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Nationwide · 3 months ago

Associate Product Manager - Personal Lines

Iowa

Full-time

Onsite

Mid, Senior Level

6+ years exp

Nationwide is a company focused on helping people protect what matters most to them. The Associate Product Manager will support the Personal Lines Product team by positioning products for profitable growth and analyzing product performance to ensure alignment with regional and corporate objectives.

BankingFinancial ServicesInsuranceLife Insurance

H1B Sponsor Likely

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. 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. 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

Qualification

Personal lines insurance experienceAnalytical tools proficiencyData analysisProject managementCommunication skillsBuilding partnershipsLearning agilityProblem solving

Required

Prefer prior personal lines insurance product or pricing experience

Proficiency in analytical tools and ability to see trends and patterns in the data

Demonstrate strong verbal and written communication skills

Ability to build partnerships and influence internal and external partners

Ability to drive results, problem solve, deal with ambiguity and learn on the fly

Manage projects, competing priorities, timelines and resources

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

Six years of experience in underwriting or product 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

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

Preferred

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

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.

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)