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 2024!

About the Job:

The primary job function is to be responsible for ratemaking, and possibly loss reserving, for specific products in specific states while supporting the work of the Actuary Manager/Supervisor.

Responsibilities:

Works with Actuary Manager/Supervisor and State Product Manager in developing rates that meet profit and growth objectives for assigned states and line of business. Proactively monitors results, rate adequacy, trends, competitiveness, mix distributions, etc. on a consistent basis. Responsible for producing quarterly indications and LR projections, working with manager to evaluate which depth is appropriate. Conducts pricing analysis on territories and/or segments as needed or requested. Performs ad hoc analyses and deep dives into any key issues. Develops loss reserve estimates for internal and financial reporting use, if needed. Works with State Product Manager on Rate Levels, providing the indication, rate proposal, filing support and any other analysis or assistance needed. Works with State Product Manager and R&D on countrywide product version roll outs. Performs dislocation and sets base rates when necessary.

Retrieves and analyzes data available and identifies issues and opportunities in making sound ratemaking decisions from an actuarial standpoint. Produces and maintains regular monitoring reports as assigned. Participates in special projects, working with Actuaries, State Product Manager, R&D and/or cross-functional partners. Exercises due diligence in reconciling data and ensuring accuracy of work, including good documentation practices.

Communicates effectively and efficiently with regard to indications, projections, trends, and other reports as required by senior management in monitoring company goals and objectives. Communicates ideas and experiences to Actuaries.

Provides assistance and contributes to product and pricing improvements and development of next generation insurance products. Recommends ideas to improve product offerings, process improvements, and/or goal changes.

Education:

Minimum: Bachelor's Degree required. Completion of at minimum 3 actuarial exams.

Preferred: Major in either math, actuarial science, finance, economics, or other quantitative fields preferred.

Experience:

Minimum: 1+ years of actuarial experience, or equivalent combination of education and/or experience.

Preferred: P&C industry experience preferred.

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

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, paid Company holidays, and 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.