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 opening can be filled in a remote/work-from-home (WFH) capacity or in one of our offices.
This portfolio management role is a key member of our Portfolio/Product Management team, optimizing analytical support for the Commercial Middle Market Field organization.
Advanced Excel and Power BI / Tableau skills are a required for consideration, while coding ability in different languages and applications is preferred (Databricks, Dataiku, SQL, R/Python). Prior experience within the Insurance and/or Financial Services industry is strongly preferred.
Compensation Grade: F3
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 Specialist, you'll provides detailed analysis at the portfolio level to support development and execution of underwriting, automation and operational strategies to assess market segment performance. We'll count on you, too, to provides support to product and underwriting teams on specific risk characteristics, underwriting appetite, guidelines and business relationships. You may have opportunities to lead cross functional teams to complete key project work.
Job Description
Key Responsibilities:
Gathers information from multiple sources according to company guidelines, to perform analysis. May require gathering verbal information from internal subject matter authorities 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 multiple variables and complexities needed to research.
Analyzes regional product performance or specific segments of the book and finds opportunities at the region, state, territory and agency levels. Identifies and analyzes key product, performance and profitability drivers such as distribution, ratings and rules performance, etc. to validate assumptions, identify adverse impacts, trends and solutions. Applies judgement, understanding, and curiosity to data to see opportunities, develop effective recommendations and solutions.
Completes work within established time and service standards. May manage timelines and coordinate completion of project work through others.
Develops and determines project ideas based on observations, analysis, experience and intuition. Determines necessary steps to process work. Defines data sets, data sources and assumptions needed to complete the analysis. Recommends robust solutions or work around based on analysis, along with detailed action plans for implementation and the resulting anticipated improvement.
Identifies work priorities, parameters and implementation plans in collaboration with department leaders. Develops and coordinates project plans, priorities and outcomes across a project team.
Consults with internal and external partners to resolve business issues and complex projects requiring discernment or robust solutions. Understands organizational capabilities and uses opportunities to drive maximum value. Consults with leader and product manager on outcomes of analysis work and ideas.
Supports agency review process for the region. Promotes teamwork among regional and staff partners to ensure alignment with strategy and development initiatives.
Communicates with business partners by requesting or providing requested information; sharing findings and issues with appropriate leaders or groups. Delivers strategic, operational and technical information to peers, leaders and other internal partners. Communicates and presents outcome of projects within team and across the department, region and company.
Builds and strengthens relationships with peers and internal partners to support completion of ongoing assignments.
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.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to Product Associate Vice President, Director or Manager. No direct or indirect reports.
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: Detailed knowledge of commercial lines insurance products and pricing architecture, state regulations, underwriting procedures and practices. Working knowledge 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 toward results, deal with ambiguity, solve problems, learn on the fly, make quality decisions, see trends and patterns within data. Ability to manage competing priorities, timelines and resources to complete projects.
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. 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 assigned to the job to perform a somewhat different combination of duties.
We currently anticipate accepting applications until 10/08/2024. 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 Specialist, Portfolio Management - P&C : $69,000.00-$142,000.00
The expected starting salary range for Specialist, Portfolio Management - P&C : $76,500.00 - $114,500.00
