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. 

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

State specific pay scales for this role are as follows:

$83,670 to $161,815 (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$76,064 to $147,104(NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$68,457 to $132,394 (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.

Essential Job Functions:

• Leads the effort of monitoring, auditing, and analyzing product performance to identify complex issues, recognize opportunities, make recommendations and implement measures to achieve overall profitability and growth in assigned states and line of business. Assumes project ownership and works independently to complete projects from beginning to end.  

• Researches and proposes new ways to improve product offerings.  Leads project work and performs ad hoc analyses. Multi-tasks and manages timelines effectively.  Works with various functional groups and provides support as needed.  Assumes leadership role on projects and coaches, mentors and develops less experienced Product Analysts as needed.

• Meets with management and colleagues to discuss analysis needs.  Develops a project plan to incorporate business objectives, data scope, research methodology, resources and timeframe.  Analyzes and tests new rating models against existing ones to determine performance of accuracy of prediction, loss ratio improvement and segmentation.  Reviews data from various sources for analysis.  Verifies accuracy of data pulled and revises methods of data retrieval when necessary.

• Prepares comprehensive reports, graphs and charts based on research and analyses.  Develops and enhances algorithms.  Recommends process improvements and/or goal changes.  Develops and modifies presentations to show findings of analyses and recommend further action.

• Reviews and discusses analyses with colleagues and managers, providing coaching and feedback to less experienced Product Analysts when possible.  Reviews and prepares forecasts and recognizes trends.  May attend management meetings to present or discuss findings and recommendations.  Supports projects by applying advanced knowledge of the business area processes, including best practices.  Develops and enhances spreadsheets and tools for management use.  Serves as a contact for reporting needs/issues regarding the most complex data.  Participates in the formation of business plans and forecasts and provides answers to questions about business data to appropriate business units.

• Other functions may be assigned

Education:

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

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

• Actuarial exams and designations (ACAS, FCAS, CERA) or risk and insurance designations from The Institutes (AINS, AIC, ARM, CPCU, etc.) are preferred

Experience:

• 5+ years of product management, product development and/or analytical experience in insurance, financial services, consulting, or similar industry,  or equivalent combination of education/experience are required

• Experience in data manipulation using tools such as SAS, SQL, R, Python or equivalent is preferred

• 5+ years of property casualty insurance experience with advanced product, pricing, underwriting and insurance regulation knowledge are preferred

Knowledge and Skills:

• Excellent written and verbal communication skills are required

• Excellent analytical, critical thinking, and problem-solving skills are required

• Proven history of taking initiative and driving projects to completion with minimal guidance are required

• Proficiency in Microsoft Office Suite and SQL are required

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