Analyst, Data Science: Property & Specialty Product Design & Modeling

Liberty Mutual Insurance • Boston, MA

8h

About The Position

The creative problem-solvers in Liberty Mutual’s Insights & Solutions group harness the power of data, analytics and technology to develop innovative solutions that drive our US Retail Markets (USRM) business forward and support a high-performing culture. This group brings together highly talented thinkers and doers ready to challenge the status quo and make an impact. As a member of this cross-functional group, you’ll collaborate with teams across Liberty Mutual to deliver analysis that unlocks insights and sparks new, better ways of working.
Join the Property & Specialty Product Design & Modeling (P&S PDM) department to develop industry-leading pricing and underwriting models. We pride ourselves in developing the best-in-class models and making the team an awesome place to work! The P&S PDM team turns DS insights into business value and partners closely with business stakeholders to expertly align risk with rate.
Analyst roles within the team range from leaning more heavily into research to inform our product design, to directly interfacing with regulators and Profit & Loss owners. Our analysts make an impact by improving model fits, researching new modeling techniques, increasing the speed of model deployments, improving capabilities to test, calibrate, and monitor models, and serving as technical experts to explain our models to the broader Property & Specialty organization. With opportunities for growth, mentorship, and engagement with the data science community, we offer a stimulating environment for those with a passion for technical excellence and problem-solving.
This role may have in-office requirements depending on candidate location

Requirements

• Data extraction and manipulation skills, EDA, transformations, and general linear models (GLM); preferred skills of basic CART and GLM.
• Foundational knowledge of predictive analytics tools.
• Demonstrated ability to exchange ideas and convey complex information clearly and concisely.
• Has a value driven perspective with regard to understanding of work context and impact.
• Competencies typically acquired through a Master`s degree (in Statistics, Mathematics, Economics, Actuarial Science or other scientific field of study) and no professional experience or may be acquired through a Bachelor`s degree and 3+ years of relevant experience.

Nice To Haves

• Have proficient level of knowledge with predictive modeling software (e.g., Emblem, Radar) and with Python, including the ability to support and develop related packages.
• Have a strong understanding of rating algorithm structures, including their components, inputs, and outputs

Responsibilities

• Assist on design of designing pricing programs deployment pipeline from modelling to product launch in coordination with the Deployments team
• Identifies areas for potential process improvements and implements necessary changes to bring products speed to market accurately and efficiently
• Collaborates within the team to successfully implement new pricing programs as desired
• Evaluates and verifies the outputs and processes, promptly communicating any issues that may arise
• Develop line-of-business expertise for the property and specialty pricing and underwriting programs
• Applies knowledge of sophisticated analytical techniques to manipulate structured and unstructured datasets for generating insights to inform business decisions
• Translates quantitative analyses and findings into accessible visuals for non-technical audiences and effectively communicate those in written, oral, and presentation formats
• Supports other property and specialty pricing programs including building models and rollouts with adjusting models due to state restrictions, building supporting documents and responding to DOI objections
• Regularly engages with the data science community and participates in cross-functional working groups

Benefits

• At Liberty Mutual, our goal is to create a workplace where everyone feels valued, supported, and can thrive. We build an environment that welcomes a wide range of perspectives and experiences, with inclusion embedded in every aspect of our culture and reflected in everyday interactions. This comes to life through comprehensive benefits, workplace flexibility, professional development opportunities, and a host of opportunities provided through our Employee Resource Groups. Each employee plays a role in creating our inclusive culture, which supports every individual to do their best work. Together, we cultivate a community where everyone can make a meaningful impact for our business, our customers, and the communities we serve.
• We value your hard work, integrity and commitment to make things better, and we put people first by offering you benefits that support your life and well-being. To learn more about our benefit offerings please visit: https://LMI.co/Benefits
• Liberty Mutual is an equal opportunity employer. We will not tolerate discrimination on the basis of race, color, national origin, sex, sexual orientation, gender identity, religion, age, disability, veteran's status, pregnancy, genetic information or on any basis prohibited by federal, state or local law.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level