Product Analyst I

Role Description

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). As a Product Analyst, you are playing a vital role in making our insurance product successful. Combining your leadership and analytical skills, you will provide data-driven insight to influence strategies and execute initiatives.

With close supervision and guidance, the primary job function is to support Product Managers to:

• Analyze product performance
• Research and develop enhanced rating and product offerings
• Implement measures to achieve overall profitability and growth in assigned states and line of business

Responsibilities

• Analyzes assigned product performance and identifies issues and opportunities
• Researches new ideas to improve product offerings
• Tests new rating models to determine accuracy of prediction, loss ratio improvement and segmentation
• Analyzes and develops algorithms using SAS programming and MS Excel
• Prepares reports, graphs and charts based on research and analysis
• Participates in the formation of business plans and forecasts while identifying trends
• Work with multi-functional groups to communicate and implement product changes in assigned states and line of business
• Other functions may be assigned

Qualifications

• Preferred: Bachelor’s or Master's degree in Business or related field of study (e.g., Math, Economics, Finance, Statistics, Math/Actuarial Science)
• Minimum: Required 1+ years of product management, product development and/or analytical experience in insurance, financial services, consulting, or similar industry, or equivalent combination of education/experience
• Preferred: Experience in data manipulation using tools such as SQL, R, Python or equivalent
• 1+ years of property casualty insurance experience with product, pricing, underwriting and insurance regulation knowledge
• Exposure to leveraging AI in research and analytics
• Exposure to building reports and dashboards using Excel, PowerBI, etc.

Knowledge and Skills

• Excellent communication, analytical and problem solving skills required
• Proficient in Microsoft Office Suite and SQL required
• Proven history of taking initiative and driving projects to completion required

Benefits

• 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

Company Description

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.