Directs a unit performing complex statistical analysis to create business strategies for pricing and underwriting. Works with Sr. business leaders across channels, companies and disciplines to identify business needs, approve and schedule the research projects. Establishes strategies to meet broad business needs and influence adoption.
Core Duties and Responsibilities:
Research: Consults with Sr. business leaders and evaluates market dynamics, current practices, company and business customer's goals to identify opportunities to achieve business objectives.
Planning: Creates strategies to address identified needs and develops research projects that impact the opportunities. Directs the development of project proposals that include: research objectives, methodology, time lines and resource requirements.
Analysis: Analyzes issues and trends to determine big picture solutions to business needs. Reviews and analyzes work of team to ensure quality, consistency and impact.
Decision Making: Directs the design and delivery of research methodology that includes actuarial approaches, statistical applications and financial profitability modeling.
Consulting: Partners with business Sr. leaders to understand the business, needs and strategies. Assists in formulating design ideas and encapsulating like needs across the customer base.
Design/Development: Designs and develops models, practices and procedures used in all research studies. Responsible for consistency and continuity of all work performed by the team.
Other: Responsible for management of associates including: performance management, salary planning and administration, training and development, workflow and organizational planning, hiring and placement, and disciplinary actions.
Ensure compliance with enterprise model governance standards, e.g. in the areas of model documentation, development and execution of controls, model testing, and identification of model limitations.
Directs and oversees core studies that require extended timelines, extensive data collection, leveraging associate knowledge, identifying root cause and associated influence.
Creates and delivers best practices in analytic research and related tools, and presentation of information.
May act as an expert witness and provide expert testimony to explain and support company methodologies.
Performs other duties as assigned.
Typical Skills and Experiences:
Education: Post graduate degree strongly preferred.
Experience: Typically nine years related experience in data warehousing, statistical analysis and customer data models and queries. Requires recognized internal/external experience as a consulting level resource. Expert level experience with problem solving in a business environment; working with large customer and/or prospect databases; working with product, geographic, demographic data to identify trends and opportunities. Leadership experience needed.
Knowledge: Extensive theoretical, practical and industry-specific knowledge is essential. Solid understanding and experience with statistical research tools and relative strengths and applicability, analysis software related to other research application areas such as marketing, finance, operations research and underwriting. Solid understanding of data sources both the external and internal and the modeling, systems, and regulatory implications of utilizing these data sources.
Skills/Competencies: Ability to integrate critical information form diverse sources. Ability to apply and/or develop highly advanced principles and concepts. Ability to train, lead and coach associates in all aspects of research analytics and the application of research finding, and a clear grasp of practical deployment aspects. Command of all skills necessary for verbal and written communication to develop and review research studies, communicate findings, make recommendations based on findings, develop and negotiate contracts/service agreements with internal/external contacts, and manage large analytical projects.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring manager’s leader and HR Business Partner.
ADDITIONAL INFORMATION - PLEASE READ CAREFULLY*
This role will be responsible for leading pricing risk segmentation, telematics modeling, and various growth and profitability projects related to auto product.
Lead various advanced statistical analyses including data mining and actuarial research techniques. Construct and present analyses and recommendations to senior leaders and coordinate efforts in applying, validating and implementing models
Direct multiple complex research projects simultaneously as well as aspects of large and complex initiatives.
Proactively stay abreast of industry, developments, and changing trends
Develop and maintain effective relationships with business partners across the company to ensure consistency and alignment where appropriate
Manage performance of assigned staffs and develop new capabilities for the team
Skills Desired of Candidates
Expertise in personal line pricing risk segmentation
Expertise in statistical software program (e.g. R, SAS, Python)
Expertise in developing advanced models and interpret model results
Knowledge of database principles, data profiling, statistics and insurance-related data modeling and ability to apply this knowledge in the most complex situations
Ability to influence business partners in adopting recommendation and ability to drive implementation
Experience leading teams
Ability to deal with ambiguity and create structure where needed
Internal Number: 59346
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