Director II, Data Science - Product Design & Modeling - Property & General Liability

Key Skills

Apache Hadoop, C Programming, C++, Data science techniques, Java Programming, Machine learning techniques, MapReduce, Python Programming, PyTorch, R Programming, Scala Programming, SQL, TensorFlow

Job Description

The Product Design and Modeling team has two openings for a Director II, Data Science, who will each lead a team responsible for driving pricing and non-pricing sophistication in the US Design team separately for the Property and General Liability (GL) lines of business. These managers will report directly to the Package & WC Design Lead and will collaborate with global teams in Product Design and Modeling, including Complex Components, Demand Modeling, and Pricing Sophistication.

The positions are responsible for the following:

• Building complex models that lead best-in-class new business pricing sophistication
• Leading the project and pricing management of the Property or GL line of business
• Developing a high-performing pricing modeling team

This level reflects broad knowledge of Business Lines products, actuarial & data science techniques, and the application of those techniques for the Property & GL lines of business, separately.

Responsibilities:

• Develop expertise in Property or GL products in self and team as well as understanding of relationship with BOP products
• Build complex models that lead best-in-class new business pricing sophistication
• Collaborate with Economics team to understand product performance, investigate gaps and drive for additional accuracy in pricing models
• Explore and utilize advanced modeling techniques (e.g., machine learning techniques such as Elastic Nets); collaborate with the Office of Data Science, and partner teams in Product Design and Modeling and Global Risk Solutions(Commercial Lines) to develop and align on best practices
• Collaborate with Delivery, Solutions, and Underwriting Effectiveness teams to help implement new pricing programs
• Provide thought leadership on the pricing strategy of Property or GL and how they support the BOP line of business
• Lead the project and pricing management of the Property or GL line of business
• Understand the competitive marketplace, business issues, and data challenges to deliver actionable insights, recommendations, and business processes
• Develop a high-performing pricing modeling team

• Bachelor’s degree required. Insurance designations such as FCAS or advanced degree in a quantitative field desirable
• Overall, 5-7 years of progressively more responsible experience, including supervisory experience
• Strong analytical skills with solid understanding of all casualty actuarial techniques, standards, and assumptions
• Expert skills in Excel, PowerPoint, and statistical software packages (e.g., SAS, Emblem, R, Python) highly desired 
• Strong knowledge of insurance operations and the procedures of Financial, Underwriting, Claims, Statistical, Information Technology, Legal, and Sales departments
• High-level knowledge of data sources, tools, and the business (lines, systems, pricing plans), predictive modeling, and code (e.g., SQL) preferred 
• Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing 
• Ability to establish and build effective relationships within and outside the organization
• Ability to give effective training and presentations to senior management and other groups
• Ability to lead and get work done through others
• Ability to coach and develop staff members