R&D Pricing Scientist - Mercury Insurance

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:

At Mercury, members of our Product Management Team are responsible for driving profitable growth in their assigned states and line of business Commercial Lines Auto and/or Commercial Multi Peril

The primary job function is to act as subject matter expert in statistical modeling methodology and/or product research. Identifies issues and recommends solutions and enhancements to current insurance products. Supports strategy to research, design, and develop new insurance products to achieve profitable growth.

Geo-Salary Information

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

State specific pay scales for this role are as follows:

$94,458 to $179,048 (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$85,871 to $162,771 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$77,3283 to $146,494 (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 $123,078 to $170,941

Responsibilities

Essential Job Functions:

• Acts as a subject matter expert in statistical modeling methodology and product research; Identifies business opportunities through data analysis and market research; Researches and evaluates new data sources for risk segmentation improvement; Contribute to the idea generation on data process and modeling methodology evolution.
• Supports the design, rating and development of new and enhanced products for targeted lines of business; Reviews and understands results of analyses and implements changes in pricing and product models as directed.
• Partners with PDMs and cross functional teams including MTS, Underwriting, Sales Development, and other divisions to implement product enhancements; Supports company-wide initiatives on data and product delivery process.
• Provides data, statistical and analytical support to others.
• Mentors junior analysts and provides product training throughout the organization as necessary

Qualifications

Education:

Minimum:

• Bachelor’s Degree required with emphasis in analytical concentration such as Actuarial Science, Data Science, Economics, Engineering, Finance, Math, Statistics.

Preferred:

• Ph.D.'s or master’s degree preferred.

Experience:

Minimum:

• At least 2 years’ experience in the P&C