Modeling & Research VP - (US-CT-Hartford - 06199)

Compensation: $125K - $175K / Year
Minimum Education: Masters
Job Type: Full Time
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SUMMARY:

The 2VP, Research is responsible for leading a team of technical professionals engaged in research, data mining and predictive modeling efforts. Through the work of this team, our client is able to identify profitable and unprofitable segments of the business for pricing, underwriting and marketing action. This position is also responsible for directing and managing the research team as they conduct exploratory research in concepts relatively new to the insurance industry, including lifecycle underwriting and lifetime value of a customer household. In this capacity, the 2VP, Research supports the achievement of profit, expense and business objectives of the business line.

PRIMARY DUTIES:

- Provide technical leadership to the team. Translate high-level business needs into appropriate analysis to deliver actionable results on a tight time frame.

- Build and manage a strong analytics team. In this capacity, define positions, interview and select team members, establish performance metrics, challenge, mentor and coach staff.

- Identify potential research areas and evaluate their usefulness.

- Secure sponsorship/support for high potential pay-off projects.

- Write detailed research reports for senior management review/action.

- Manage multiple projects and all phases of a project

- Assist in implementation of results of analysis. Assistance to include working with internal support staff (e.g., technology staff, business centers, product management unit, finance, etc.) to ensure results are available to the end user.

- Manage vendors [contracts, projects and performance]

- Carry out administrative responsibilities including budgeting and expense management

EDUCATION/COURSE OF STUDY:

- Data Mining/predictive modeling experience

- Advanced degree (Ph. D. or MS) in Mathematics/Statistics/Engineering

WORK EXPERIENCE:

- Clearly demonstrates specific knowledge requirements related to research and analysis.

- Is action-oriented in approach to solving business problems.

- Demonstrate a high degree of trust through demonstrated personal integrity, ethics and a commitment to doing the right thing.

- Ability to proactively recognize opportunities to achieve the best results.

- Solid strength in research leadership skills. Ability to look at things in new and innovative ways to benefit the business and positively impact profitability and sales results.

- Ability to communicate, present ideas and give direction related to this function in a clear and effective manner.

- Able to create a positive working environment within unit. Seek out opportunities that further develop self and/or staff members with critical knowledge and skills. Set clear standards of performance, track, evaluate and effectively communicate feedback to others.

- Commitment to excellence in research.

- Ability to work independently.

- Tenacity - ability to persist in an environment resistant to change