Associate Predictive Modeler
AAA-The Auto Club Group · Chicago, IL · 1 wk ago
On-siteArt & Creative$75k–$85k/yrFull-time
About the Role
Under direct supervision, the Associate Predictive Modeler will work closely with senior modelers to assist in developing and implementing predictive models to drive profitable growth, fight fraud, and make sound business decisions. This is a hybrid position with a schedule of Monday through Friday, 8 AM to 5 PM.
Responsibilities
- Collaborate with senior modelers to collect and preprocess data for modeling purposes.
- Assist in conducting statistical analysis to identify patterns and relationships in data.
- Support the development and testing of predictive models using appropriate algorithms and techniques.
- Document processes, methodologies, and findings related to predictive modeling projects.
- Stay up-to-date with industry trends and advancements in predictive modeling techniques and tools.
- Build knowledge and skills within assigned discipline.
- Maintain up-to-date knowledge of industry research, developments, changing trends, and jurisdictional issues.
- Assist with planning, organizing, gathering, analyzing, and converting data from numerous sources to satisfy reporting requirements and deadlines.
- Support analytic requests for information to determine required data.
- Assist with manipulating data in preparation for modeling exercises.
- Support utilizing, reviewing, and documenting internal automated systems, programs, and processes.
- Perform research and use statistical analysis to complete assignments.
- Support modelers in making analysis rate revisions and changes on all lines of business.
- Present information from research and statistical analysis to enhance corporate decision-making.
- Support senior modelers with projects simultaneously and work well in a team environment.
- Assist with research and utilize new programming and data mining techniques.
- Communicate effectively with others in a work environment both orally and in writing.
- Assist with documenting processes and findings related to predictive modeling projects.
Requirements
- Bachelor’s degree in Mathematics, Actuarial Science, Statistics, or a related field.
- Relevant internships, coursework projects, or research experience in statistics, data analysis, or machine learning.
- Experience supporting analytic requests for information to determine required data.
- Experience assisting with manipulating data in preparation for modeling exercises.
- Experience supporting the utilization, review, and documentation of internal automated systems, programs, and processes.
- Experience performing research and using statistical analysis to complete assignments.
- Experience with programming languages used for data analysis and predictive modeling.
Skills
- Knowledge of PC software applications (e.g., Word, Excel, PowerPoint, Access).
- Knowledge of predictive modeling techniques and principles.
- Knowledge of SAS, SQL, Python, R, or similar data mining applications.
- Strong understanding of programming, database, and data mining principles.
- Analytical and problem-solving skills.
- Ability to support modelers in making analysis rate revisions and changes on all lines of business.
- Ability to present information from research and statistical analysis to enhance corporate decision-making.
- Ability to work on multiple projects simultaneously and collaborate effectively in a team environment.
- Ability to assist with research and utilize new programming and data mining techniques.
- Strong oral and written communication skills.
Preferred Qualifications
- Master’s degree in Mathematics, Actuarial Science, Statistics, or a related field.
- Less than one year of insurance-related statistical/predictive modeling experience.
- Experience using basic statistical analysis techniques to conduct data mining, research, and analysis.
- Experience in personal lines Property and Casualty with a specific focus on actuarial research.
Work Environment
This position works primarily from a home office location. Depending on the role, some employees may be required to come into the office, at a minimum, for important departmental meetings or team-building events.
Pay
The Associate Predictive Modeler will earn a competitive salary of $75,000 - $85,000 annually with annual bonus potential based on performance.
Benefits
- Health & Wellness:
- Medical plans with multiple coverage options, including HSA eligibility.
- Prescription drug coverage.
- Dental and vision benefits.
- Employee Assistance Program (confidential support services).
- Financial Protection & Insurance:
- Company-paid basic life insurance.
- Optional supplemental life insurance and dependent coverage.
- Short-term and long-term disability coverage.
- Critical illness, accident, and pet insurance options.
- Retirement & Savings:
- 401(k) plan with 3% automatic deferral upon eligibility; may contribute 1% to 50% of eligible earnings, either pre- or post-tax.
- Company match of 50% paid on employee contributions up to 6% of pay, payable following the end of the year; immediate vesting.
- Additional company contribution of 4% of pay each payday into your account; 100% vested after three years of service.
- Health Savings Account (HSA) and Flexible Spending Accounts (FSA) options.
- Time Off & Leave:
- Paid Time Off (PTO): Accrual-based, increases with tenure, eligible at 90 days of employment. Full-time new employees receive up to 12 PTO days annually; accrual based on start date.
- Paid Holidays: Full-time employees are eligible for 10 company-paid holidays annually, plus 1 mental health day, 2 floating holidays, and 1 volunteer day. Part-time employees are eligible for 8 company-paid holidays, plus 1 mental health day and 2 floating holidays.
- Paid leave programs, including parental, bereavement, jury duty, and military leave.
- Career Growth & Education:
- Tuition assistance (up to $5,250 annually; 80% covered by ACG).
- Professional certification support with 100% reimbursement for eligible programs.
- Opportunities for career development and advancement.
- Additional Perks:
- Complimentary AAA membership with roadside assistance and travel discounts.
- Adoption assistance program.