Product Analyst I
About The Position
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. With close supervision and guidance, the primary job function is to support Product Managers to analyze product performance, research and develop enhanced rating and product offerings, and implement measures to achieve overall profitability and growth in assigned states and line of business.
Requirements
- Minimum 1+ years of product management, product development and/or analytical experience in insurance, financial services, consulting, or similar industry, or equivalent combination of education/experience
- Excellent communication, analytical and problem solving skills required
- Proficient in Microsoft Office Suite and SQL required
- Proven history of taking initiative and driving projects to completion required
Nice To Haves
- Bachelor’s or Master's degree in Business or related field of study (e.g., Math, Economics, Finance, Statistics, Math/Actuarial Science)
- Experience in data manipulation using tools such as SQL, R, Python or equivalent
- 1+ years of property casualty insurance experience with product, pricing, underwriting and insurance regulation knowledge.
- Exposure to leveraging AI in research and analytics
- Exposure to building reports and dashboards using excel, PowerBI, etc.
Responsibilities
- Analyzes assigned product performance and identifies issues and opportunities; Researches new ideas to improve product offerings
- Tests new rating models to determine accuracy of prediction, loss ratio improvement and segmentation
- Analyzes and develops algorithms using SAS programming and MS Excel; Prepares reports, graphs and charts based on research and analysis
- Participates in the formation of business plans and forecasts while identifying trends
- Work with multi-functional groups to communicate and implement product changes in assigned states and line of business
- Other functions may be 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
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
