Star Union Dai-ichi Life Insurance Company Limited
Website:
sudlife.in
Job details:
About The Organization
Star Union Dai-ichi Life Insurance (SUD Life) is a joint venture formed in 2007 between two major Indian PSU banks - Bank of India and Union Bank of India - and Japan's Dai-ichi Life Holdings.
We have served over 15 million customers through more than 19,500 bank branches across India. Our network includes 1,950 rural bank branches, ensuring insurance reaches remote areas.
SUD Life focuses on creating insurance products that meet different customer needs across all segments of society. With our promoters' 100+ years of commitment and combined strengths, we aim to become a leading name in India's life insurance sector while delivering value to all stakeholders.
Established in 1902, Dai-ichi Life is the second largest life insurance company of Japan and is one of the top ten life insurers globally, renowned for sound product knowledge, superior asset management skills, and strong operational capabilities to manage life insurance businesses.
At SUD Life, our customers are our priority. We are committed to providing insurance products that serve our customers’ unique needs across various strata of society and geographies.
The promoters of SUD Life have a long-term commitment towards their customers and stakeholder. These strengths and values have been inherited by SUD Life, as we make our way to becoming the next rising star in the Indian life insurance business, promising exceptional value to all.
Our Talent Philosophy
At Star Union Dai-ichi Life Insurance, we will ensure to nurture our people and provide opportunities to learn, succeed and build careers to the best of their abilities, thus creating and unlocking value for self, the organization, and the society at large.
About The Role
Role: Data Scientist - Data & AI
Location: Navi Mumbai (Head Office)
Department: IT - Strategy, Data & AI
Key Responsibilities
Leadership & Strategy
- Lead, mentor, and manage a team of AI/ML engineers and data scientists, fostering a high-performance culture
- Develop and implement AI/ML strategies aligned with business goals
AI/ML & Generative AI Solutions
- Design, develop, and deploy AI/ML models for underwriting, claims processing, fraud detection, customer service, and personalized marketing
- Explore and implement Generative AI techniques for product development, risk assessment, and customer engagement
Data & Governance
- Oversee data collection, preprocessing, and analysis to ensure quality and integrity
- Ensure compliance with industry regulations and ethical standards
Collaboration & Adoption
- Work closely with cross-functional teams (Product, Actuarial, IT) for seamless integration and adoption
- Drive transition of successful POCs into production
- Implement change management strategies to ensure stakeholder buy-in
Innovation & Research
- Lead innovative analytics solutions and Proof-of-Concept (POC) initiatives
- Stay updated on emerging AI/ML and Generative AI technologies
- Conduct feasibility studies to evaluate business impact
Performance Monitoring
- Establish monitoring frameworks and KPIs to measure model performance and business impact
Qualifications
- Education: Master’s degree in Computer Science, Data Science, Machine Learning, or related field
- Experience: Minimum 4 years in AI/ML, including at least 2 years in a leadership role
- Technical Skills: Proficiency in Python, R, or Java; experience with TensorFlow, PyTorch, scikit-learn
- Cloud Technologies: Azure (preferred), AWS, or GCP
- Domain Expertise: Strong understanding of the insurance domain
- Project Management: Experience managing end-to-end AI/ML projects
- Communication: Ability to explain technical concepts to non-technical stakeholders
- Innovation Mindset: Proven track record in driving AI/ML and Generative AI initiatives
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