Sr Analyst Product Management

Mercury Insurance; United States; Remote; USD 85,000 - 158,000; Full time

Job summary

An established industry player is seeking a Product Analyst to join their dynamic team. This role is crucial for driving profitable growth in commercial insurance by leveraging analytical skills and leadership abilities. You will be responsible for monitoring product performance, proposing improvements, and guiding less experienced analysts. The company values collaboration, diversity, and personal development, offering a supportive environment where your contributions will directly impact the success of their insurance products. If you are passionate about data-driven decision-making and want to make a difference, this opportunity is for you.

Benefits

Competitive compensation

Flexibility to work from anywhere

Paid time off

Incentive bonus programs

Medical, dental, vision insurance

401(k) retirement plan with company match

Education assistance

Professional development opportunities

Company recognition program

Health and wellbeing resources

Qualifications

• 5+ years of experience in product management or analytical roles in insurance.
• Proficiency in data manipulation and analysis tools such as SQL and Python.

Responsibilities

• Monitor and analyze product performance to identify issues and opportunities.
• Prepare reports and presentations based on research and analyses.

Skills

Analytical Skills

Communication Skills

Problem-Solving Skills

Leadership Skills

Education

Bachelor’s degree in Business or related field

Master’s degree in Business or related field

Actuarial exams (ACAS, FCAS, CERA)

Tools

SAS

SQL

R

Python

Microsoft Office Suite

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 (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.

Geo-Salary Information

State specific pay scales for this role are as follows:

$85,480 to $157,868 (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$77,709 to $143,516 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$69,938 to $129,165 (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.

Responsibilities

Essential Job Functions:

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. Other functions may be assigned.

Qualifications

Education:

1. Bachelor’s degree required in Business or related field of study (e.g., Math, Economics, Finance, Statistics, Math/Actuarial Sciences).
2. Master’s degree preferred in Business or related field of study (e.g., Math, Economics, Finance, Statistics, Math/Actuarial Science).
3. Actuarial exams and designations (ACAS, FCAS, CERA) or risk and insurance designations from The Institutes (AINS, AIC, ARM, CPCU, etc.) are preferred.

Experience:

1. 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.
2. Experience in data manipulation using tools such as SAS, SQL, R, Python or equivalent is preferred.
3. 5+ years of property casualty insurance experience with advanced product, pricing, underwriting and insurance regulation knowledge are preferred.

Knowledge and Skills:

1. Excellent written and verbal communication skills are required.
2. Excellent analytical, critical thinking, and problem-solving skills are required.
3. Proven history of taking initiative and driving projects to completion with minimal guidance are required.
4. Proficiency in Microsoft Office Suite and SQL are required.

About the Company

Why choose a career at Mercury?

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.

Learn more about us here: https://www.mercuryinsurance.com/about/careers

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 $85,479.00 - USD $157,868.00 /Yr.