Sunday, July 11, 2010

Associate - Private Equity

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The Allstate Corporation is the nation’s largest publicly held personal lines insurer. A Fortune 100 company, with $156 billion in assets, Allstate sells 13 major lines of insurance, including auto, property, life and commercial. Allstate also offers retirement and investment products and banking services. Allstate is widely known through the “You’re In Good Hands With Allstate®” slogan. Allstate was founded in 1931 and became a publicly traded company in 1993.

Allstate Investments, LLC

Private Equity Position Description

Associate

Allstate Investments, LLC manages over $100 Billion of assets across portfolios for three major clients for Allstate to meet their investment objectives. The business model provides the foundation for daily decision-making and portfolio management. Allstate Investments strives to provide sustainable, competitive, risk-adjusted investment returns and investment-related services for the benefit of the Allstate Corporation. The size of the investment group exceeds 375 individuals across a variety of investment disciplines including taxable fixed income, tax-exempt fixed income, equities, private securities, commercial mortgages and derivative asset classes as well as accounting, finance and technology. Investment performance for our portfolios has consistently provided excess returns for our customers and we attribute that success in large part to the quality of our people. 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. For additional information about Allstate Investments, LLC visit our website at www.AllstateInvestments.com.

Job Scope
Allstate Investment's Private Equity Team is seeking a pre-MBA analyst who has a passion for private equity investing to become a member of our team. On behalf of Allstate's $100B+ portfolio, this group invests into private equity funds and also makes direct co-investments alongside our sponsor partners. The investment mandate is global, emphasizing buyout, growth, mezzanine and distressed strategies. Our offices are located in suburban Chicago and London, with nine investment professionals on the team. The private equity portfolio is currently $2.5B.

The Analyst will assist in all phases of investing - origination, evaluation, monitoring and managing - of our North American portfolio. As well, the Associate will be exposed to all the international investing done by the team. This position will provide excellent experience for the candidate who desires to gain the practical experience in private equity investing needed prior to completing an MBA.

Responsibilities

1. Perform quantitative and qualitative analysis used to support the underwriting of potential investment opportunities.
2. Prepare internal memoranda and other materials used to support investment recommendations and to communicate with internal constituents.
3. Assess the performance of existing investments, including financial analysis of the underlying portfolio companies of sponsors' funds.
4. 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.

Requirements

Skills Required:

1. Proven ability to manage multiple investment-related projects in a time critical, transaction oriented environment. (Advanced)
2. Knowledge of, and ongoing interest in, current trends, success factors, participants and terms in private equity and related alternative investment markets. (Basic/Intermediate)
3. Demonstrated experience analyzing financial statements and developing financial models and/or completion of a strong credit training program. Strong knowledge of accounting and finance. (Intermediate)
4. Excellent verbal and written communication skills. (Advanced)
5. Eagerness to work hard in a team-oriented, performance based environment. (Advanced)
6. A self starter that requires limited oversight in the completion of individual projects. (Advanced)
7. Travel required.

Experience Required

At least two years of work experience in investment banking, leveraged lending or investment management. Prior experience will ideally include direct exposure to private equity and financial sponsors.

Computer Proficiency

Requires very strong proficiency with Microsoft Office. Experience with Capital IQ or other M&A market data tools preferred.

Education

Undergraduate degree required. Business related studies preferred.

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