Nationwide Careers – Associate Product Manager

Website Nationwide

Job Description:

As an Associate Product Manager, you’ll position products for profitable growth within an assigned state(s), or a portion of a state. Your work will include implementing financial planning, rate reviews, market develop and communication processes that support regional/corporate objectives. You’ll conduct ongoing analysis and monitor results and communicate those results to distribution and underwriting partners. Collaborating with others to share product performance and perspective will be key to success.

Job Responsibilities:

  • Determines applications and implementation of strategic decisions aligned with market strategies (agents, tools, sales, etc.). Influences decisions with internal and external partners that impact national plan and geographic responsibility.
  • 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 judgement, understanding, and curiosity to data in order to see opportunities, develop effective recommendations and solutions. Analyzes and reviews financial results, product profitability, business mix and competitive information and forecasts performance.
  • 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 corporate objectives. Provides input into rate, loss, revenue, financial and other planning teams to influence regional strategy. Provides input to and implements communication plans to share key business changes. Initiates action plans to improve or maintain product performance.
  • Determines and recommends product positioning for overall profitability using rate reviews, pricing, risk appetite, placement, timing, etc.
  • Gathers information from multiple sources, according to company guidelines, to perform analysis. May require gathering verbal information from internal subject matter authorities 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.
  • 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 build understanding of complex issues and focus attention on important concepts. Promotes collaboration among regional and staff partners to ensure alignment with the initiatives.
  • Completes 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, ensuring speed to market.

Job Requirements:

  • Knowledge of core business functions and detailed knowledge of commercial lines insurance products and pricing architecture, state regulations, underwriting procedures and practices.
  • Working knowledge 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 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, competing priorities, timelines and resources to complete work.
  • Six years of experience in underwriting or product preferred.
  • Experience from other areas and experience with data analysis preferred.
  • Bachelor’s degree in insurance, actuarial science, mathematics, risk management, economics, finance, accounting, business administration or related field preferred.

Job Details:

Company: Nationwide

Vacancy Type:  Full Time

Job Location: Columbus, OH, US

Application Deadline: N/A

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