Insurance Analytics Analyst

TransUnion

(Chicago, Illinois)
Full Time
Job Posting Details
About TransUnion
A global leader in credit information and information management services, TransUnion gives businesses, consumers and the global community the power to achieve their goals. Businesses count on us to better manage risk and customer relationships. Consumers are able to better manage credit to achieve their financial goals. And in communities around the world we help build strong economies and give people the power to achieve their dreams.
Summary
You will apply your highly developed analytical skills to work on all aspects of the insurance value chain, ranging from product design, pricing models, fraud detection, process triaging to a variety of marketing related models in customer acquisition, retention, cross-sale, event-based triggering and budget allocation. Your new team will have a focus on risk modeling, developing new products, and enhancing existing solutions that support the auto, homeowners, commercial, and life vertical markets. You will be exposed to working with multiple insurance carrier and third party vendor data. Some of these models include credit risk, vehicle history, violation/criminal data, and telematics scoring. You will also communicate with customers, external partners and internal departments while effectively leading complex analytics projects.
Responsibilities
* Independently designs and executes all aspects of projects that will be a mixture of business reporting, customer evaluations and modeling. * Utilizes advanced statistical techniques and insurance business knowledge to create high-performing predictive models and creative analyses to address business objectives and client needs. * Communicates projects and complex modeling concepts clearly and in easy to understand verbal discussions, reports and/or PowerPoint decks internally and in client/vendor meetings. * Facilitates the implementation of models through internal and external data/model/algorithm specifications. * Provide leadership around business intelligence in the insurance space at TransUnion. * Processes varied and complex data for modeling both from internal and external sources. * Provides high quality ongoing customer and sales support; uncovering opportunities, answering questions, resolving problems and building solutions. * Assesses post implementation metrics on the success of projects. * Assures compliance with regulatory and privacy requirements. * Provides thought leadership in the continued development of knowledge, statistical analysis methods, software, data sources and skills to improve quantitative solutions by providing brainstorming, peer review, and the sharing of ideas from projects. * Creates detailed project plans to ensure projects are completed on time and within budget.
Ideal Candidate
* Graduate-level degree with concentration in a quantitative discipline such as statistics, computer science, mathematics, economics, or operations research OR Bachelor’s degree with some actuarial exam progress. * Strong verbal and written communications skills, listening and teamwork skills, and effective presentation skills. This is absolutely essential since you will have a lot of exposure to different internal groups (data, IT, product and sales) as well as third-party partners and customers (insurance companies). * 1 or more years of relevant work experience preferably including statistical modeling and data mining in a P&C insurance context using large and complex data sets. * Experience with personal lines rating plans is a strong plus. * Expertise in statistical modeling techniques such as linear regression, logistic regression, and GLM. * Programming experience with SAS and other statistical software like R. * Aptitude for performing multiple tasks in a dynamic business environment and dealing with changing deadline requirements. This includes knowing when to escalate issues. Maintains a focused, flexible, organized, and proactive manner. * Proficiency in Microsoft Office (Excel, Word, PowerPoint).

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