Decision Scientists use advanced analytics to influence business strategies and operations. They focus on statistical analysis, operations research, econometrics, and machine learning to create models that guide decision-making. Their role involves close collaboration with various business units, requiring a blend of technical expertise and business acumen. Decision Scientists are key in transforming data into actionable insights for business growth and efficiency.
What are the responsibilities & duties of a Decision Scientist?
- Develop and analyze models to quantify credit loss.
- Create predictive models for various business scenarios including financial, operational, and customer engagement.
- Apply traditional statistical techniques and mathematical concepts to business problems.
- Build large, efficient datasets for Decision Science applications, optimizing for speed and automation.
- Perform data mining and trend analysis to develop segmentation strategies.
- Partner with marketing and other teams to support data-driven decision making.
- Produce data visualizations to communicate findings to internal stakeholders.
- Research and develop decision science models, providing consultancy to business units.
- Manage complex data processing and system validation tasks.
- Build and maintain advanced decision science algorithms and tools.
- Act as a peer leader and guide junior colleagues in technical methodologies.
- Contribute to analytics innovation and integration within the organization.
What are the required skills & experiences of a Decision Scientist?
- 2+ years of experience in a quantitative field such as Data Science or Decision Science.
- Bachelor's degree in a relevant technical field or equivalent practical experience.
- Proficiency in statistical modeling and data analysis (e.g., regression, time series).
- Experience using Python or R for statistical modeling.
- Strong SQL skills for data querying and manipulation.
- Excellent analytical, problem-solving, and communication skills.
- Ability to work independently and collaborate with cross-functional teams.
- Knowledge in various analytical fields such as Bayesian statistics, optimization, econometrics, and machine learning.
- Familiarity with software development and cloud computing tools.
- Strong business acumen and ability to translate data insights into actionable business strategies.