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Director, Product Research and Development – R&D
Location
United States
Posted
94 days ago
Salary
$107.3K - $300.6K / year
Seniority
Lead
Job Description
Director, Product Research and Development – R&D
Mercury Insurance
• 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.
Job 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
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