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Mercury Insurance

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Director, Product Research and Development – R&D

DirectorDirectorFull TimeRemoteLeadTeam 5,001-10,000Since 1962H1B SponsorCompany SiteLinkedIn

Location

United States

Posted

1 day ago

Salary

$107.3K - $300.6K / year

Seniority

Lead

Bachelor Degree8 yrs expExperience acceptedEnglish

Job Description

• Defines and drives strategic plans for assigned line of business product development and execution in partnership with senior management. • Directs and oversees data research and statistical analyses to solve complex business problems. • Leads end-to-end product research, including initiating research, planning and coordinating resources, conducting research, leading implementation, and overseeing monitoring of product performance with specific focus on assigned line of business. • Prioritizes and governs the product development portfolio to ensure focus on the highest-impact initiatives. • Evaluates and approves research plans and results, ensuring rigor, clarity of insights, and actionability. • Oversees identification and resolution of product issues and directs implementation of recommended solutions and product enhancements. • Directs and synthesizes analyses of competitor pricing, product features, and service levels, and translates insights into product and pricing strategies. • Establishes and oversees product training strategies and ensures effective training delivery across the organization as needed. • Owns leadership and management of the Product Research and Development area for assigned line of business. • Leads and develops team members; establishes training opportunities; and oversees talent development, performance management, compensation decisions, and staff planning. • Builds and advances R&D Managers and Analysts at various levels, ensuring strong succession and capability development. • Leads and owns the decision-making process for evaluating new ideas and pricing positions related to assigned line of business area, ensuring alignment with company financial and strategic goals. • Leads and aligns colleagues and other divisions to implement and operationalize changes in pricing, product models, and product enhancements. • Establishes and ensures full integration with Underwriting, Sales, Claims, and other divisions to drive process improvement and product performance.

Job Requirements

  • Minimum: 8+ years experience in product development field
  • Or equivalent combination of education and/or experience
  • Preferred: 15+ years experience in P&C Insurance industry preferred.
  • 10+ plus years leadership experience in R&D
  • Highly motivated and driven individual with excellent critical thinking and problem-solving skills
  • Up-to-date knowledge of insurance market and emerging change trends
  • Advanced analytical and quantitative skills required.
  • Strong track record of demonstrated creativity in pricing and product development.
  • Ability to review highly complex issues that may have a significant financial impact on the Company and develop strategic solutions.
  • Must have initiative and be a self-starter.
  • Must have excellent interpersonal skills and be able to build commitment to decisions.
  • Must have excellent team building and staff development skills.
  • Broad knowledge and experience with statistical and machine learning models.

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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