Role & responsibilities

- Design, develop, and deploy cutting-edge fraud detection models (supervised, unsupervised, and hybrid approaches) to mitigate risks across claims, underwriting, and policy applications.

- Lead large-scale data analysis initiatives to uncover complex fraud patterns, organized fraud rings, and emerging fraudulent practices.

- Partner with business stakeholders (fraud investigators, claims managers, underwriters, compliance teams) to define strategic fraud detection requirements.

- Build scalable fraud scoring engines and integration pipelines for real-time detection across digital channels.

- Explore and integrate advanced AI/ML methods such as graph analytics, NLP (text mining), and network analysis for sophisticated fraud schemes.

- Mentor and guide junior data scientists/analysts in model development best practices, feature engineering, and performance tuning.

- Ensure all models and analytical solutions comply with regulatory, ethical, and governance frameworks specific to the insurance industry.

- Continuously evaluate fraud performance metrics and recommend proactive enhancements to fraud prevention systems.

- Collaborate with engineering teams to operationalize and scale models in production environments.





- Present technical findings and business impact narratives to senior management and executives.

Preferred candidate profile

- BTech/Masters or PhD in Data Science, Computer Science, Statistics, Applied Mathematics, or related quantitative discipline.

- 612 years of progressive data science experience, with at least 5 years in fraud detection, risk modelling, or fraud analytics in insurance/financial services.

- Robust knowledge of insurance operations and fraud schemes (claims fraud, application fraud, premium leakage).

- Proven expertise with statistical models, ensemble learning, anomaly detection, graph databases/analytics, and NLP.

- Proficiency in Python, R, and SQL, with experience using big data and distributed platforms (Spark, Hadoop, Databricks).

- Experience deploying models into production environments with cloud ML platforms (AWS Sagemaker, Azure ML, GCP Vertex AI).

- Strong communication skills, with ability to influence strategy decisions at both technical and executive levels.

- Track record of delivering measurable business value through fraud loss reduction.

📌 Data Scientist (Bengaluru)
🏢 Illumifin
📍 Bengaluru