Director, Product Research and Development – R&D

🕒 March 19

🇺🇸 United States – Remote

💵 $107.3k - $300.6k / year

⏰ Full Time

🔴 Lead

👔 Director

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

Apply Now

Find Similar Remote Jobs

Receive Emails For Remote Jobs

📊 Check your resume score for this job

Improve your chances of getting an interview by checking your resume score before you apply.

Upload Resume

Mercury Insurance

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

Founded 1962

💸 Finance

👥 B2C

Insurance • Finance • B2C

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

• 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.

🎯 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