Mercury Insurance Logo

Mercury Insurance

Director, Product Research and Development (R&D)

Reposted 15 Days Ago
Be an Early Applicant
Remote
Hiring Remotely in US
118K-331K Annually
Senior level
Remote
Hiring Remotely in US
118K-331K Annually
Senior level
Leads product strategy, research, development, pricing, and implementation for homeowners and landlord insurance products. Oversees research plans, statistical analysis, competitor and market insights, product governance, portfolio prioritization, training, and performance monitoring. Manages and develops R&D teams while coordinating with actuarial, underwriting, sales, claims, and other stakeholders to implement product enhancements, improve processes, and support profitable growth.
The summary above was generated by AI
Overview

Join an amazing team that is consistently recognized for our achievements and culture, including our most recent Forbes award of being one of America's Best Midsize Employers for 2026!


Position Summary:

The Director of R&D is a senior leadership role responsible for defining and driving the product strategy and overseeing the research, development and implementation of insurance products for the assigned line of business to achieve the profitable growth that supports the company vision. The Director will lead and manage a team of research and development professionals. The Director will lead and evolve a cross-functional process with Actuaries, State Product Management, Sales, Underwriting, and other stakeholders to continuously enhance the product and pricing.


This position will be responsible for personal property products (Homeowners and Landlords). 


Geo-Salary Information

An in-person interview may be required during the hiring process


State specific pay scales for this role are as follows:

$118,078.00 to $330,661.00 (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$118,078.00 to $330,661.00 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$118,078.00 to $330,661.00 (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.


In CA: Typical hiring range is $201,933 to $280,462

Responsibilities

Essential Job Functions:

  • Product Strategy, Research, and Execution
    • 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.
  • Lead Review, Governance, and Market Insight
    • 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.
  • Leadership and Management
    • 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.
  • Cross-Functional Ownership and Integration
    • 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.


Qualifications

Education:

Minimum:   

  • Bachelor’s Degree required with an emphasis in analytical concentration such as math, statistics, economics, finance, quantitative research, etc.

Preferred:   

  • Master’s Degree

Experience:

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
  • 10+ plus years experience in research, analytics, planning, etc.
  • 10+ years leading and managing a team 
  • 5+ years of homeowners personal lines product experience

Knowledge and Skills:

Minimum: 

  • 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


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

#LI-ZK1

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 RangeUSD $118,078.00 - USD $330,661.00 /Yr.

Mercury Insurance Austin, Texas, USA Office

13620 N. FM 620, Bldg. A Suite 100, Austin, TX, United States, 78717

Similar Jobs

18 Minutes Ago
Easy Apply
Remote
United States
Easy Apply
173K-255K Annually
Senior level
173K-255K Annually
Senior level
Big Data • Fintech • Mobile • Payments • Financial Services
Partner with product and engineering teams to embed security throughout the product lifecycle. Conduct threat modeling, architecture reviews, source-code security analysis, vulnerability identification, and secure test development. Advise on authentication, compliance, and business security requirements; automate security processes; identify emerging vulnerabilities; and coordinate cross-team projects through completion.
Top Skills: AWSAzureCi/CdJavaKotlinOauth2OwaspPciPythonSAMLSans
18 Minutes Ago
Easy Apply
Remote
United States
Easy Apply
146K-225K Annually
Senior level
146K-225K Annually
Senior level
Big Data • Fintech • Mobile • Payments • Financial Services
Leads cross-functional operations enablement programs that improve scalable, compliant servicing. Owns roadmaps, operational readiness, change management, stakeholder governance, risk resolution, knowledge management, training strategy, process optimization, and performance measurement. Partners with Product, Engineering, Operations, Compliance, and vendors to translate strategic and regulatory requirements into effective workflows, resources, and customer and agent experiences.
Top Skills: Ai-Driven Knowledge ToolsConfluenceLean Six SigmaLms PlatformsSalesforce
19 Minutes Ago
Easy Apply
Remote
United States
Easy Apply
146K-225K Annually
Entry level
146K-225K Annually
Entry level
Big Data • Fintech • Mobile • Payments • Financial Services
Build and maintain customer identity and access management services supporting registration, login, authorization, MFA, step-up authentication, and account lifecycle flows. Develop backend APIs in Python or Kotlin, integrate identity platforms such as Okta, Auth0, and ForgeRock, write tests, participate in code reviews, debug production services, improve reliability, and collaborate with engineering, product, and security teams.
Top Skills: APIsAuth0AuthenticationAuthorizationCiamDevice BindingForgerockKotlinMfaOktaPython

What you need to know about the Austin Tech Scene

Austin has a diverse and thriving tech ecosystem thanks to home-grown companies like Dell and major campuses for IBM, AMD and Apple. The state’s flagship university, the University of Texas at Austin, is known for its engineering school, and the city is known for its annual South by Southwest tech and media conference. Austin’s tech scene spans many verticals, but it’s particularly known for hardware, including semiconductors, as well as AI, biotechnology and cloud computing. And its food and music scene, low taxes and favorable climate has made the city a destination for tech workers from across the country.

Key Facts About Austin Tech

  • Number of Tech Workers: 180,500; 13.7% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Dell, IBM, AMD, Apple, Alphabet
  • Key Industries: Artificial intelligence, hardware, cloud computing, software, healthtech
  • Funding Landscape: $4.5 billion in VC funding in 2024 (Pitchbook)
  • Notable Investors: Live Oak Ventures, Austin Ventures, Hinge Capital, Gigafund, KdT Ventures, Next Coast Ventures, Silverton Partners
  • Research Centers and Universities: University of Texas, Southwestern University, Texas State University, Center for Complex Quantum Systems, Oden Institute for Computational Engineering and Sciences, Texas Advanced Computing Center

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account