Associate, Tax Credits & Impact Investments

As part of Allstate Investments' Tax Credit & Impact Investments team, the candidate will be supporting the underwriting, analysis, execution, and ongoing asset management of low‑income housing and clean energy tax‑credit investment strategies. The candidate will work closely with senior investment staff across a wide range of responsibilities, including financial modeling, due diligence, transaction evaluation, portfolio monitoring, and the preparation of investment approval materials. They will engage regularly with internal partners—such as tax, accounting, and legal teams—and external fund sponsors and stakeholders to gather market intelligence, manage consent processes, and support annual tax‑credit budgeting and reporting requirements. The role also contributes to broader impact and ESG initiatives, including Sustainability Report disclosures, system and reporting enhancements, and exploration of new credit opportunities. Position is based in Chicago, IL and will be in the office 3 days per week. Limited travel will be required. Key Responsibilities Support senior investment staff in the underwriting, analysis and execution of transactions. Gather/maintain market intelligence through regular communication with existing sponsors and potential new relationships. Review investment fund opportunities brought by existing and potential new sponsors for discussion with portfolio manager. Complete investment recommendation selection and due diligence of investment opportunities. Prepare investment approval recommendation and due diligence material of investments. Assess and prepare approval recommendation of annual tax credit budgeting. Manage internal relationships with tax and accounting as well as internal/external legal counsel. Review and coordinate approval of fund consent requests. Compile quarterly portfolio monitoring of investment performance. Annual review of LIHTC portfolio exposure at property level and completion of fund benefit schedule projection updates. Identify and assist in implementation of internal system reporting and portfolio monitoring improvements. Support of Sustainability Report disclosures and KPIs. Integration of LIHTC, Clean energy & other credits into risk‑return and economic capital frameworks. Research potential expansion to other types of credits. Ad‑hoc assistance on ESG integration efforts and due diligence on real‑estate‑related impact opportunities. Assist in special projects from time to time that support the team. Education and Experience Bachelor's Degree or equivalent experience; may also have an advanced degree and/or CFA. 3+ years of related experience, including investing or structuring investing in LIHTC, tax credit or real estate. Supervisory Responsibilities This job does not have supervisory duties. Certification, Licenses, Registrations No certification, license or registration is required for the job. Functional Skills Advanced/superior analytical and financial modeling skills, with an emphasis on the ability to translate analytical observations into supportable conclusions. Advanced verbal and written communication skills – ability to communicate investment thesis in a balanced and concise manner. Ability to interact effectively and professionally with a wide variety of internal constituents as well as effectively represent Allstate to external stakeholders. Detail oriented with a commitment to high quality work product. Ability to think independently and assist in presenting a viewpoint in a thoughtful and professional manner. Proactively communicates with managers to prioritize and optimize deliverables. Demonstrated ability to perform work autonomously and lead many aspects of the investment life cycle, including underwriting and investment recommendations. Advanced Excel, Word and PowerPoint experience.

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Skills Environmental Social And Governance (ESG) Financial Modeling Investment Strategies Microsoft Excel Structured Investments Compensation Base compensation offered for this role is $124,000.00 – $162,000.00 annually and is based on experience and qualifications. Total compensation for this role is comprised of several factors, including the base compensation outlined above, plus AIP as applicable for the role. The candidate(s) offered this position will be required to submit to a background investigation. Allstate generally does not sponsor individuals for employment‑based visas for this position. 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, religion, 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. 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. #J-18808-Ljbffr Allstate Insurance