The Data Scientist supports the development of statistical models that will enable future growth and profitability for our book of business through appropriate pricing, underwriting and risk segmentation. He/she will report to the Manager of Data Science and will be involved in research, development and implementation of analytical solutions based on statistical models.
RESPONSIBILITIES
- Performs data mining and data cleansing tasks.
- Prepare datasets for modeling through balancing and validation.
- Produces predictive models which enable the creation of rating plans and evaluation of risk.
- Assists decision makers with studies that evaluate new business models to evaluate customers’ profitability including customers and/or risk segmentation, retention and lifetime value modeling.
- Communicates to diverse audiences, including technical and non-technical.
- Manages projects of moderate complexity.
- Supports modeling requests made by other departments.
- Works closely with others to gain strong understanding of insurance concepts and processes.
- Perform other job-related duties as assigned.
QUALIFICATIONS
- Masters in economics, statistics, or related field required, PhD preferred.
- 1 or more years of experience developing and implementing multivariate predictive models using GLM and other statistical methods.
- Broad thinker with the ability to synthesize information from various sources and apply that information to concrete business problems. Strong decision-making skills.
- Solid skills and training in predictive modeling, data mining and other quantitative and research analytics (Multivariate Analysis, Bayesian Methods, Generalized Linear Models, Non-Linear Models, Decision Trees, Non- Parametric estimation etc.).
- Strong programming ability in SAS, SQL, R or other programming languages and proficiency in scripting languages and ability to build code and algorithms to tackle statistical problems.
- Excellent written and oral communication and presentation skills.
- Self-starter and strong individual contributor.
- Solid understanding of database principles and experience working with large databases.
- Knowledge of auto insurance will be a plus.
SALARY RANGE
The pay range for this position is $109,000 to $140,000 annually. Actual compensation will vary based on multiple factors, including employee knowledge and experience, role scope, business needs, geographical location, and internal equity.
PERKS & BENEFITS
- 4 weeks accrued paid time off + 9 paid national holidays per year
- Low cost and excellent coverage health insurance options that start on Day 1 (medical, dental, vision)
- Annual 401(k) Employer Contribution
- Free onsite gym at our Woodbridge Location
- Resources to promote Professional Development (LinkedIn Learning and licensure assistance)
- Robust health and wellness program and fitness reimbursements
- Various Paid Family leave options including Paid Parental Leave
- Tuition Reimbursement
ABOUT THE COMPANY
The Plymouth Rock Company and its affiliated group of companies write and manage over $2 billion in personal and commercial auto and homeowner’s insurance throughout the Northeast and mid-Atlantic, where we have built an unparalleled reputation for service. We continuously invest in technology, our employees thrive in our empowering environment, and our customers are among the most loyal in the industry. The Plymouth Rock group of companies employs more than 1,900 people and is headquartered in Boston, Massachusetts. Plymouth Rock Assurance Corporation holds an A.M. Best rating of “A-/Excellent”.
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