About The Institutes A not-for-profit organization headquartered in beautiful Malvern, PA, The Institutes have been the leading provider of risk management and property-casualty insurance education for more than 100 years. By living our values-Put the Customer First, Do What You Say, Work Together, Be Innovative and Do the Right Thing- our talented team delivers innovative solutions that best empower risk and insurance professionals to help those in need. In 2024, The Institutes was named a Top Workplace by Philly.com for the ninth time. We understand the importance of work-life balance and provide excellent benefits and a friendly and team-focused work environment to drive employee engagement.
Sr. Statistical Research Analyst The Insurance Research Council (IRC) Senior Statistical Research Analyst is responsible for conducting primary research and creating content in support of the IRC's public policy mission and member value proposition. The role requires not only strong analytical skills, but also good communication skills (writing and presenting) to translate abstract mathematical and statistical concepts into everyday language.
What You'll Do:- Utilize advanced analytical techniques (including predictive modeling, machine learning, and AI) to conduct original research in the IRC proprietary auto injury claim analytics database (AICAD)
- Analyze insurance, economic, financial, and survey data to generate original research to benefit the insurance industry, IRC members, policymakers, and consumers
- Assist in the acquisition, preparation, analysis, and presentation of insurance, economic, financial, and survey data, including future updates of AICAD
- Perform analysis by processing data using best practices in data governance
- Communicate data excellence and insights via traditional reporting products and data visualization tools
- Contribute to the production of key IRC research projects, including reports, summaries, and presentations
- Perform additional data analytics and administrative tasks, as assigned
- Work well in an environment requiring teamwork, quick problem resolution, and shifting priorities
- Ability to effectively manage multiple tasks simultaneously
- Willingness to adjust work schedule to meet deadlines
- Representing and promoting IRC, both inside and outside The Institutes
- Participating on IRC and The Institutes teams, as requested
Required Competencies Technical Knowledge: Experience working in AWS cloud-based data hosting environment and analytical software packages like Sagemaker. Experience with programming languages (e.g., SAS, R, SQL/VBA, Python). Advanced Microsoft Excel skills.
Insurance industry knowledge: Competency in insurance, economic and financial data is a must
Research & Data Analysis: Quantitative research and analysis skills - tools, methodologies, database management; Strong attention to detail and accuracy.
Communication skills: Exceptional oral and written communication skills and ability to communicate throughout all levels of the organization, both internally and externally; Ability to present information and respond to questions professionally and effectively, conversationally and in written communications.
Collaboration: Experience working in a team-oriented, collaborative environment; Exceptional interpersonal skills, with a focus on rapport-building, listening, and questioning skills.
What We're Looking For:- Bachelor's degree required
- Graduate degree in Mathematics, Statistics, or related field and/or member of the Casualty Actuarial Society strongly preferred
- Experience with programming languages required (SAS, R, SQL/VBA, Python)
- Experience with AWS cloud-based data hosting environment and analytical software packages like Sagemaker strongly preferred
- 5-7 years of work experience in actuarial analytics for the insurance industry strongly preferred
- Must have 5-7 years of experience conducting actuarial research and writing articles or reports
- Proficiency in Microsoft Office Suite required (Word, PowerPoint, Outlook). Advanced Microsoft Excel skills required
- Prior experience and/or working knowledge of the risk management or insurance industry required
The Best Part? The Benefits! To enforce the importance of work-life balance, employees enjoy excellent benefits, including:
- 401(k) plan with company contribution up to 16%
- Generous time off package that includes paid vacation, personal, sick, and holidays
- Paid maternity and parental leave
- Tuition reimbursement
- Medical, dental, vision, and prescription coverage
