Porch Group is a leading vertical software and insurance platform and is positioned to be the best partner to help homebuyers move, maintain, and fully protect their homes. We offer differentiated products and services, with homeowners insurance at the center of this relationship. We differentiate and look to win in the massive and growing homeowners insurance opportunity by 1) providing the best services for homebuyers, 2) led by advantaged underwriting in insurance, 3) to protect the whole home.
As a leader in the home services software-as-a-service (“SaaS”) space, we’ve built deep relationships with approximately 30 thousand companies that are key to the home-buying transaction, such as home inspectors, mortgage companies, and title companies.
In 2020, Porch Group rang the Nasdaq bell and began trading under the ticker symbol PRCH. We are looking to build a truly great company and are JUST GETTING STARTED.
Job Title: Data Scientist - Pricing
Location: United States
Workplace Type: Remote
Job Summary
HOA is a Managing General Agent (MGA) and insurance carrier hybrid with high margins and a capital efficient reinsurance strategy which limits retained risk. HOA operates in 15 states, including Texas, Arizona, North Carolina, South Carolina, Virginia, and Georgia. The company was founded in 2006 in Texas, a $10 billion homeowners insurance market, and was the 12th largest home insurer in Texas in 2019. HOA is licensed to operate in 31 states, positioning it for nationwide expansion as part of Porch.
HOA, a business unit of Porch Group is seeking a talented Data Scientist specializing in rating algorithms for property insurance. The ideal candidate will play a crucial role in developing and refining our pricing models to accurately assess risk, optimize pricing strategies, and ensure a competitive advantage in the market. This position is part of our innovative Data Science team, which collaborates closely with our actuaries, product management, and other key business units. As a Data Scientist, you will leverage advanced statistical and machine learning techniques to drive data-driven decisions, contributing to our mission of providing superior insurance solutions. Your work will directly impact our ability to deliver competitive and fair pricing to our customers, ensuring regulatory compliance and supporting our growth in the insurance industry.
What You Will Do As A Data Scientist
- Develop and enhance predictive models and algorithms for property insurance pricing using advanced statistical and machine learning techniques.
- Analyze large datasets to identify trends, patterns, and correlations that influence insurance risk and pricing.
- Collaborate with actuaries, product management, and business stakeholders to understand business requirements and translate them into actionable analytical solutions.
- Provide rate filing support by preparing and validating data for regulatory submissions, ensuring compliance with state insurance regulations.
- Implement and maintain data pipelines and infrastructure necessary for model development and deployment.
- Conduct rigorous testing and validation of models to ensure accuracy, reliability, and regulatory compliance.
- Monitor model performance over time, identify areas for improvement, and propose enhancements as needed.
- Stay current with industry trends and advancements in data science, machine learning, and insurance analytics.
What You Will Bring As A Data Scientist
- Proven experience (3+ years) in developing and deploying pricing models within the insurance industry, preferably homeowners’ insurance.
- Advanced Degree or equivalent experience in a related field required: Computational Science, Actuarial Science, Math/Applied Math, Statistics/Applied Statistics, or another similar quantitative discipline.
- Experience with analytics and programming with R and/or Python (3+ years preferred).
- Strong understanding of insurance principles, risk assessment, and actuarial concepts.
- Experience with large-scale data analysis, data manipulation, and working with structured and unstructured data.
- Excellent communication skills with the ability to explain complex analytical concepts and results to non-technical stakeholders.
- Nice to have skills: Experience with additional programming languages (e.g. SQL) familiarity with insurance-specific tools and systems, and a deeper understanding of state regulatory environments
The application window for this position is anticipated to close in 2 weeks (10 business days) from 7/3/24. Please know this may change based on business and interviewing needs.
At this time, Porch Group does not consider applicants from the following states for remote positions: Alaska, Arkansas, Delaware, Hawaii, Iowa, Maine, Mississippi, Montana, New Hampshire, and West Virginia.
What You Will Get As A Porch Group Team Member
Pay Range*: $134,300 - $196,900 annually
*Please know your actual pay at Porch will reflect a number of factors among which are your work experience and skillsets, job-related knowledge, alignment with market and our Porch employees, as well as your geographic location.
Additionally, you will be eligible to receive long-term incentive awards, subject to program guidelines and approvals.
Our benefits package will provide you with comprehensive coverage for your health, life, and financial wellbeing.
- Our traditional healthcare benefits include three (3) Medical plan options, two (2) Dental plan options, and a Vision plan from which to choose.
- Critical Illness, Hospital Indemnity and Accident plans are offered on a voluntary basis.
- We offer pre-tax savings options including a partially employer funded Health Savings Account and employee Flexible Savings Accounts including healthcare, dependent care, and transportation savings options.
- We provide company paid Basic Life and AD&D, Short and Long-Term Disability benefits. We also offer Voluntary Life and AD&D plans.
- Both traditional and Roth 401(k) plans are available with a discretionary employer match.
- Headspace is part of our employer paid wellbeing program and provides employees and their families access to on demand guided meditation and mindfulness exercises, mental health coaching, clinical care and online access to confidential resources including will preparation.
- Brio Health is another employer paid wellbeing tool that offers quarterly wellness challenges and prizes.
- LifeBalance is a free resource to employees and their families for year-round discounts on things like gym memberships, travel, appliances, movies, pet insurance and more.
- Our wellness programs include flexible paid vacation, company-paid holidays of typically nine per year, paid sick time, paid parental leave, identity theft program, travel assistance, and fitness and other discounts programs.
#LI-NH1
What’s next?
Submit your application and our Porch Group Talent Acquisition team will be reviewing your application shortly! If your resume gets us intrigued, we will look to connect with you for a chat to learn more about your background, and then possibly invite you to have virtual interviews. What's important to call out is that we want to make sure not only that you're the right person for us, but also that we're the right next step for you, so come prepared with all the questions you have!
Porch is committed to building an inclusive culture of belonging that not only embraces the diversity of our people but also reflects the diversity of the communities in which we work and the customers we serve. We know that the happiest and highest performing teams include people with diverse perspectives that encourage new ways of solving problems, so we strive to attract and develop talent from all backgrounds and create workplaces where everyone feels seen, heard and empowered to bring their full, authentic selves to work.
Porch is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances.
Porch Group is an E-Verify employer. E-Verify is a web-based system that allows an employer to determine an employee's eligibility to work in the US using information reported on an employee's Form I-9. The E-Verify system confirms eligibility with both the Social Security Administration (SSA) and Department of Homeland Security (DHS). For more information, please go to the USCIS E-Verify website.
What We Do
Floify is an enterprise-grade mortgage automation and point-of-sale system that streamlines the lending process by providing a secure communication and document management portal. Mortgage professionals use Floify to collect and verify borrower documentation, track loan progress, communicate with borrowers, and close loans faster.
Floify was acquired by Porch Group in October 2021, https://www.builtinseattle.com/company/porch.
Why Work With Us
"Floify provides a rarity in the tech industry: a true family-like environment where everyone from ownership down is laser-focused on a common goal: building a profitable company by serving the needs of our customers, rewarding hard work and success, & building a product that is literally transformative for people & businesses" -Marketing Mgr
Gallery
_0.png)
_0.png)
