Specialist, Product - E&S Specialty/Form Development

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!

Compensation grade: F3

E&S Product Development is focused on delivering best in class products to the marketplace. This Form Development Specialist position will collaborate with various areas such as Underwriting, Legal, Claims, IT, Actuarial, and external Program Managers to design, develop, implement, and maintain Property & Casualty and Management and Professional Lines product solutions.

Desired knowledge, skills, and abilities:

• Knowledge of forms development and filing process
• Understanding of insurance coverage language and policy structure, including knowledge of ISO products
• Knowledge of property and casualty insurance products and terminology
• Aiding in the development of form structure and drafting content with the ability to reference best practice policy language, including endorsements, admitted rating manual content, and manuscript language
• Excellent written communication and proofreading skills including grammar, punctuation, style, readability, and accessibility
• Ability to analyze and provide product recommendations to business partners in consideration of Statutory and Regulatory requirements
• Ability to effectively manage and prioritize work based on business need
• Be comfortable asking questions, demonstrating curiosity, and thinking critically
• Interest in continually expanding knowledge of insurance products/lines of business with the ability to effectively research on an ongoing basis

Please note this role may be filled at a different level depending on candidate skills and experience.

Nationwide pays based on a geographic-specific salary structure. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role as well as the cost of labor in the market; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. The role may also be eligible for either short-term or long-term incentive plans based on business and/or position-specific results. Newly hired full-time associates receive a minimum of 18 days paid time off each full calendar year, pro-rated quarterly based on hire date. Newly hired full-time associates at higher job levels may receive additional paid time off. You will also receive 8 hours of Lifetime paid time off and 8 hours of Unity Day paid time off. The range for this role is listed below.

In Washington, the salary range for Specialist, Product - E&S Specialty is $66,600 to $131,500.

In Washington, the salary range for Consultant, Product - E&S Specialty is $81,000 - 159,000.

In Washington, the salary range for Sr. Analyst, Product - E&S/Specialty is $65,478.40 - 103,000.

Preferred work location is Scottsdale, AZ, but open to considering work from home/remote in the US depending on the candidate pool and respective qualifications/experience.

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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 essential, 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 Specialist, you'll assist with the initiation, development and maintenance of assigned products/programs with respect to design and profitability. You'll implement processes related to the design, including pricing, underwriting, agency management, distribution and claims. We'll also count on you to support regional, departmental and corporate objectives by coordinating the use and allocation of staff and other resources. You'll have opportunities to provide a macro-level, cross-channel perspective to products, programs and results.

Job Description
Key Responsibilities:

• Develops and maintains features/capabilities of the assigned product/program, sharing responsibility for growth and profitability.
• Establishes and maintains project work plans for implementation of new products/programs or the maintenance of existing products/programs.
• Provides recommendations and feedback on price point decisions, design features and associated processes such as distribution and claims.
• Provides support to all functional areas of the company related to product/program design and management. Makes recommendations based on acquired functional and regional/departmental knowledge.
• Owns the cross-functional integration of design and interrelations.
• Assists in developing key strategy and profitability initiatives. Facilitates the implementation of products/programs to distribution channels.
• Helps analyze market information on competitors and proactively assists in the rollout of new initiatives. Assists in new business development and implementation projects. Evaluates business opportunities.
• Develops and delivers new product training.
• Builds and maintains relationships with all underwriting divisions and other departments such as products forms and filings, actuarial, claims, legal and regulatory compliance.
• Works with other departments to anticipate regional or organization needs. Learns to develop and execute short- to medium-term business plans.
• Analyzes financial results, product profitability and assists in forecasting assigned product/program and regional/departmental needs. Forecasts and models results of action plans.
• Assists in evaluating and sponsoring new tools and technology to improve product/program performance.
• Assists the rate review process for assigned product/program.
• Assists in developing communication on product strategy and disseminating information throughout assigned product/program region/department.
• Interacts with other business partners while developing cross-functional knowledge.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Consultant or Director.

Typical Skills and Experiences:

Education: Undergraduate studies such as insurance, actuarial science, mathematics, risk management, economics, finance, accounting, business administration or related field preferred.

License/Certification/Designation: Insurance licenses or designations such as CPCU, ARM, ASLI, AU, INS, etc, preferred.

Experience: Four years of experience in personal/commercial lines insurance including underwriting, marketing, product management or comparable area preferred. Previous product management experience preferred. Excess & Surplus/specialty lines insurance experience desirable.

Knowledge, Abilities and Skills: Solid understanding of 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 necessary. Must have basic knowledge of training theory. Excellent verbal and written communications necessary to influence, train others, present information, connect with management and agents. Must be skilled in the use of related systems and analytical tools. Ability to drive for results, deal with ambiguity, solve problems, learn on the job, make decisions and see trends/patterns. Project management skills necessary.

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 the Nationwide Values.

Job Conditions:

Overtime Eligibility: Not Eligible (Exempt)

Working Conditions: Normal office environment. Non-standard or extended work may be required based on project needs. 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.

Benefits

We have an array of benefits to fit your needs, including: medical/dental, paid time off plus nine paid holidays, 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.

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 based on a geographic-specific salary structure. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role as well as the cost of labor in the market; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. The range for this role in California is listed below. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.$66,500.00 - $115,500.00

Nationwide pays based on a geographic-specific salary structure. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role as well as the cost of labor in the market; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. The range for this role in Colorado is listed below. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.$66,500.00 - $102,500.00

Nationwide pays based on a geographic-specific salary structure. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role as well as the cost of labor in the market; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. The range for this role in New York is listed below. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.$66,500.00 - $139,000.00