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 reports to the Product Management Casualty Director

Our Product Development team is focused on delivering best in class products that support the strategic initiatives of our business partners, are based on consistent and proven form language, and are aligned with Nationwide best practices for form language. 

This role is responsible for development of new forms and/or substantial revisions to existing casualty forms. Understanding of casualty exposures, including primary and excess/umbrella products, is required. Knowledge of ISO products and admitted and non-admitted products is also required.  Experience in claims litigation and possession of a Juris Doctor degree is preferred; equivalent experience in form drafting and product development may be acceptable. The ability to consult effectively with business partners in underwriting, Legal, and claims is essential to success in this role. 

The product development team will consist of a Senior Consultant product developer for casualty as well as two consultants who will partner with the product developers to provide secondary form content review, compliance review and prepare forms for publishing. The ability to collaborate effectively with team members to ensure deliverable timelines are met is critical to success in this role. This role, along with the Property Product Development Sr. Consultant may also be assigned additional projects related to the product development best practices.

Compensation Grade: H3

#LI-MS2

#LI-REMOTE

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

Job Description Summary

Working on our team, designing and managing excess and surplus insurance products and programs, offers new opportunities and challenges every day. Continuous learning and growing is crucial, as is innovation and creativity. If you have all that and the ability to deliver successful programs and projects, we want to know more about you!

As a Sr Consultant, you’ll be a product leader for the largest, most complex initiatives. You’ll lead the initiation, development and maintenance of products/programs with respect to design, profitability and growth. You will provide leadership to all functional areas related to product design and management. You’ll make recommendations based on in-depth functional knowledge and opportunities for improvement. You’ll develop and implement strategic business rules that support business strategy related to the design, pricing, underwriting, distribution, claims and other processes associated with developing/enhancing management products/programs. You’ll also promote and provide high level input on key initiatives to address product/program strategy and profitability objectives. You’ll lead assigned state/region/department, and operations functions as required. You will assist in the coordination and implementation of new products/programs and product changes and assist in communicating product direction throughout the organization. You’ll act as a mentor/trainer to lower level associates.

Job Description

Key Responsibilities:  

Provides high level, strategic input on key initiatives addressing product/program strategy and profitability objectives. Leads the development and execution of key initiatives on product/program strategy and profitability. 

Leads the development and maintenance, including features/capabilities of products/programs from beginning to end.

Provides support and leadership to all functional areas of the company to promote product/program design and management. Provides recommendations and feedback on pricing point decisions, design features and associated processes.

Provides market analysis for assigned product(s). Completes product analysis regarding performance, financial results, profitability, business mix, and competition. Designs forecasting models and functions as a technical expert on product issues. Communicates financial objectives and results, identifies opportunities for improvement and makes recommendations to management.

Proactively identifies product/program opportunities in present markets or new markets and coordinates them within the organization's product development area. Relates these opportunities to corporate goals meeting company/ regional/departmental needs and issues. Reacts appropriately to market conditions.

Works with Leadership in all underwriting divisions and other departments such as Actuarial and Claims to anticipate company/regional/departmental needs and issues. Acts as a technical resource to Leadership in all underwriting divisions and other departments, such as Actuarial and Claims.

Maintains proficiency in pricing, product/program design, legal compliance, data analysis, product/program distribution, marketing, claims, and statistical reporting and insurance financials.

Identifies and evaluates business opportunities. Leads the analysis of market information on competitors.  Leads new development and implementation initiatives. Leads the roll out of new initiatives/products/programs/enhancements.

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.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to (Product Director/Officer).  Direct reports (1-3).  

Typical Skills and Experiences:  

Education: Undergraduate studies in insurance, actuarial science, mathematics, risk management, product management, finance, business administration or related field preferred. 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: Ten or more years of experience in property and casualty insurance, financial services, marketing or communications preferred; including two years previous product development experience desired. Demonstrated success in leading significant projects and/or initiatives in a matrix organization desired.

Knowledge, Abilities and Skills: In-depth knowledge of property and casualty products, analytical tools, 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. Leadership skills evidenced by the ability to get results through other people. 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. Strong 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. Administrative ability to plan, coordinate and assess the work of others, and strong personnel leadership skills in order to train, develop and empower staff. Decision-making skills for problem identification and selection of alternatives. Excellent verbal and written communication skills to effectively collaborate, influence others, present information and communicate with leadership.
 
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. May require some travel within region.
 
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 12/10/2024. 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 Sr Consultant, Product - E&S/Specialty : $107,000.00-$207,000.00

The expected starting salary range for Sr Consultant, Product - E&S/Specialty : $116,000.00 - $176,000.00