Associate Product Manager - Personal Lines

Nationwide

267d • $78,000 - $117,000

About The Position

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! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we're looking for associates who are passionate about delivering extraordinary care. 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 an Associate Product Manager, you'll be responsible for positioning products for profitable growth within states that are generally smaller or less complex. You may have opportunities to work on a portion of a more sophisticated state in support of Product Manager. Work will include implementing processes related to financial planning, rate reviews, market development and communication. You'll support regional and corporate objectives through ongoing analysis and monitoring of results to ensure alignment to objectives.

Requirements

• Bachelor's degree in insurance, actuarial science, mathematics, risk management, economics, finance, accounting, business administration or related field preferred.
• Progress toward or completion of CPCU, AU CIC, INS ARM, Actuarial exams or similar designations preferred.
• Six years of experience in underwriting or product preferred.
• Cross-functional experience from other areas and experience with data analysis preferred.
• Knowledge of core business functions and detailed knowledge of commercial lines insurance products and pricing architecture, state regulations, underwriting procedures and standard methodologies.
• Solid understanding of financials, trend analysis and competitor data.
• Proficiency in analytical tools, relational databases, data visualization techniques, query-based language and/or statistical software experience preferred.
• Ability to communicate effectively, both verbally and in writing to present information, communicate and influence internal and external partners at all levels.
• Must be skilled in the use of related systems and analytical tools.
• Ability to work towards results, deal with ambiguity, solve problems, learn on the job, make quality decisions, see trends and patterns within data.
• Ability to lead projects, opposing priorities, timelines and resources to complete work.

Responsibilities

• Captures information from multiple internal and external sources according to company guidelines, including competitor filings to perform analysis.
• May require gathering verbal information from internal subject matter specialists or partners and data through reports or other external published or non-published electronic means.
• Provides and applies context and understanding of information to anticipate the multiple variables and complexities needed to research.
• Analyzes product performance and proactively finds opportunities at state, line of business and agency level.
• Identifies and analyzes key product, performance and profitability drivers such as distribution, rate structure and rules performance to validate assumptions, identify adverse impacts, trends and solutions.
• Applies judgment, understanding and curiosity to data to find opportunities, develop effective recommendations and solutions.
• Analyzes and reviews financial results, product profitability, business mix and competitive information and forecasts performance.
• Handles own schedule to complete work within established time and service standards.
• May manage timelines and coordinate completion of project work through others.
• Plans work to ensure rate review and other key processes are completed to ensure speed to market.
• Determines and recommends how to position products for overall profitability using rate reviews, pricing, risk appetite, placement, timing, etc.
• Applies and implements strategic decisions in alignment with market strategies (agents, tools, sales, etc.).
• Influences decisions with internal and external partners that impact national plan and geographic responsibility.
• Develops detailed product plan to achieve long- and short-term financial objectives (one to three years) for assigned state(s) and product(s) based on high level corporate objectives.
• Provides input into rate, loss, revenue, financial and other planning teams to influence regional strategy.
• Provides influence and implements communication plans to share key business changes.
• Initiates action plans to improve or maintain product performance.
• Consults with leadership and internal partners regarding analysis, ideas and business performance.
• Supports partners through ongoing review and consultation on distribution and underwriting performance initiatives.
• Provides tools and analysis to establish understanding of complex issues and focus attention on meaningful concepts.
• Promotes teamwork among regional and staff partners to align with the initiatives.
• Communicates information regarding products, pricing and organizational decisions to internal and external partners verbally and in writing.
• Translates complex data and strategic concepts into understandable communications to be shared with multiple audiences.
• Proactively builds and strengthens relationships with peers, internal and external partners to support completion of ongoing assignments.
• May participate in cross functional teams to complete projects or support the business.
• Is approachable and builds trust at all levels.
• Participates in training classes, department and company meetings.
• Pursues additional education to increase personal, professional and technical knowledge and skills.
• May assist trainers as a subject matter authority by providing content or delivering information to help educate regional underwriting and product partners.
• May mentor associates and provide education to others at all levels.
• May perform other responsibilities as assigned.

Benefits

• medical/dental/vision
• life insurance
• short and long term disability coverage
• paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date
• nine paid holidays
• 8 hours of Lifetime paid time off
• 8 hours of Unity Day paid time off
• 401(k) with company match
• company-paid pension plan
• business casual attire
• and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree