What are the responsibilities and job description for the Sr. Product Manager State position at Mercury Insurance Company?
Overview
The primary job function is to manage product premium volume growth and profitability results within assigned states by preparing forecasts and analyses. The Sr. Product Manager will be a leader within the Product Management group and assists in formulating a coherent strategy for profitable growth.
An in-person interview may be required during the hiring process.
Geo-Salary Information
State specific pay scales for this role are as follows:
$126,294 to $246,043 (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA)
$114,813 to $223,675 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)
$103,332 to $201,308 (UT, ID, MT, NM, SD, NE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV)
The expected base salary for this position will vary depending on a number of factors, including relevant experience, skills and location.
Responsibilities
- Manages relationship of every aspect of assigned product through interaction with relevant departments such as Claims, Underwriting, Sales/Marketing, Customer Service, and outside contracts (agents, regulators and industry groups).
- Develops action plans and strategic direction for functional areas and maintains alignment to ensure successful development of the entire product line.
- Accountable for product success with one or more assigned states depending on market/regulation characteristics and population size.
- Product lines to include, but not limited to, Auto and Property.
- Recruits, manages and develops various levels of Product Managers and Analysts.
- Leadership on countrywide projects across the Product Management team and other functional groups.
- Serves as the Product representative on cross functional initiatives.
- Develops talent within the Product Management department.
- Other functions may be assigned
Qualifications
Education:
Bachelor’s Degree required in Statistics, Economics, Mathematics, or related field.
Master's degree desired in Statistics, Economics, Mathematics, or related field.
Experience:
- 7 years of experience working with property and casualty insurance industry products or 5 years with a Master's Degree
- Supervisory experience required
- Or equivalent combination of education and/or experience.
- At least 2 years of experience as a Product Manager or equivalent position
- Superior problem-solving, quantitative and analytical skills and proven ability to make data-driven decisions.
- Possesses demonstrated technical knowledge and skills regarding product and industry, reflective of successful
- progression through various job family levels within the Property & Casualty Insurance industry.
- In-depth technical knowledge of auto 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.
- Requires the regular exercise of independent judgment to make moderately complex decisions beyond the scope of the established Company guidelines and parameters
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.
Learn more about us here: https://www.mercuryinsurance.com/about/careers
Perks and Benefits
We offer many great benefits, including:
- 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
Mercury 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.
Pay Range
USD $103,332.00 - USD $246,043.00 /Yr.
Salary : $103,332 - $246,043