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Nationwide · 1 day ago

Product Manager- Personal Lines

Columbus, OH

Full-time

Onsite

Senior Level, Lead/Staff

$97K/yr - $180K/yr

8+ years exp

Nationwide is a company focused on helping people protect what matters most to them, and they are seeking a Product Manager for their Property and Casualty team. The role involves developing and implementing strategies for product profitability, analyzing performance, and collaborating with various partners to ensure alignment with corporate objectives.

BankingFinancial ServicesInsuranceLife Insurance

H1B Sponsor Likely

Responsibilities

Gathers 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. May coordinate project/product research through others

Analyzes product performance and 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 and provides high level analysis considering multiple complexities to build fully developed solutions. Analyzes and reviews financial results, product profitability, business mix and competitive information and forecasts performance. May coordinate the analysis of others to include larger reviews

Manages schedule to complete work within established time and service standards. May handle 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

Develops comprehensive product strategy for the state(s) for overall profitability using rate reviews, pricing, risk appetite, placement, timing, etc. Determines how to apply and implement strategic decisions in alignment with market strategies (agents, tools, sales, etc.). Influences decisions with internal and external partners at all levels 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 and national strategy. Builds 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 providing recommendations based on in-depth functional and regional knowledge. 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 ensure alignment with the initiatives. Participates on projects and committees as a SME and provides consultation to research and development, pricing and training to provide regional perspective and expertise

Communicates information regarding products, pricing and organizational decisions to internal and external partners verbally and in writing. Translates sophisticated data and strategic concepts into understandable communications to be shared with multiple audiences. Discerns the most relevant information and flexes style and message appropriate for the audience that instills confidence, conveys the strategic vision and influences actions. This is a key area with a significant volume of verbal and written communication done at multiple levels on a continuous basis

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. Provides strong leadership, is approachable, and instills 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. Mentors associates and provide education to others at all levels

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

Qualification

Product strategy developmentData analysisFinancial planningCommercial lines insuranceAnalytical tools proficiencyCommunication skillsProject managementTeam collaborationLeadership skills

Required

Bachelor's degree in insurance, actuarial science, mathematics, risk management, economics, finance, accounting, business administration or related subject area

Eight years of experience in underwriting or product

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

Strong organizational agility and political savvy

Preferred

Masters of Business Administration degree

Progress toward or completion of CPCU, AU CIC, INS ARM, actuarial exams or similar designations

Cross-functional experience from other areas and experience with data analysis

Proficiency in analytical tools, relational databases, data visualization techniques, query-based language and/or statistical software experience

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

Company

Nationwide

Glassdoor3.9

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States.

Founded in 1925

Columbus, Ohio, USA

10001+ employees

http://nationwide.com

H1B Sponsorship

Nationwide has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2023 (8)

2022 (2)