Lead R&D Pricing Manager (Homeowners Product)

Mercury Insurance is a recognized leader in the insurance industry, recently awarded as one of America's Best Midsize Employers for 2026. They are seeking a Lead R&D Pricing Manager to contribute to product strategy, lead the design and development of new products, and analyze market opportunities for growth. The role involves collaboration with cross-functional teams and mentoring junior analysts to enhance the product delivery process.

Responsibilities:

• Contributes to the overall product evolution strategy and roadmap; Leads and contributes to the design, rating and development of new and enhanced products for targeted lines of business; Reviews and understands results of analyses and make recommendations on changes in pricing and product models
• Lead and contributes to the data process and modeling methodology evolution; Remains up to date with the development of P&C products and relevant data and modeling methodology in the field
• Identifies business opportunities through data analysis and market research; Researches and evaluates new data sources for risk segmentation improvement
• Partners with PDMs and cross functional teams including MTS, Underwriting, Sales Development, and other divisions to implement product enhancements; Supports company-wide initiatives on data and product delivery process
• Provides data, statistical and analytical support to others
• Mentors junior analysts and provides training throughout the organization as necessary
• Communicates with business stakeholders on project scope and priority; Ensures workflow is properly distributed according to priority of product development projects

Requirements:

• Bachelor's Degree required with emphasis in analytical concentration such as Actuarial Science, Data Science, Economics, Engineering, Finance, Math, Statistics
• At least 3 years' experience in the P&C Insurance industry and/or the product development field
• At least 12 years' experience with data and analytics applications in Financial and other similar industries OR equivalent combination of education/experience
• Strong analytical and quantitative skills required
• Advanced in Python, R or other language and statistical software
• Track record of demonstrated creativity in pricing and/or product development
• Strong critical thinking and problem-solving skills
• Ability to review moderately complex issues and develop solutions
• Must have initiative and be a self-starter
• Must have strong interpersonal skills and be able to build commitment to decisions
• Strong written and verbal communication skills required
• Requires the ability to effectively present recommendations and solutions to all levels within the organization in a clear manner
• Demonstrate highly skilled leadership values
• Ph.D.'s or master's degree preferred
• 3 or more years of person lines products and pricing experience such as Experience with building loss cost models
• Experience with homeowners products
• Exposure to leveraging AI in research and code generation