Senior Analyst, Credit Risk
Allstate - Northbrook, IL

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The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re in Good Hands with Allstate®” slogan, Allstate helps individuals in more than 17 million households protect what they have today and better prepare for tomorrow through approximately 14,700 exclusive agencies and financial specialists in the United States and Canada. By leveraging Our Shared Vision, Allstate is committed to strong principles of the highest ethical standards and encourages individual accountability. Allstate realizes success through innovative thinking while providing challenging and collaborative work for its 70,000 employees. Allstate demonstrates a commitment to diversity through a variety of ways and continues to identify the requirements for future success since it was founded in 1931.

Allstate Investments, LLC strives to provide sustainable, competitive, risk-adjusted investment returns and investment-related services for the benefit of the Allstate Corporation.

We work in direct partnership with the leaders of our major lines of business to develop uniquely tailored investment strategies aligned to their needs. Our business model provides the foundation for daily decision-making and effective management of a portfolio comprised of $100 Billion in assets.

The 400 professionals within Allstate Investments, LLC represent a wide variety of disciplines including taxable fixed income, tax-exempt fixed income, equities, private securities, commercial mortgages and derivative asset classes as well as accounting, finance and technology. Investment performance for our three major portfolios has consistently provided excess returns for our customers and we attribute that success in large part to the quality of our people. We recognize that our employees are our ultimate advantage and we seek to attract and

retain highly qualified individuals with strong academic backgrounds, a deep interest in investments and a desire to be challenged. For additional information about Allstate Investments, LLC, visit our website at

Job Scope

To provide independent analysis, monitoring, and reporting of credit risks across the investment portfolio, which includes both public and private asset classes (e.g., investment grade corporate fixed income, municipals, private placements, project finance, high yield corporate bonds, bank loans, structured securities, commercial real estate, and private equity) for the Risk Management Group within Allstate Investments.

The Senior Research Analyst will work directly with the Chief Credit Officer, and have direct dialogue and communication with portfolio managers across the investment organization, as well as individuals within the Portfolio Management Group, on a regular basis.


The position will be responsible for many or all of the following tasks:

Monitoring the development of credit risk in the portfolios and across various investment markets; discussing these risks, Allstate’s relative positioning and trends with the Chief Credit Officer, senior analysts, and portfolio managers; and, facilitating the adequate resolution of credit related issues.

Implementing and maintaining real time and forward looking risk monitoring and reporting in these same areas, including continuously enhancing and developing new credit risk dashboards and reports.

Working alongside quantitative analysts within Risk Management to integrate quantitative risk analytics with fundamental and qualitative credit risk analysis to inform portfolio risk management views.

This may require working with quantitative analysts to collaborate on the design and development of new risk models.

Researching trends across sectors and markets to provide insights as to how these trends should influence Allstate’s measurement and management of risk in the portfolios.

Collaborating with the Chief Credit Officer and senior analysts/portfolio managers to develop new approaches to assessing risks at time of deal underwriting, particularly in private asset classes.

Adeptly responding to ad-hoc projects or requests and clearly presenting analysis and findings.



Minimum of seven years of fundamental fixed income credit analysis experience with exposure to a variety of sectors; trading experience a plus but not required.

Skills Required

Advanced understanding of fundamental credit analysis with a strong portfolio management mindset

Highly market aware--knowledge and interest across a wide variety of markets and sectors

Strong familiarity with Street and rating agency research analytics and tools

Basic understanding of quantitative risk management methodologies (e.g., value-at-risk), as well as their strengths and limitations

Ability to work independently, think out-of-the-box, and provide analysis and recommendations with credibility and confidence

Experience working with economic and financial data, and highly skilled at using Bloomberg, Barclays Live, and Excel

Strong communication and presentation skills and the ability to work effectively in a team setting

Education/Training Requirements

CFA or MBA strongly preferred

The successful candidate must have the following personal and professional attributes which are consistent with the Company’s stated values:

Thrive on change and continuous improvement;

Demonstrate and foster a sense of urgency, strong commitment, and accountability while making sound decisions and achieving goals;

Focus on exceptional customer service and drive innovation to create an atmosphere that supports new ideas and initiative;

Strive for effective communication that results in teamwork, shared knowledge, and ideas;

Articulate, inspire, and engage commitment to a plan of action aligned with organizational mission and goals;

Create an environment where people from diverse cultures and backgrounds work together effectively;

Be of unquestionable integrity, ethical and moral character;

Deal effectively with ambiguity, change, and adapt appropriately to a range of situations;

Pursue lifelong learning and personal development.

A competitive compensation and benefits package will be provided, including an attractive base salary and an annual target bonus opportunity based on the company’s and the individual’s performance.

Additionally, Allstate offers a diversity of competitive benefits programs and resources:

Comprehensive health care plans, dental coverage, vision coverage, and flexible spending accounts;

Group legal, AD&D, group and dependent life insurance, as well as long-term and short-term disability;

Retirement program and 401k;

Tuition reimbursements for further education opportunities;

Paid time off days.



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