Catastrophe Pricing Scientist

Mercury Insurance Services, LLC

27d

About The Position

The Catastrophe Pricing Scientist will drive advanced risk pricing analysis using both industry-standard platforms—including Verisk (AIR), RMS (Moody’s), and others—along with proprietary methodologies. This role emphasizes expertise in catastrophe loss modules and pricing analytics.
The role will develop, validate, and apply catastrophe modeling frameworks to support pricing strategies for risks such as wildfires, urban conflagrations, fire-following earthquakes, severe convective storms, and hurricanes. The Catastrophe Pricing Scientist will collaborate closely with internal stakeholders to translate hazard, exposure, and vulnerability insights into actionable loss estimates and risk-based pricing structures.

Requirements

• Hands-on experience with catastrophe modeling platforms such as Verisk (AIR), RMS (Moody’s), or similar.
• Strong ability to analyze complex data sets and interpret model outputs for catastrophe risk pricing.
• Proficiency in calculating key risk metrics such as Average Annual Loss (AAL), Exceedance Probability (EP), Value at Risk (VaR), and Tail Value at Risk (TVaR).
• Experience in financial modeling and actuarial principles.
• Strong communication skills, including the ability to present technical concepts to non-technical audiences.
• Evidence of and commitment to staying current with evolving modeling techniques and industry best practices.
• Self-motivated with excellent critical thinking, problem-solving, and project management skills.

Nice To Haves

• Experience in programming languages and analytical tools such as Python, SQL, NumPy, Pandas, SciPy, Dask, or PySpark.
• Experience with probabilistic methods, geospatial analysis, and/or machine learning applications.
• Advanced quantitative skills in insurance pricing and risk analysis.
• Experience in catastrophe risk management including rating, underwriting, and reinsurance strategy.
• Knowledge of climate change impacts on insurance-related risks and familiarity with emerging modeling practices.

Responsibilities

• Apply industry-leading catastrophe models and proprietary techniques to assess risks including wildfires, urban conflagrations, fire-following earthquakes, severe convective storms, and hurricanes.
• Collaborate with Actuarial, Research & Development, State Product Management, and Underwriting teams to integrate catastrophe model outputs into pricing workflows.
• Refine model assumptions by adjusting vulnerability curves, applying loss scaling factors, and incorporating proprietary insights and market expertise.
• Enhance catastrophe modeling frameworks to improve the accuracy and reliability of loss estimates used for pricing.
• Partner with cross-functional teams to implement insurance products that align with Mercury’s standards of excellence.
• Provide insights in statistical modeling, including performing data audits, statistical evaluations, and advanced analyses to solve complex insurance challenges.
• Recommend enhancements to existing products and support pricing and modeling updates based on research findings.
• Contribute to the design and development of new insurance products, collaborating with IT, Underwriting, Marketing, and other departments to ensure successful implementation.
• Manage the prioritization and distribution of individual tasks for product development.
• Participate in real-time risk analytics and detailed loss estimation initiatives.
• Deliver training sessions on new products and updates for internal teams as needed.
• Create reports, presentations, and data visualizations to clearly communicate findings to both technical and non-technical audiences.
• Define and manage individual projects in partnership with the Lead.
• Independently prioritize and execute tasks to meet Mercury’s standards of excellence in catastrophe pricing.
• Perform additional responsibilities as assigned.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level