Junior Associate – Rotational
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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 Header:
The Asset Management Diversity Accelerator (AMDA) is a 24-month rotational development program for entry-level job seekers interested in asset management. Participants will spend eight months as junior associates at each of three Chicago-area asset management firms. By attracting recent university graduates who may not otherwise explore careers in asset management—including women and those from disadvantaged and/or underrepresented backgrounds—the AMDA seeks to create a new pipeline of junior talent, increase diversity of background and thought within investment teams, and better our communities. High-performing participants will have the opportunity to interview for full-time positions with participating firms after program completion. This program has been created to give individuals who do not have a finance/accounting/economics or related degree a pathway into the asset management industry. Training and development opportunities will be geared specifically to those graduating with a bachelor’s degree outside these majors.This program has been created to give individuals who do not have a finance/accounting/economics or related degree a pathway into the asset management industry. Training and development opportunities will be geared specifically to those graduating with a bachelor’s degree outside these majors.
Job Summary:
As part of this two-year rotational program, the selected individuals will gain experience from three independent asset management firms. Working within multi-asset distribution teams, the junior associate will work on client portfolios, assist in critical aspects of the distribution process, and coordinate relationship management activities to proactively address client needs.
What Were Looking For
We’re searching for intellectually curious individuals interested in being trained in client asset services, portfolio management and distribution, and learning more about the world of investing. Numbers should come easily to these individuals as they use their critical thinking skills to support implementation of portfolio strategies to meet client objectives. Additionally, communication skills are critical in this role as junior associates will be interacting with clients and prospects and preparing investment material for internal and external meetings. Junior associates will receive training in portfolio and relationship management and will be required to deliver satisfactory performance for continuation in the program.
What You’ll Do
Build knowledge of assigned client accounts and perform client service duties associated with the maintenance of client portfolios, with special focus on supporting the development and implementation of portfolio strategies that fit a diverse set of products and objectives. Support client relationship goals by handling projects with initiative, accuracy, and a sense of urgency. Assist with the preparation of investment presentation material for internal and external meetings. Work closely with team to execute reporting requirements and identify enhancements to current reporting processes. Analyze institutional investment data to support team in setting distribution strategy and product management priorities. Observe meetings with company management, brokers, and investment staff to maximize investment performance. Ensure all work activities comply with applicable rules, regulations, policies, and procedures. Additional responsibilities as requested.
Job Qualifications
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Bachelor’s degree in any major outside accounting, business, economics, and finance. - Graduation date of May/June 2024.
- Minimum GPA of 3.5
- Must be living in the Chicagoland area and able to commute to the downtown Chicago office Mondays, Tuesdays and Thursdays
- Interest in the financial markets or investing.
- Desire to learn from peers and seek a deep understanding of complex problems.
- Strong analytical skills.
- Ability to build relationships and collaborate with others.
- Ability to digest, simplify, and summarize complex information.
- Highly motivated, detail-oriented team player.
Compensation offered for this role is $70,000 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.
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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