The Product Design and Modeling team has two openings for a Director II, Data Science, who will each lead a team responsible for driving pricing and non-pricing sophistication in the US Design team separately for the Property and General Liability (GL) lines of business. These managers will report directly to the Package & WC Design Lead and will collaborate with global teams in Product Design and Modeling, including Complex Components, Demand Modeling, and Pricing Sophistication.

The positions are responsible for the following:

• Building complex models that lead best-in-class new business pricing sophistication 
• Leading the project and pricing management of the Property or GL line of business
• Developing a high-performing pricing modeling team

This level reflects broad knowledge of Business Lines products, actuarial & data science techniques, and the application of those techniques for the Property & GL lines of business, separately.

Responsibilities:

• Develop expertise in Property or GL products in self and team as well as understanding of relationship with BOP products
• Build complex models that lead best-in-class new business pricing sophistication
• Collaborate with Economics team to understand product performance, investigate gaps and drive for additional accuracy in pricing models
• Explore and utilize advanced modeling techniques (e.g., machine learning techniques such as Elastic Nets); collaborate with the Office of Data Science, and partner teams in Product Design and Modeling and Global Risk Solutions(Commercial Lines) to develop and align on best practices
• Collaborate with Delivery, Solutions, and Underwriting Effectiveness teams to help implement new pricing programs
• Provide thought leadership on the pricing strategy of Property or GL and how they support the BOP line of business
• Lead the project and pricing management of the Property or GL line of business
• Understand the competitive marketplace, business issues, and data challenges to deliver actionable insights, recommendations, and business processes
• Develop a high-performing pricing modeling team

Job Specifications:

Reference: 2022-47152
Category: Data Science
Primary Location: Remote
Additional Locations: Boston, MA; Seattle, WA;
Schedule: Full-Time

Salary: USD-$172,900.00-–-$227,500.00-/-Year
Education Level:
Travel: As Needed