Quantitative Associate Analyst (Hybrid)
Quantitative Associate Analyst (Hybrid)

Quantitative Associate Analyst (Hybrid)

London Full-Time 28800 - 43200 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Conduct quantitative analysis and develop risk models to support decision-making.
  • Company: Allstate is a leading insurance provider with over 90 years of innovation.
  • Benefits: Enjoy flexible working, healthcare, dental cover, and a generous benefits package.
  • Why this job: Join a high-performing team making impactful decisions in a socially responsible environment.
  • Qualifications: PhD or Master's in Econometrics; programming skills in Matlab, R, or Python required.
  • Other info: We value diversity and encourage applications from under-represented groups.

The predicted salary is between 28800 - 43200 £ per year.

Join to apply for the Quantitative Associate Analyst (Hybrid) role at Allstate

Join to apply for the Quantitative Associate Analyst (Hybrid) role at Allstate

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.

Your role in the team

The Enterprise Economics & Risk Analysis (EERA) team is across-functional team operating at the heart of decision-making at Allstate. The team quantifies and optimizes risk and return for Allstate leveraging a comprehensive economic capital model. EERA is led by the Chief Economist and has team members in USA and UK. The team reports to the Chief Risk Officer and provides advice directly to the CEO, Senior LeadershipTeamand the Board of Directors.

This is an exciting opportunity to join the Economic Capital branch of EERA to support economic capital decision-making and business-wide risk analysis. This role is responsible for performing quantitative analysis and research, specifically dynamic multi-factor risk modeling and scenario analysis. The role will assist with the continued development of our Economic Capital framework, which is based on multivariate conditional time series analysis. The team has a wide range of skill sets, including econometricians, economists, quantitative analysts, coders and financial analysis

Key Responsibilities

  • Research, develop and implement time-series models across underwriting, investments, and other risk types
  • Assist in managing and improving the Enterprise risk modelling framework and scenario analysis
  • Support the Measurement Science Center of Excellence in designing and evaluating metrics for key Allstate initiatives

Essential Skills

  • All applicants must demonstrate they have a legal right to work in the UK for employment at Allstate. For exceptional candidates we may consider sponsorship.
  • A PhD (or final year PhD student) in Econometrics or other economics related field of study, OR a Masters Degree & 3+ years’ experience in quantitative research or applied economics
  • Prior experience in time series modeling
  • Familiarity of Bayesian econometrics
  • Programming experience in Matlab, R or Python

Desirable Skills

  • Experience of risk modeling is a plus
  • Solid understanding of macroeconomics, financial markets, and risk management is a plus

Supervisory Responsibilities

  • This job does not have supervisory duties.

Job Posting End Date: Friday 25th July [11:59pm]

Why join us?

Allstate NI is proud to be Allstate’s European Digital Centre of Excellence—recent winners of ‘Best Use of Cloud Services’ at the Belfast Telegraph IT Awards 2024, and recognised for our community and sustainability impact at the 2024 Business in the Community Awards and Gold accreditation for Environmental Responsibility.

We’re a product-driven, cloud-first organisation delivering real outcomes through modern technology, a digital product-centric talent model, and a culture rooted in engineering excellence. Our teams work in cross-functional structures, guided by an outcome-based delivery approach that accelerates speed, agility, and value.

We offer:

  • A generous, flexible benefits package including annual leave, healthcare and dental cover, pension, and lifestyle discounts
  • Access to world-class learning platforms and award-winning L&D
  • Clear career paths, internal mobility, and a strong focus on growth
  • A people-first culture with flexible working options

Be part of a high-performing, socially responsible organisation where your work has purpose, and your growth is supported every step of the way.

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.

Posting End Date:

15 May 2025

Seniority level

  • Seniority level

    Entry level

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Research, Analyst, and Information Technology

  • Industries

    Insurance and Financial Services

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Quantitative Associate Analyst (Hybrid) employer: Allstate

Allstate is an exceptional employer, offering a dynamic and inclusive work environment in London where innovation thrives. With a strong focus on employee growth, we provide access to world-class learning platforms, flexible working options, and a generous benefits package that prioritises well-being. Join us at our European Digital Centre of Excellence, where your contributions directly impact our mission to protect families while being part of a socially responsible organisation.
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Contact Detail:

Allstate Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Quantitative Associate Analyst (Hybrid)

✨Tip Number 1

Familiarise yourself with Allstate's core values and recent initiatives. Understanding their focus on innovation and community impact will help you align your responses during interviews, showcasing how your skills can contribute to their mission.

✨Tip Number 2

Brush up on your programming skills in Matlab, R, or Python, as these are essential for the role. Consider working on personal projects or contributing to open-source projects that demonstrate your ability to apply these languages in quantitative analysis.

✨Tip Number 3

Network with current or former employees of Allstate, especially those in the EERA team. Engaging in conversations about their experiences can provide valuable insights into the company culture and expectations, which you can leverage in your application.

✨Tip Number 4

Stay updated on the latest trends in econometrics and risk management. Being knowledgeable about current methodologies and tools will not only enhance your understanding but also allow you to discuss relevant topics confidently during interviews.

We think you need these skills to ace Quantitative Associate Analyst (Hybrid)

PhD or Master's Degree in Econometrics or related field
Experience in quantitative research or applied economics
Proficiency in time series modeling
Familiarity with Bayesian econometrics
Programming skills in Matlab, R, or Python
Strong analytical and problem-solving skills
Understanding of macroeconomics and financial markets
Knowledge of risk management principles
Ability to conduct scenario analysis
Excellent communication skills
Attention to detail
Team collaboration skills
Adaptability to changing environments

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in quantitative research, econometrics, and programming. Emphasise any specific projects or roles that align with the responsibilities of the Quantitative Associate Analyst position.

Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background in time-series modelling and risk analysis makes you a great fit for the team at Allstate.

Showcase Technical Skills: Clearly list your programming skills in Matlab, R, or Python. Provide examples of how you've used these tools in previous roles or projects to solve complex problems or conduct analyses.

Highlight Relevant Education: If you have a PhD or are a final year PhD student in Econometrics or a related field, make this prominent in your application. Include any coursework or research that directly relates to economic capital frameworks or risk modelling.

How to prepare for a job interview at Allstate

✨Showcase Your Technical Skills

As a Quantitative Associate Analyst, you'll need to demonstrate your proficiency in programming languages like Matlab, R, or Python. Be prepared to discuss specific projects where you've applied these skills, and consider bringing examples of your work to the interview.

✨Understand the Economic Capital Framework

Familiarise yourself with the concepts of economic capital and risk modelling. Research Allstate's approach to these topics and be ready to discuss how your background in econometrics or applied economics aligns with their needs.

✨Prepare for Scenario Analysis Questions

Given the role's focus on dynamic multi-factor risk modelling, expect questions that assess your understanding of scenario analysis. Think about past experiences where you've conducted similar analyses and be ready to explain your thought process.

✨Demonstrate Team Collaboration

Allstate values teamwork, especially within the cross-functional EERA team. Prepare examples of how you've successfully collaborated with others in previous roles, highlighting your ability to communicate complex quantitative concepts to non-technical stakeholders.

Quantitative Associate Analyst (Hybrid)
Allstate
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