Associate Analyst - Public Assets

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.

Everything we do at Allstate is driven by a shared purpose: to protect people from life’s uncertainties so they can realize their hopes and dreams. For more than 89 years we’ve thrived by staying a step ahead of whatever’s coming next – to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We’ve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection. We are the Good Hands. We don’t follow the trends. We set them.

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 candidate will assist the Investment Grade, High Yield, and Syndicated Bank Loan analysts with fundamental credit analysis used for making timely investment recommendations in our portfolios and managed Collateralized Loan Obligations (CLOs). This role is an important part of our investment process and involves supporting analysts who follow designated industries and companies. The candidate will work closely with senior analysts, developing investment themes and providing support for credit analysis and relative value recommendations.  There are potential opportunities to support specific bank loan/CLO trading desk initiatives including communication with both internal and external clients. Our process is very team-oriented, with the analysts interacting with each other and the portfolio managers on a continual basis.  As such, the ability to work well in a team setting is critical.  The ultimate goal of the research and recommendations is to help the portfolios deliver the best possible results for our clients.  

This position will report hybrid out of the Allstate Investments downtown office, in Chicago. 

Start date: Spring 2023 (Post-Graduation) 

Key Responsibilities

• Support senior analysts by analyzing and assessing new and existing investments opportunities. 
• Perform company/industry related research, develop and update financial models, review key industry issues and competitors and monitor changes in prices. 
• Collaborate with portfolio managers
• Daily opportunities to learn directly from our senior investment professionals
• Contribute to the improvement of the overall investment process by continually exploring new ideas, processes and technologies that will benefit the group.

Job Qualifications

• Pursuing Bachelor's degree from a four-year university and Graduating in Spring 2023
• A degree in Computer Science, Finance, Accounting, or other business-related discipline is preferred but not required
• Progress towards a CFA designation preferred 
• 0-1+ years of work, internship, and/or related course experience
• General understanding of capital markets and an intellectual curiosity as it relates to quantitative methods, finance, economics and market cycles
• Ability to perform tasks and achieve results independently and as part of a team, consistently meet deadlines, and prioritize multiple assignments effectively in a dynamic work environment
• Effective verbal and written communication skills with the ability to interact effectively across a wide variety of constituents
• Strong computer skills including Microsoft Office products and experience with Bloomberg preferred

Compensation offered for this role is between $70,000 and $103,750 and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Good Work. Good Life. Good Hands®.

As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy. For a full description of Allstate’s benefits, visit allstate.jobs/benefits/

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Allstate generally does not sponsor individuals for employment-based visas for this position.

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