Liberty Mutual

Data Scientist: Property & Specialty Product Design & Modeling

Liberty Mutual$110K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Solid knowledge of predictive analytics techniques and statistical diagnostics of models.
  • Advanced knowledge of predictive toolset, serving as an expert resource for tool development.
  • Strong communication skills for conveying complex ideas clearly and concisely.
  • Ability to understand and articulate the business context and impact of analytical work.
  • 0-1 years of experience for Ph.D. candidates, 2-3 years with a master's, or 4+ years with a bachelor's degree.

Responsibilities

  • Assist in designing pricing programs deployment pipeline from modeling to product launch.
  • Utilize sophisticated analytics techniques to manage large structured and unstructured datasets for business insights.
  • Identify and test hypotheses to develop predictive models with statistical significance.
  • Translate quantitative analyses into accessible visuals for non-technical audiences.
  • Enable strategic decision-making by providing clarity on trade-offs among business choices.
  • Customize analytic solutions to meet specific stakeholder needs.
  • Collaborate with data science teams to implement new pricing programs using Python.

Benefits

  • Opportunities for growth and mentorship.
  • Engagement with the data science community.
  • Collaborative and stimulating work environment.
  • Flexibility with hybrid or remote work depending on candidate location.
Full Job Description
Description

Join theProperty & Specialty Product Design & Modeling 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! TheP&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.

The Analyst collaborates with business partners to develop predictive analytic solutions that enable data-driven strategic decision-making. This role utilizes data science techniques to manipulate large structured and unstructured data sets, identify patterns in raw data, and develop models to predict the likelihood of a future outcome and/or to optimize business solutions.

This level reflects solid knowledge of predictive analytics techniques, while continuing to learn how to apply techniques to business issues.

This position may have in-office requirements dependent upon candidate location

Candidates who live within 50 miles of Boston, MA; Portsmouth, NH; Seattle, WA;Columbus, OH; or Plano, TX will follow a hybrid schedule, coming into the office two days per week. Otherwise, this role is remote.

Responsibilities:

  • Assist on design of designing pricing programs deployment pipeline from modelling to product launch in coordination with the Deployments team
  • Applies knowledge of sophisticated analytics techniques to manipulate large structured and unstructured data sets in order to generate insights to inform business decisions.
  • Identifies and tests hypotheses, ensuring statistical significance, as part of building and developing predictive models for business application.
  • Translates quantitative analyses and findings into accessible visuals for non-technical audiences, providing a clear view into interpreting the data.
  • Enables the business to make clear trade-offs between and among choices, with a reasonable view into likely outcomes.
  • Customizes analytic solutions to specific stakeholder needs.
  • Collaborates with other data science teams to successfully implement new pricing programs using Python packages as desired.

  • Responsible for smaller components of projects of moderate-to-high complexity.
  • 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.
Qualifications
  • Solid knowledge of predictive analytics techniques and statistical diagnostics of models.
  • Advance knowledge of predictive toolset; expert resource for tool development.
  • 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 0-1 yrs. of related experience with a Ph.D., a minimum of 2-3 yrs. of experience with a masters degree, a minimum of 4+ yrs. of experience with a bachelors degree.

Pay Philosophy: The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

About Liberty Mutual

Since 1912, Liberty Mutual Insurance have committed theirselves to providing broad, useful and competitively-priced insurance products and services to meet their customers' ever-changing needs. Their delivery on this commitment is the reason they're now the third largest property and casualty insurer in the U.S. based on 2012 direct premium written according to the National Association of Insurance Commissioners.

Liberty Mutual Careers

Join the vibrant team at Liberty Mutual, a leading global insurance company, where your career is in your hands. At Liberty Mutual, we are committed to fostering an inclusive culture that values diversity and innovation. With a variety of job opportunities across multiple fields, this is where your professional journey can truly flourish.

Work You’ll Do

At Liberty Mutual, you’ll be part of a team that’s dedicated to empowering people to live safer, more secure lives. Whether you’re interested in a position in claims handling, underwriting, or customer service, you’ll find a platform here to enhance your skills and push the boundaries of what you can achieve.

Explore Our Job Opportunities

Liberty Mutual offers a range of career paths for both seasoned professionals and those just starting out. Our internship programs provide invaluable hands-on experience, helping to bridge the gap between education and full-time employment. For those seeking to grow their career, we offer positions that challenge and inspire, backed by benefits that support both professional and personal growth.

Innovate with Us

Innovation is at the heart of Liberty Mutual. We encourage our team to bring fresh ideas that drive industry leadership and improve customer experiences. By joining our team, you’ll collaborate with talented professionals who are keen on developing solutions that lead the market.

Develop Your Career

Liberty Mutual is deeply invested in the professional development of its employees. With comprehensive diversity training and leadership programs, we prepare you to take on leadership roles within the company. Networking opportunities within the company can lead to mentorship and further career advancement.

Benefits of Joining Liberty Mutual

Working at Liberty Mutual comes with numerous benefits. From competitive salaries to health and wellness programs, we ensure our team members are well taken care of. More than just a job, a position at Liberty Mutual is a stepping stone to a fulfilling career.

Join Our Team

Ready to take the next step in your career? Explore the job opportunities at Liberty Mutual. We are actively hiring and looking for individuals who are passionate, curious, and ready to drive change. Enhance your resume, prepare for your interview, and become part of a company that values your unique skills and vision.

Stay Connected

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Liberty Mutual: A Place to Grow, Innovate, and Lead

Discover how you can make a difference. Visit our careers page to find the position that’s right for you and join a team that’s committed to growth, leadership, and innovation. At Liberty Mutual, your career is what you make it.
Learn more about Liberty Mutual
Size
45,000 employees
Industry
Founded
1912

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