Actuary
Description
- Design and develop new statistical scoring models for use by our insurance carrier partners using machine learning techniques, including Generalized Linear Models (GLM), Principal Components Analysis (PCA), and Gradient Boosting Machines (GBM).
- Research internal data sources and identify potential products that could provide revenue opportunity in the insurance underwriting, insurance claims, or banking marketplace.
- Maintain and update current insurance products and statistical models used for insurance scoring.
- Support CARFAX Advisory services in providing filing documentation and models to regulators.
- Provide programming requirements and specifications to Product Development to support implementation and delivery of model-based scores.
- Provide quality assurance and user acceptance testing support prior to score deployment.
- Communicate project status to internal stakeholders.
- Research relevant industry activity and monitor marketplace for product opportunities.
- Give presentations at industry conferences, seminars, webinars or workshops and at internal company functions.
What we're looking for:
- Four years’ property-casualty predictive modeling or ratemaking experience, with experience in personal auto preferred.
- Proficiency in machine learning techniques including Generalized Linear Modeling and Gradient Boosting Machines, with at least two years’ experience.
- Proficiency in Microsoft Excel, Microsoft Word, and statistical programming software such as R, Python.
- Ability to communicate mathematical concepts to non-technical audiences.
- Strong organizational skills and attention to detail.
- Strong critical thinking skills, natural curiosity, and the ability to work efficiently with limited direct supervision.
- Ability to travel quarterly which includes visits to the Centreville, Virginia office and regular attendance at industry conferences and seminars.
- Bachelor’s degree in actuarial science, statistics, mathematics, or related field.
- Associate or Fellow of the Casualty Actuarial Society or other similar designation. FCAS preferred.
- Competitive compensation, benefits and generous time-off policies
- 4-Day summer work weeks and a winter holiday break
- 401(k) / DCPP matching
- Annual bonus program
- For a comprehensive list of benefits, please visit our website: https://jobs.jobvite.com/carfax/p/benefits
- 10X Virginia Business Best Places to Work
- 9X Washingtonian Great Places to Work
- 9X Washington Post Top Workplace
- St. Louis Post-Dispatch Best Places to Work
The anticipated base salary for this position is $103,000 to $170,000. In addition to base compensation, this role is eligible for an annual bonus. The bonus is based on company and individual performance. Individual pay is determined by several factors including location, skills, experience, education and training. The application window for this position closes when the position is filled or no longer posted.
When available, the salary range posted for this position reflects the projected hiring range for new hire, full-time base salaries in U.S., not including benefits. Applicants may not be eligible for the full salary range based on their U.S. hiring location. The recruiter can share more details about compensation for the role in your location during the hiring process.
About CARFAX
CARFAX, part of S&P Global Mobility, helps millions of people every day confidently shop, buy, service and sell used cars with innovative solutions powered by CARFAX vehicle history information. The expert in vehicle history since 1984, CARFAX provides exclusive services like CARFAX Used Car Listings, CARFAX Car Care, CARFAX History-Based Value and the flagship CARFAX® Vehicle History Report™ to consumers and the automotive industry. CARFAX owns the world’s largest vehicle history database and is nationally recognized as a top workplace by The Washington Post and Glassdoor.com. Shop, Buy, Service, Sell – Show me the CARFAX™. S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets.
CARFAX is an Affirmative Action/Equal Opportunity Employer. It is the policy of CARFAX to provide equal employment opportunity to all persons regardless of race, color, sex, pregnancy, religion, national origin, age, ancestry, citizenship status, veteran status, military status, disability or handicap, sexual orientation, genetic information or any other status protected by federal, state or local law. In addition, CARFAX will provide reasonable accommodations for qualified individuals with disabilities. We maintain a drug-free workplace. We are a participant in E-Verify.