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Full-Time

Senior Data Scientist

Insurance Modeling

Confirmed live in the last 24 hours

Pie Insurance

Pie Insurance

201-500 employees

Provides workers' compensation insurance for small businesses

Data & Analytics
Fintech
Financial Services

Compensation Overview

$140k - $175kAnnually

+ Equity + Bonus

Senior, Expert

Colorado, USA + 1 more

Category
Data Science
Data & Analytics
Required Skills
Agile
Python
Data Science
R
SQL
Requirements
  • Bachelor’s degree in a quantitative field (Data Science, Computer Science, Statistics or other related fields) is required. A M.S. in a quantitative field is preferred.
  • 5+ years experience as a data scientist, or actuarial modeler, building and delivering pricing and risk modeling solutions in the P&C insurance space.
  • 3+ years experience building claims models
  • Experience developing territorial risk models
  • Strong experience in writing complex SQL programming/queries
  • Strong Python / R programming experience
  • Track record of delivering robust solutions and eager to learn new lines of business
  • Strong problem-solving and analytical skills
  • Ability to work in a fast-paced, agile environment and handle multiple projects simultaneously
Responsibilities
  • Enhance and reinvent the next generation of risk (frequency, severity, LR) and pricing models, with strong emphasis on model robustness
  • Working with business partners, design and build AI-ML solutions in claims, underwriting (UW), customer behaviors use-cases
  • Build demand elasticity models, assess the impact on key business metrics of rate changes for different subpopulations, and make recommendations on path forward
  • Conduct post-hoc model diagnostics and build interpretability reasons using ML methods
  • Monitor and evaluate the performance of various models; detect and come up with mitigation strategies for addressing performance degradation
  • Leverage experimentation techniques to construct the best overlays for relevant risk models
  • Monitor relevant KPIs, and develop automation process for revising risk overlays
  • Build new high-signal insightful features, analyzing a diverse set of internal and external data, and leveraging leverage deep learning, NLP, and advanced ML
  • Support the MLOps in deployment and testing of machine learning models and specialized AI models into the operations of the organization
  • Build and maintain scalable ML development pipelines to support automation and reusability
  • Showcase AI-ML capabilities to leadership and peers

Pie Insurance offers workers' compensation insurance tailored for small businesses, providing wage replacement and medical benefits for injured employees. The company uses data-driven technology to deliver quick insurance quotes in just three minutes, making the process simple for busy business owners. Operating in 38 states and Washington, D.C., Pie Insurance aims to provide affordable coverage with potential savings of up to 30%. Its focus on technology and customer-centric service distinguishes it from traditional insurance providers.

Company Stage

Series D

Total Funding

$621M

Headquarters

Washington, District of Columbia

Founded

2017

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-1%

2 year growth

-3%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $11 million Series A funding round positions Pie Insurance for rapid expansion and growth.
  • The appointment of experienced industry leaders like Audra Foglietta as CFO strengthens the company's strategic and financial capabilities.
  • Integration with platforms like Ivans Download enhances Pie Insurance's operational efficiency and customer service.

What critics are saying

  • The recent layoff of 14% of the workforce indicates potential financial instability and challenges in the funding environment.
  • Expansion plans may face regulatory hurdles and market saturation in the highly competitive insurance sector.

What makes Pie Insurance unique

  • Pie Insurance leverages data-driven technology to offer competitive pricing and quick quotes, setting it apart from traditional insurance providers.
  • The company's focus on small businesses allows it to tailor its services specifically to the unique needs of this market segment.
  • Pie Insurance's promise of potential savings up to 30% on workers' compensation insurance is a significant competitive advantage.

Benefits

Competitive cash compensation

Equity

Comprehensive health plans

Generous PTO, including paid sick leave

Future focused 401k match

Generous parental & caregiver leave