Director II, Data Science - GRM Actuarial

Liberty Mutual Insurance in Chicago, IL

  • Industry: Financial Services - Insurance - Actuary
  • Type: Full Time
  • Compensation: $102,906.67 - 179,660.00 / Year*
Advance your career at Liberty Mutual Insurance - A Fortune 100 Company!

Job Summary:

GRM Actuarial - Predictive Modeling team is searching for a highly motivated Director II, Data Science who is eager to make an impact on the very complex and evolving insurance industry. As the manager of the US Short-Tailed Lines Predictive Modeling team, you will provide analytical direction for a team of actuarial and data science professionals. You and your team will leverage primary data, advanced quantitative modeling and financial analysis to develop predictive models and tools that enable data-driven strategic decision-making. This role requires broad knowledge of predictive modeling techniques, and advanced application of those techniques to a variety of business issues. You will provide highly technical analytical assessments of business issues to management and a mixture of technical and non-technical audiences so good communication skills are essential. This is a highly visible role that will connect often with senior management and other groups across Liberty Mutual.

Responsibilities:
  • Manage, coach and develop a team of up to six highly-skilled actuarial and data science staff.
  • Collaborate with other business partners to develop appropriate statistical approaches and tools that will drive strategic decision making related to reserving, trends and other challenging problems central to our business.
  • Understand the competitive marketplace, business issues, and data challenges in order to deliver actionable insights, recommendations and business processes.
  • Research, recommend, and implement new and/or alternative statistical and mathematical methodologies appropriate for the given model or analysis.
  • Supervise and perform highly complex, technical and creative predictive modeling projects.
  • Effectively communicate results, insights and recommendations in written, oral and presentation formats to technical and non-technical audiences.
  • Regularly engage with data science and actuarial communities and lead cross-functional working groups.
Qualifications:

  • Master's Degree in Mathematics, Economics, Statistics or any other quantitative field plus a minimum 7 years of applied business/non-academic experience preferred; OR Ph.D. plus a minimum of 4 years of experience preferred; OR Fellowship in the Casualty Actuarial Society (FCAS) designation required plus a minimum of 5 years of experience, or comparable actuarial education/designation combined with relevant experience.Proficient in predictive analytics including real-world experience in model development, validation, and testing.
  • Experienced in the following: generalized linear models, survival models, random forests, clustering, and Bayesian approaches to data analysis.
  • Proficient with at least one language for data analysis, such as R, Python or SAS.
  • Proven ability to lead and drive projects and assignments to completion through others, and effectively engage talent.
  • Knowledge of insurance principles, underwriting and the various functions of an insurance organization, including Finance, Underwriting, Sales and Claims desirable.
  • Exceptional planning, analytical, decision-making, communication and project management skills.
  • Demonstrated ability to exchange ideas and convey complex information clearly and concisely, both verbally and in writing.
  • Ability to give effective presentations to and influence senior leaders and other groups.
  • Management experience is preferred.
Benefits:
We value your hard work, integrity and commitment to positive change. In return for your service, it's our privilege to offer you benefits and rewards that support your life and well-being. To learn more about our benefit offerings please visit:
Overview:
At Liberty Mutual, we give motivated, accomplished professionals the opportunity to help us redefine what insurance means; to work for a global leader with a deep sense of humanity and a focus on improving and protecting everyday lives. We create an inspired, collaborative environment, where people can take ownership of their work; push breakthrough ideas; and feel confident that their contributions will be valued and their growth championed.
We're dedicated to doing the right thing for our employees, because we know that their fulfillment and success leads us to great places. Life. Happiness. Innovation. Impact. Advancement. Whatever their pursuit, talented people find their path at Liberty Mutual.

Associated topics: actuarial, actuarial analyst, actuarial assistant, actuarial consultant, actuary consultant, analyst, model, probability, risk, statistics

* Estimated salary


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