Position Summary:

This role reports directly to the Chief Reinsurance Officer and plays a critical role in supporting Mercury Insurance’s catastrophe risk management, reinsurance purchasing, and regulatory rate filing processes. As it relates to reinsurance, the successful candidate will drive analytical and communication processes required to optimize risk transfer, comply with regulatory mandates, and provide actionable insights to both internal and external stakeholders.

State specific pay scales for this role are as follows:

$126,294 to $246,043  (CA, NJ, NY, WA, HI, AK, MD, CT, RI, MA)

$114,813 to $223,675 (NV, OR, AZ, CO, WY, TX, ND, MN, MO, IL, WI, FL, GA, MI, OH, VA, PA, DE, VT, NH, ME)

$103,332 to $201,308  (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.

• Construct and deliver reinsurance submission exhibits, ensuring accuracy and clarity for reinsurers, brokers, and other business partners.

• Analyze and allocate reinsurance costs in support of Product Management’s rate filings, ensuring compliance with California’s Sustainable Insurance Strategy (SIS) and related actuarial guidelines.

• Develop and maintain profitability metrics and capital requirement analyses, including BCAR (Best’s Capital Adequacy Ratio) studies.

• Partner with Mercury’s Research and Development Team to inform the development, maintenance, and execution of catastrophe risk modeling using industry-standard platforms (Verisk Touchstone, Moody’s RiskLink) in order to support annual and ad hoc reinsurance renewal processes.

• Collaborate closely with Mercury's Climate and Catastrophe Science Team to effectively translate the Company's view of risk in technical model outputs for business and technical audiences, including reinsurers, rating agencies, and additional external stakeholders.

• Support the evaluation, selection, and structuring of reinsurance solutions in alignment with corporate financial and risk appetite objectives.

• Monitor industry trends in catastrophe modeling, regulatory requirements, and risk transfer, recommending best practices and improvements.

Minimum: Bachelor’s degree in actuarial science, mathematics, statistics, engineering, risk management, or related discipline

Preferred: Advanced degree or relevant certifications (ACAS/FCAS/CAT modeling certifications).

Experience:

Minimum: 5 years of experience in the areas of key responsibilities

Preferred: 10 years of experience in the areas of key responsibilities

Knowledge and Skills:

• Minimum: Proficient in catastrophe modeling platforms, including Verisk Touchstone and Moody’s RiskLink, with demonstrated hands-on experience in model operation, interpretation, and reporting.

• Proven record delivering reinsurance submission exhibits and supporting contract renewal processes.

• Strong understanding of property catastrophe risk, reinsurance structures, and capital adequacy measures such as BCAR.

• Experience communicating complex risk analyses and model assumptions/results to both technical and executive audiences.

• Working knowledge of California’s Sustainable Insurance Strategy (SIS) and principles of insurance rate filing desirable.

• Strong analytical, organizational, and interpersonal skills, with a collaborative, solutions-oriented approach.

Preferred: Experience building an Industry Exposure Database (IED), Programming proficiency in SQL, R and /or Python