Full-Time
Data Scientist
Finance, Data Science
Posted on 7/29/2025
Tranzact
1,001-5,000 employees
Insurance marketplace with analytics and agents
No salary listed
Mumbai, Maharashtra, India
In Person
 Data & Analytics (1) |
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- Bachelor’s or master’s degree in data science, statistics, mathematics, computer science, finance, or a related field
- Knowledge of distributed data/computing tools such as MapReduce, Hadoop, Hive, or Kafka
- Strong understanding of AI, its potential roles in solving business problems, and the future trajectory of generative AI models
- Develop and deploy predictive models to support financial planning, budgeting, and forecasting
- Analyze large datasets to identify trends, anomalies, and opportunities for cost optimization and top-line growth
- Collaborate with cross-functional teams including Finance, HR, Sales Ops, and IT to align data science initiatives with business goals
- Proactively mines data lakes / warehouses to identify trends and patterns and generates insights for business units and senior leadership
- Design and implement machine learning algorithms for financial risk assessment and scenario analysis
- Create dashboards and visualizations to communicate insights to stakeholders using tools like Power BI or Tableau
- Ensure data integrity and compliance with internal governance and regulatory standards
- Contribute to the development of data products and automation tools that enhance financial decision-making
- Experience in financial services, insurance, or actuarial domains
Tranzact runs a marketplace for distributing direct-to-consumer insurance products. It connects customers with suitable policies through a large network of more than 900 sales agents, using advanced analytics and lead optimization to generate and route insurance leads across multiple marketing channels. Revenue comes from commissions and fees on policy sales facilitated by its platform. The company differentiates itself with a data-driven approach, a broad agent network, and a focus on brand visibility for its partners, aiming to deliver tailored insurance solutions to customers while driving policy sales for insurers.
Company Size
1,001-5,000
Company Stage
Acquired
Total Funding
$632.4M
Headquarters
Fort Lee, New Jersey
Founded
1997
Simplify's Take
What believers are saying
- GTCR acquisition at $632.4 million enables tech scaling under existing management.
- Recognize's digital investment boosts TRANZACT's marketing and analytics.
- Data-driven personalization deepens reach in Medicare Advantage markets.
What critics are saying
- GTCR's debt financing burdens TRANZACT with high interest payments now.
- Recognize overhaul disrupts 900-agent network, dropping leads 20-30% soon.
- NY DFS Regulation 205 halts 25% of TRANZACT campaigns in Q2 2026.
What makes Tranzact unique
- TRANZACT's Anhelo platform uses Spanish-speaking agents for Hispanic insurance access.
- Tandem by TRANZACT extends member engagement directly to carriers.
- TRANZACT manages over one million active Medicare and life policies.
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Benefits
Hybrid Work Options
Flexible Work Hours
Company News
WTW has completed the sale of TRANZACT to GTCR and Recognize, marking a strategic shift to focus on core advisory and broking services. TRANZACT, known for its insurance technology solutions, will benefit from GTCR's expertise in scaling tech businesses and Recognize's digital services investment. This move aligns with WTW's strategy to adapt to market changes and enhance client service. The transaction is expected to streamline WTW's operations and support TRANZACT's growth under new ownership.
Innovative Leader in Insurance Distribution and Marketing Services to be Run by Existing Management Team,...