Investments Opportunistic Senior Associate

Date Opened: Jun 16, 2022

Location: Chicago, IL, US

Company: Allstate Insurance Company

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. Plus, Allstate is changing how, when, and where we work-to lead us boldly into our future. We're empowering our employees to create better ways of working through more intentional use of communication and collaboration practices, processes and tools.

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:

 

This position will report into the Chicago Investments downtown office.  

 

Allstate Investment’s Opportunistic Team is seeking a post-MBA Senior Associate who has a passion for debt and equity investing to become a member of our team. On behalf of Allstate's $65B+ portfolio, the team sits within the Private Alternative Investments Group and makes direct debt and equity investments into illiquid securities, and also invests in select debt, real asset and special situations funds.  The investment mandate is global, but focused on North America, emphasizing corporate, specialty finance, and real asset strategies.  Our offices are located in downtown Chicago, currently with seven investment professionals on the team.  The Opportunistic portfolio is approximately $1 billion in size. 
 

The Senior Associate will assist in all phases of investing - origination, evaluation, execution, monitoring and management - of our portfolio.  

Key Responsibilities

 

In alignment with corporate goals, specific responsibilities for the Opportunistic Senior Associate will include:

 

  • Partner with Opportunistic senior staff in the idea generation, research and investment thesis development activities that create actionable deal flow fitting the portfolio construction and risk management parameters for Opportunistic investing.  
  • Perform quantitative and qualitative analysis used to support the underwriting of potential investment opportunities.
  • Prepare internal memoranda and other materials used to support investment recommendations and to communicate with internal constituents.
  • Assess the performance of existing investments, including financial analysis of the underlying portfolio companies of sponsors' funds.
  • Evaluate market conditions in existing and potential new alternative investment categories.  Provide information and analysis to develop and support asset allocation decisions related to these categories.
  • Develop and maintain a broad-base of relationships across the spectrum of industry participants in order to inform an active market view.
  • Closely monitor the performance of existing portfolio investments, including regular communication with financial sponsors/partners and management teams.
  • Oversee and mentor junior team members on transactions and career development.

Job Qualifications


The successful candidate will have a minimum of two years of work experience in investment banking, opportunistic investing, or leveraged lending.  Prior experience will ideally include direct exposure to opportunistic or special situation investing.  Additional skills required include:

 

  • An MBA is required
  • Proven ability to effectively build relationships internally and externally.  External focus on sources of deal flow, transaction counterparties and other market participants. 
  • Proven ability to manage multiple investment-related projects in a time critical, transaction-oriented environment.
  • Knowledge of, and ongoing interest in, current trends, success factors, participants and terms in private equity and related alternative investment markets. 
  • Demonstrated experience analyzing financial statements and developing financial models and/or completion of a strong credit training program.  Strong knowledge of accounting and finance. 
  • Excellent verbal and written communication skills. 
  • Willingness to work hard in a team-oriented, performance-based environment. 
  • A self starter that requires limited oversight. 
  • Strong proficiency with Microsoft Office.  
  • Experience with research and analytical tools 
  • Some travel required

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

 

Learn more about life at Allstate. Connect with us on Twitter, Facebook, Instagram and LinkedIn or watch a video.

 

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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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.


Nearest Major Market: Chicago