Note: The job is a remote job and is open to candidates in USA. Mercury Insurance is a recognized leader in the insurance industry, known for its achievements and culture. The Product Analyst I role involves supporting Product Managers to analyze product performance and develop enhanced product offerings to drive profitability in the insurance sector.
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
Skills
- 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
- 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
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
Company Overview
Mercury Insurance has offered quality insurance for personal auto insurance to homeowners insurance to mechanical breakdown protection. It was founded in 1962, and is headquartered in Los Angeles, California, USA, with a workforce of 5001-10000 employees. Its website is http://www.mercuryinsurance.com.