Offer summary

Qualifications:

High school diploma/GED or higher with six years of relevant experience in statistical modeling, or a Bachelor's degree with three years of experience, or a Master's degree with three years of experience, or a PhD in a quantitative field., Strong understanding of predictive modeling using coding packages like Python, R, or SAS., Experience in property insurance or insurance underwriting is preferred., Proficiency in SQL, Excel, and Tableau is beneficial..

Key responsibilities:

Develop models and tools to mitigate risk for the property business.

Conduct targeted analysis and build predictive models to identify underpriced risks.

Deploy process enhancements that impact underwriting decisions for new business quotes and policy renewals.

Support business strategies aimed at reducing the volatility of the property book of business.

Job description

Progressive is dedicated to helping employees move forward and live fully in their careers. Your journey has already begun. Apply today and take the first step to Destination: Progress.

As a senior or lead research and development analyst on the Property Underwriting Research team, you’ll develop models and tools to mitigate risk for our property business. You’ll conduct targeted analysis and build predictive models to identify individual underpriced risks. In addition, you’ll deploy process enhancements that impact underwriting decisions when generating new business quotes and policy renewal, and support business strategies that reduce the volatility of our property book of business.

Remote work allowed.

Must-have Qualifications

High school diploma/GED equivalent or higher and a minimum of six years relevant experience in statistical/quantitative modeling and in using various database tools to manipulate large volumes of structured data in a product, pricing or actuarial role in property & casualty insurance
{OR} Bachelor's degree in quantitative field and a minimum of three years analytical work experience in a product, pricing or actuarial role in property & casualty insurance.
{OR} Master's degree in quantitative field of study and a minimum of three years analytical work experience.
{OR} PhD in quantitative field of study.

Preferred Skills

Strong understanding of predictive modeling using one or more relevant coding packages (Python, R, SAS, etc.)
Experience in property insurance or insurance underwriting
A business intelligence skill set, including analytics and reporting
Project management expertise
Technical tools including SQL querying, Excel, or Tableau

Compensation

$87,200 - $143,000/year depending on position level and experience
Gainshare annual cash incentive payment up to 30-40% of your eligible earnings based on company performance

Benefits

401(k) with dollar-for-dollar company match up to 6%
Medical, dental & vision, including free preventative care
Wellness & mental health programs
Health care flexible spending accounts, health savings accounts, & life insurance
Paid time off, including volunteer time off
Paid & unpaid sick leave where applicable, as well as short & long-term disability
Parental & family leave; military leave & pay
Diverse, inclusive & welcoming culture with Employee Resource Groups
Career development & tuition assistance

Sponsorship for work authorization for foreign national candidates is available for this position.

Energage recognizes Progressive as a 2024 Top Workplace for: Innovation, Purposes & Values, Work-Life Flexibility, Compensation & Benefits, and Leadership.

Equal Opportunity Employer

For ideas about how you might be able to protect yourself from job scams, visit our scam-awareness page at https://www.progressive.com/careers/how-we-hire/faq/job-scams/

Required profile