Lead Homeowners Insurance Pricing Scientist

Mercury Insurance Services•Brea, CA

11d•Remote

About The Position

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). The primary job function is to contribute to the product strategy and roadmap, and lead and contribute to the design, rating and development of new and enhanced products for targeted lines 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: $118,465 to $224,994 (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA) $107,695 to $204,540 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME) $96,926 to $184, 086 (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: Contributes to the overall product evolution strategy and roadmap; Leads and contributes to the design, rating and development of new and enhanced products for targeted lines of business; Reviews and understands results of analyses and make recommendations on changes in pricing and product models. Lead and contributes to the data process and modeling methodology evolution; Remains up to date with the development of P&C products and relevant data and modeling methodology in the field. Identifies business opportunities through data analysis and market research; Researches and evaluates new data sources for risk segmentation improvement. Partners with PDMs and cross functional teams including MTS, Underwriting, Sales Development, and other divisions to implement product enhancements; Supports company-wide initiatives on data and product delivery process. Provides data, statistical and analytical support to others. Mentors junior analysts and provides training throughout the organization as necessary. Communicates with business stakeholders on project scope and priority; Ensures workflow is properly distributed according to priority of product development projects.

Requirements

Minimum: Bachelor’s Degree required with emphasis in analytical concentration such as Actuarial Science, Data Science, Economics, Engineering, Finance, Math, Statistics.
Minimum: At least 3 years’ experience in the P&C Insurance industry and/or the product development field.
At least 12 years’ experience with data and analytics applications in Financial and other similar industries Or equivalent combination of education/experience
Strong analytical and quantitative skills required.
Advanced in Python, R or other language and statistical software
Track record of demonstrated creativity in pricing and/or product development.
Strong critical thinking and problem-solving skills.
Ability to review moderately complex issues and develop solutions.
Must have initiative and be a self-starter.
Must have strong interpersonal skills and be able to build commitment to decisions.
Strong written and verbal communication skills required.
Requires the ability to effectively present recommendations and solutions to all levels within the organization in a clear manner.
Demonstrate highly skilled leadership values

Nice To Haves

Preferred: Ph.D.'s or master’s degree preferred.

Responsibilities

Contributes to the overall product evolution strategy and roadmap
Leads and contributes to the design, rating and development of new and enhanced products for targeted lines of business
Reviews and understands results of analyses and make recommendations on changes in pricing and product models.
Lead and contributes to the data process and modeling methodology evolution
Remains up to date with the development of P&C products and relevant data and modeling methodology in the field.
Identifies business opportunities through data analysis and market research
Researches and evaluates new data sources for risk segmentation improvement.
Partners with PDMs and cross functional teams including MTS, Underwriting, Sales Development, and other divisions to implement product enhancements
Supports company-wide initiatives on data and product delivery process.
Provides data, statistical and analytical support to others.
Mentors junior analysts and provides training throughout the organization as necessary.
Communicates with business stakeholders on project scope and priority
Ensures workflow is properly distributed according to priority of product development projects.

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