Research and Development Analyst

Geico - Chevy Chase, MD

Full-time - Entry Level

Chevy Chase, MD

Insurance Carriers and Related Activities

About the position

This role will start full-time with GEICO on January 21, 2025. At GEICO, Research and Development (R&D) is fundamental to our business. Complex analysis underlies every major decision for our research and development and is an essential component of our unique strategic vision. Analytics have and continue to be GEICO's hallmark in the competitive auto insurance industry. Working out of our Chevy Chase, MD office as an R&D Analyst, your job duties will include creating and supporting multiple types of insurance products, assisting different business departments including Underwriting (UW), Claims, Marketing, and Advertising to achieve their business goals, interacting with commercial-grade databases in cloud or local environments, generating large-scale data, and translating it into business values. You will perform data exploration and R&D independently and collaboratively, work with cross-functional business and technical teams on business and analytical innovation, and contribute to project-related communication. You will be part of a team that is focused on innovation in the insurance industry: trying new modeling techniques, deriving new metrics, and tackling complex questions that the company has never tried to answer before.

Responsibilities

• Create and support multiple types of insurance products.
• Assist different business departments including Underwriting, Claims, Marketing, and Advertising to achieve their business goals.
• Interact with commercial-grade databases in cloud or local environments.
• Generate large-scale data and translate it into business values.
• Perform data exploration and R&D independently and collaboratively.
• Work with cross-functional business and technical teams on business and analytical innovation.
• Contribute to project-related communication.

Requirements

• Proficient in R (Python will be a plus).
• Knowledge of SAS and SQL.
• Familiarity with cloud database technologies.
• Proficient in Excel, including VLOOKUP, pivot tables, charts, and graphing.
• Ability to analyze data using statistical, mathematical, or data mining methods.
• Knowledge of insurance rating products and principles.
• Knowledge of Claims, Underwriting, Marketing, or Agent experience.
• Experience in process control and project management.

Nice-to-haves

• Master's degree or higher in Statistics, Mathematics, Data Science, Economics, Computer Science, Engineering, Operation Research, or related quantitative and analytics fields, obtained by January 2025 (for R&D Analyst II).
• PhD degree in Statistics, Mathematics, Data Science, Economics, Computer Science, Engineering, Operation Research, or related quantitative and analytics fields, obtained by January 2025 (for R&D Analyst III).
• Master's degree in Statistics, Mathematics, Data Science, Economics, Computer Science, Engineering, Operation Research, or related quantitative/analytics fields, obtained by January 2025, and a minimum of 2 years of analytical experience (for R&D Analyst III).

Benefits

• Premier Medical, Dental and Vision Insurance with no waiting period.
• Paid Vacation, Sick and Parental Leave.
• 401(k) Plan.
• Tuition Reimbursement.
• Paid Training and Licensures.