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Data Scientist I

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GEICO

Feb 17

  • Job
    Full-time
    Junior Level
  • Science
    Data
  • Chicago

AI generated summary

  • You need 2+ years in data science or insurance pricing, strong skills in stats and ML, coding (Python, SQL), data engineering, and a quantitative degree. Strong communication and adaptability are essential.
  • You will collaborate with teams to analyze data, develop solutions using SQL, R, or Python, validate models, and communicate insights while adhering to best practices and timelines.

Requirements

  • 2+ years’ industry experience in data science or insurance pricing/ratemaking roles, with a solid understanding of both. Academic and internship experience may also be considered.
  • Solid understanding and experience with advanced statistics and modern machine learning techniques such as GLMs, decision trees, forests, boosted ensembles, etc. Solid understanding of principles of insurance ratemaking.
  • Strong coding skills using common data science tools, such as Python, R, Shiny, SQL, PowerBI, Excel or other statistical programming languages, etc.
  • Experience in data engineering and processing using SQL, Hive, Impala, Spark, or equivalent querying language
  • Familiarity with distributed storage and big data computing technology (AWS, Hadoop, Spark, etc.) preferred
  • Bachelor’s degree in a quantitative discipline, such as statistics, actuarial science, data science, computer science, mathematics, economics, etc. Advanced degree preferred.
  • 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

Responsibilities

  • Collaborates with State Management, Product Management, Finance, Technology, and Pricing to identify and define analytic initiatives and develop solutions to achieve business goals through effective use of data and pricing and machine learning models.
  • Assists with interpreting and communicating data findings and insights using visualization, formal presentations, written memos, and other appropriate formats.
  • Assists in 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.
  • 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.
  • Assists with implementation of analytic solutions into reporting platforms or production systems by assisting in the solution design, development, testing, and monitoring.
  • Discovers, analyzes, and evaluates new data or new uses for existing data to improve the quality, efficiency, and business value of data and analytic solutions.
  • Discovers, analyzes, and evaluates new pricing and data science methods to improve the quality, efficiency, and business value of data and analytic solutions.
  • Adheres to planned timelines and milestones. Escalates issues and blockers.
  • Adheres to documentation, project management, coding, and development best practices.

FAQs

What is the job title for this position?

The job title is Data Scientist I.

Where is this position located?

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

What experience is required for this position?

The candidate should have 2+ years of industry experience in data science or insurance pricing/ratemaking roles. Academic and internship experience may also be considered.

What educational background is preferred for this role?

A Bachelor’s degree in a quantitative discipline, such as statistics, actuarial science, data science, computer science, mathematics, or economics is required. An advanced degree is preferred.

What programming languages should a candidate be proficient in?

Candidates should have strong coding skills using common data science tools, such as Python, R, Shiny, SQL, PowerBI, and Excel.

What statistical techniques should candidates be familiar with?

Candidates should have a solid understanding and experience with advanced statistics and modern machine learning techniques, such as GLMs, decision trees, forests, and boosted ensembles.

Is there a focus on data engineering in this role?

Yes, experience in data engineering and processing using SQL, Hive, Impala, Spark, or equivalent querying languages is required.

Are there any specific technologies candidates should be familiar with?

Familiarity with distributed storage and big data computing technologies such as AWS, Hadoop, and Spark is preferred.

What type of communication skills are expected?

Candidates should be able to communicate in a clear, concise, professional oral or written manner, understandable by technical and non-technical colleagues.

What benefits does GEICO offer for this position?

GEICO offers a Total Rewards Program, which includes premier medical, dental and vision insurance, paid vacation, sick and parental leave, a 401(k) Plan, tuition assistance, and paid training and licensures.

When does coverage for benefits begin?

Coverage begins on the date of hire, and employees must enroll in new hire benefits within 30 days for coverage to take effect.

Does GEICO sponsor employment authorization for this position?

No, GEICO will not sponsor a new applicant for employment authorization for this position.

What is the company’s stance on equal employment opportunity?

GEICO provides a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religion, national origin, gender, sexual orientation, disability, or other protected categories.

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GEICO

Finance
Industry
10,001+
Employees

Mission & Purpose

GEICO (Government Employees Insurance Company) provides affordable auto insurance and a variety of other coverage options, including home, renters, motorcycle, and business insurance. Their mission is to offer reliable and accessible insurance services with excellent customer support and innovative solutions. GEICO aims to deliver exceptional value by providing competitive rates, convenient services, and a commitment to meeting the diverse needs of their policyholders.