Arch

  • Senior Data Scientist, Strategic Analytics Services

    Job Locations US-NJ-Jersey CIty
    Job ID
    2018-1730
    # of Openings
    1
    Category
    Data Analytics
  • Overview

    The Company

    Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda public limited liability company with approximately 3,000 employees and $11.3 billion in capital at December 31, 2017, and, through operations in Bermuda, the United States, Europe and Canada, writes specialty lines of property and casualty insurance and reinsurance, as well as mortgage insurance and reinsurance, on a worldwide basis. Our unique underwriting platform, successful management team and strong capital base has enabled us to establish a prominent presence in the global insurance and reinsurance markets. Arch Capital Services Inc. ("ACSI") provides services to the Arch entities within ACGL.

    Responsibilities

    The Position

    Strategic Analytics is a new, growing team at Arch. The team develops innovative predictive models and analytical tools to improve profitability and growth. Advanced analytics techniques play a key role in this mission. To be successful, we need to develop powerful models, tools and insights that give Arch a unique, competitive advantage.

     

    As Senior Data Scientist, you will play a crucial leadership role in developing the team’s analytics capability. You will work on high-profile advanced analytics projects that drive the company’s decision-making and strategy. You will work with other data scientists to build best-in-class predictive models with creativity, statistical rigor and business sense. As a key member of the Strategic Analytics team, you will help shape how Arch thinks about data and analytics.

     

    Job Responsibilities

    • Collaborate in cross-functional teams and share ideas to solve complex business problems
    • Build predictive models using advanced analytics techniques including GLM, text analytics, and machine learning
    • Develop powerful insights and tools using a variety of analytical techniques and technologies
    • Discover, explore and analyze internal and external datasets for the purpose of developing advanced analytics models
    • Assist in establishing best practices and repeatable processes for the Strategic Analytics team
    • Provide thought leadership on new, innovative techniques, approaches and software
    • Mentor, support and develop the growing team of predictive modelers and data scientists

    Qualifications

    Desired Skills

    • Detailed understanding of statistical theory, predictive modeling, data mining and other advanced analytical techniques
    • Excellent verbal and written communications skills; ability to convey complex concepts to people across the organization
    • Ability to design, build and implement new modeling approaches
    • Exceptional teamwork skills required to play a key role in cross-functional teams as well as the ability to collaborate and build trusting relationships with business partners
    • Task management, time management, project management critical thinking and creative problem-solving skills
    • Comfortable handling ambiguous concepts and breaking down complex problems into manageable pieces

    Required Education/Experience 

    • Master’s Degree or PhD in Statistics, Mathematics, Engineering or similar quantitative fields; or significant experience in advanced data analytics
    • 5+ years’ experience in advanced analytics role
    • 2+ years in p&c insurance, preferably commercial lines
    • Excellent R and SQL skills required
    • Experience delivering significant business value from small or non-standard data sets
    • Hands-on experience developing generalized linear models in a commercial lines setting including loss ratio, frequency/severity, claims modeling
    • Familiarity with a variety of other advanced analytics techniques such as logistic regression, decision trees, clustering, text mining, random forests and survival analysis
    • Experience with Text Analytics Python as well as visualization tools such as QlikView, Tableauand Power BI are a plus

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