Mercury Insurance is committed to helping people reduce risk and navigate unexpected events. They are seeking a Product Manager II to manage commercial product premium volume growth and profitability results within assigned states, collaborating with cross-functional teams to enhance product offerings and ensure successful product development.
Responsibilities:
- The primary job function is to manage commercial auto product premium volume growth and profitability results within assigned states
- Product Owner for cross-functional team for assigned commercial states/products, working with relevant departments such as Claims, Underwriting, Sales/Marketing, Customer Service, IT and outside contacts, including agents, regulators and industry groups
- Independently develops and executes action plans and strategic direction for assigned states and product lines
- Key contributor to strategic direction for product lines
- Sets pricing and enhance the offerings to position the product towards profitable growth in the marketplace
- Ensures quality and accuracy of work; from Identification, Analysis, CBA, Implementation, Post Monitoring, and Cross Functional coordination/communication
- Maintains alignment with national model (allowing for regulatory and market condition deviations) and implementation to ensure successful development of the entire product line(s)
- Accountable for product success in one or more assigned states/products. Product lines to include to include Commercial Auto
- Recruits, manages, and develops Product Analysts and Assistant Product Managers
- Other functions may be assigned
Requirements:
- Bachelor's Degree required in Statistics, Economics, Mathematics, or related field
- 5+ years of experience working with property and casualty insurance commercial industry products or 3+ years with a Master's Degree
- Supervisory experience required
- At least 2 years of experience as a Product Manager 1 or equivalent position
- Proven ability to constructively tackle new or complex problems and make data-driven decisions, often with limited or incomplete information
- In-depth technical knowledge of industry products and services, philosophy and best practices and the ability to apply such knowledge in a strategic capacity
- Excellent written and verbal communication skills to correspond with management, internal and external customers
- Advanced problem-solving, quantitative, and analytical skills
- Relentlessly curious
- Master's degree desired in Statistics, Economics, Mathematics, or related field