Please Note: This position is open to working remotely in the United States for suitable candidates.
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Job Description Summary
Our work is essential to helping Nationwide build future capabilities to serve customer needs by keeping existing products relevant and marketable. And building new products takes research, critical thinking, practicality and collaboration. If you enjoy leading a team to create innovative solutions for customers, we want to know more about you!As an AVP, Business Insights & Product Performance for Personal Lines (PL), you’ll serve as an inspiring leader for a team that is responsible for driving an analytical approach to assess product performance and extract insights to improve business results. You will provide leadership and business expertise to optimize data and identify and deploy advanced data analytics tools, models and automated solutions that enhance product, underwriting and pricing performance. You’ll also lead efforts to improve speed of delivery for new analytics solutions, ensuring that they align seamlessly to achieve intended business outcomes.
Job Description
Key Responsibilities:
Develops and leads the PL business insights and analytics team to identify approaches to assess product performance; extracts new product insights that enable risk assessment improvements; works with IT, Underwriting and Product to implement the analytics solution and operating model changes; and monitors performance of the data driven solutions across PL Product and Underwriting.
Defines and frames areas that have the greatest opportunity to benefit from analytics solutions. Primary areas of focus include risk assessment, product improvement, and automation.
Develops and continues to improve a risk assessment and risk selection strategy for all PL products and the framework for how pricing and underwriting processes/practices align. Gains PL leadership support and alignment on the strategy and roadmap.
Leads efforts to identify and communicate performance improvement opportunities and partners with Advanced Analytics Leader(s) to ensure alignment on methodology and data sources/types to be used in the development of the analytical/model solution. Ensures risk assessment models and data solutions meet the business needs and are in line with competitor peer set while meeting corporate standards.
Leads deployment of advanced data analytics tools, models, and automated solutions that enhance performance and results. Applies deep understanding of business, processes, and technology to ensure all solutions work together seamlessly. Leads and is responsible for the internal and external organizational change as advanced tools, models and solutions are implemented. Helps keep insights connected.
Gains support needed for funding and execution. Prioritizes budget dollars and resources to ensure highest value initiatives are being delivered within the given capacity/dollar constraints. Champions analytical solutions with the largest value business impact.
Leads pricing strategy and the connection of the pricing strategy with risk selection.
Interacts frequently with leaders across the organization from areas which include: Advanced Analytics, Enterprise Analytics, Pricing, and IT.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to VP, Product Development. Minimum of seven direct reports (Bands F-H).
Typical Skills and Experiences:
Education: Bachelor's degree in business, mathematics, or actuarial science required. MBA preferred. Industry related certifications preferred.
Experience: A minimum of ten years of property and casualty product, pricing, and underwriting experience, to include a minimum of five years of experience leading exempt associates.
Knowledge, Abilities and Skills: Extensive knowledge of PL products, product management, underwriting methodology, pricing principles, and the interdependencies of these functions. Expertise in business analytics and the implementation of models and technology enabled solutions to predict outcomes and enhance business results. Must be an active leaner with a natural inclination for finding opportunities to improve/simplify and automate business practices. Strong leadership skills and the ability to coach and mentor others in building business partnerships and influencing and providing timely and relevant information for decision making. Ability to translate findings into impactful communications.
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 HR Business Partner.
Values: Regularly and consistently demonstrates Nationwide Values.
Job Conditions:
Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal Office Environment
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 assigned to the job to perform a somewhat different combination of duties.
We currently anticipate accepting applications until 01/03/2025. 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.pdfNationwide 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 AVP, Business Insights & Product Performance - Personal Lines : $140,000.00-$277,000.00The expected starting salary range for AVP, Business Insights & Product Performance - Personal Lines : $147,000.00 - $247,000.00