Position:
- Data Scientist I
Company:
- Accident Fund Insurance Company of America
Location:
- Lansing, MI, United States (Remote)
Job Type:
- Full-time
Job Mode:
- Remote
Job Requisition ID:
- 12186
Years of Experience:
- No prior experience required, provided the candidate meets the educational requirements. Workers compensation, predictive modeling, and actuarial experience are preferred.
Company Description:
- Accident Fund Insurance Company of America, a leading organization in the insurance domain, specializes in workers’ compensation insurance.
- With a commitment to delivering innovative solutions, the company places a strong emphasis on data-driven strategies to enhance decision-making processes.
- The organization values diversity and fosters an inclusive workplace culture, ensuring fair treatment and equal opportunities for all employees.
- With a robust infrastructure and advanced analytics department, the company consistently invests in technology and research to stay ahead in the competitive insurance landscape.
- Employees are encouraged to pursue continuous learning and professional development to excel in their careers while contributing to the company’s mission of growth and excellence.
Profile Overview:
- The Data Scientist I role centers around leveraging advanced statistical and machine learning techniques to support the company’s predictive modeling initiatives.
- This position involves developing and refining models for multivariate analysis, linear modeling, and data mining to address key business objectives.
- A significant aspect of the role includes analyzing complex data, interpreting findings, and presenting actionable insights to various stakeholders.
- Candidates are expected to possess a blend of technical expertise, problem-solving skills, and the ability to communicate complex concepts effectively.
- The role aligns closely with the company’s strategic goals of enhancing business processes, optimizing decision-making, and maintaining a strong capital foundation.
Qualifications:
Educational Requirements:
- Bachelor’s degree in one of the following fields:
- Insurance
- Mathematics
- Economics
- Statistics
- Computer Science
- Advanced degree (preferred) in:
- Statistics
- Actuarial Science
- Applied Mathematics
- Certification or progress toward certification is highly encouraged.
Preferred Experience:
- Workers compensation knowledge.
- Experience in predictive modeling and actuarial tasks.
- Proficiency in handling complex datasets and deriving actionable insights through statistical methods.
Technical Proficiency:
- Advanced knowledge of:
- Statistical data mining
- Actuarial research
- Predictive modeling algorithms
- Familiarity with:
- Computer modeling tools
- Spreadsheet applications
- Programming languages (e.g., Python, R)
- Understanding of machine learning techniques, including pattern recognition and evolutionary computation.
Key Skills:
- Strong analytical and quantitative abilities.
- Effective communication and presentation skills.
- Ability to work independently on advanced research projects.
Responsibilities/Tasks:
Core Responsibilities:
- Develop and monitor predictive risk models aligned with corporate goals.
- Conduct advanced statistical analyses and data mining for actionable insights.
- Collaborate with cross-functional teams to articulate complex mathematical concepts.
Modeling and Research:
- Perform multivariate analysis, univariate analysis, and linear modeling.
- Build, test, and finalize custom models using training, test, and cross-validation datasets.
- Examine and analyze data to determine optimal modeling approaches.
Stakeholder Communication:
- Present findings and recommendations to internal stakeholders.
- Prepare detailed summary reports and deliver actionable conclusions.
- Train end-users to interpret and utilize model outputs effectively.
Model Deployment:
- Deploy and maintain predictive models independently or in collaboration with the IT department.
- Document model requirements, candidate risk factors, and other technical aspects.
Additional Info:
Working Conditions:
- Minimal travel may be required for specific projects or training sessions.
Compensation:
- Pay range: $57,400–$96,200 annually.
- Actual compensation will be determined based on:
- Internal equity
- Candidate’s skills and professional experience
- Geographic location
- Market factors
Equal Opportunity Commitment:
- Accident Fund Insurance Company of America is committed to fostering an inclusive workplace.
- Discrimination or harassment in any form is strictly prohibited.
- Employment offers are made on an "at-will" basis, with no intention of creating a contractual obligation.
Legal and Departmental Information:
- Legal Employer: Accident Fund Insurance Company of America
- Department: Advanced Analytics (Department ID: 117080)
- Job Posting Date: November 22, 2024
- Job Schedule: Full-time
Please click here to apply.
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