Research & Development Analyst

• Under general supervision, CREATES basic statistical exhibits used for analyses and supporting different business departments including Underwriting, Claims, Marketing and Advertising to achieve business goals. PERFORMS data exploration and research & development research independently and collaboratively, SUPPORTS cross-functional business and technical teams on business and analytical innovation and contributes to project related communication.
  
  Essential Functions:
  
  1. PREPARES statistical exhibits used for analyses and MAKES projections.
  
  2. PREPARES statistical exhibits for internal management information reports, such as those covering frequency and severity of losses, geographical distribution of losses, losses by cause, large losses and classification relativities. DRAFTS narrative for such reports when appropriate.
  
  3. PREPARES statistical exhibits used to (a) support rate filings, (b) reflect selected loss reserves in company financial statements and experience reports, or (c) fulfill statutory reporting requirements.
  
  4. MAINTAINS, UPDATES, REDESIGNS and DEVELOPS data sources and regular information sources for the section.
  
  5. ASSISTS in designing and testing data bases and experience reports.
  
  6. CHECKS and BALANCES data sources for reasonability. ORGANIZES various data primarily through personal computing, using languages such as R, Python, APL, SAS, EXCEL and ACCESS.
  
  7. UPDATES existing predictive models or data pulls with limited changes.
  
  8. RUNS and UPDATES existing reports with limited updates and TROUBLESHOOTS minor issues.
  
  9. PRESENTS observations of analyses to supervisor and other department staff.
  
  10. DRAFTS text for rate reviews, filings, and internal memos and e-mails describing results of analysis.
  
  11. DRAFTS Pricing Committee, staff or regional meeting minutes, as assigned.
  
  12. DRAWS insights and MAKES recommendations based on assigned analysis.
  
  13. ANALYZES and EVALUATES groups of policies with like rating and underwriting characteristics to identify trends.
  
  14. ANALYZES large sets of data to identify changes or trends in business performance. PREDICTS changes in policy performance or behavior and creates cost-benefit analysis to support processes.
  
  15. Actively LEARNS industry and business background.
  
  16. PARTICIPATES actively in all training sessions as assigned.
  
  17. ASSISTS with training Research & Development Analyst I.
  
  18. ADHERES to the Code of Conduct, company policies, and operating principles.
  
  19. MEETS attendance standard at business location to perform necessary job functions and to facilitate interaction with management and coworkers.
  
  20. MEETS the requirements specified below.
  
  • Must be able to, with or without accommodation, perform the essential functions which include, but are not limited to seeing, hearing, typing and speaking
  • Must be able to work both independently and in a team environment
  • Must be able to multi-task
  • Must be able to learn and apply large amounts of technical and procedural information
  • Must be able to communicate effectively verbally and in writing
  • CPCU pursuit strongly encouraged
  • Must have the following education and experience:
  o Master’s degree or higher in Statistics, Mathematics, Data Science, Economics, Computer Science, Engineering, Operation Research or related quantitative and analytics fields
  o SAS SQL knowledge
  o Cloud database knowledge
  o Proficient to R (Python will be a plus)
  o Proficient in Excel v-look-up, pivot tables, charts and graphing
  o Ability to analyze data using statistical, mathematical or data mining methods
  o Knowledge of insurance rating products and principles
  o Knowledge of Claims, Underwriting, Marketing or Agent
  o Experience in process control and project management

  Must be able to work both independently and in a team environment
  Must be able to multi-task
  Must be able to learn and apply large amounts of technical and procedural information
  Must be able to communicate effectively verbally and in writing
  CPCU pursuit strongly encouraged.
  
  Must have the following education and experience:
  Master’s degree or higher in Statistics, Mathematics, Data Science, Economics, Computer Science, Engineering, Operation Research or related quantitative and analytics fields.
  SAS SQL knowledge
  Cloud database knowledge.
  Proficient to R (Python will be a plus)
  Proficient in Excel v-look-up, pivot tables, charts and graphing
  Ability to analyze data using statistical, mathematical or data mining methods.
  Knowledge of insurance rating products and principles
  Knowledge of Claims, Underwriting, Marketing or Agent
  Experience in process control and project management.

Annual Salary

The above annual salary range is a general guideline. Multiple factors are taken into consideration to arrive at the final hourly rate/ annual salary to be offered to the selected candidate. Factors include, but are not limited to, the scope and responsibilities of the role, the selected candidate’s work experience, education and training, the work location as well as market and business considerations.

The GEICO Pledge:

Great Company: At GEICO, we help our customers through life’s twists and turns. Our mission is to protect people when they need it most and we’re constantly evolving to stay ahead of their needs.

We’re an iconic brand that thrives on innovation, exceeding our customers’ expectations and enabling our collective success. From day one, you’ll take on exciting challenges that help you grow and collaborate with dynamic teams who want to make a positive impact on people’s lives.

Great Careers: We offer a career where you can learn, grow, and thrive through personalized development programs, created with your career – and your potential – in mind.  You’ll have access to industry leading training, certification assistance, career mentorship and coaching with supportive leaders at all levels.

Great Culture: We foster an inclusive culture of shared success, rooted in integrity, a bias for action and a winning mindset. Grounded by our core values, we have an an established culture of caring, inclusion, and belonging, that values different perspectives. Our teams are led by dynamic, multi-faceted teams led by supportive leaders, driven by performance excellence and unified under a shared purpose.

As part of our culture, we also offer employee engagement and recognition programs that reward the positive impact our work makes on the lives of our customers.

Great Rewards: We offer compensation and benefits built to enhance your physical well-being, mental and emotional health and financial future.

• Comprehensive Total Rewards program that offers personalized coverage tailor-made for you and your family’s overall well-being.
• Financial benefits including market-competitive compensation; a 401K savings plan vested from day one that offers a 6% match; performance and recognition-based incentives; and tuition assistance.
• Access to additional benefits like mental healthcare as well as fertility and adoption assistance.
• In office and remote opportunities, as well as our signature GEICO Flex program, offering the ability to work remotely for up to four weeks per year.

The equal employment opportunity policy of the GEICO Companies provides for a fair and equal employment opportunity for all associates and job applicants regardless of race, color, religious creed, national origin, ancestry, age, gender, pregnancy, sexual orientation, gender identity, marital status, familial status, disability or genetic information, in compliance with applicable federal, state and local law. GEICO hires and promotes individuals solely on the basis of their qualifications for the job to be filled.

GEICO reasonably accommodates qualified individuals with disabilities to enable them to receive equal employment opportunity and/or perform the essential functions of the job, unless the accommodation would impose an undue hardship to the Company. This applies to all applicants and associates. GEICO also provides a work environment in which each associate is able to be productive and work to the best of their ability. We do not condone or tolerate an atmosphere of intimidation or harassment. We expect and require the cooperation of all associates in maintaining an atmosphere free from discrimination and harassment with mutual respect by and for all associates and applicants.