Technical Director, Product – Financial Services - NW Group Benefits / Stop Loss at Nationwide

Milwaukee, Wisconsin, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, InsuranceIndustries

Requirements

Passion for delivering extraordinary care and protecting retirement for individuals and businesses
Interest in autonomy to bring innovative group health products to life
Experience leading a team of talented Product Managers to set strategic vision and provide execution support
Expertise in development and management of self-funded, stop loss, and group fully insured products
Ability to make decisions on bringing products to market, incorporating sales feedback and market intelligence
Skills in overseeing countrywide product rollouts
Capability to manage product managers or consultants
Strong research, critical thinking, practicality, and collaboration skills
Experience gathering input and information, working independently and on a team, and creating innovative solutions
Detailed understanding of pricing, client needs, market needs, and sales positioning

Responsibilities

Leads development and maintenance of products, including crafting and modeling features/capabilities from beginning to end, with responsibility for growth, profitability, capital, and risk
Partners with sales leadership and finance to provide cost impact solutions/opportunities related to product design and develops business cases for customer acquisition
Generates multiple solutions addressing client/customer needs based on situation assessments
Drives incremental and adjacent innovation to differentiate products in the marketplace with cross-functional teams
Proactively identifies new market and business opportunities and reacts to competitive landscape and market conditions
Provides support and leadership to promote product/solution strategy, design, and management
Serves as liaison across the organization to implement new products/solutions, finds alignments/added value, and facilitates problem resolution
Builds strategic relationships, including vendor and partner alliances, to support product delivery
Assures performance results and expectations for product/solution implementation and business model
Develops, produces, and maintains ad hoc and custom sales report analysis; consults on product trends and sales analysis opportunities
Leads key project initiatives for initial product offerings, re-designs, or tangential applications (e.g., commissions, new business processing, policy administration)
Facilitates client understanding of product options and prioritizes them

Skills

Key technologies and capabilities for this role

Product ManagementProduct StrategyTeam LeadershipMarket IntelligenceFinancial ServicesGroup Health ProductsStop LossSelf-Funded ProductsProfitability AnalysisInnovationCross-Functional Leadership

Questions & Answers

Common questions about this position

What is the employment type for this Technical Director role?

This is a full-time position.

Is this Technical Director position remote or does it require office work?

This information is not specified in the job description.

What are the key skills needed for the Technical Director, Product role?

Key skills include leading product development and maintenance, partnering with sales and finance on business cases, driving innovation, identifying market opportunities, and providing strategic leadership across teams.

What is the company culture like at Nationwide for this role?

Nationwide emphasizes putting customers at the center, delivering extraordinary care, fostering autonomy for innovation, collaboration across teams, and passion for helping individuals and businesses with retirement protection.

What makes a strong candidate for the Technical Director position?

Strong candidates are passionate about customer care, enjoy leading teams with autonomy, excel in product strategy, innovation, market analysis, and cross-functional collaboration to drive growth and profitability.

Nationwide

Provides insurance and financial services

About Nationwide

Nationwide provides insurance and financial services to individuals and businesses across the United States. Their product offerings include auto, home, life, and commercial insurance, as well as retirement and investment solutions. The company operates by underwriting insurance policies and managing investment portfolios, earning revenue through premiums, investment income, and fees for financial services. What sets Nationwide apart from its competitors is its focus on leveraging technology to improve claims processing and policy management, along with its commitment to customer service. Additionally, Nationwide partners with organizations to offer financial education resources, particularly for retirees, aiming to ensure financial security and protect the futures of its clients.

Columbus, OhioHeadquarters

1925Year Founded

$769.7MTotal Funding

N/ACompany Stage

Consulting, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Risks

Competition from insurtech startups like Nexar may challenge Nationwide's market share.

AI-driven platforms like Planck could disrupt traditional insurance models.

Partnerships with AI firms may require significant tech investment and integration efforts.

Differentiation

Nationwide invests in tech-driven platforms like YellowBird and Betterview to enhance services.

Partnership with CLARA Analytics shows Nationwide's focus on AI for operational efficiency.

Collaboration with Funding Circle highlights Nationwide's support for small business growth.

Upsides

Nationwide's $56M loan to Whitestone REIT diversifies its investment portfolio.

Investments in AI and tech platforms could streamline operations and reduce costs.

Supporting small businesses may expand Nationwide's customer base and strengthen relationships.

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