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Berkley Interview Questions

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Let’s say that your company is running a standard control and variant AB test on a feature to increase conversion rates on the landing page. The PM checks the results and finds a .04 p-value.

How would you assess the validity of the result?

Experiment Validity

You are testing hundreds of hypotheses with many t-tests. What considerations should be made?

What is a key disadvantage of the F-test when compared to multiple t-tests?

What is a key disadvantage of the F-test when compared to multiple t-tests?

Hundreds of Hypotheses

You are testing hundreds of hypotheses with many t-tests. What considerations should be made?

What’s the difference between Lasso and Ridge Regression?

Under what circumstances is it recommended to use Lasso regression over Ridge regression?

Under what circumstances is it recommended to use Lasso regression over Ridge regression?

Lasso vs Ridge

Berkley Salaries by Position

Company Details

Company URL: https://www.berkleytechnologyservices.com/

Berkley Technology Services (BTS) is the dynamic technology solution for W. R. Berkley Corporation, a Fortune 500 Commercial Lines Insurance Company. With key locations in Urbandale, IA and Wilmington, DE, BTS provides innovative and customer-focused IT solutions to the majority of WRBC’s 60+ operating units across the globe. BTS’s wide reach ensures that ideas and opinions are considered at every level of the organization to guarantee we find the best solutions possible.

Driven by a commitment to collaboration, BTS acts as consultants to our customers and Operating Units by providing comprehensive solutions that not only address the challenge at hand, but proactively plan for the “ What’s Next ” in our industry and beyond.

With a culture centered on innovation and entrepreneurial spirit, BTS stands as a community of technology leaders with eyes toward the future -- leaders who truly care about growing not only their team members, but themselves, and take pride in their employees who shine. BTS offers endless ways to get involved and have the chance to grow your career into a wide range of roles you'd never known existed. Come join us as we push forward into the future of industry leading technological solutions.

Berkley Technology Services: Right Team, Right Technology, Simple and Secure.

Responsibilities
As a  Group Product Manager , you will lead a small team of Product Managers and Analysts while also doing your own product work. Your chief responsibility is to coach your team and to help them to realize their potential as Product Managers. Specifically, you will coach them on how to own the vision, strategy, design, and execution of their product, and how to build consensus across their stakeholders and teammates.

Beyond that, we’re looking for someone with a high degree of ownership. And the way we tend to define ownership is in terms of your willingness to look critically at yourself and make changes. Problems are inevitable, and you are going to fail a lot. We are looking for people who will take responsibility for failures, learn from them, and reinvest that learning in their work.

Creating Context . You will dedicate a large portion of your energy to making sure your team members have clarity about their objectives and where they should focus their time.

Delivering Results .  You will curate the best ideas, hypothesize their value, and implement the most promising of them. You will constantly re-assess what we have built to make sure we are realizing actual value.

Focusing on the Data . You will establish OKRs that define our goals and quantify our results. You will regularly review your indicators for actionable insights and you will host OKR Reviews to create cross-functional alignment.

Understanding Our Customers . You will keep yourself and our team highly exposed to customer feedback. You will use this exposure to anticipate customer needs and constantly improve their experiences.

Saying No . You will help us choose the right problem to solve next. You will consistently weigh short- and long-term trade-offs while keeping a healthy bias toward the long term.

Challenging Status Quo . For various processes, you will understand what we do and why we do it. Then you will work across Business, Operations, Design, Data, and Engineering teams to reimagine how.

Qualifications

Experience driving product vision, go-to-market strategy, and design discussions

Experience with product discovery techniques, such as A/B testing and canary releases

Experiences setting objectives and key results

Experience serving as the product owner for an agile team

Demonstrated ability to empower teams with context

Proven record building strong stakeholder relationships

Knowledge of data structures, algorithms, and computing fundamentals (preferred)

Behavioral Core Competencies

Empathy

Operational Effectiveness

Prioritization of Work

Relationship Building

Strategic

Transformational Leadership

The Company is an equal employment opportunity employer.

Company Details

Berkley Oil & Gas, (a W.R. Berkley Company) is an insurance underwriting manager providing unique property and casualty products and risk services to customers engaged in the energy sector.  Our customers recognize the importance of the expertise we provide and appreciate the opportunity to work with professionals who understand their business.  We are in turn committed to delivering innovative products and exceptional service to them, our valued agents and brokers, Berkley Oil & Gas is dedicated in its efforts to be well-informed of the changing dynamics of the industry; support industry efforts to minimize and mitigate risks and hazards in the ‘oil patch’, and to constantly seek ways to improve our products and services to meet customer needs.

Company URL: https://berkleyoil-gas.com/

The company is an equal opportunity employer.

Responsibilities

As a Data Scientist, you will focus on leveraging the company’s substantial data assets to deliver actionable and meaningful business insights using analytics, predictive models, machine learning, and artificial intelligence. You will have the opportunity to work hands-on with real live data, as well as learn and develop project management skills. The ideal candidate will possess a technology background with intermediate level expertise in data analysis and building (and deploying) predictive models. They will have the chance to develop their current skillset and grow within the company while completing work that will have millions of dollars’ worth of impact on the business. We are looking for a highly motivated individual who is curious and excited about the world of data science, desires a challenging work environment, and can help us deliver next-generation solutions.

The Data Scientist will work on improving and supporting our application infrastructure, writing code, analyzing data, creating models, creating ad hoc apps/reports/dashboards, working with both internal and external customers, learning and participating in project management and execution, and leading small individual and team projects. The analytics team is passionate about continuous learning and turning that knowledge into cutting-edge analytical solutions. We strive to deliver innovative analytical solutions that generate tangible business results.

Develop, test, deploy, and help monitor analytics products, technology developments, and predictive models including data engineering, data analysis, and AI/ML/NLP.

Service the analytical needs of internal and external customers by providing high-value analysis, reports, dashboards, and/or electronic files as needed.

Participate in leading high-value data science projects and learn and assist with defining project deliverables, estimating timelines, estimating expected business value, assigning project tasks, and ensuring efficient execution and proper documentation from ideation through business integration.

Help implement automated solutions to monitor and maintain the performance of the team’s analytical products.

Develop models and identify when model retraining or new solutions are needed.

Design and execute well-documented experiments to identify novel uses of internal and external data to deliver business value.

Keep up to date with AI and ML best practices as relates to the company’s initiatives and share key insights with the team.

Help design, evangelize, and continuously improve group best practices.

Conduct formal peer reviews of data science projects from other team members.

Work on cross-functional teams within the company and across the larger corporation to develop and implement novel analytics and data science solutions.

Create and deliver presentations to internal and external customers as needed.

Qualifications

Requires 1-5 years of business experience as a data scientist or in a related field.

Possesses an intense curiosity and determination to explore and solve complex business problems utilizing data, technology, and analytical techniques.

Code in Java, SQL, and Python (about 20-30%).

Ability to multitask, problem solve, and manage assigned work under very tight deadlines.

Intermediate understanding of a variety of statistical and machine learning algorithms.

Intermediate understanding of natural language processing.

History of following data visualization and coding best practices.

Eager to learn project management practices and approaches, including waterfall and Agile methodologies, as well as develop an understanding of how to break projects down into deliverables, set timelines, and provide accurate status reports to management.

Experience working with large databases for analytical purposes, including transactional systems and data warehouse systems.

Intermediate level understanding of SQL Databases and the SQL Programming Language – SQL Server / Oracle and including programming in T-SQL, PL/SQL or the like.

Intermediate level programming experience with Python and/or other DS software/platforms.

Knowledge of information technology practices relating to data, data warehousing, ETL processes and data mining.

Experience with code management (version control) techniques utilizing tools such as Microsoft Team Foundation Server, GitHub, etc.

Excellent listening and interpersonal skills.

Experience working in a team-oriented, collaborative environment.

Ability to translate very complex subject matter into understandable written and oral communications.

Eduation Requirement

Bachelor’s or Advanced degree in data science, computer science, mathematics, statistics, engineering, physics or other sciences (or college degree with significant technical experience in a corporate setting).

Education should include significant work in advanced mathematics, statistics, and/or data science. Undergraduate or graduate work in computer science is a plus.

Insurance knowledge and experience is a plus but is not required.

Additional Company Details  We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.

<h5>Company Details</h5> As an elite Excess and Surplus Lines market, Nautilus Insurance Group offers commercial property and casualty insurance solutions to appointed wholesale surplus lines producers countrywide. We have specialized in providing these solutions for more than 35 years. We have more flexible policy terms and premium rates on a non-admitted basis. Our focus is small to medium Property and Casualty risks on both an admitted and a non-admitted basis. Our offerings are distributed through partnerships with appointed wholesale surplus lines producers. Our relationships are defined by mutual success, speed to market, customer-centric focus and an expanded appetite. Coverage placed by Nautilus Insurance Group is provided by Nautilus Insurance Company and Great Divide Insurance Company, both W. R. Berkley Corporation members with A.M. Best (Superior) A+ XV ratings. <h5>Responsibilities</h5> Looking for a motivated individual with a strong work ethic that can thrive in a team environment as well as independently. In addition to robust analytical skills, this candidate must have effective presentation and communication skills, both written and verbal. The individual in this position shall identify, obtain, and use data to construct decision support tools & reports for all areas of the Company through analysis, thorough understanding of data, and application of technical expertise, to ensure needs are addressed and problems are resolved consistent with overall Company goals. This is a temporary summer intern position based in the Scottsdale, AZ office. <ul> <li>Create, validate, and design data-based decision tools. </li> <li>Create new reports and update existing reports providing insights to business partners</li> <li>Collects, reviews, and analyzes information relative to current operations to support management requests. </li> <li>Creates tools and reports to solve problems through the most efficient and effective use of time, software & equipment</li> <li>Collaborate with team members on department and company-wide projects</li> <li>Excellent critical thinking and problem-solving skills are essential.</li> <li>Ability to apply sound judgment and strong decision-making skills.</li> </ul> <h5>Qualifications</h5> <ul> <li>Strong Excel and SQL scripting skills </li> <li>Strong problem solving, analytical and critical thinking skills</li> <li>Effective communication and presentation skills, both oral and written</li> <li>Experience in data visualization platforms (Power BI, Tableau, etc.) and/or Python experience a plus but not required</li> <li>Excellent organization skills, able to handle multiple tasks at once</li> <li>Willingness to tackle challenges with a positive attitude</li> <li>Coursework in Business Data Analytics, Business Database Systems Development, Business Data Warehouses and Dimensional Modeling or similar subjects highly preferred.</li> </ul> <h5>Additional Company Details </h5>The Company is an equal employment opportunity employer. We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. <h5>Sponsorship Details </h5>Sponsorship not Offered for this Role

Company Details

As an elite Excess and Surplus Lines market, Nautilus Insurance Group offers commercial property and casualty insurance solutions to appointed wholesale surplus lines producers countrywide.  We have specialized in providing these solutions for more than 35 years.

We have more flexible policy terms and premium rates on a non-admitted basis. Our focus is small to medium Property and Casualty risks on both an admitted and a non-admitted basis.

Our offerings are distributed through partnerships with appointed wholesale surplus lines producers. Our relationships are defined by mutual success, speed to market, customer-centric focus and an expanded appetite.

Coverage placed by Nautilus Insurance Group is provided by Nautilus Insurance Company and Great Divide Insurance Company, both W. R. Berkley Corporation members with A.M. Best (Superior) A+ XV ratings.

Responsibilities
Looking for a motivated individual with a strong work ethic that can thrive in a team environment as well as independently. In addition to robust analytical skills, this candidate must have effective presentation and communication skills, both written and verbal.  The individual in this position shall identify, obtain, and use data to construct decision support tools & reports for all areas of the Company through analysis, thorough understanding of data, and application of technical expertise, to ensure needs are addressed and problems are resolved consistent with overall Company goals.

This is a temporary summer intern position based in the Scottsdale, AZ office.

Create, validate, and design data-based decision tools.

Create new reports and update existing reports providing insights to business partners

Collects, reviews, and analyzes information relative to current operations to support management requests.

Creates tools and reports to solve problems through the most efficient and effective use of time, software & equipment

Collaborate with team members on department and company-wide projects

Excellent critical thinking and problem-solving skills are essential.

Ability to apply sound judgment and strong decision-making skills.

Qualifications

Strong Excel and SQL scripting skills

Strong problem solving, analytical and critical thinking skills

Effective communication and presentation skills, both oral and written

Experience in data visualization platforms (Power BI, Tableau, etc.) and/or Python experience a plus but not required

Excellent organization skills, able to handle multiple tasks at once

Willingness to tackle challenges with a positive attitude

Coursework in Business Data Analytics, Business Database Systems Development, Business Data Warehouses and Dimensional Modeling or similar subjects highly preferred.

Additional Company Details  The Company is an equal employment opportunity employer. We do not accept any unsolicited resumes from external recruiting agencies or firms. The company offers a competitive compensation plan and robust benefits package for full time regular employees. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment.
Sponsorship Details  Sponsorship not Offered for this Role

Company Details

"Our Company provides a state of predictability which allows brokers and agents to act with confidence." Founded in 1967, W. R. Berkley Corporation has grown from a small investment management firm into one of the largest commercial lines property and casualty insurers in the United States.Along the way, we’ve been listed on the New York Stock Exchange, become a Fortune 500 Company, joined the S&P 500, and seen our gross written premiums exceed $10 billion.Today the Berkley brand comprises more than 50 businesses worldwide and is divided into two segments: Insurance and Reinsurance and Monoline Excess. Led by our Executive Chairman, founder and largest shareholder, William. R. Berkley and our President and Chief Executive Officer, W. Robert Berkley, Jr., W.R. Berkley Corporation is well-positioned to respond to opportunities for future growth.

The Company is an equal employment opportunity employer.

Responsibilities
This position will be providing support for multiple operating units within WR Berkley Corp on the Oracle Essbase/OAS Reporting, Vena planning applications and various data warehouse initiatives. The position involves the ability to gather business requirements; development of custom reports, databases, scripts, queries and ETL processes; communication and interaction with both internal and external resources.

• Design and implementation of ETL process, data structure and analytical/operational reporting environments. • Will design significant new system functionality with a consideration of performance, stability, and supportability• Ability to modify existing functionality or provide minor improvements with limited direction.• Demonstrates solid development processes including code review, documentation, and unit testing.• Will be required to communicate and coordinate with multiple Operating Units, along with Corporate Finance, Actuarial and Information Technology teams.• Assists in the development, maintenance, and oversight of various databases, software packages, and other tools.• Provides support for financial analyses through data set up, interrogation, and observations.

Qualifications
• 3+ years of SQL experience (Microsoft SQL Server is preferred).• 1+ year of experience working with or understanding formal ETL tools • Strong analytical, critical thinking and problem-solving skills.• Strong project management, organization and planning skills.• Oracle Essbase, Excel VBA and AI knowledge and experience beneficial.• Multi line property and casualty insurance experience also beneficial.• Demonstrated experience in effective collaboration and providing a high degree of customer satisfaction.• Ability to effectively work in an environment with competing demands resources, time, and priorities.• Ability to work independently

Education Requirement

• Bachelor’s degree or equivalent; preferably in actuarial science, math or computer science

Company Details: <img src="https://berkley.icims.com/icims2/servlet/icims2?module=AppInert&action=download&id=893&hashed=78684577" alt="Berkley_Net_Logo" /> BerkleyNet is an innovative workers compensation insurance provider that does all our business online. Our Goal? To make doing business Ridiculously Fast. Amazingly Easy. Responsibilities: As a Quantitative Analyst Intern, you will assist in solving real business problems with data. With the combination of savvy business insight and extensive data analysis, well look to you to draw insights, identify trends, and visualize data to make a powerful impact on the company. This dynamic role presents the opportunity to bring your analytical skills to all areas of the organization. The people on the Data Analytics team set each other up for success. We take ownership of our work, seek out challenging and engaging projects, share knowledge, have strong work ethics, and never stop learning. This position encompasses a broad range of responsibilities including:<ul><li>Creating operating efficiencies: Seek out opportunities within the business to improve processes</li><li>Visualizing data: Illustrate events and trends using graphs and other visualizations</li><li>Quantitative analysis: Bring structure to challenging datasets to provide clear conclusions</li><li>Automation through code: Program away tedious, repetitive tasks to make the most of the day</li><li>Working with other teams: Meet with other departments to engage in cross-departmental projects</li><li>Presenting findings to company leadership: Assist in communicating the conclusions of analysis to guide strategic decisions</li></ul> Qualifications: <ul><li>Familiarity with R, Python or SQL</li><li>Ability to convert data to actionable insights</li></ul> Education <ul><li>Progress towards or achievement of a bachelors degree in Business Analytics, Mathematics, Statistics, Computer Science, Finance, or related degree </li></ul> Additional Company Details: www. berkleynet.com The Company is an equal employment opportunity employer We do not accept any unsolicited resumes from external recruiting agencies or firms. Additional Requirements: Travel Requirements Domestic U.S. travel required (up to 5% of time)

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