Product Manager- Personal Lines

Nationwide•Ohio, IL

73d

About The Position

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 Product Manager, you'll be responsible for positioning products for profitable growth within state(s). This will include developing and implementing multi-year strategic plans and implementing processes related to financial planning, rate reviews, market development and communication of product management. Your work will support regional and corporate objectives through ongoing analysis and monitoring of results and communicating results with leadership, distribution and underwriting partners.

Requirements

Bachelor's degree in insurance, actuarial science, mathematics, risk management, economics, finance, accounting, business administration or related subject area or Masters of Business Administration degree preferred.
Eight years of experience in underwriting or product preferred.
Detailed knowledge of core business functions, and commercial lines insurance products and pricing architecture, state regulations, underwriting procedures and standard methodologies.
Solid understanding of financials, trend analysis and competitor data.
Excellent verbal and written communication skills to present information, communicate and influence internal and external partners at all levels.
Ability to drive for results, deal with ambiguity, solve problems, learn on the job, make quality decisions, see trends and patterns within data.
Ability to manage projects, opposing priorities, timelines and resources to complete work.

Nice To Haves

Progress toward or completion of CPCU, AU CIC, INS ARM, actuarial exams or similar designations preferred.
Cross-functional experience from other areas and experience with data analysis preferred.
Proficiency in analytical tools, relational databases, data visualization techniques, query-based language and/or statistical software experience preferred.
Strong organizational agility and political savvy preferred.

Responsibilities

Gathers information from multiple internal and external sources according to company guidelines, including competitor filings to perform analysis.
Analyzes product performance and finds opportunities at state, line of business and agency level.
Manages schedule to complete work within established time and service standards.
Develops comprehensive product strategy for the state(s) for overall profitability using rate reviews, pricing, risk appetite, placement, timing, etc.
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.
Consults with leadership and internal partners regarding analysis, ideas and business performance providing recommendations based on in-depth functional and regional knowledge.
Communicates information regarding products, pricing and organizational decisions to internal and external partners verbally and in writing.
Proactively builds and strengthens relationships with peers, internal and external partners to support completion of ongoing assignments.
Participates in training classes, department and company meetings.
Lead all aspects of associate management including performance, salary planning and administration, training and development, workflow and organization planning, day-to-day management, hiring and placement and disciplinary actions for direct and possibly indirect reports.
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