If you’re passionate about helping people protect what matters most to them, as well as innovating and simplifying processes and operations to provide the best customer value, then Nationwide’s Property and Casualty team could be the place for you!
The preferred candidate will have experience with Business Lead supporting Pricing Sophistication (PS) initiatives. The candidate will serve as SME for Advanced Rate Stabilization (aka ARS or rate capping). They will be the leader across verticals for ARS and other assigned initiatives. they will support Auto Pricing Bundle and Property Pricing Bundle work if needed. The candidate will analyze and recommend future investment and delivery options for more technical PS features supported by business case. Experience with personal lines pricing and product manager with P&L accountability preferred.
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The compensation range for this role is G3.
Colorado residents: Email taproces@nationwide.com for salary information.
The preferred location for this role is Columbus, OH or Des Moines, however, all work from home locations will be considered
Job Description Summary
Our work is essential to helping Nationwide build future capability to serve customer needs. Keeping existing products relevant and marketable and building new products takes research, critical thinking, practicality and collaboration. If you enjoy gathering input and information, working independently and on a team and creating innovative solutions for customers, we want to know more about you!
As a Consultant, you'll recommend the development of additional products features and capabilities. Designing, managing and implementing project work plans for new business or new implementation will help drive product growth and profitability in the assigned products or states. You'll typically have responsibility for a single product line (standard auto, nonstandard auto, property or commercial) and may have responsibility for multiple states. We'll count on you for implementation of regulatory and other compliance-mandated changes.
Job Description
Key Responsibilities:
Reviews pricing, design features, and associated processes. Implements growth and profitability strategies. May review reserving with Actuarial.
Provides leadership related to product design and management. Makes recommendations based on in-depth functional knowledge and opportunities for improvement. Mentors others and facilitates leader development.
Develops and drives key initiatives on product strategy and profitability. Manages strategies related to multiple product profitability objectives. Coordinates product strategy with sales, agency management and marketing.
Leads the process of analyzing market information on competitors. Proactively identifies product opportunities. Leads new business development and implementation projects. Partners with Underwriting to develop standards and guidelines.
Leads the coordination, development and implementation of new product training.
Provides market analysis tools and global data to the regions. Completes a national product analysis regarding performance, financial results, profitability, business mix and competition. Designs forecasting models and functions as a technical specialist on product issues. Communicates financial objectives and results.
Guides the exploration, sponsoring and evaluation process of new product performance tools and technology improvements. Accountable for the quality and effectiveness of rate change and system enhancement implementations. Coordinates process change improvements. May provide input to appropriate functional areas to develop business specifications.
Leads the rate review and communication process for assigned state(s) and products across all functional areas. Coordinates product recommendation implementations. Initiates action plans to improve and/or maintain product performance. Ensures underwriting guidelines align with rate plan changes and corporate strategy.
Designs and implements state level product strategy and communication plans throughout the organization. Assures effective communication to appropriate product leaders and functional areas of the organization.
Proactively seeks out opportunities to interact with other business partners while developing cross functional knowledge in claims, sales, marketing, pricing, operations, underwriting and finance. Acts as a mentor to business partners.
Manages associates, including performance, salary planning and administration, training and development, workflow planning, hiring and placement and disciplinary actions.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to Manager/Director/Officer; May have direct reports.
Typical Skills and Experiences:
Experience: Six years of experience in personal lines/commercial lines insurance, financial services, marketing or communications, including two years previous product management experience.
Education: Undergraduate studies such as insurance, actuarial science, mathematics, risk management, economics, finance, accounting, business administration or related field. MBA preferred. Insurance licenses or designations such as CPCU, ACAS, ARM, CLU, FLMI, ChFC, CFP, NASD, etc. preferred.
Knowledge/Abilities/Skills: In-depth knowledge of analytical tools, core business functions, underwriting policies and optimal practices, performance measurement techniques and systems required. Knowledge of related pricing, marketing, insurance models/contracts and financial analysis necessary. Excellent verbal and written communications necessary to effectively influence, train others, present information, communicate with management, agents, and policy holders. Must be skilled in the use of related systems and analytical tools. Ability to work toward results, deal with ambiguity, solve problems, learn on the job, make decisions, see trends/patterns within regions necessary. Excellent project management skills necessary.
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the Officer/Director and HR Business Partner.
Values: Regularly and consistently demonstrate Nationwide Values.
Job Conditions:
Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal office environment; extended and/or non-standard work hours based on project and service delivery needs. Travel as needed.
ADA: The above statements cover what are generally believed to the principal and essential functions of this job. Specific circumstances may allow or require some associates assigned to the job to perform a somewhat different combination of duties.