Data Scientist

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. 

Job Description

As a Data Scientist, you'll contribute to major components of the firm’s economic capital framework, including the estimation, aggregation, and allocation of economic capital at the enterprise level, as well as all related stress testing and scenario analytics. You'll be responsible for leading the use of data to make decisions. This includes development and execution of new modeling algorithms, coding and development of tools that use statistical modeling to make business decisions, searching for and integrating new data (both internal and external) that improves our modeling and results (and ultimately our decisions) and discovery of solutions to business problems that can be solved through the use of statistical modeling.

KEY RESPONSIBILITIES

• Communicates findings to team and leadership and ensures models are well understood and incorporated into business processes
• Uses best practices, with coaching, to develop statistical techniques to build models that address business needs and executes on modeling projects effectively, contributing to a wide variety of projects
• Innovates on projects by using new modeling techniques or tools
• Collaborates with the team to improve the effectiveness of business decisions through the use of data and modeling
• Work collaboratively with the quantitative team to estimate, aggregate, and allocate economic capital at the enterprise level, across the firm’s entire portfolio of risks and businesses
• Assist more senior colleagues in the Performance and Analytics team in supporting chief risk officers, risk organizations, and other business areas to evaluate risk-return tradeoffs, assess risk-return implications of strategic and operating plans, and embed the Enterprise Risk & Return Management (ERRM) framework across the organization
• Assist in the creation of focused and transparent risk-return communication for senior management, board, internal, and external parties to facilitate engaged dialogue and decision-making

EDUCATION AND EXPERIENCE

• 4 year Bachelors Degree (Preferred)
• Masters Degree (a plus)
• 2 or more years of experience (Preferred)
• In lieu of the above education requirements, an equivalent combination of education and experience may be considered.

FUNCTIONAL SKILLS

• Solid experience coding in a major statistical/econometric/programming language (e.g., Python, SAS, R, MATLAB, C++)
• Demonstrable experience in computer science, applied statistics, econometrics, and/or algorithmics
• Focused ability to ramp up quickly on specific areas of technical methodology is critical
• Ability to provide clear, incisive communication that boils down complex information

#LI-TE1

Skills

Applied Statistics, Artificial Intelligence Markup Language, Business Acumen, Business Case Analyses, Data Analytics, Econometrics, Statistical Analysis Techniques, Statistical Models, Statistics, Waterfall Project Management

Compensation

Compensation offered for this role is $76,200.00 - 134,550.00 annually and is based on experience and qualifications.

The candidate(s) offered this position will be required to submit to a background investigation.

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.  

You’ll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we’ve proven that Allstate empowers everyone to lead, drive change and give back where they work and live. 

Good Hands. Greater Together.

Allstate generally does not sponsor individuals for employment-based visas for this position.

Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana Na