Field Product & Portfolio Manager, P&C - Commercial Lines (Middle Market Insurance)

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.

This role can be filled in one of our offices, hybrid, or in a fully remote/WFH (Work-From-Home) capacity.  Some overnight travel is required, a few times each year.

Qualified candidates must possess:

• P&C Insurance business acumen within Product/Portfolio Management, Underwriting, Actuarial/Pricing, Claims, Business Insights. or a related area
• Advanced proficiency in Excel (pivot tables, V-lookups, etc.)
• Familiarity with using reporting resources such as Tableau or Power BI
• Strong communication skills with the ability to translate complex and data-heavy information into clear and actionable insights for others

 

Commercial insurance product expertise across all lines is strongly preferred, though not required.

 

This role does not qualify for employer-sponsored work authorization.  Nationwide does not participate in the Stem OPT Extension program.

 

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Job Description Summary

If you are driven to develop real business intelligence from data to inform business decision-making, and can communicate complex issues in an understandable and relevant way, we want to know more about you! Working on our team offers the opportunity to influence the products offered and help Nationwide meet and exceed the needs of our customers in the marketplace today and into the future.

As a Product Manager, you'll position products for profitable growth. We'll count on you to develop and implement multi-year strategic plans and implement processes related to financial planning, rate reviews, market development and communication. Your work will support regional and corporate objectives by providing ongoing analysis and results monitoring aligned with company objectives. To succeed, you'll need to communicate results with leaders, internal and external partners and share product performance and perspective.

Job Description

Key Responsibilities:

• Gathers information from multiple sources, according to company guidelines, to perform analysis. Provides context and understanding of information to anticipate the multiple variables and complexities needed in research.

• Analyzes product performance and finds improvement 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 and understanding to data and provides analysis considering multiple complexities to build fully developed solutions.

• Analyzes and reviews financial results, product profitability, business mix and competitive information and forecasts performance.

• Completes work within established time and service standards. May manage timelines and coordinate project work through others. Plans work to ensure rate review and other key processes are completed, ensuring 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 aligned with market strategies (agents, tools, sales, etc.). Influences decisions 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). Provides input into rate, loss, revenue, financial and other planning teams to contribute to 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 leaders and internal partners about analysis, ideas and business performance, providing recommendations based on deep functional and regional knowledge. Supports partners with ongoing review and consultation on distribution and underwriting performance initiatives.

• Provides