Sr. Associate Data Scientist
Location
Hartford, CT | United States
Job description
Hartford, Connecticut
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
$107,600.00 - $177,500.00
Target Openings
1
What Is the Opportunity?
Travelers Organizational Statement
Solid reputation, passionate people, and endless opportunities. That's Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers - and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.
Summary
The Travelers Catastrophe Risk Management Group is seeking a Sr. Associate Data Scientist to join our PERILS team. You will be joining a group of dedicated professionals charged with leading Travelers to be in a position to endure catastrophic loss from natural and man-made perils.
The PERILS team is a multi-discipline group focusing on peril research, the development of next generation analytics, and event response activities. As a member of this Team, you will be an active participant in the development and implementation of peril research and strategies. The team engages in enterprise-wide complex multi-disciplinary CAT research projects with various depths of focus. The position requires an individual who can strive in an analytical, innovation-driven environment, in tune with business needs.
What Will You Do?
Travelers Data Scientists are taking the organization to the next level of intelligence by using advanced statistical techniques and machine learning algorithms. As Sr. Associate Data Scientist, you will analyze large, complex data sources to generate actionable insights and solutions that will enhance our catastrophe risk assessment. You will work with business partners to develop an understanding of business needs and opportunities for data analysis and experiments. Leverage your expanding technical and business knowledge to build models that solve key business problems.
We are seeking a candidate with a solid analytical base and a keen interest in research and development. The position requires an individual who can succeed in a collaborative, innovation-driven environment, in tune with business needs and deadlines.
Primary responsibilities include:
- Independently perform tasks to support the development of analytical solutions, engage stakeholders and provide recommendations.
- Catastrophe model evaluation, sensitivity testing, calibration, and validation with a focus on wildfire and cyber perils.
- Develop tools and features to bring latest peril research/models into production.
- Develop domain and business knowledge to build statistical models.
- Communicate analysis, insights, and results to manager, peers, and working team.
- Stay abreast of scientific research and be able to synthesize academic papers.
- Assist or mentor less experienced analytic talent.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Masters in STEM related field or equivalent
- 1 year of related experience
- Moderate working knowledge of modeling/research /analytics or actuarial required
- Domain knowledge of primary P&C insurance market, a basic understanding of CAT modeling concepts and one or more vendor CAT models preferred. CAT model certification is a plus.
- Solid analytical and research skills dealing with issues that are not readily defined
- Relevant statistical analysis work experience required
- Knowledge of statistical techniques with the ability to read and revise statistical software programs (e.g., R/Matlab/SAS)
- Ability to develop basic models and interpret model results
- Basic understanding of advanced statistics underlying data models
- Ability to apply emerging statistical procedures to work
- Working knowledge in: Regression, Classification and Statistical modeling
- Moderate working knowledge of a programming language (e.g., Python) strongly preferred
- Self-motivated with ability to self-organize and drive analyses independently
- Strong communication and ability to convey technical concepts across professional fields of discipline
- Experience with geospatial a plus
What is a Must Have?
- Master's degree in Statistics, Mathematics, Decision Sciences, Actuarial Science or related analytical STEM field plus one year 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 and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you're eligible for five free counseling sessions with a licensed therapist.
- 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.
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 .
The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company's diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010.
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