Selective Insurance Company of America

  • Quantitative Analyst

    Location US-NJ-Branchville
    Experience (Years)
    1
    Category
    PRO
    Status
    Full-Time Regular
    FLSA Status
    Exempt/Salaried
    Job ID
    5815
    Travel %
    0-5%
    Auto Reimbursement
    No
  • Overview

    If you have a passion for data science, and want to be a part of a growing and evolving data analytics team, then this might be the perfect opportunity for you!  The Quantitative Analyst at Selective Insurance is responsible for the maintenance and enhancement of existing models focused on Claims, Marketing, Distribution, and Operations as well as the development of new models for current and future business needs. Detects and foresees data and analysis issues and implements creative solutions as applicable. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.

    Responsibilities

    • Assist senior analysts to develop statistical techniques to build models that address business needs 
    • Perform data preparation steps, including extraction of target data from multiple databases, integration of multiple datasets, and creation of derived variables, application of business rules, and quality control checks
    • Assist in the development of new quantitative models using supervised and unsupervised modeling techniques.
    • Assist and work with our IT partners on the development of modeling datasets, as well as model deployment, validation and problem solving.
    • Assist in analyzing available modeling data files in order to understand the data and identify issues that could potentially have an impact on model results.
    • Design and present statistical and quantitative modeling project results to management and the project team.
    • Utilize text mining techniques to extract information from various sources and build models to improve customer experience and optimize operational efficiencies
    • Uses data mining, algorithms, optimization methods, statistical techniques, and machine learning models to research and develop solutions for day to day business problems.
    • Work with the business partners to resolve any issues that arise from the deployment of the models including the development of sophisticated business rules.

     

     

    Qualifications

    • Strong statistics/quantitative skills. Understanding of various multi variate statistical methods e.g. logistic regression, time series, generalized linear model etc.
    • Understanding of machine learning techniques and algorithms, such as SVM, Random Forests etc.
    • Experience with statistical packages such as R, SAS, SPSS, Statistica, STATA, Alteryx etc. are preferred. 
    • Experience with BI tools like Tableau, MSBI etc. is plus.
    • Must be detail-oriented and possess intellectual curiosity. Outstanding organizational and communication skills.
    • 4-year College degree required (prefer graduate degree) in statistics, economics, mathematics, computer science, or related field. 
    • 1-3 years of statistical modeling experience preferred. 
    • Insurance industry experience preferred.

     

    Selective is an Equal Employment Opportunity employer. Selective maintains a drug-free workplace.

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