Director, Product Research

Pay Philosophy

The typical starting salary range for this role is determined by a number of factors including skills, experience, education, certifications and location. The full salary range for this role reflects the competitive labor market value for all employees in these positions across the national market and provides an opportunity to progress as employees grow and develop within the role. Some roles at Liberty Mutual have a corresponding compensation plan which may include commission and/or bonus earnings at rates that vary based on multiple factors set forth in the compensation plan for the role.

Description

This position may have in-office requirements depending on location

 

 

 

Description:

Are you looking for an opportunity to join a nimble, high-performance team addressing a strategic and high-visibility opportunity for a Fortune 100 company? Liberty Mutual Mobility Solutions is working to develop solutions for the future of transportation and we’re seeking a Director to support product research and development for new mobility insurance products. Join us as we work with the firms that are changing the way people and goods move ? including autonomous vehicles, ridehail, car sharing, subscription, micromobility, and more.

This role will help drive the development of mobility segment products and segment strategies to help us stay ahead of and capitalize on the disruptions we see and anticipate in the transportation space. A key to success in this role (and for the success of our team) will be the ability to adapt the traditional capabilities of commercial lines and personal lines insurance products to address the needs of our mobility customers.

 

As the lead for mobility product research analytics, you will be involved with a top priority cross-business unit initiative aimed at positioning our company for success as transportation evolves. With a number of new mobility products already in market, this role will be responsible for executing on opportunities to improve and expand our portfolio.

 

Responsibilities:

• Product Development: You will be responsible for building, improving, and deploying solutions across the spectrum of personal and commercial lines to meet the emerging needs of mobility players. You’ll coordinate cost-benefit analyses to inform product initiative prioritization, as well as ensure the reasonableness / consistency of assumptions throughout the product initiative portfolio.
• Market Research: You’ll be responsible for identifying emerging and/or unmet needs of mobility players and producing insights for what capabilities we should be building or adapting.
• Project Management: You will drive and coordinate cross-functional initiatives, working closely with teammates in other functions (including partnerships, underwriting, pricing, and claims) and business units to build on our competitive advantage and enhance our positioning in the marketplace. Typical initiatives will be focused on pursuing new business opportunities, renewing key accounts, building critical capabilities, and building thought leadership in the marketplace.

 

The ideal candidate will have the following:

• Highly developed quantitative analysis, problem-solving, and communication skills
• FCAS (or other insurance designations) and/or expert skills in statistical software packages highly desired
• Strong knowledge of insurance principles, underwriting and ratemaking concepts. (Experience with Auto product a plus)
• Track record of framing decisions and recommending trade-offs
• Demonstrated ability to build relationships and influence others (both with and without authority)
• Ability to manage and prioritize multiple initiatives

Qualifications

• Master's degree or equivalent in mathematics, economics, statistics, or other quantitative field.
• Minimum of 7, typically 10 years or more relevant work experience.
• Expert skills in Excel, PowerPoint, and statistical software packages (e.g., SAS, Emblem).
• Must have exceptional planning, analytical, decision-making, communication, and project management skills.
• Expert knowledge of data sources, tools, and the business (lines, systems, pricing plans), predictive modeling, and code (e.g., SQL).
• Significant understanding of competitors' pricing strategies and relationship to our own.
• Industry knowledge developed from internal meetings, news alerts, project-specific work, and proactive research into competitor strategies.

About Us

As a purpose-driven organization, Liberty Mutual is committed to fostering an environment where employees from all backgrounds can build long and meaningful