Consultant, Product Development - P&C (Personal Lines Insurance Telematics)

This opening can be filled in a remote/work-from-home (WFH) capacity, or in one of our offices.

This individual will support the future vision of Nationwide Telematics personal insurance products by incrementally advancing rating sophistication towards the desired state.

The ideal candidate will be data/mathematically driven, with professional experience within actuarial pricing, product, or a similar function. Preferably, candidates have successfully supported implementation of pricing or rating elements of complex projects from concept through deployment and have enhanced the project using a minimally viable product approach to get to goal state while aligning and driving towards the targeted KPIs.

At a minimum, candidates will possess:

• Intermediate to advanced Excel skills
• Basic data mining and data analysis skills
• Strong communication skills
• Property & Casualty insurance industry experience

Compensation Grade: G3

Job Description Summary

Job Description

Key Responsibilities:

• Leads new business development and implementation projects. Provides leadership to all functional areas related to product design and management. Makes recommendations based on in-depth functional knowledge and opportunities for improvement.

• Develops and implements strategic business rules that support business requirements. Reviews pricing, design features and associated processes. Partners with underwriting to develop standards and guidelines.

• Develops and drives key initiatives related to growth and profitability. Manages strategies related to multiple product growth and profitability objectives. Coordinates product strategy with sales, agency management, field product and marketing.

• Develops and controls timelines, including regularly re-assessing risks, throughout project life. Revises project plans on an ongoing basis to maintain alignment with other projects and/or business strategy.

• Leads the process of analyzing market information on competitors. Proactively identifies product opportunities.

• Leads the coordination, development and implementation of new product training.

• Responsible for internal and external resource management, budgeting and cost containment.

• Provides market analysis tools and global data to the regions. Completes a national product analysis regarding performance, financial results, profitability, business mix and competition. Designs forecasting models and functions as a technical specialist on product issues. Communicates financial objectives and results.

• Guides the exploration, sponsoring and evaluation process of new product performance tools and technology enhancements. Accountable for the quality and effectiveness of rate change and system improvement implementations. Coordinates process change improvements. May provide input to appropriate functional areas to develop business specifications.

• Leads the rate review, filing and communication process for new development initiatives. Coordinates product recommended implementations. Initiates action plans to improve and/or maintain product performance. Ensures underwriting guidelines align with rate plan changes and corporate strategy.

• Designs and implements state level product strategy and communication plans throughout the organization. Assures effective communication to appropriate product leaders and functional areas of the organization.

• Proactively seeks out opportunities to interact with other business partners while developing cross functional knowledge in claims, sales, marketing, pricing, operations, underwriting and finance. Acts as a mentor to business partners.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Director/Officer. May have direct or indirect reports.

Typical Skills and Experiences:

Education: Undergraduate studies in insurance, actuarial science, mathematics, risk management, product management, finance, business administration or related field. Masters’ of Business Administration degree preferred.

License/Certification/Designation:Insurance licenses or designations such as CPCU, ACAS, ARM, FLMI, NASD, Project Management Certification preferred.

Experience: Six years of experience in personal/commercial lines insurance, financial services, marketing or communications including two years previous product management experience. Managerial experience, including facilitation, resolution, delegation and mentoring preferred.

Knowledge, Abilities and Skills: In-depth knowledge of property and casualty insurance product, analytical tools, telematics, core business functions, underwriting policies and practices, performance measurement techniques, and systems required. Knowledge of related pricing, marketing, insurance models/contracts, and financial analysis vital. Project management concepts and techniques; solid understanding of business terminology; business systems and data processing policies, practices and procedures. Knowledge of business-related systems concepts and requirements preferred. Excellent relationship building skills. Outstanding project management skills such as organization and planning, interaction, leadership and motivational techniques. Strong negotiation skills and data quality/integrity problem solving skills. Decision making skills for problem identification and selection of alternatives. Verbal and written communication skills at all levels for technical personnel and customer contact. Technical report preparation and formal presentation skills. Operates effectively in an environment of goals, targeted dates and high workloads. Adjusts schedule or work hours to meet changes in priorities.

Other criteria, including leadership skills, competencies 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: Exempt (Not Eligible)

Working Conditions: Normal office environment; extended and/or non-standard work hours based on project and service delivery needs. Travel as needed.

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.

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.