Associate Product Manager - Personal Lines

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.

We are seeking a dynamic and detail-oriented Associate Product Manager or Senior Product Analyst to join our team. In this role, the candidate will support the management of personal lines products for the states of Pennsylvania and Rhode Island. Individuals will be responsible for collaborating with cross-functional teams to drive product strategy, conduct market research, and analyze performance metrics. If you are passionate about product management and eager to make a significant impact, we would love to hear from you.
 

Compensation Grade: F3 Payband

This position may be filled at the E or F band level, based on candidate experience and qualifications.

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Job Description Summary

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.

Job Description

Key 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.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Senior Product Manager.

Typical Skills and Experiences:

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

License/Certification/Designation: Progress toward or completion of CPCU, AU CIC, INS ARM, Actuarial exams or similar designations preferred.

Experience: Six years of experience in underwriting or product preferred. Cross-functional experience from other areas and experience with data analysis preferred.

Knowledge, Abilities and Skills: 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.

Other criteria, including leadership skills, proficiencies and experiences may take precedence.

Staffing exceptions to the above must be approved by the hiring manager’s leader and Human Resources Business Partner.

Values: Regularly and consistently demonstrates the Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Additional hours as required. Some overnight travel required.

ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people to perform a somewhat different combination of duties.

We currently anticipate accepting applications until 01/10/2025. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.

Benefits

We have an array of benefits to fit your needs, including: 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. To learn more about the benefits we offer, click here.

Nationwide is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive culture where everyone feels challenged, appreciated, respected and engaged. Nationwide prohibits discrimination and harassment and affords equal employment opportunities to employees and applicants without regard to any characteristic (or classification) protected by applicable law.

This position could be filled within any of the lower 48 U.S. states.

Smoke-Free Iowa Statement: Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247.

For NY residents please review the following state law information: Notice of Employee Rights, Protections, and Obligations LS740 (ny.gov) https://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdf

Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.

The national salary range for Associate Product Manager - Personal Lines : $70,000.00-$145,500.00

The expected starting salary range for Associate Product Manager - Personal Lines : $78,000.00 - $117,000.00