Senior Data Scientist

GEICO; Chicago (IL); Hybrid; USD 100,000 - 200,000; Full time

Job summary

Join GEICO as a Senior Data Scientist in Chicago, where you'll apply advanced data science and actuarial skills to optimize pricing strategies. Collaborate with multiple teams to enhance business decision-making through effective data analysis and innovative machine learning models. Enjoy a hybrid work environment and a competitive salary range tailored to your skills and experience.

Benefits

401K savings plan with 6% match

Tuition assistance

Mental healthcare benefits

Flexible remote work options

Employee engagement programs

Qualifications

• 4+ years of experience in data science and insurance pricing.
• Expertise in advanced statistics and machine learning techniques.
• Superior coding skills with data science tools like Python and SQL.

Responsibilities

• Lead collaboration with various teams to identify and define analytic initiatives.
• Build and validate pricing and machine learning models.
• Communicate data findings using various formats.

Skills

Data Analysis

Machine Learning

Statistical Analysis

SQL

Python

R

Education

Advanced degree in a quantitative discipline

Tools

AWS

Excel

PowerBI

Spark

Job description

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This range is provided by GEICO. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$100,000.00/yr - $200,000.00/yr

Summary

Data Scientists in GEICO's Pricing Department forecast business results based on in-market and proposed rating plan changes and provide leaders with options for rating plan changes that are optimized based on changing business goals, regulations, and market conditions. Taken together, these functions provide leaders with information to improve business decision making and provide expectations that can be measured against when changes are made to GEICO’s rating plans. Data Scientists in GEICO's Pricing Department deliver these capabilities by applying skills from data engineering, data science, actuarial science, statistics, competitive and market analysis to internal and external data.

Essential Functions

• Leads collaborations with State Management, Product Management, Finance, Technology, and Pricing to identify and define analytic initiatives, formulate strategies, design rating plan structural enhancements, and develop solutions to achieve business goals through effective use of data and pricing and machine learning models.
• Interprets and communicates data findings and insights using visualization, formal presentations, written memos, and other appropriate formats.
• Leads the preparation of statistical exhibits from pricing, research, or loss reserve analyses for internal management decision making or to fulfill statutory reporting requirements.
• Identifies appropriate actuarial, statistical, and machine learning methods for assigned work. Reviews methodologies of other analysts.
• Identifies, extracts, aggregates, and synthesizes data using SQL, R, SAS, Python or other appropriate languages to enable analysis, model development, and solution deployment.
• Applies actuarial and data science skills to analyze large, complex datasets and identify meaningful patterns that lead to actionable insights and data-driven solutions to business problems.
• Builds, tests, and validates pricing, econometric, statistical, and machine learning models and analyses using Python, R, or other appropriate language as part of overall solution development.
• Leads implementation of analytic solutions into reporting platforms or production systems by leading the solution design, development, testing, and monitoring.
• Discovers, analyzes, evaluates, and leads adoption of new data or new uses for existing data to improve the quality, efficiency, and business value of data and analytic solutions.
• Discovers, analyzes, evaluates, and leads adoption of new pricing and data science methods to improve the quality, efficiency, and business value of data and analytic solutions.
• Assists with developing department business plans. Reviews plans periodically to achieve efficiency where possible. Monitors results against specific goals to ensure completion and business impacts are achieved.
• Develops and executes project plans, tracking to defined timelines and escalating issues and blockers.
• Develops and adheres to documentation, project management, coding, and development best practices.
  
  

Candidate Qualifications And Skills

• 4+ years’ industry experience in data science and insurance pricing/ratemaking roles, with a deep understanding of both.
• Deep understanding and experience with advanced statistics and modern machine learning techniques such as GLMs, decision trees, forests, boosted ensembles, etc. Deep understanding of principles of insurance ratemaking.
• Superior coding skills using common data science tools, such as Python, R, Shiny, SQL, PowerBI, Excel or other statistical programming languages, etc
• Excellent skill and significant experience in data engineering and processing using SQL, Hive, Impala, Spark, or equivalent querying language
• Strong experience with distributed storage and big data computing technology, such as AWS, Hadoop, or Spark
• Actuarial FCAS or advanced degree in a quantitative discipline, such as statistics, data science, computer science, mathematics, economics, etc.
• Intellectual curiosity and ability to thrive in a team environment that is constantly changing
• Demonstrated ability to learn new technical concepts and to adapt to new technologies quickly
• Ability to communicate in a clear, concise, professional oral or written manner, to be understood by technical and non-technical colleagues
  
  

Annual Salary $100,000-$200,000

Location

• This is a hybrid role, on-site 3 days per week at Chevy Chase, MD, Chicago, IL, or New York, NY.
  
  

Annual Salary

$105,000.00 - $215,000.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

At this time, GEICO will not sponsor a new applicant for employment authorization for this position.

The GEICO Pledge

Great Company: At GEICO, we help our customers through life’s twists and turns. Our mission is to protect people when they need it most and we’re constantly evolving to stay ahead of their needs.

We’re an iconic brand that thrives on innovation, exceeding our customers’ expectations and enabling our collective success. From day one, you’ll take on exciting challenges that help you grow and collaborate with dynamic teams who want to make a positive impact on people’s lives.

Great Careers: We offer a career where you can learn, grow, and thrive through personalized development programs, created with your career – and your potential – in mind. You’ll have access to industry leading training, certification assistance, career mentorship and coaching with supportive leaders at all levels.

Great Culture: We foster an inclusive culture of shared success, rooted in integrity, a bias for action and a winning mindset. Grounded by our core values, we have an an established culture of caring, inclusion, and belonging, that values different perspectives. Our teams are led by dynamic, multi-faceted teams led by supportive leaders, driven by performance excellence and unified under a shared purpose.

As part of our culture, we also offer employee engagement and recognition programs that reward the positive impact our work makes on the lives of our customers.

Great Rewards: We offer compensation and benefits built to enhance your physical well-being, mental and emotional health and financial future.

• Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family’s overall well-being.
• Financial benefits including market-competitive compensation; a 401K savings plan vested from day one that offers a 6% match; performance and recognition-based incentives; and tuition assistance.
• Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
• In office and remote opportunities, as well as our signature GEICO Flex program, offering the ability to work remotely for up to four weeks per year.
  
  

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Engineering and Information Technology

• Industries

  Insurance

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