Geico

Research & Development Analyst III

Geico$60K — $185K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in Statistics, Mathematics, Data Science, Economics, Operation Research, or related quantitative fields for R&D Analyst II.
  • PhD in the same fields for R&D Analyst III or a Master's with 2+ years of analytical experience.
  • Proficiency in R; Python knowledge is advantageous.
  • SAS SQL familiarity and experience with cloud databases.
  • Advanced Excel skills including v-look-up, pivot tables, and graphing capabilities.
  • Ability to leverage statistical methods for data analysis.
  • Familiarity with insurance rating products and principles.

Responsibilities

  • Create and support various insurance products.
  • Assist departments like Underwriting, Claims, Marketing, and Advertising to meet business goals.
  • Interact with commercial-grade databases in cloud or local environments.
  • Perform independent and collaborative data exploration and R&D research.
  • Work on business and analytical innovation with cross-functional teams.
  • Contribute to project-related communication and presentations.
  • Engage in innovative modeling techniques and derive new metrics.

Benefits

  • Opportunity to work at a leading auto insurance company known for analytics.
  • Engagement with cutting-edge R&D and innovation in the insurance industry.
  • Supportive cross-departmental collaboration leading to diverse experience.
  • Chance to address complex questions with significant business impact.
Full Job Description

Your Impact at GEICO
At GEICO, Research and Development (R&D) is fundamental to our business. Complex analysis underlies every major decision for our research and development and is an essential component of our unique strategic vision. Analytics have and continue to be GEICO’s hallmark in the competitive auto insurance industry.

How You’ll Make a Difference

Insurance Product Support:

  • Working out of our Bethesda, MD office, as a R&D Analyst, your job duties will include creating and supporting multiple types of insurance products, assisting different business departments including Underwriting (UW), Claims, Marketing and Advertising to achieve their business goals, interacting with commercial grade database in cloud or local, generating large-scale data and translating it into business values.

Data Exploration:

  • You will perform data exploration and R&D research independently and collaboratively, work with cross-functional business and technical teams on business and analytical innovation and contribute to project-related communication.

Meaningful Impact:

  • You will be part of a team that is focused on innovation in the insurance industry: Trying new modeling techniques, deriving new metrics, and tackling complex questions that the company has never tried to answer before.

What We’re Looking For


Core Skills:

  • Proficient in R (Python will be a plus)
  • SAS SQL knowledge
  • Cloud database knowledge
  • Proficient in Excel v-look-up, pivot tables, charts, and graphing
  • Ability to analyze data using statistical, mathematical or data mining methods
  • Knowledge of insurance rating products and principles
  • Knowledge of Claims, UW, Marketing or Agent
  • Experience in process control and project management

Experience & Qualifications:


R&D Analyst II:

  • Master's degree or higher in Statistics, Mathematics, Data Science, Economics, Operation Research or related quantitative and analytics fields.

R&D Analyst III:

  • PhD degree in Statistics, Mathematics, Data Science, Economics, Operation Research or related quantitative and analytics fields.
  • In lieu of PhD degree: Master’s degree in Statistics, Mathematics, Data Science, Economics, Operation Research or related quantitative / analytics fields, and a minimum of 2 years of analytical experience.


 

Annual Salary

$60,000.00 - $185,000.00

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.


 

GEICO will consider sponsoring a new qualified applicant for employment authorization for this position.


 

About Geico

GEICO (Government Employees Insurance Company) is an American auto insurance company with headquarters in Chevy Chase, Maryland. It is the second largest auto insurer in the United States, after State Farm. GEICO is a wholly owned subsidiary of Berkshire Hathaway that provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017. GEICO writes private passenger automobile insurance in all 50 U.S. states and the District of Columbia. The insurance agency sells policies through local agents, called GEICO Field Representatives, and over the phone directly to the consumer, and through their website.
Learn more about Geico
Size
40,000 employees
Industry
Founded
1936

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