Lead R&D Pricing Manager (Homeowners Product)

Product Management Team Member

At Mercury, members of our Product Management Team are responsible for driving profitable growth in their assigned states and line of business (Personal Lines Auto, Property or Commercial insurance). The primary job function is to contribute to the product strategy and roadmap, and lead and contribute to the design, rating and development of new and enhanced products for targeted lines of business.

An in-person interview may be required during the hiring process. State specific pay scales for this role are as follows:

$118,614 to $230,619 (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$107,876 to $209,653(NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$97,089 to $188,688 (UT, ID, MT, NM, SD, NE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV)

The expected base salary for this position will vary depending on a number of factors, including relevant experience, skills and location. In CA: Typical hiring range is $157,177 to $218,302

Responsibilities

Essential Job Functions:

• Contributes to the overall product evolution strategy and roadmap; Leads and contributes to the design, rating and development of new and enhanced products for targeted lines of business; Reviews and understands results of analyses and make recommendations on changes in pricing and product models.
• Lead and contributes to the data process and modeling methodology evolution; Remains up to date with the development of P&C products and relevant data and modeling methodology in the field.
• Identifies business opportunities through data analysis and market research; Researches and evaluates new data sources for risk segmentation improvement.
• Partners with PDMs and cross functional teams including MTS, Underwriting, Sales Development, and other divisions to implement product enhancements; Supports company-wide initiatives on data and product delivery process.
• Provides data, statistical and analytical support to others.
• Mentors junior analysts and provides training throughout the organization as necessary.
• Communicates with business stakeholders on project scope and priority; Ensures workflow is properly distributed according to priority of product development projects.

Qualifications

Education:

Minimum:

• Bachelor's Degree required with emphasis in analytical concentration such as Actuarial Science, Data Science, Economics, Engineering, Finance, Math, Statistics.

Preferred:

• Ph.D.'s or master's degree preferred.

Experience:

Minimum:

• At least 3 years' experience in the P&C Insurance industry and/or the product development field.
• At least 12 years' experience with data and analytics applications in Financial and other similar industries OR equivalent combination of education/experience '

Preferred:

• 3 or more years of person lines products and pricing experience such as:
• Experience with building loss cost models
• Experience with homeowners products
• Exposure to leveraging AI in research and code generation

Knowledge and Skills:

• Strong analytical and quantitative skills required.
• Advanced in Python, R or other language and statistical software
• Track record of demonstrated creativity in pricing and/or product development.
• Strong critical thinking and problem-solving skills.
• Ability to review moderately complex issues and develop solutions.
• Must have initiative and be a self-starter.
• Must have strong interpersonal skills and be able to build commitment to decisions.
• Strong written and verbal communication skills required.
• Requires the ability to effectively present recommendations and solutions to all levels within the organization in a clear manner.
• Demonstrate highly skilled leadership values

About the Company

At Mercury, we have been guided by our purpose to help people reduce risk and overcome unexpected events for more than 60 years. We are one team with a common goal to help others. Everyone needs insurance and we can't imagine a world without it.

Our team will encourage you to grow, make time to have fun, and work together to make great things happen. We embrace the strengths and values of each team member. We believe in having diverse perspectives where everyone is included, to serve customers from all walks of life.

We care about our people, and we mean it. We reward our talented professionals with a competitive salary, bonus potential, and a variety of benefits to help our team members reach their health, retirement, and professional goals.

Perks and Benefits

We offer many great benefits, including:

• Competitive compensation
• Flexibility to work from anywhere in the United States for most positions
• Paid time off (vacation time, sick time, 9 paid Company holidays, volunteer hours)
• Incentive bonus programs (potential for holiday bonus, referral bonus, and performance-based bonus)
• Medical, dental, vision, life, and pet insurance
• 401 (k) retirement savings plan with company match
• Engaging work environment
• Promotional opportunities
• Education assistance
• Professional and personal development opportunities
• Company recognition program
• Health and wellbeing resources, including free mental wellbeing therapy/coaching sessions, child and eldercare resources, and more

Mercury Insurance is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by federal, state, or local law.

Pay Range

USD $118,465.00 - USD $224,994.00 /Yr.