Predictive Modeler

Company: Allstate Insurance Company
Location: Northbrook, IL
Web: www.allstate.com

The purpose of this department is to apply economic, quantitative, statistical, and actuarial skills in the development of new pricing and financial models which contribute to Allstate's growth and profitability. We communicate this work to other departments and support implementation. This collaborative relationship helps Allstate win in an ever-changing and highly competitive marketplace

We offer the perfect combination of basic research projects and real business problems, as well as the time, tools and environment to effectively tackle both. We use a variety of modeling tools and algorithms to build sophisticated customer pricing models and gain insight into the causes of insurance claims. In addition to solving real-world business problems, you will be exposed to discussions about the latest trends in many areas of life (e.g. social networks, telematics, smart homes), and will explore their impact on the insurance industry.

Examples of past projects:

• Using geographic variables to improve customer pricing
• Identifying fraudulent auto theft claims
• Large-scale (20 million rows, 500 variables) internal data mining competition to create the next generation of insurance pricing models

Please click here to see a video and learn more about the Associate Predictive Modeler opportunity!

We currently have positions available at a variety of levels.

Qualifications

RESPONSIBILITIES

• Exploration of applied research ideas and formulation of R&D projects.
• Execution of all phases of quantitative research projects: identifying the business problem, data exploration, modeling, communication of final results.
• Leading teams of analysts to achieve project goals.
• Knowledge sharing within the Analytics Group and the Research Center.
• Collaboration with data managers, software developers and internal Allstate clients. Please click here to see a video and learn more about the Associate Predictive Modeler opportunity!

1. Solid skills and training in statistical modeling and other quantitative and research analytics (Linear and Non-Linear Regression Analysis, Multivariate Analysis, Bayesian Methods, Time Series Analysis, Generalized Linear Models, etc.).
2. Strong written and verbal communication skills including the ability to effectively collaborate with multi-disciplinary groups and all organizational levels.
3. High level organizational and project management skills in order to handle multiple concurrent assignments in a timely manner.
4. Strong decision making skills.

Experience Preferred: (type of experience and number of years preferred)
1 - 3 years of related experience from the insurance industry related to property and casualty (personal or commercial) business lines preferred.

Computer Proficiency: (computer skills needed to do the job)
Comfortable with basic data related and presentation packages like Access, Microsoft Excel, MS Word, PowerPoint etc. Familiarity with statistical packages such as SAS, Splus, Mathlab, SPSS, or STATA is a plus.

Education: Masters/MBA preferred

Major preference: Master's degree in Statistics/Applied Statistics, Actuarial Science, Applied Mathematics, Operation Research, Economics, Engineering or MBA. PhD is preferred; 1-3 years prior experience from the insurance industry related to statistical modeling preferred.

Allstate is an equal opportunity employer.

_Contact_:

TO APPLY AND/OR LEARN MORE ABOUT THIS OPPORTUNITY,

CLICK HERE for 0008Y4 , Northbrook, IL