Comment

Comment by Marybeth Haas on January 29, 2009 at 9:07am

As per Ajay's suggestion, I'm alerting the group to some new predictive modeling positions that my client has open. The client is on the East Coast and is a very secure and stable (no bad loans here!) personal and commercial lines insurer. The client has spent the last year or so concentrating on building the quantitative skill level of their team in Research and Development, and have buy in from the C-level to continue to do so.

Director of Online Marketing Analytics - This position will work on the front end strategy and back end campaign measurement of the direct to consumer channel. 3 years web analytics and predictive modeling experience.

VP of Research and Modeling - They prefer a quantitative PhD with insurance experience. This is the real heart of the business - the R&D group for personal lines. Manage a team of up to 7 in exploratory research.

Please get in touch with me for more details.

Thanks
Marybeth
marybeth@haasandriley.com
312-265-6280

Comment by Edith Ohri on September 18, 2008 at 6:09pm

Regarding "Where were their quants"
As a data mining person, I maintain that statistics and applied math are no good for analytics:
(a) they "look backward", thus if a fraud or an error has been paying off, such bad practices would be endorsed and recommended for next action!
(b) The quants models rely on prior assumptions, therefore are subjective and prone to human mistakes and manipulation. As such, they are useless for the purpose of early detection and for that matter - for detection of any new phenomena.
(c) The current models belong to the times before IT. They don't address complexity, and become so complicated that no body can run them effectively (not mentioning controlling them).

As I see it, we venture into the IT era, equipped with management tools that belong to a century ago. In these circumstances, in my opinion, the only rational thing to do seems to be, limiting the level of complexity of financial tools that should be permitted.

- Edith

http://users.actcom.co.il/~edit/#GT

Comment by Deepak Bansal on August 13, 2008 at 2:14am

Hi this is Deepak Bansal, BSc (H.) Stats, MA Bus. Eco. and completing MBA in Fin. from IBS Hyderabad (finishing in Feb 09). Looking for career opportunities in Investment research, financial analytics and data modeling etc.