Product Engineer - Software (Remote - Home Based Worker)

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

Software Engineer Senior Consultant II implements applications following 12-factor principles to build out the product and iterative enhancements. They own the full stack of software products, developing and implementing frontends (web or mobile), and backend services. They leverage test driven development and continuous integration to ensure agility and quality of products. They actively participate in the decision-making process of the team ensuring that the simplest appropriate technology and design is chosen to meet user needs.

Job Summary:

This role is responsible for performing quantitative analysis and research within the Risk and Return group of Allstate Investments. Areas of primary focus will include asset allocation, alternative investing and econometric modeling. The role will also assist with private market research and development of quantitatively oriented investment strategies.

This position is a hybrid role based out of our Chicago office, 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. This position is eligible for a monthly connectivity reimbursement to offset the costs of internet and phone expenses.

Key Responsibilities:

• Assist senior quantitative analyst with development and back testing of quantitatively oriented investment strategies
• Perform independent model development, manage project timeline and deliverables end to end
• Research and develop models for asset allocation and private markets, construct and track performance of alternative risk premia based portfolios
• Maintain and enhance existing quantitative models
• Communicate and present work to the research team

Education and Certification:

• Advanced degree in quantitative discipline including Quantitative Finance, Computer Science, Mathematics, Statistics, Econometrics, or similar fields 
• CFA designation a plus

Functional Skills:

• 2+ years’ experience in quantitative research in multi-asset investing preferred
• Desired credentials include experience in statistical analysis and modeling, especially modeling of time series data and back testing of investment strategies
• Experience with large scale data processing
• Solid understanding of financial markets, statistics, and econometric analysis
• Good understanding of factor investing, asset valuation and portfolio construction 
• Strong programming experience in Python and SQL. Linux experience a plus
• Experience with Bloomberg, Aladdin, and market data vendors
• Experience with machine learning and generative AI a plus
• Strong problem-solving skills and ability to meet tight deadlines
• Strong oral and written communication skills

Supervisory Responsibilities:

• This job does not have supervisory duties.

Skills

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

Compensation

Compensation offered for this role is $92,560.00 - 166,465.00 annually and is based on experience and qualifications.

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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