Financial Consultant

(Reference code: 0006LC) Status: Full Time, Employee Location: Northbrook, IL 60062 Job Category: Accounting/Finance/Insurance Career Level:Experienced (Non-Manager) Education Level: Bachelor's Degree Job Description: The Allstate Corporation is the nation’s largest publicly held personal lines insurer. A Fortune 100 company, with $156 billion in assets, Allstate sells 13 major lines of insurance, including auto, property, life and commercial. Allstate also offers retirement and investment products and banking services. Allstate is widely known through the “You’re In Good Hands With Allstate®â€� slogan. Allstate was founded in 1931 and became a publicly traded company in 1993. The Enterprise Risk & Return Management department within Finance Shared Services currently has an opening for a financial consultant.  The Enterprise Risk & Return Management COE (“ERRM”) was created in 2004 to increase shareholder value by helping assess whether the Company is being properly rewarded for the risks it takes.  ERRM supports its clients, including the Enterprise Risk & Return Council, with processes and quantitative & qualitative analyses supporting risk-return management decisions such as risk identification, risk evaluation/ prioritization, risk measurement/ reporting, risk modeling/ analysis and capital management.  Our holistic corporate risk perspective provides a shared viewpoint of the risks faced by the company and the value that can be created by understanding and pursuing interrelationships of those risks. The scope of this job is to support the Enterprise Risk & Return Management (ERRM) Governance team in establishing and implementing enterprise risk standards/ guidelines, risk identification/evaluation processes and quarterly risk reporting/ monitoring.  The goal of these key enterprise risk management processes is to help the organization understand interdependencies of risks and potential returns/ consequences, leverage best practices at both enterprise and business unit levels, improve risk-informed planning and decision making and improve governance and oversight. Primary Responsibilities: Assist in compilation of quarterly risk reporting package for Enterprise Risk & Return Council and Audit Committee; involves coordination, analysis and summarization of business area risk measurements, assessments & trend commentary and providing recommendations for process/content improvement as reporting process evolves over time Provide analysis and support for Board/Senior Management communication packages including Enterprise Risk & Return Council, Board of Directors/ Audit Committee, Finance Shared Service review meeting and others; includes synthesizing analyses and recommendations into a clear, concise and effective communication format Research and analysis supporting development of enterprise risk standards and guidelines, risk identification and evaluation processes; includes communicating results of various analyses as well as recommendations to management Assist in enrollment, education and implementation of standards and processes throughout the organization Perform ad-hoc analyses supporting risk-return issues impacting business areas; may involve working with dynamic financial analysis (DFA) models Support Enterprise Risk & Return Management modeling team as necessary on modeling enhancements, enterprise-build out and annual data input/roll Develop annual department expense budget and analyze monthly expense trends Required skills: Advanced – ability to apply analytical skills/ techniques to research, analyze, synthesize and integrate data/information Advanced – strong PC application skills including Microsoft Office suite Advanced – able to work across boundaries and collaborate with individuals from other areas of the corporation Advanced – work effectively in team environment and maximize team effectiveness Advanced  – strong communication, writing, and presentation skills Intermediate – broad knowledge of insurance industry, Allstate business (Property/Casualty, Allstate Financial or Investments) and key economic drivers Intermediate – flexibility to adapt to changing work priorities and assignments Intermediate – project planning and time management Intermediate – familiarity with financial models