Mercury Insurance

Product Manager II State (CMP/BOP)

Mercury Insurance$118K — $230K *
US-AnywhereRemote in United States
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Statistics, Economics, Mathematics, or related field required.
  • 5+ years of experience in property and casualty insurance industry products; 3+ years with a Master's Degree.
  • Supervisory experience is mandatory.
  • At least 2 years as a Product Manager 1 or equivalent position.
  • Preferred: 5+ years of experience with Commercial Multi-Peril.

Responsibilities

  • Lead cross-functional teams for assigned states/products, collaborating with Claims, Underwriting, Sales/Marketing, Customer Service, IT, and external agents.
  • Develop and implement strategic action plans for product lines in assigned states.
  • Contribute significantly to the strategic direction of product lines.
  • Set pricing strategies to boost profitable growth in the marketplace.
  • Ensure quality and accuracy throughout project phases, from analysis to implementation.
  • Align product development with national models while accommodating state-specific regulations.
  • Oversee product success in specific states/products, including Auto and Property.
  • Recruit and mentor Product Analysts and Assistant Product Managers.

Benefits

  • Flexibility to work from anywhere in the United States for most positions.
  • Paid time off including vacation, sick leave, and company holidays.
  • Incentive bonus programs for performance, referrals, and holidays.
  • Comprehensive insurance options including medical, dental, and vision.
  • 401 (k) retirement plan with company matching contributions.
  • Education assistance and professional development opportunities.
  • Access to health and wellbeing resources including mental health support.
Full Job Description
Overview

 

Position Summary:

The primary job function is to manage product premium volume growth and profitability results within assigned states.

 

Geo-Salary Information

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

 

State specific pay scales for this role are as follows:

$118,664 to $230,619 (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)

 

In CA: Typical hiring range is $157,177 to $218,302

 

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:

  • Product Owner for cross-functional team for assigned states/products, working with relevant departments such as Claims, Underwriting, Sales/Marketing, Customer Service, IT and outside contacts, including agents, regulators and industry groups.
  • Independently develops and executes action plans and strategic direction for assigned states and product lines.
  • Key contributor to strategic direction for product lines.
  • Sets pricing and enhance the offerings to position the product towards profitable growth in the marketplace.
  • Ensures quality and accuracy of work; from Identification, Analysis, CBA, Implementation, Post Monitoring, and Cross Functional coordination/communication.
  • Maintains alignment with national model (allowing for regulatory and market condition deviations) and implementation to ensure successful development of the entire product line(s).
  • Accountable for product success in one or more assigned states/products. Product lines to include, but not limited to, Auto and Property.
  • Recruits, manages, and develops Product Analysts and Assistant Product Managers.
  • Other functions may be assigned.

 

Qualifications

Education:

Minimum:

  • Bachelors Degree required in Statistics, Economics, Mathematics, or related field.

Preferred:

  • Master's degree desired in Statistics, Economics, Mathematics, or related field.

Experience:

Minimum:

  • 5+ years of experience working with property and casualty insurance industry products or 3+ years with a Master's Degree
  • Supervisory experience required
  • At least 2 years of experience as a Product Manager 1 or equivalent position.
  • Or equivalent combination of education and/or experience.

Preferred:

  • 5 or more years of experience with Commercial Multi-Peril

Knowledge and Skills:

  • Proven ability to constructively tackle new or complex problems and make data-driven decisions, often with limited or incomplete information.
  • In-depth technical knowledge of industry products and services, philosophy and best practices and the ability to apply such knowledge in a strategic capacity
  • Excellent written and verbal communication skills to correspond with management, internal and external customers
  • Advanced problem-solving, quantitative, and analytical skills
  • Relentlessly curious

 

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 $118,664.00 - USD $230,619.00 /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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