Sr State Product Analyst

Nationwide; United States; Remote; USD 80,000 - 120,000; Full time

Job summary

Nationwide is seeking a State Management Sr Analyst to provide analytical support and leadership for State Managers. You will gather and analyze financial data, identify trends, and contribute to initiatives that drive profitable growth through pricing, market development and reporting.

Reporting to senior product managers, you will prepare standard and ad hoc reports, coordinate communication across functions, and help implement state-specific strategies to meet profit targets.

Qualifications

• Bachelor's degree in insurance, actuarial science, mathematics, risk management, economics, finance, accounting, business administration or related field preferred.
• Progress toward CPCU, AU CIC, INS ARM, Actuarial exams or similar designations preferred.
• Three years of experience in property and casualty insurance or related area and experience with data analysis preferred.
• Knowledge of analytical tools, pricing methodologies, reporting and MS Office capabilities.

Responsibilities

• Performs analysis and provides recommendations to State Management with minimal supervision.
• Provides rate revision support, attends meetings and completes analyses.
• Reviews competitor filings and consolidates input from the field.
• Reviews monthly profit and loss statements and reports with State Managers to identify variances and trends.
• Monitors progress toward financial goals and growth targets.
• Supports state managers with quarterly state forecast reviews.
• Communicates results professionally and coordinates across functions.

Skills

Data analysis

Analytical thinking

Communication skills

Microsoft Office

Education

Bachelor's degree in insurance, actuarial science, mathematics, risk management, economics, finance, accounting, business administration or related field

Tools

Microsoft Office

Job description

If you're passionate about helping people protect what matters most to them at a Fortune 100 company with nearly $70 billion in annual sales, 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 and partners are at the center of everything we do and we're looking for associates who are passionate about delivering extraordinary care.

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Job Description Summary

Our work is essential to helping Nationwide build future capability to serve customer needs. Keeping existing products relevant and marketable and building new products takes research, critical thinking, practicality and collaboration. If you enjoy gathering input and information, working on a team and creating innovative solutions for customers, we want to know more about you!

As State Management Sr Analyst, you'll provide analytical support and project leadership to help State Managers achieve strategic goals. With limited oversight, you'll gather, compile, and analyze financial and performance data to identify trends and opportunities. You'll participate in project work, prepare standard and ad hoc reporting, and contribute to initiatives that position products for profitable growth. Your work will include implementing processes related to financial planning, rate reviews, market development, and communication. You'll support regional and corporate objectives through ongoing analysis and monitoring of results to ensure alignment with business goals.

Job Description

Key Responsibilities:

• Performs analysis and provides recommendations to State Management. Works independently, identifying multiple inputs, variables and using business knowledge to fully consider the situation and provide a robust analysis and deployment recommendation. Applies judgment, understanding, and curiosity to data to develop effective recommendations.
• Provides rate revision support, including attending meetings, completing checklists, completing analyses.
• Reviews competitor filings and collect input from the field about competitor changes. Consolidates and reports on information.
• Reviews monthly Profit & Loss statements and other monthly reports, working with State Managers, to identify root causes for variances and emerging trends.
• Monitors and reports on progress toward financial goals (Growth, CR, LR, Retention).
• Identifies trends and changes needed to ensure profitable growth.
• Works with State Managers to implement state-specific strategies to meet or exceed profit and growth targets.
• Monitors financial results, quoting activity, and conversion rate.
• Supports state manager with quarterly state forecast reviews.
• Communicates results effectively and in a professional manner.
• Understands how source data impacts reporting and analysis
• Coordinates and facilitate communication across functions.
• Completes ad hoc requests for the State Managers in a timely fashion.
• May perform other responsibilities as assigned.

Reporting Relationships: Reports to Sr State Product Manager - Personal Lines or State Product Manager - Personal Lines. Individual contributor role.

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 CPCU, AU CIC, INS ARM, Actuarial exams or similar designations preferred.
• Experience: Three years of experience in property and casualty insurance or related area and experience with data analysis preferred.
• Knowledge, Abilities and Skills: Knowledge of analytical tools, basic knowledge of core business functions, underwriting standard methodologies, performance measurement techniques, and systems required. Basic knowledge of related pricing, marketing, company operations and products. Strong business software solutions skills utilizing the Microsoft Office suite. Ability to analyze data, identify underlying issues, devise alternative solutions, select most appropriate action and follow through to completion. Strong verbal and written communication skills necessary to collaborate with internal and external contacts. Ability to organize and present detailed analysis, information and concepts. Ability to prioritize own work/time.

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. Depending on level, the approvers may change.

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 th