Mercury Insurance

Product Analyst I

Mercury Insurance$63K — $117K *
US-AnywhereRemote in United States
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Business, Math, Economics, Finance, Statistics, or related field preferred
  • 1+ years of product management or analytical experience in insurance or related fields
  • Experience with data manipulation tools like SAS, SQL, R, or Python preferred
  • 1+ years of experience in property casualty insurance including product and pricing knowledge
  • Excellent communication and analytical skills required

Responsibilities

  • Analyze product performance, identifying issues and opportunities for improvement
  • Test new rating models to evaluate accuracy and loss mitigation
  • Develop algorithms using SAS programming and MS Excel; prepare detailed reports and visualizations
  • Participate in creating business plans and forecasts while spotting trends
  • Collaborate with cross-functional teams to implement product changes

Benefits

  • Flexible remote work options for most roles
  • Generous paid time off including vacation, sick days, and volunteer hours
  • Incentives such as holiday bonuses and performance-based bonuses
  • Comprehensive health insurance including medical, dental, and vision
  • 401(k) retirement plan with company match
  • Opportunities for professional and personal development
  • Employee recognition programs and an engaging work environment
  • Education assistance and resources for wellbeing
Full Job Description
Overview

Position Summary:

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, and implement measures to achieve overall profitability and growth in assigned states and line of business. 

 

Geo-Salary Information

An in-person interview may be required during the hiring process

 

State specific pay scales for this role are as follows:

$63,410 to $117,348 (NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$57,646 to $106,680 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$51,881 to $96,012 (UT, ID, MT, NM, SD, NE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV)

 

In CA: Typical hiring range is $81,341 to $112,974

 

The expected base salary for this position will vary depending on a number of factors, including relevant experience, skills and location.

Responsibilities

Essential Job Functions:

  • 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

Education:

Preferred 

  • Bachelor’s degree in Business or related field of study (e.g., Math, Economics, Finance, Statistics, Math/Actuarial Science)

Experience:

  • Completion of the Summer 2026 Internship at Mercury Insurance
  • 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 SAS, SQL, R, Python or equivalent
  • 1+ years of property casualty insurance experience with product, pricing, underwriting and insurance regulation knowledge.

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

 

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
Pay RangeUSD $63,410.00 - USD $117,348.00 /Yr.

About Mercury Insurance

Mercury Insurance Group is a multiple-line insurance organization offering personal automobile, homeowners, renters and business insurance. Founded in 1961 and headquartered in Los Angeles, Mercury has assets in excess of $4 billion, employs 4,500 people and has more than 8,000 independent agents in 11 states. Mercury has been named one of America's Most Trustworthy Companies by Forbes magazine, and has been recognized as one of the Best Places to Work in Los Angeles for eight years running. The company has also been named one of America's Best Midsize Employers by Forbes.
Learn more about Mercury Insurance
Size
4,300 employees
Market Cap
$1.8 billion
Industry
Net Income
$374.6 million
Founded
1962
5 Year Trend
+4.3%
Revenue
$3.7 billion
NASDAQ

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