Come join the Nationwide Innovation team in Columbus!
We’re looking for innovators from all walks of life to build a diverse team to delight people in solving their needs in ways they can’t even imagine. We use design thinking to identify and solve important problems for people and foster a culture of inspiration, collaboration, inclusion, encouragement, innovation, and passion. Our fast-paced environment is the perfect place for people that want to make a difference in the lives of others. While we work hard, we also have a lot of fun doing it and take care of each other. Come join a startup in a large organization. Let’s innovate!
Role is part of multidisciplinary innovation “pod” or team designed to create, design, prototype, and launch products, services, experiences, and even businesses that disrupt the insurance and financial services industry. An instrumental member of the team that works throughout the innovation process from exploration to conceptual design; to detailed design, to develop and build, then launch. Often works in partnership with team throughout the company to bring these “member centric” solutions to market.Role is part of multidisciplinary innovation “pod” or team designed to create, design, prototype, and launch products, services, experiences, and even businesses that disrupt the insurance and financial services industry. An instrumental member of the team that works throughout the innovation process from exploration to conceptual design; to detailed design, to develop and build, then launch. Often works in partnership with team throughout the company to bring these “member centric” solutions to market.
Role is specifically responsible for assisting the team in determining the “viability” of opportunities throughout the innovation process and leading the development of the business case and business plan from first exploration to initial launch and commercialization. Collaborates with the team designers and researchers to understand desirability. Partners with technologists to understand feasibility and works with product managers and team lead to determine the business viability. Brings all pieces of an evolving business plan together always searching for a cohesive, understandable and scalable business model.
Core Duties and Responsibilities:
Member of the pod, where collaboration with product managers, designers, researchers, technologists, and business/finance leads to the best outcome
Assists leader with project management for the innovation pod, working with multi-disciplinary team with skillsets across all aspects of the value chain and innovation process
Leads the identification of market potential, product-market-fit strategy, establishing go-to-market strategies, estimation of potential revenues, operational support strategy, distribution analysis, market and product positioning
Identifies and clearly articulates key business hypothesis and assumptions, and works with the team to convert these to knowledge and facts to facilitate the innovation decision-making process
Accountable for creating dynamic business models through a data-driven process leveraging the expertise, methodologies and tools utilized by the team
Identifies the operational model, cost structures and resource requirements.
Leverages the Business Model Canvas and its components as a scorecard for the customer discovery process and the foundational plan
Works with the cross-functional team and team leader to set business and product metrics and goals to measure success and track against those goals
Identifies optimal scaling plans for bringing products/services to the broader organization and works with cross-functional partners to actively transition initiatives to the core business, new business line or other entity (including spin out options)
Provides management and leadership to the innovation pod in all aspects of determining the business viability of opportunities as they develop and evolve through the innovation process.
Provides clear guidance on the process and decision-making steps in assessing and developing the building blocks of a viable business and business model
Understands that failure is part of the innovation process. Institutionalizes learning from productive failures
Utilizes and encourages a startup or entrepreneurial mind set
Collaborates seamlessly and successfully throughout the organization with support areas such marketing, sales, public relations, legal and compliance, as well as other groups
Participates in user-driven innovation process (aka “design thinking”)
Helps to translate consumer and end-user needs into products, services, experiences, and businesses that solves needs and creates value
Supports and participates in rapid prototyping of ideas and solutions directly with consumers and customers, and iterates aggressively to arrive at solutions that exceed customer expectations and creates new value and points of differentiation.
Understands and represents the voice of the user (“the who”), clearly defines the right problems to solve (“the what”) and ensures the right end-to-end solutions to solve them (“the how”)
Keeps a pulse on industry movement and activities, and remains on top of key trends within insurance, financial services, startups and technology companies.
Anticipates where relevant companies, trends, and technologies might be going and informs strategies.
Performs other duties as assigned.
Typical Skills and Experiences:
Education: Undergraduate studies in business, marketing, product or engineering, MBA preferred.
Experience: 10+ years of diverse business experiences with an emphasis on strategy, finance, innovation and product management, ideally with new digital products for consumers or businesses (big and/or small).
Knowledge: Diverse business experience, especially in innovation and the development of new products, new services, and building new businesses, all the while demonstrating a highly collaborative approach for win-win solutions internally and externally. Must have an understanding the various business building blocks of the new opportunity to development of an investable business case and new business models, you should possess a quick and keen understanding of past, current and future business and technical strategies, technologies, and current trends. Entrepreneurial mindset with the ability to explore business opportunities in a structured yet iterative way. Experience working in PowerPoint and presentation creation; Proficiency in MS Office Suite.
Skills/Competencies: Strong financial and analytical skills and a proven ability to think strategically about customer needs, market dynamics and business impact. Natural curiosity about people and customers and comfortable with ambiguity. Excellent verbal and written communications skills;
Excellent organizational skills, able to problem solve, prioritize and manage multiple, parallel projects in a dynamic, rapidly changing environment. Strong sense of urgency with a focus on testing fast, learning fast and fail fast. Ability to act as a change agent and align teams on new ideas and ways of working. Ability to clearly articulate the decisions behind your recommendations, as well as the ability to analyze the results of modeling and testing, and recommend winning solutions.
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 and Guiding Behaviors.
Overtime Eligibility: Exempt (Not Eligible)
Working Conditions: Normal working conditions – Some 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.
Imagine a place where you do meaningful work every day. Where the effort you put in is acknowledged and rewarded. Where your sense of purpose is discovered and fostered. Where you can be your very best self. You’ve found that place in Nationwide. We are America’s most diversified financial services organization. We’re trusted advisers for our members, offering solutions like home and auto insurance, life insurance, retirement savings tools such as annuities and mutual funds as well as business insurance, pet insurance and identify theft protection. Join something great, where you can make a difference!