Associate Data Scientist - Actuarial R&D (P&C Insurance)

Data Science

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Travelers Data Scientists are taking the organization to the next level of intelligence by using advanced statistical techniques and machine learning algorithms. As an Associate Data Scientist on the Commercial R&D team, you will assist in analyzing data to generate actionable business insights and solutions for all lines of business. You will use your developing technical and business knowledge to create pricing models and processes that solve key business problems.What Will You Do?

• Support both Commercial Auto and P&C lines of business through development of analytical solutions to business problems.

• Maintain and refine existing rating algorithms for pricing, product management, and operational functions.

• Implement predictive models for insurance pricing, customer retention and new business conversion.

• Engage in rate segmentation analyses, including evaluating, building, and presenting statistical models.

• Develop your understanding of key business areas (e.g., product, enterprise, industry, claim process and competitors) that enable project work.

• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Basic working knowledge of predictive modeling, actuarial ratemaking and insurance concepts required.
• Knowledge of statistical techniques with the ability to read/revise/review statistical software program (e.g. Python, SAS).
• Ability to analyze and interpret data, draw actionable insights, and clearly articulate findings to target audience.
• Execution focused with the ability to complete assigned steps to support developing advanced models.
• Developing knowledge in: Regression, Classification, Machine Vision, Natural Language Processing, Deep Learning and Statistical modeling.

What is a Must Have?

• Bachelor’s or Master’s degree in Statistics, Mathematics, Decision Sciences, Actuarial Science or related analytical STEM field. 
• Heavy concentration in mathematics, including statistics and programming, business intelligence/analytics, as well as data science tools and research using large data sets. Additional verification of specific coursework will be required.

What Is in It for You?

• Health Insurance: Employees and their eligible family members – including spouses, partners, and children – are eligible for coverage from the first day of employment.
• Retirement: Travelers provides a core contribution of 3% of your total eligible earnings to your Deferred Profit Sharing Plan (“DPSP”). Travelers also matches your savings plan contribution dollar-for-dollar up to 5% of base pay.
• Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off (“PTO”) annually, plus the opportunity to purchase additional days to allow for up to a total of 36 PTO days per year. You will also receive twelve paid company Holidays.
• Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services and other resources to support your daily life needs. Through Life Balance, you’re eligible for free counseling sessions with a licensed therapist.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Equal Employment Opportunity Statement

Travelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.