At Allstate, the Analytics department is responsible for aligning with and contributing to corporate growth and profitability objectives by providing expert guidance, influencing business strategies, executing flawlessly, and rigorously defending their work. The Product Modeling & Decision Science (PMDS) team specifically needs to develop and maintain models for ratemaking, economic analysis, and underwriting, while also supporting enhancements to processes and adapting models for state-specific implementations. This role aims to improve rating plan sophistication and decision-making support.
Requirements
- Aptitude and strong interest in statistical modeling techniques such as linear regression, logistic regression, GLM, GAM, GBM, etc. - some modeling experience is helpful but not required
- Standard knowledge in the use of data sources and applications to conduct research
- Strong technical aptitude, such as programming experience with Python, R, SAS, or SQL required.
- Has an understanding of current industry and professional standards/ environment to impact decisions and indicate requirements
- Can analyze data and review analysis from others and identify and resolve basic data issues
- Intermediate computer proficiency in Microsoft Office
- Possesses working knowledge of policies and procedures in management or other technical fields
Responsibilities
- Uses best practices and traditional statistical/modeling techniques to develop and maintain rating, economic and other models as necessary and in consideration of the business goals of the model
- Provide tools, educate and support state teams in the implementation of models and other decision-making support
- Follows appropriate analyses to be conducted for projects to make recommendations to achieve corporate goals
- With minimal direction plans, implements, manages, and/or contributes on projects that are up to moderate complexity and are small-to moderate scale using accepted project management standards
- Forecasts short-term and long-term deliverables with assistance
- Tracks own plan performance and project timeline and communicates and presents project status
- Ensures project controls are in place throughout the lifecycle of the project within own tasks
Other
- Proven insurance business knowledge – for example, understands economics of insurance, familiarity with personal lines ratemaking and rating plans, etc.
- Several years of experience working in personal or commercial lines of insurance
- Working knowledge of insurance regulation and related business constraints
- Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and all organizational levels
- High level organizational and project management skills in order to handle multiple concurrent assignments in a timely manner and to monitor processes throughout a team or department
