Econometrician, Quantitative Economist (hybrid or remote)

• About Us

   

  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.

   

  Allstate operate a very flexible hybrid working policy that will allow you to design your working week in collaboration with your manager with a blend of remote and office working for NI based employees as well as condensed working patterns (4 day week/9 day fortnight). Employees based in GB will be employed on a permanent remote working contract.

   

  Join our team and you’ll find challenge and reward in a culture of innovation, support and balance. 

   

   

  Location

   

   

  Northern Ireland / Remote, GB

   

   

   

  Your role in the team

   

   

  The Enterprise Economics & Risk Analysis (EERA) team is a cross-functional team operating at the heart of decision-making at Allstate. The team quantifies and optimizes risk and return for Allstate as a whole and provides macroeconomic advice to our portfolio managers to inform investment decisions on our $64 billion portfolio. EERA is led by the Chief Economist and has team members in both the USA and the UK. The team reports to the Chief Risk Officer and provides advice directly to the CEO, Senior Leadership Team and the Board of Directors. 

   

   

  This is an exciting opportunity to join the Data Analysis branch of EERA to support macroeconomic forecasting, investment decision-making and business-wide risk analysis. Responsibilities will include scenario analysis to stress test the business, development of new analytical tools to make better investment decisions and developing our economic capital framework. This includes the development and management of predictive modeling and the design and development and vetting of original methodology.  

   

   

   

  • Develop and implement econometric risk models to directly address material business needs 
  • Assist in developing macroeconomic scenarios to stress the business, and assessing their potential impacts on the investment portfolio and insurance 
  • Develop econometric and analytical tools to support the investment process and improve the understanding of movements in macro and financial variables 
  • Support the preparation of in-depth studies and commentaries on key investment issues  
  • Support the asset allocation process with timely insights and forecasts 
  • Day to day management and maintenance of the existing models  

   

   

   

   

  So, what are the essential criteria to apply?

   

   

   

  • All candidates must evidence an existing right to work in the UK'
  • PhD degree in Econometrics or applied Economics  
  • Solid understanding of macroeconomics and econometrics, including the ability to recognize the practical implications of analytical results  
  • Strong quantitative skills with experience in economic modelling and empirical analysis 
  • Knowledge of time series analysis  
  • Programming experience in Matlab and/or R  
  • A strong work ethic and demonstrated ability to deliver to tight deadlines 
  • An ability to communicate complex ideas and analysis into practical terms for non-experts 

   

   

   

   

   

  We also have some desirable criteria

   

   

  • Knowledge of Bayesian Econometrics  
  • Understanding of financial markets, insurance, financial modeling and macroeconomic linkages  
  • Working experience in a financial institution or insurance company 
  • Knowledge of Python 

   

   

   

  What we offer

   

   

  As Digital DNA’s Workplace of the Year 2020 winners, we offer a generous benefits package that includes flexible annual leave entitlement, dental and healthcare insurance, an attractive pension package and discounts on gym memberships, public transport and parking.

   

   

  Allstate invests heavily in your development, as an employee you will have access to multiple world-class learning platforms and courses from our award-winning in-house Learning & Development team.

   

   

  We pride ourselves in providing clear career paths and opportunities for internal mobility allowing you to further develop within the organisation.

   

   

  We encourage a better work life balance and you’ll have the opportunity to apply for various flexible working arrangements.

   

   

   

  Apply Here: https://bit.ly/3rGGq07 

   

   

   

  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.

   

   

  The closing date for receipt of applications is Tuesday 21st December 2021