Product Analyst I

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.

Geo-Salary Information

• NJ, NY, WA, HI, AK, MD, CT, RI, MA: $63,410 to $117,348
• NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME: $57,646 to $106,680
• UT, ID, MT, NM, SD, NE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV: $51,881 to $96,012
• CA: Typical hiring range is $81,341 to $112,974

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;
• Analyses 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;
• Works with multi-functional groups to communicate and implement product changes in assigned states and line of business;

Qualifications

• Minimum: Required 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;
• Preferred: Bachelor’s or Master's degree in Business or related field of study (e.g., Math, Economics, Finance, Statistics, Math/Actuarial Science);
• Experience: 1+ years of property casualty insurance experience with product, pricing, underwriting and insurance regulation knowledge;
• Knowledge and Skills: 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;

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.

Perks And Benefits

• Competitive compensation;
• 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;

Equal Opportunity Employer

Mercer 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.