Data Scientist - Insurance Modeling

Northbrook, IL 60062, USA

Full-TimeDepends on ExperienceSenior LevelMasters

Job Description

Are you a data-driven problem solver with a passion for the insurance industry? Do you thrive in a fast-paced environment and excel at using data to drive decision-making? Allstate is seeking a talented Data Scientist with experience in insurance modeling to join our dynamic team. As a Data Scientist at Allstate, you will have the opportunity to work on cutting-edge insurance models that drive business strategies and inform key decisions. We are looking for a highly analytical and collaborative individual with a strong background in data analysis, statistical modeling, and programming. If you are ready to make an impact in the insurance industry and be part of a growing data-driven organization, we want to hear from you!

Conduct data analysis and develop statistical models to inform business strategies and decisions.
Collaborate with cross-functional teams to gather and analyze data, identify trends, and develop insights.
Develop and maintain predictive models for insurance risk assessment and pricing.
Utilize programming languages such as Python, R, and SQL to manipulate and analyze large datasets.
Stay up-to-date with industry trends and advancements in data science and insurance modeling.
Communicate complex data and findings to non-technical stakeholders in a clear and concise manner.
Identify opportunities for process improvement and automation to streamline data analysis and modeling processes.
Ensure data integrity and accuracy in all modeling and analysis work.
Work with large and complex datasets to identify patterns, trends, and insights.
Continuously evaluate and improve existing models to ensure they are accurate and relevant.
Collaborate with team members to develop and implement new modeling techniques and methodologies.
Adhere to company policies and procedures regarding data privacy and security.
Contribute to the development of data-driven strategies and initiatives to improve the overall performance of the organization.
Participate in training and knowledge-sharing activities to enhance team capabilities and expertise.
Stay current with industry best practices and advancements in data science and insurance modeling.

Where is this job?

This job is located at Northbrook, IL 60062, USA

Job Qualifications

Strong Background In Statistical Modeling And Data Analysis: This Includes Knowledge Of Various Statistical And Machine Learning Techniques Such As Regression Analysis, Decision Trees, And Neural Networks.
Experience With Insurance Data And Industry Knowledge: A Data Scientist At Allstate Should Have A Deep Understanding Of The Insurance Industry, Including Its Products, Processes, And Challenges. Experience Working With Insurance Data, Such As Claims And Policy Data, Is Also Essential.
Proficiency In Programming Languages And Tools: A Data Scientist Should Have Strong Programming Skills In Languages Such As Python, R, And Sql. They Should Also Be Familiar With Data Manipulation And Visualization Tools Such As Tableau Or Power Bi.
Ability To Develop Predictive Models And Algorithms: The Role Of A Data Scientist At Allstate Involves Developing Predictive Models And Algorithms To Support Business Decisions. Therefore, Candidates Should Have Experience Building And Deploying Models In A Production Environment.
Strong Communication And Collaboration Skills: As A Data Scientist At Allstate, You Will Be Working With Cross-Functional Teams, Including Actuaries, Underwriters, And Business Stakeholders. Therefore, Strong Communication And Collaboration Skills Are Essential To Effectively Communicate Complex Data Insights And Collaborate On Projects.

Required Skills

Business Intelligence
statistical analysis
Machine Learning
Data Mining
Visualization
Predictive modeling
Risk assessment
Time series analysis
Data Interpretation
Fraud detection
Actuarial Science

Soft Skills

Communication
Conflict Resolution
Customer Service
Emotional Intelligence
Leadership
Time management
creativity
Teamwork
Adaptability
Problem-Solving

Compensation

According to JobzMall, the average salary range for a Data Scientist - Insurance Modeling in Northbrook, IL 60062, USA is $82,000 to $130,000 per year. This range can vary depending on factors such as experience, education, and specific job responsibilities.

Additional Information

Allstate is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

Required LanguagesEnglish

Job PostedMay 21st, 2024

Apply BeforeMay 22nd, 2025

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