Allstate
Investments Private Assets Intern
This job is now closed
Job Description
- Req#: 750293
- Portfolio Monitoring Meeting
- Assist with creating the monitoring file, distributing to the team, helping lead the meeting, taking notes, and creating the summary file deliverable to senior managers
- Investment Monitoring Reports
- Participate in the formal portfolio valuation and performance review process conducted quarterly
- Assist in creating the portfolio monitoring coverage list and tracking completion
- Performance by Manager Analysis
- Analysis conducted monthly to learn about various valuation drivers, variance analysis, and to review quarterly statements from General Partners
- Assist in follow-up investigation
- Exposure to quarterly reporting and information from Sponsors
- Exposure to detailed portfolio company information
- Quarterly Ratings Analysis
- Working with the Quant team to develop more robust quantitative methods for defining ratings and applying a scorecard approach
- Create trends, work on analysis, and build a guidebook to document the process and rationale with intention to incorporate the process across Performance-Based
- Research
- Learn about the alternative assets/private equity landscape
- Leverage insights for various market commentary, PowerPoint presentations, assist in deal underwriting (market overviews, team overview, etc.)
- Develop professional relationships with key members of the Private Assets Teams
- Portfolio Analytics
- Work closely with the Portfolio Management & Analytics, Middle Office, Risk, and Quant teams to assist in creating dashboards, entering data, developing a hypothesis, etc. around portfolio analytics and portfolio construction
- Connect the interaction of all five Performance-Based groups with the broader Investments organization
- Other
- Sit in during various investment meetings, Deal Committee, Leader’s Meetings, etc. to better understand the deal process/lifecycle. The intern may assist in preparing materials for the meetings, maintaining the agenda, etc.
- Intern will have the opportunity to collaborate with the middle office team and gain eFront exposure, learn about the operations side of Private Assets, and assist with ad-hoc projects
- Pursuing a Bachelor’s degree in Finance, Accounting, Economics; must be a full time student the semester following the internship
- Can analyze data and review analysis while demonstrating strong decision-making skills, attention to detail, ability to communicate effectively, ask questions, and provide creative solutions
- Computer proficiency in Microsoft Office: Intermediate – Excel, Intermediate – Word, Beginner – Outlook, Basic – PowerPoint; standard knowledge in the use of data sources
- Strong written and verbal communication skills
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
The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, Esurance, and Answer Financial brand names and Allstate Financial business segment. Within The Allstate Corporation, Allstate Investments manages a portfolio of nearly $60 billion in assets across public and private groups and is supported by 300+ team members across risk and return management, operations, finance, technology, legal, and compliance.
Allstate is one of the oldest and most established institutional investors of private capital, with Private Equity being a core component of the Allstate portfolio. As part of the larger Performance-Based group comprised of asset classes such as Real Estate, Infrastructure, Opportunistic, and Climate investing, the Private Equity group is highly experienced in fund and direct investing across various sectors and geographies.
The Private Assets Summer Intern will spend a majority of the time supporting the Private Equity team; however, it would be expected that the candidate has the opportunity to rotate between various groups in the Performance-Based team. The candidate will participate in investment committee meetings, portfolio review sessions, deal discussions, and special projects within the Private Assets group. This is a hybrid internship: Monday, Tuesday and Thursday in our downtown River Point office collaborating with the team in person. Wednesday and Friday will be remote.
Key Responsibilities
Key Responsibilities Continued
Job Qualifications
Compensation offered for this role is between $23 and $32 an hour 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/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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- Portfolio Monitoring Meeting
About the company
The Allstate Corporation is an American insurance company, headquartered in Northfield Township, Illinois, near Northbrook since 1967.