job Description

The Risk and Return Management Group collaborates with Allstate business units and internal investment teams to design and implement investment strategy. The team is responsible for portfolio management, quantitative research, and risk management. The Investments Performance Measurement team is responsible for producing timely and accurate performance measurement calculations for total (actual) returns, benchmark returns, relative returns and associated attribution/analysis, and internal reporting of the performance measurement results for The Allstate Corporation's Investments Portfolio.

The Quantitative Analyst/Developer is responsible for supporting efforts within the Risk and Return group to enhance the quality and availability of risk and return data, execution oversight of analytic systems and reporting. A key aspect of the role is to design, build, and maintain an attribution platform. The analyst is also responsible for analyzing and attributing performance results to portfolio management decisions, combining ex-ante risk analytics with ex-post performance attribution, and communicating attribution results to senior leadership. The Analyst should have a strong understanding of investment performance measurement and attribution concepts and methodologies for a diverse set of investments and asset types. The Analyst is expected to enhance and expand the team's attribution analysis and reporting while responding to ad-hoc requests from senior leadership and portfolio managers. The Analyst is also expected to be well versed in investment risk measurement techniques like sensitivity analyses, stress testing, value-at-risk and scenario testing.

Key Responsibilities

  • Interpret and analyze actual returns, benchmark returns, and relative returns vs. market indices and peers for Allstate's investment portfolio

  • Prepare attribution reports, develop presentations, and effectively communicate results to senior leadership.

  • Enhance and expand attribution analysis and reporting for all asset types and strategies, including private assets and alternative investments

  • Integrate risk metrics and portfolio positioning with attribution results to create and communicate storylines effectively.

  • Establish and implement effective processes to improve data management of risk and return data.

  • Oversee execution of analytic systems including checking accuracy of data inputs, performing quality checks on analytic output, and presentation of analytic results.

  • Ensure all analytic systems are adhering to Enterprise Model Governance standards and procedures.

  • Interact with portfolio managers and analysts to understand key portfolio management decisions.

  • Respond to ad-hoc requests for performance measurement information from senior leadership, traders, analysts, and other interested parties.

  • Own and be accountable for execution of responsibilities.

  • Prepare and maintain on-going documentation efforts about performance attribution concepts and methodologies and associated internal controls, processes and results.

  • Assist Technology and Business Intelligence teams in development of firm wide analytics data platform

  • .Lead team level projects and prepare specialized analysis as requested by senior leadership.

Knowledge/Skills/Abilities/Experience

  • 7+ years of investment performance measurement and/or capital markets/finance experience in the investments industry.

  • Degree in Finance, Accounting, Mathematics or related field required

  • Graduate degree such as MBA or MS in Finance a plus

  • CFA and/or CIPM preferred

  • Strong understanding of investment performance measurement and attribution concepts and methodologies for a diverse set of investments and asset types.

  • Knowledge of equity and fixed income performance measurement and attribution methodologies

  • Strong analytical abilities, problem solving and decision-making skills

  • Strong technological acumen, including SQL and analytic programming languages (such as Matlab, Python, R)

  • Excellent organizational and time management skills; ability to meet deadlines

  • Flexible and able to adapt to changing circumstances

  • Microsoft Excel, Word, and PowerPoint skills

  • Experience working with large volumes of data (such as MS SQL Server, Oracle, Hadoop)

  • Experience with performance measurement software (Eagle/Aladdin a plus)

  • Experience with reporting and data visualization tools (Tableau, SSRS, Microstrategy)

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

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, Facebook, Instagram and LinkedIn or watch a video.

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.

It is the policy of Allstate to employ the best qualified individuals available for all jobs without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity/gender expression, disability, and citizenship status as a veteran with a disability or veteran of the Vietnam Era.


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Quantitative Developer / Analyst

Allstate