Job Description

If youxe2x80x99re 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 Nationwidexe2x80x99s Property and Casualty team could be the place for you! At Nationwidexc2xae, xe2x80x9con your sidexe2x80x9d goes beyond just words. Our customers are at the center of everything we do and wexe2x80x99re looking for associates who are passionate about delivering extraordinary care.Please Note: This role is open to working remotely in the United States. Summary Do you have a passion for building profitability in our property business? Our work is essential to driving Nationwidexe2x80x99s future capability to serve our customerxe2x80x99s needs while delivering strong financial outcomes in line with expectations. Success leading this team requires a blend of product knowledge, underwriting savvy and analytical prowess.This executive role will be a technical leader with full end-to-end accountability and responsibility for the Personal Lines Auto profit & loss. Your primary focus will be on underwriting results driven by loss ratio and underwriting expense. This role oversees home, renters, condo, dwelling fire, equipment breakdown and service line.Key Responsibilities:- Sets coverage offered, risk appetite available along with risk selection capabilities including strategy for the property product.- Develops countrywide best practices for both product and underwriting including partnering with pricing in maintaining leading segmentation capabilities within class plan.- Instills product factory mentality with focus on:Policy wording and coverage definitionsCompetitor intelligenceMarket/economic intelligenceAlign strategy across customer and distribution partnersExecution of technology to deliver solutions while managing portfolio across product and underwriting- Instills underwriting/risk assessment factory mentality with focus on:Risk appetite definitionBest practices around risk eligibility guidelinesRisk selection rules and execution quality controls across new and renewal businessManages market gaps in class plan/pricing to ensure adverse selection is minimized- Product line performance monitoring including KPIs, continues feedback loop with claims, external trends, market cycles, distribution, etc.- Accountable for the operationalization and optimization of Tier I and Tier II program initiatives into business operations.- Maintain best in class capabilities across Smarthome spectrum and innovative solutions.- Set best practices around expected mix of business, perils and overall segmentation.- Manages operational budgets to ensure expense dollars driving value where appropriate.- Partnership with reinsurance, CAT risk management, CAT aggregation, earnings volatility, etc.May perform other responsibilities as assigned.Reporting Relationships: Reports to SVP, PL Product & Underwriting. Manages a team of Underwriting and Product professionals including AVPs and Directors.Typical Skills and Experiences:Education: Bachelor's degree or post graduate studies preferred.Experience: Minimum of 15 years of experience in personal/commercial lines insurance, financial services, marketing, pricing, product management, underwriting or communication, including 10 years of leadership experience. Must have the ability to solve complex problems for Personal Lines Product and Underwriting needs.Knowledge, Abilities and Skills:Other criteria, including leadership skills, competencies and experiences may take precedence.Staffing exceptions to the above must be approved by the hiring managerxe2x80x99s leader and Human Resource Business Partner.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 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 12/12/2024. However, we encourage early submissions, as the posting may close sooner if a strong candidate slate is identified before the deadline.BenefitsWe 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, .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.pdfNationwide 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 VP, Property Line Leader - Personal Lines : $193,500.00-$322,500.00The expected starting salary range for VP, Property Line Leader - Personal Lines : $193,500.00-$322,500.00

Nationwide Mutual Insurance Company