Manager & Sr. Data Scientist
Job ID: R-35914
Job Category: Data Science,
Location: Hartford, CT
Additional Locations: Saint Paul, MN;
Workplace Arrangement: Hybrid
Posted Date: April 26, 2024
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Who Are We?
Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
Compensation Overview
The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.
Salary Range
$138,600.00 – $228,800.00
Target Openings
1
What Is the Opportunity?
Travelers Data Scientists are taking the organization to the next level of intelligence by using advanced statistical techniques and machine learning algorithms. As a Manager & Sr. Data Scientist, you will build sophisticated models that solve important business problems and enhance our customer experience. This may include the use of artificial intelligence techniques to analyze imagery, text, and other unstructured data. You will employ storytelling using data to communicate insights and findings to stakeholders. This role may manage others.
In Business Insurance Actuarial and Analytics, we deliver tailored analytics and innovative data science solutions that influence decisions and enable superior results. We have an inclusive culture where everyone feels that they belong, can be authentic, are valued, respected, empowered and part of our success. We see strength in the uniqueness that each of us contributes to creating innovative solutions and improving business outcomes.
Business Insurance Analytics & Research has an open Manager & Sr Data Scientist position on the General Liability (GL) Pricing Modeling Team. The Manager & Sr Data Scientist will drive enhancements to pricing segmentation for Travelers GL products across Middle Markets, as well as provide pricing model support for Inland Marine.
What Will You Do?
- Refresh and enhance our GL and IM pricing segmentation models with new variables (internal and external) and/or new modeling approaches/techniques.
- Develop/Enhance Machine Learning GL claim level loss development model to be incorporated into GL pricing modeling.
- Provide oversight and direction to Modeling Academy participants to ensure sound modeling technique and adherence to Modeling Guidelines.
- Manage portions of business or technical projects focused on the design or development of analytical solutions.
- Share expertise with the community through discussions, presentations, or peer reviews
- Set and manage expectations with business partners for small projects, and with limited guidance, identify potential conflicts and build consensus.
- Communicate analysis, insights, and results to team, peers, and business partners, and with guidance, tailor communication to the audience.
- Be a mentor or resource for less experienced analytic talent, onboard new employees and interns, and support recruiting and talent assessment efforts.
- Support various training and skill development initiatives.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Masters in STEM related field or equivalent
- 5 years of related experience
- Advanced working knowledge of modeling/research/ analytics or actuarial required
- Strong grasp of value creation and business model concepts
- Advanced knowledge of multiple statistical software programs, especially Python and SAS
- Ability to develop advanced models and interpret model results
- Application of advanced statistics underlying data models
- Ability to develop emerging statistical procedures to work
- Advanced knowledge in 2-3 of the following: Regression, Classification, Machine Vision, Natural Language Processing, Deep Learning and Statistical modeling.
- Experience with insurance pricing models and/or GL products is a plus.
What is a Must Have?
- Master’s degree in Statistics, Mathematics, Decision Sciences, Actuarial Science or related analytical STEM field plus three years of experience, or PhD in Statistics, Mathematics, Decision Sciences, Actuarial Science or related analytical STEM field plus zero years of experience, or any suitable and equivalent combination of education and work experience.
- Heavy concentration in mathematics, including statistics and programming, business intelligence/analytics, as well as data science tools and research using large data sets. Additional verification of specific coursework will be required.
What Is in It for You?
- Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
- Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
- Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
- Wellness Program: The Travelers wellness program is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health program provides access to free professional counseling services, health coaching and other resources to support your daily life needs.
- Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.
Employment Practices
Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.
In accordance with local law, candidates seeking employment in Colorado are not required to disclose dates of attendance at or graduation from educational institutions.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.
Careers at Travelers
When you work at Travelers, life’s most important moments become your life’s work. That means helping families feel secure, businesses to prosper, knowing that you’ve made a difference, and feeling like you belong to something bigger. It also means being part of a team comprised of 30,000 + talented and passionate people that are evolving to meet changing needs – from customer service to data science and beyond. If that’s more than you imagined in an insurance career, it’s time to join us at Travelers.
$24 Million donated to the communities where we live and work globally in 2023 $900,000 raised by employees through our Community Connections Campaign in 2023
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