Welcome to Simply Hired!

Like what you see here? Check out more General and Operations Managers like this one.

Show Me More

P/C Workers Compensation Product Director

Apply Now

Company: Nationwide

Location: Columbus, OH

Date Posted: May 29, 2014

Source: Nationwide

*
*
*
*Additional Information
- Please read carefully
*
*
*
*The information between the asterisks contains specific information about this position while the information after the asterisks contains general information about jobs in this job family at Nationwide.This Workers Compensation Staff Product Director will sit in Columbus, OH and report to the AVP of Staff Product. The role will be responsible and accountable for the Staff Product Workers Compensation line of business. Key responsibilities will include leading the development of strategy and direction for Staff Product Workers Compensation department and reinforcing the understanding, communication, and execution of said strategy. The role will have responsibility for project management associated with Staff Product Workers Compensation department, including directing and supporting key initiatives on product strategy, growth and profitability with oversight for the rate/regulatory and small project initiatives for the Work Comp Product team.The ideal candidate will have the following:10+ years of increasing responsibility ...

*
*
*
*Additional Information
- Please read carefully
*
*
*
*The information between the asterisks contains specific information about this position while the information after the asterisks contains general information about jobs in this job family at Nationwide.This Workers Compensation Staff Product Director will sit in Columbus, OH and report to the AVP of Staff Product. The role will be responsible and accountable for the Staff Product Workers Compensation line of business. Key responsibilities will include leading the development of strategy and direction for Staff Product Workers Compensation department and reinforcing the understanding, communication, and execution of said strategy. The role will have responsibility for project management associated with Staff Product Workers Compensation department, including directing and supporting key initiatives on product strategy, growth and profitability with oversight for the rate/regulatory and small project initiatives for the Work Comp Product team.The ideal candidate will have the following:10+ years of increasing responsibility in a commercial operations, including strong industry experience with Workers Compensation, including experience in product management or underwriting in a field or staff capacity a well as previous people leadership; prior experience managing people leaders preferredStrong analytic skillsExcellent oral and written communication skillsAbility to drive for results and deal with ambiguityStrategic thinking skills to be able to formulate the national Workers Compensation Product strategy and communicate the roadmap to staff and other stakeholdersProject management exposure/experience/understanding, including the ability to successfully manage multiple diverse projects simultaneouslyProven ability to bring diverse teams to consensusProven ability to work with associates from all levels of the organization, up to and including senior leadersStrong communication skills with the ability to influence people and build relationships. including business partners and other stakeholders in a different geographic locationAbility to direct and support key initiatives on product strategy, growth, and profitabilityInsurance licenses or designations preferred
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*
*

JOB SUMMARY:
Develops and drives an integrated product strategy (including pricing and design features) across all product lines (or assigned product). Responsible for profitability and growth of products and/or states assigned. Directs the development, implementation and maintenance of features/capabilities of products in the assigned region or for an assigned product. Directs projects for new business or new implementation. Develops partnerships with related functional areas. Oversees response to regulatory and compliance mandates.

REPORTING RELATIONSHIPS:
Officer/Executive; Direct reports as assigned.

DUTIES AND RESPONSIBILITIES:
1. Assists in development of strategy of product design, reserving, pricing, catastrophe management, and associated processes to ensure the product''s growth and profitability.2. Provides leadership and executes vision to all functional areas of the company related to product design and management. Makes recommendations to senior management based on acquired regional, national and functional knowledge and opportunities for improvement.3. Directs and supports key initiatives on product strategy and profitability. Directs the development of strategies related to multiple product profitability objectives.4. Plans and develops strategies in order to achieve regional objectives. Functions as an expert on internal and external factors that influence the product line''s results. Partners with underwriting to develop standards and guidelines.5. Directs the development and implementation of new product training.6. Leads completion of countrywide market analysis. Determines where we have opportunities and develops product strategy to successfully penetrate those opportunities. Directs new business development and implementation within regions or across all regions. Designs financial objectives and strategies on communicating financial results.7. Oversees 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 enhancement implementations for multiple states. Drives process change improvements.8. Oversees the rate review process for multiple states/regions to ensure successful and timely implementation. Synchronizes corporate strategy, resources, and segmentation initiatives to drive rate review and rate change process. Directs action plans to improve and/or maintain product performance. Accountable for product consultations, decisions, and performance for assigned states/regions.9. Assures effective communication regarding product strategy and direction the staff product, regions, and other appropriate functional areas of the organization. Initiates monthly communications on product profitability and growth results.10. Works with regional teams and acts as a product development mentor. Develops high potential associates across functions.11. Directs associate management including: performance management, salary planning and administration, training and development, workflow and organizational planning, hiring and placement, and disciplinary actions.

MINIMUM JOB REQUIREMENTS:

Experience:
Eight years experience in personal lines/commercial lines insurance, financial services, marketing, or communications including four years previous product management, and associate management experience. Multiline product experience preferred.

Education:
Undergraduate studies such insurance, actuarial science, mathematics, risk management, economics, finance, accounting, business administration or related field. MBA preferred. Insurance licenses or designations such as CPCU, ACAS, FCAS, ARM, CLU, FLMI, ChFC, CFP, NASD etc preferred.

Knowledge:
In-depth knowledge of analytical tools, expert level knowledge of core business functions, underwriting policies and best practices, performance measurement techniques, and systems required. In-depth knowledge of related pricing, marketing, insurance models/contracts, and financial analysis necessary.Skills/

Competencies:
Excellent verbal and written communications necessary to effectively influence, train others, present information, communicate with management, agents, and policy holders. Must be skilled in the use of related systems and analytical tools. Ability to envision and drive for results, deal with ambiguity, solve problems, and learn on the fly. Demonstrated decision making skills, identify trends/patterns within regions necessary. Excellent project management skills necessary. Managerial courage and command skills are essential.

JOB CONDITIONS:

STAFFING EXCEPTION TO MINIMUM JOB REQUIREMENTS MUST BE APPROVED BY:
Executive and

HROvertime Eligibility:
Not Eligible (exempt)

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 the principal and essential functions of this job. Specific circumstances may allow or require some associates assigned to the job to perform a somewhat different combination of duties.

Job Evaluation Activity:
Evaluated March 2006 VAYJob Family/

Function:
PRD/PCS#corporate#diversity#nationwide#underwriting#veteran

Show more

Other jobs you might like

Show Me More

Were you satisfied with these results? Yes | No
Thank you for your feedback!