Allstate
Investments Intermediate Quantitative Analyst (Hybrid)
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.
We are the Good Hands. We don’t follow the trends. We set them.
Job Summary:
This role is responsible for performing quantitative analysis and research within the Risk and Return group of Allstate Investments. Areas of primary focus will include asset allocation, alternative investing and econometric modeling. The role will also assist with private market research and development of quantitatively oriented investment strategies.
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.
Key Responsibilities:
- Assist senior quantitative analyst with development and back testing of quantitatively oriented investment strategies
- Perform independent model development, manage project timeline and deliverables end to end
- Research and develop models for asset allocation and private markets, construct and track performance of alternative risk premia based portfolios
- Maintain and enhance existing quantitative models
- Communicate and present work to the research team
Education and Certification:
- Advanced degree in quantitative discipline including Quantitative Finance, Computer Science, Mathematics, Statistics, Econometrics, or similar fields
- CFA designation a plus
Functional Skills:
- 2+ years’ experience in quantitative research in multi-asset investing preferred
- Desired credentials include experience in statistical analysis and modeling, especially modeling of time series data and back testing of investment strategies
- Experience with large scale data processing
- Solid understanding of financial markets, statistics, and econometric analysis
- Good understanding of factor investing, asset valuation and portfolio construction
- Strong programming experience in Python and SQL. Linux experience a plus
- Experience with Bloomberg, Aladdin, and market data vendors
- Experience with machine learning and generative AI a plus
- Strong problem-solving skills and ability to meet tight deadlines
- Strong oral and written communication skills
Supervisory Responsibilities:
- This job does not have supervisory duties.
Compensation Data:
- This position will offer a base salary plus an Annual Incentive Plan target bonus
Compensation offered for this role is $110,000.00-$158,750.00 per year 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.
Good Hands. Greater Together. ℠
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. For a full description of Allstate’s benefits, visit https://www.allstate.jobs/benefits/
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.
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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.
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