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Remote

Investments Quantitative Analyst Intern

Allstate Insurance
remote work
United States, Illinois, Chicago
Oct 27, 2024

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 Description

Allstate Investments manages approximately $66 billion of assets. Our goal is to provide sustainable, competitive, risk-adjusted investment returns and investment related services for the benefit of The Allstate Corporation. We attribute our successful track record in large part to the quality of our people. The size of the investment group exceeds 300 individuals across a variety of investment disciplines including, fixed income, equities, private securities, commercial mortgages and derivative asset classes, as well as, finance and technology. 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. 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.

This position is a hybrid role, 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.

JOB SUMMARY

As part of Allstate Investments' Risk and Return Group, The Quantitative Research team supports the broad quantitative investment research by collaborating with portfolio management team and providing data analytics, quantitative modeling and investment strategy research covering a wide range of investment mandates, including asset allocation, public and private investing, and risk allocations. The candidate will be working alongside of our quantitative researchers, responsible for assisting various phases of quantitative research process, such as data modeling, statistical analysis, performance tracking, and signal research. The candidate will participate in research meetings, project review sessions, and investment forum, gaining exposure to various stages of the investment life cycle.

This is a hybrid internship: Tuesday, Wednesday and Thursday in our downtown River Point office collaborating with the team in person. Monday and Friday will be remote.

KEY RESPONSIBILITIES

  • Quantitative Research and Modeling for public and private markets

  • Support Analytical Platforms and Daily Model Production

  • Data Science and Data Strategy development for Investment Analytics

  • Identifies business needs by synthesizing information through research, working session outputs and direction from more senior team members

  • Helps design presentations and communicates effectively to leadership

  • Works cooperatively on cross-functional teams

SUPERVISORY RESPONSIBILITIES

This job does have supervisory duties.

EDUCATION AND EXPERIENCE

  • Pursuing a Bachelor's degree in Finance, Accounting, Economics, Mathematics, Statistics, or Data Science; must be a full-time student the semester following the internship

CERTIFICATIONS, LICENSES, REGISTRATIONS

  • No Certification, License or Registration is required for the job

FUNCTIONAL SKILLS

  • Passion in investment management industry

  • Ability to think strategically, anticipate basic resource needs, establish objectives, set priorities, identify resource requirements, define dependencies and schedule activities, and understand Allstate's strategic direction

  • Strong analytical skills; experience with SQL, Python and Statistics

  • Ability to solve problems within scope of responsibilities

  • Ability to draw conclusions and make recommendations based on data

  • Ability to maintain relationships with business and stakeholders as needed to accomplish assigned tasks

  • Effective communication skills

Compensation offered for this role is between $23 and $32 an hour and is based on experience and qualifications.

Skills

Customer Centricity, Digital Literacy, Inclusive Leadership, Learning Agility, Results-Oriented

Compensation

The candidate(s) offered this position will be required to submit to a background investigation.

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.

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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 Programs

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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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