Data Scientist Job Toronto area,Ontario Canada,Insurance

Position: Data Scientist I

Description

The TD Insurance AI2 team has the mandate to provide business intelligence using advanced analytical techniques such as machine learning and artificial intelligence (AI) models. This group is responsible for doing in-depth analysis to better understand claim payments, client or advisor behaviors, product design and a lot more. This group is also responsible to develop, maintain and calibrate all models used within TD Insurance, including but not limited to loss cost models and customer behavior models.

Within this team, the Underwriting Analytics function is a multidisciplinary team that is dedicated to developing and maintaining underwriting models, rules and guidelines. The team is composed of Actuarial Analysts whose primary task is to gather and analyses data to develop schemes and predictive models that will refine TDI's risk appetite. Collaboration with Underwriting Specialists is also essential; their main role to determine underwriting rules that will respect the government's regulatory guidelines, while being clear and easy to apply for advisors.

Main tasks of the Data Scientist, Underwriting Analytics:

Using state-of-the-art predictive modelling techniques (GLM, GBM, …) to refine segmentation models and underwriting rules for the general insurance automobile and residential products for the TD Insurance Canadian market

Provide expertise on mathematical concepts for the broader analytics team and inspire the adoption of advanced analytics and machine learning across the organization.

Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques.

Pushing forward the knowledge of the client's expected risk and profitability to the business by leveraging insight and making data-driven decisions

Execution and presentation of numerous underwriting analyses aiming to support growth and profitability objectives of TD Insurance

Development and maintenance of tools to monitor the evolution of our portfolio

Collaboration with numerous departments within the organization (Underwriting, Underwriting Strategy, Pricing, Product, DAI, Risk Management, Client Service Center, etc.)

Job Requirement

Bachelor’s or master's degree in one of the following:
Statistics, Mathematics, Actuarial Science, Computer science, predictive models

3+ years work experience in an industry setting

Analytical mind and ability to make sound decisions

Good organizational and time management skills

Highly adaptable to changing situations

Programming skills (SAS, VBA, Python, R, etc.) and knowledge of Microsoft Office Suite

Deep understanding of a broad spectrum of modern machine learning techniques and their practical applications

Experience in the insurance industry would be an asset

Effective written and oral communication skills in English and French (an asset)

Who We Are:

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. Everyday, we strive to make every interaction, product and experience remarkably human and refreshingly simple for more than four million customers who count on us.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes.…


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