Plymouth Rock Assurance

Data Scientist Summer 2020 Internship

Job Locations US-MA-Boston
ID
2020-1262
Category
Data, Applications & Analytics
Type
Intern

Data Scientist Summer 2020 Internship

 

The Plymouth Rock Company is the holding company for a group of insurance companies and is headquartered in Boston.  It employs 1,500 people, writes, and services over $1.1 billion in personal lines premium in New England and New Jersey.    Plymouth Rock was founded in 1982 on the premise that combining extraordinary underwriting rigor, unparalleled customer service, and teamwork by passionate, driven professionals will lead to high levels of sustainable success. The core values that were the foundation of our company continue to serve us well.  We offer a stimulating and highly collegial work environment

 

This position will be critical in advancing our mission to drive profit-focused technical excellence and innovation within the Plymouth Rock Group of Companies.   The position will be responsible for research and development of new analytical techniques around insurance pure premiums, customer lifetime value, customer-buying behaviors and other related topics utilizing internal and external data.  This work will be used in setting pricing, underwriting and product strategies for the Plymouth Rock group of Companies.  The analysis and modeling will be tested via implementation both broadly and on a pilot basis to allow us to learn and refine our approaches in rapid succession.

 

Essential Functions and Responsibilities

Data Analysis:

The Data Scientist Intern will work with internal and external data to understand key drivers of expected insurance losses and lifetime customer value.  This will require that the Intern acquires an understanding of various internal and external data sources, is able to illicit hypothesis from internal personnel regarding key variables and test those hypotheses using available data.

 

Modeling:

The Data Scientist  Intern will help develop and enhance models used in a variety of contexts within the product management structure of Plymouth Rock.  The Data Scientist Intern will be responsible for advancing the modeling capabilities within Plymouth Rock and transferring those advancements to other product management personnel.

 

Implementation:

The Data Scientist Intern will work with the product community to facilitate the application of models developed considering the regulatory and competitive contexts within which we operate.  This will include ensuring that models are well understood, the implications are appropriately assessed, implementation plans are defined, validation of results are undertaken and adjustments are made rapidly.

 

Qualifications and Education

 

 

The successful candidate will have the following attributes:

 

  • Graduate Student in economics, statistics or a related field (background in Bayesian statistics preferred).
  • Practical experience in Econometrics and Statistics, such as GLM, GLMM, Bayesian inference, is desirable, preferably in a business context.
  • Knowledge on machine-learning algorithms such as decision-tree, text mining, Random Forest and Gradient Boosting Model (GBM), is a plus
  • Proficiency with modeling software such as SAS, R and Python, basic SAS programming experience is desirable.
  • Knowledge of, and experience with, the technical aspects of insurance is a plus.
  • Strong written and oral communication skills and an ability to communicate technical concepts to both technical and non-technical audiences.
  • High standards for the work products delivered.
  • Creative thinker with the ability to synthesize information from various sources and apply that information to concrete business problems.
  • Flexibility and resiliency characteristic of a professional.

About the Company

The Plymouth Rock Company and its affiliated group of companies write and manage over $1.4 billion in personal and commercial auto and homeowner’s insurance throughout the Northeast and mid-Atlantic, where we have built an unparalleled reputation for service. We continuously invest in technology, our employees thrive in our empowering environment, and our customers are among the most loyal in the industry. The Plymouth Rock group of companies employs more than 1,800 people and is headquartered in Boston, Massachusetts. Plymouth Rock Assurance Corporation holds an A.M. Best rating of “A-/Excellent”.

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