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Senior Financial Analyst (Hybrid)

Company: Allstate Insurance
Location: Chicago
Posted on: July 9, 2024

Job Description:

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 DescriptionThe Financial Sr Consultant communicates financial results to business partners for key products, markets and initiatives, develops in-depth story lines to deepen client insights, and recommends creative actions to guide strategy and operations. This role formulates financial projections to predict and track performance, diagnose potential issues and prompt corrective actions.

Key Responsibilities:

The Senior Financial Analyst is a pivotal role within the Investment FP&A team, responsible for overseeing and enhancing the portfolio forecasting model. This individual will lead efforts in forecasting all components of total return, including investment income, realized gains and losses, and unrealized gains and losses. The ideal candidate will bring a deep understanding of financial markets, strong analytical capabilities, and experience in investment portfolio analysis..

  • Own the regular operation and maintenance of the investment portfolio forecasting model in Moody's GGY Axis to ensure accuracy, efficiency, and relevance under changing market and portfolio conditions
    • Conduct detailed forecasts of all components of total return, including investment income and realized and unrealized gains and losses, leveraging quantitative techniques and financial analysis
      • Analyze large datasets to identify trends, opportunities, and risks within the investment portfolio; provide insightful analysis to support investment decisions and strategy
        • Assist in the preparation of comprehensive reports and presentations to senior management explaining forecast results, attribution from actuals, and implications on investment strategy
          • Work closely with Investment and Enterprise risk management, portfolio managers, and other FP&A teams to align forecasts with overall business objectives and capital requirements
            • Stay abreast of market trends, economic indicators, and other relevant information that may impact investment forecasts; incorporate macroeconomic scenarios and portfolio strategy analyses into forecast models
              • Ensure timeliness and accuracy of all forecasting results and activities
                • Implement model updates and keep detailed change logs
                  • Foster a collaborative, matrix-oriented team environment that encourages innovation and continuous improvementEducation and Experience:
                    • Proven expertise building and maintaining financial forecasting models (required) specific to investment returns (preferred)
                      • Proficiency with financial modeling software and advanced Excel, MS Office skills (required)
                        • 4-year degree in finance, economics, statistics, or related field (preferred)
                          • Direct experience in quantitative or statistical modeling for investment or financial analysis (preferred)
                            • Strong knowledge of financial markets, investment strategies, and portfolio management principlesFunctional Skills:
                              • Exceptional analytical, problem-solving, and decision-making skills. Strategic thinker with a proactive approach to identifying risks and opportunities.
                                • Strong working knowledge of financial and accounting concepts. Detail-oriented with a commitment to accuracy and quality. High degree of professionalism and integrity.
                                  • Strong oral and written communication skills. Ability to convey complex information clearly and persuasively to diverse audiences both technical and non-technical.
                                    • Strong interpersonal skills. Able to work effectively in a team environment.
                                      • Efficient time management and organization skills. Adaptable and able to thrive in a fast-paced, dynamic environment
                                      • This position is a hybrid role based out of our Chicago office, meaning your schedule may consist of time in an office setting and time working remotely from your home. The hybrid model is intended to provide greater flexibility - and will mean something different to each team, job and employee. Office presence is driven by the nature of the work and team needs. You'll work from home for the remainder of the time you're not in the office. This position is eligible for a monthly connectivity reimbursement to offset the costs of internet and phone expenses.SkillsCustomer Centricity, Digital Literacy, Inclusive Leadership, Learning Agility, Results-OrientedCompensationCompensation offered for this role is $62,800 - 114,175 annually and is based on experience and qualifications.The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.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. 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.To view the "EEO is the Law" poster click "here". This poster provides information concerning the laws and procedures for filing complaints of violations of the laws with the Office of Federal Contract Compliance ProgramsTo view the FMLA poster, click "here". This poster summarizing the major provisions of the Family and Medical Leave Act (FMLA) and telling employees how to file a complaint.It is the Company's policy to employ the best qualified individuals available for all jobs. Therefore, any discriminatory action taken on account of an employee's ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decision, marital status, medical condition, military or veteran status, national origin, race (include traits historically associated with race, including, but not limited to, hair texture and protective hairstyles), religion (including religious dress), sex, or sexual orientation that adversely affects an employee's terms or conditions of employment is prohibited. This policy applies to all aspects of the employment relationship, including, but not limited to, hiring, training, salary administration, promotion, job assignment, benefits, discipline, and separation of employment.

Keywords: Allstate Insurance, Chicago , Senior Financial Analyst (Hybrid), Accounting, Auditing , Chicago, Illinois

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