Product Manager II State (CMP/BOP)

Posted 7 Hours Ago
Be an Early Applicant
Hiring Remotely in US
Remote
97K-231K Annually
Senior level
Insurance
The Role
Manages product premium volume growth and profitability for assigned states and insurance product lines, including Auto and Property. Leads cross-functional teams, develops strategic action plans, sets pricing, enhances offerings, ensures regulatory and operational alignment, monitors performance, and manages product analysts and assistant product managers. Requires advanced quantitative analysis, insurance product expertise, supervisory experience, and data-driven decision-making.
Summary Generated by Built In
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 primary job function is to manage product premium volume growth and profitability results within assigned states. 


Geo-Salary Information

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


State specific pay scales for this role are as follows:

$118,664 to $230,619 (NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$107,876 to $209,653 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$97,089 to $188,688 (UT, ID, MT, NM, SD, NE, KS, OK, IA, AR, LA, MS, AL, TN, KY, IN, SC, NC, WV)


In CA: Typical hiring range is $157,177 to $218,302


The expected base salary for this position will vary depending on a number of factors, including relevant experience, skills and location.

Responsibilities

Essential Job Functions:

  • Product Owner for cross-functional team for assigned states/products, working with relevant departments such as Claims, Underwriting, Sales/Marketing, Customer Service, IT and outside contacts, including agents, regulators and industry groups.
  • Independently develops and executes action plans and strategic direction for assigned states and product lines.
  • Key contributor to strategic direction for product lines.
  • Sets pricing and enhance the offerings to position the product towards profitable growth in the marketplace.
  • Ensures quality and accuracy of work; from Identification, Analysis, CBA, Implementation, Post Monitoring, and Cross Functional coordination/communication.
  • Maintains alignment with national model (allowing for regulatory and market condition deviations) and implementation to ensure successful development of the entire product line(s). 
  • Accountable for product success in one or more assigned states/products.  Product lines to include, but not limited to, Auto and Property.
  • Recruits, manages, and develops Product Analysts and Assistant Product Managers.
  • Other functions may be assigned.

Qualifications

Education:

Minimum:

  • Bachelor’s Degree required in Statistics, Economics, Mathematics, or related field.

Preferred:

  • Master's degree desired in Statistics, Economics, Mathematics, or related field.

Experience:

Minimum:

  • 5+ years of experience working with property and casualty insurance industry products or 3+ years with a Master's Degree
  • Supervisory experience required
  • At least 2 years of experience as a Product Manager 1 or equivalent position.
  • Or equivalent combination of education and/or experience.

Preferred:

  • 5 or more years of experience with Commercial Multi-Peril 
  • 2 or more years of experience with E&S (Excess and Surplus)

Knowledge and Skills:

  • Proven ability to constructively tackle new or complex problems and make data-driven decisions, often with limited or incomplete information.
  • In-depth technical knowledge of industry products and services, philosophy and best practices and the ability to apply such knowledge in a strategic capacity
  • Excellent written and verbal communication skills to correspond with management, internal and external customers
  • Advanced problem-solving, quantitative, and analytical skills
  • Relentlessly curious

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 $118,664.00 - USD $230,619.00 /Yr.

Skills Required

  • Bachelor's degree in Statistics, Economics, Mathematics, or a related field
  • 5+ years of experience working with property and casualty insurance industry products, or 3+ years with a master's degree
  • Supervisory experience
  • At least 2 years of experience as a Product Manager I or equivalent
  • Master's degree in Statistics, Economics, Mathematics, or a related field
  • 5 or more years of experience with Commercial Multi-Peril
  • 2 or more years of experience with Excess and Surplus insurance
  • Ability to solve new or complex problems and make data-driven decisions with limited information
  • In-depth knowledge of insurance industry products, services, philosophy, and best practices
  • Excellent written and verbal communication skills
  • Advanced problem-solving, quantitative, and analytical skills

Mercury Insurance Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Mercury Insurance and has not been reviewed or approved by Mercury Insurance.

  • Healthcare Strength Core medical coverage spans multiple plan types alongside dental and vision, with employer HSA funding, mental‑health access, and wellness incentives. These offerings indicate a well‑rounded health and wellbeing package.
  • Retirement Support A 401(k) with company match and automatic enrollment indicates structured retirement support. A defined vesting approach further underscores consistent long‑term savings assistance.
  • Leave & Time Off Breadth Time‑off offerings cover vacation, sick time, paid holidays, and standard leaves such as bereavement, military, and family medical. The menu provides baseline coverage across key leave categories, with accrual improving over tenure.

Mercury Insurance Insights

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The Company
HQ: Los Angeles, CA
3,165 Employees
Year Founded: 1962

What We Do

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 other 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 are an award-winning company, and we owe that to our amazing team! 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. Mercury was founded in 1961 by George Joseph, Mercury’s Founder and Chairman. Back in the 50s, everyone paid the same rate, regardless of their driving record. Joseph decided he could create a new system by developing an insurance company that used different factors to create fair and equitable rates for a variety of drivers. “We called our company Mercury, because I wanted us to be fast and nimble, just like the Roman God of business and merchants,” says Joseph. “He was also responsible for delivering good news to people on Earth, which is exactly what we do for Mercury customers every day.” We, Mercury Insurance (NYSE-MCY), are a leading independent broker and agency writer of automobile insurance in California and one of the fastest growing automobile insurers in the nation. We were ranked as the fourth largest private passenger automobile insurer in California, with over $4.5 billion in total assets, 4,500 team members, and 8,000 independent agents. We started by providing comprehensive coverage options for auto and expanded our offerings into home, condo, renters, and business insurance, as well as mechanical protection. We operate through a network of local, independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia.

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