Allstate
Director, Economic Capital
Posted on Jun 19 Remote, IL 106 views
Your role in the team
The Enterprise Economic and Risk Analysis (EERA) group in Allstate’s Enterprise Risk and Return Management (ERRM) division is the Enterprise Risk Analytics team at Allstate. We are passionate about our work, solving some of today’s most complex risk analytics problems applied directly to strategic and financial risk management. The Director, EERA, will work closely and directly with the VP-Enterprise Economics & Risk Analysis/Chief Economist and will have managerial oversight of major components of the firm’s Economic Capital framework. This includes the estimation, aggregation, and allocation of Economic Capital at the enterprise level, as well as all related stress testing and scenario analytics. In covering Allstate’s entire portfolio, across all risk silos and lines of business, the Director must have not only extensive managerial experience, but also broad experience across Allstate, and strong understanding of finance and statistical concepts.
As a Director, you won’t just deliver results – you drive our culture and shared purpose. At Allstate, we value in person connected experiences not just with your team but also other Allstaters. This may require travel within your local area or to one of our offices on a regular basis.
As the Director, Economic Capital, you will:
Supervisory Responsibilities
Functional Skills
Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.
You’ll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change and give back where they work and live.
Good Hands. Greater Together.®
Why join us?
Allstate NI is proud to be Allstate’s European Digital Centre of Excellence—recent winners of ‘Best Use of Cloud Services’ at the Belfast Telegraph IT Awards 2024, and recognised for our community and sustainability impact at the 2024 Business in the Community Awards and Gold accreditation for Environmental Responsibility.
We’re a product-driven, cloud-first organisation delivering real outcomes through modern technology, a digital product-centric talent model, and a culture rooted in engineering excellence. Our teams work in cross-functional structures, guided by an outcome-based delivery approach that accelerates speed, agility, and value.
We offer:
• A generous, flexible benefits package including annual leave, healthcare and dental cover, pension, and lifestyle discounts
• Access to world-class learning platforms and award-winning L&D
• Clear career paths, internal mobility, and a strong focus on growth
• A people-first culture with flexible working options
Be part of a high-performing, socially responsible organisation where your work has purpose, and your growth is supported every step of the way.
Statement on Fair Employment and Equal Opportunities
Allstate NI wishes to ensure equal opportunity is given to all job applicants. This company will not discriminate on the grounds of race, gender (including gender reassignment status), sexual orientation, religious belief, political opinion, marital status, age or disability.
We are an equal opportunities employer. We welcome applications from all suitably qualified persons. However, as women are currently under-represented in our workforce, we would particularly welcome applications from women. All appointments will be made on merit.
Applicants should note Allstate NI complete AccessNI background checks on all candidates offered a position.
Posting End Date:
The Enterprise Economic and Risk Analysis (EERA) group in Allstate’s Enterprise Risk and Return Management (ERRM) division is the Enterprise Risk Analytics team at Allstate. We are passionate about our work, solving some of today’s most complex risk analytics problems applied directly to strategic and financial risk management. The Director, EERA, will work closely and directly with the VP-Enterprise Economics & Risk Analysis/Chief Economist and will have managerial oversight of major components of the firm’s Economic Capital framework. This includes the estimation, aggregation, and allocation of Economic Capital at the enterprise level, as well as all related stress testing and scenario analytics. In covering Allstate’s entire portfolio, across all risk silos and lines of business, the Director must have not only extensive managerial experience, but also broad experience across Allstate, and strong understanding of finance and statistical concepts.
As a Director, you won’t just deliver results – you drive our culture and shared purpose. At Allstate, we value in person connected experiences not just with your team but also other Allstaters. This may require travel within your local area or to one of our offices on a regular basis.
As the Director, Economic Capital, you will:
Responsible for delivering economic capital and scenario analysis for the Strategic Plan and Operational Plan as well as regular submissions to Senior Leadership and Board
Partner with chief risk officers, risk and finance organizations, and other business areas to evaluate risk-return tradeoffs, assess risk-return implications of strategic and operating plans, and embed the ERRM framework across the organization
Work closely and collaboratively with financial analysts and data scientists to estimate, aggregate, and allocate economic capital at the enterprise level, across the firm’s entire portfolio of risks and businesses
Ability to incorporate a comprehensive, holistic view of risk and return that effectively captures multiple internal and external perspectives
Work closely and collaboratively with multiple teams to understand and implement cross-disciplinary solutions to complex business challenges
Create focused and transparent risk-return communications for senior leadership, board, internal, and external parties to facilitate engaged dialogue and decision-making
Lead teams to solve complex, abstract problems to deliver projects in support of enterprise risk and corporate objectives
Supervisory Responsibilities
This job has supervisory duties.
Functional Skills
Advanced analytical and problem-solving skills
Understanding of probability, risk and uncertainty
Understanding of corporate financial accounting concepts
Working understanding of insurance, investments and statistics
Ability to ramp up quickly on specific areas of technical methodology
Strong leadership skills, including a flexible and agile management style; ability to manage multiple cross-functional projects spanning finance and risk teams
Ability to provide clear, insightful communication and explain complex quantitative outcomes in simple, intuitive terms
Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.
You’ll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change and give back where they work and live.
Good Hands. Greater Together.®
Why join us?
Allstate NI is proud to be Allstate’s European Digital Centre of Excellence—recent winners of ‘Best Use of Cloud Services’ at the Belfast Telegraph IT Awards 2024, and recognised for our community and sustainability impact at the 2024 Business in the Community Awards and Gold accreditation for Environmental Responsibility.
We’re a product-driven, cloud-first organisation delivering real outcomes through modern technology, a digital product-centric talent model, and a culture rooted in engineering excellence. Our teams work in cross-functional structures, guided by an outcome-based delivery approach that accelerates speed, agility, and value.
We offer:
• A generous, flexible benefits package including annual leave, healthcare and dental cover, pension, and lifestyle discounts
• Access to world-class learning platforms and award-winning L&D
• Clear career paths, internal mobility, and a strong focus on growth
• A people-first culture with flexible working options
Be part of a high-performing, socially responsible organisation where your work has purpose, and your growth is supported every step of the way.
Statement on Fair Employment and Equal Opportunities
Allstate NI wishes to ensure equal opportunity is given to all job applicants. This company will not discriminate on the grounds of race, gender (including gender reassignment status), sexual orientation, religious belief, political opinion, marital status, age or disability.
We are an equal opportunities employer. We welcome applications from all suitably qualified persons. However, as women are currently under-represented in our workforce, we would particularly welcome applications from women. All appointments will be made on merit.
Applicants should note Allstate NI complete AccessNI background checks on all candidates offered a position.
Posting End Date:
