Director, Product Research and Development – R&D

🕒 March 19

🇺🇸 United States – Remote

💵 $118.1k - $330.7k / year

⏰ Full Time

🔴 Lead

👔 Director

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

👻 Ghost score 45%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

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Mercury Insurance

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

Founded 1962

🚘 Automotive

💼 Consulting

📦 Logistics

Automotive • Consulting • Logistics

Mercury Insurance is a leading provider of insurance products, focusing on protecting individuals and their assets with a commitment to privacy and customer service. The company operates through independent agents and offers a range of insurance services including auto, home, and other personal insurance products. Mercury Insurance prioritizes the security of personal information and compliance with privacy laws, ensuring that customer data is handled with care and only shared when necessary for account servicing or as legally required.

📋 Description

• Define and drive strategic plans for assigned line of business product development and execution in partnership with senior management • Direct and oversee data research and statistical analyses to solve complex business problems • Lead end-to-end product research, including initiating research, planning and coordinating resources, conducting research, leading implementation, and overseeing monitoring of product performance • Prioritize and govern the product development portfolio to ensure focus on the highest-impact initiatives • Evaluate and approve research plans and results, ensuring rigor, clarity of insights, and actionability • Oversee identification and resolution of product issues and direct implementation of recommended solutions and product enhancements • Direct and synthesize analyses of competitor pricing, product features, and service levels, translating insights into product and pricing strategies • Establish and oversee product training strategies and ensure effective training delivery • Lead and manage the Product Research and Development area • Lead and develop team members; oversee talent development, performance management, compensation decisions, and staff planning • Build and advance R&D Managers and Analysts, ensuring succession and capability development • Lead decision-making for evaluating new ideas and pricing positions aligned with company financial and strategic goals • Align colleagues and divisions to implement and operationalize changes in pricing, product models, and product enhancements • Integrate with Underwriting, Sales, Claims, and other divisions to drive process improvement and product performance • Oversee research, development, and implementation of personal property insurance products, including Homeowners and Landlords

🎯 Requirements

• Bachelor’s Degree required with an emphasis in analytical concentration such as math, statistics, economics, finance, quantitative research, etc. • 8+ years experience in product development field OR equivalent combination of education and/or experience • 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