Sr Data Scientist Capital Modeling at Farmer S Insurance

We are Farmers!
We are… more than just your favorite commercials. We are a passionate, award winning, equal opportunity employer, committed to the strength of a diverse workforce. We are dedicated to supporting the well-being of our people through our extensive suite of benefits, as well as the well-being of the communities we serve through employee volunteer programs and nonprofit partnerships. Helping others in their time of need isn’t just our business – it’s our culture! We are Farmers!
Do you thrive in a high-volume, fast-paced environment? Do you enjoy the challenge of a position where no two days are alike? We are looking for positive, high-energy professionals who are not just looking for a job, but a meaningful career!
Job Summary
This role has responsibilities for the operation, development and use of the capital model within Farmers Insurance. 
Provides data modeling services (exploratory and predictive modeling) for line(s) of business and/or shared service functions. 
Works on end to end solutions as an individual contributor and as part of the project team, starting with partnering with business leaders to identify project opportunities and clarify modeling requirements. 
Conceives and designs complex and innovative analytic models both that include traditional and contemporary data mining technologies, applied to both structured and unstructured data sets. 
Responsible for pulling and cleaning datasets, building and testing the models, and presenting results to internal teams and business leaders to demonstrate the business value of each project.
Essential Job Functions
Understands the technical working of the capital model.
Helps explain the capital allocation results from the capital model.
Recommends new and innovative ways to produce insurance risk parameters that balance accuracy and efficiency.
Coordinates with other departments to ensure model calibration is done with accuracy and completeness.
Prepare reports for regulatory submissions and internal documentation summarizing the key drivers of risk and movements in risk.
Leads the design, build and test/validate process for quantitative models (descriptive, predictive, optimization/simulation and others) built using a variety of modeling techniques. 
The modeling results could be presented to end users as reports, scorecards, dashboards, web applications or be implemented directly into the line of business workflow with an automated process. 
Partners with business leaders to identify project opportunities and clarify modeling requirements, including understanding who will use the potential solution and how it fits into the business process. 
Presents modeling results to business leaders and discusses interpretation and application of using the model. 
Performs research and development on new modeling algorithms, modeling concepts or technical tools to find applicability to Farmers projects. 
Presents results to the senior leadership team and recommends whether researched items should be added to the Farmers Analytics toolkit. Leads team meetings, knowledge sharing and individual learning activities 
Perform other job duties as assigned.
Experience Requirements
5-7 years as Data Scientist, Actuary, or related technical role in a delivery oriented environment required. Experience within the insurance industry and insurance data preferred.
Experience with capital modeling preferred.
Experience with programming languages  such as Python, R, SQL.
Education Requirements
High school diploma or equivalent required. Bachelor's degree preferred. Masters degree in statistics, operations research or other quantitative analytical field preferred.
Special Skill Requirement
Additional Qualification
Benefits
Farmers offers a competitive salary commensurate with experience, qualifications and location.
	o CA Only: $114,080 - $165,400
	o CO Only: $107,200 - $142,600 
	o New York City, NY/Westchester County: $132,320 - $165,400 
	o WA Only:  $114,080 - $152,600 
Bonus Opportunity (based on Company and Individual Performance)
401(k)
Medical
Dental
Vision
Health Savings and Flexible Spending Accounts
Life Insurance
Paid Time Off
Paid Parental Leave
Tuition Assistance
For more information, review “What we offer” on https://www.farmers.com/careers/corporate/#offer
Want to learn more about our culture & opportunities? Check out www.Farmers.com/careers/corporate and be sure to follow us on Instagram, LinkedIn, and TikTok.