Principal Data Scientist

Posted Yesterday
Be an Early Applicant
2 Locations
In-Office or Remote
121K-225K Annually
Senior level
Healthtech • Insurance
The Role
The Principal Data Scientist leads advanced mathematical and statistical modeling to solve business problems, focusing on healthcare trends forecasting and effective stakeholder communication.
Summary Generated by Built In

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.

Join HCSC and be part of a purpose-driven company that will invest in your professional development.

Job Summary

The Principal Data Scientist is responsible for providing advanced mathematical and statistical methods to solve business problems, providing leadership and strategic direction. This position is focused on building advanced time-series models that forecast trends in medical spend, using techniques like hierarchical Bayesian models and temporal fusion transformers. Responsibilities also include ensuring the scientific rigor and reproducibility of model evaluation, optimizing models for accuracy and interpretability, and communicating core findings to stakeholders from technical ICs to managers to top leadership.

Required Job Qualifications:
* Bachelor’s degree and 7 years of work experience in a mathematical, statistical, computer science, engineering, physics, economics or related quantitative field; OR Actuarial credential or Master’s degree and 6 years of work experience in a in a mathematical, statistical, computer science, engineering, physics, economics or related quantitative field; OR Ph.D. and 4 years of work experience in a mathematical, statistical, computer science, engineering, physics, economics or related quantitative field; OR 11 years of work experience in an advanced mathematical, statistical, computer science, engineering, physics, economics or related quantitative field. Leadership and/or management experience.
* Expertise with time series modeling and forecasting methodologies

* Strong learning and growth mindset
* Customer focus
* Strong interpersonal, verbal and written communication skills.
* Proficiency in at least five of the following six areas, and demonstrated mastery in at least three: 1) data analysis and relational-style query languages; 2) machine learning and/or statistical modeling; 3) data visualization; 4) a high-level programming language; 5) distributed computing; 6) understanding of healthcare.
* A track record of independently delivering or leading the delivery of multiple complex analytics or data science projects.
* A track record of mentoring, managing, or leading junior analytics or data science staff and providing thought leadership.
Preferred Job Qualifications:
* Master's or Ph.D. in a quantitative field, or bachelor's degree with significant healthcare experience.

Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!

Pay Transparency Statement:

At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees.  Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards.

The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.

HCSC Employment Statement:

We are an Equal Opportunity Employment employer dedicated to providing a welcoming environment where the unique differences of our employees are respected and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics.

Base Pay Range$121,200.00 - $225,200.00

Exact compensation may vary based on skills, experience, and location.

Skills Required

  • Bachelor's degree and 7 years of work experience or Master's degree and 6 years of work experience or Ph.D. and 4 years of work experience or 11 years of work experience
  • Expertise with time series modeling and forecasting methodologies
  • Strong interpersonal, verbal and written communication skills
  • Proficiency in at least five of the following six areas: data analysis, machine learning, data visualization, high-level programming language, distributed computing, understanding of healthcare
  • Track record of delivering leading complex analytics projects
  • Track record of mentoring or leading junior analytics staff

Health Care Service Corporation Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Health Care Service Corporation and has not been reviewed or approved by Health Care Service Corporation.

  • Retirement Support A pension plan alongside a matching 401(k) is offered, an uncommon combination in the private sector. This combination is described as a standout element that helps retain employees.
  • Healthcare Strength Healthcare options are broad, with multiple medical, dental, and vision choices, wellness incentives, and access to resources like on-site fitness centers and an EAP. These offerings add meaningful value beyond base pay.
  • Parental & Family Support Paid parental leave (up to six weeks at full pay after one year), adoption assistance, and mothers’ rooms are available. These supports reinforce family needs alongside work commitments.

Health Care Service Corporation Insights

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The Company
HQ: Chicago, IL
13,563 Employees

What We Do

Imagine Something New, Something Different. Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), is the largest customer-owned health insurer in the nation and the fourth largest overall. Operating through our Blue Cross and Blue Shield Plans in Illinois, Montana, New Mexico, Oklahoma and Texas (as well as a variety of affiliates and subsidiaries,) we are expanding access to high-quality, cost-effective health care. We are equipping members with information and tools so they can make the best health care decisions for themselves and their families. HCSC is continuously recognized as an employer committed to community, diversity and inclusion, training and development. HCSC is committed to pioneering the health care space in ways as effective as they are creative. If you are passionate about the impact you want to have through your work, with a desire to apply innovative thinking to new and emerging challenges, we encourage you to learn more about HCSC. Learn about what we stand for, how we work and the difference we’re making in the lives of our 15 million members. Join HCSC and discover what new ways of thinking can mean for you, your community, our customers and our organization. Divisions of Health Care Service Corporation, a Mutual Legal Reserve Company, an Independent Licensee of the Blue Cross and Blue Shield Association.

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