Let’s care for tomorrow. 

Your ambitions.  Your dreams.  Your tomorrow 

Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.   

 

Our Product Development Financial Lines team is currently looking for a Deputy Regional Head of Product Development based in either New York or Chicago. This is a hybrid role. 

 

Your Team 

Allianz Commercial (AzC) employs the brightest, most passionate people in the insurance industry. We’d love for you to join our growing team! We invest in our people through training and professional development while supporting you along the way—all so you can meet your career goals. To us, the most important measure of our success is yours. 

 

The Impact You Will Have  

This role will support the efforts and execution of the Product Development strategy for the North American Financial Lines as led by the Regional Head of Product Development for FL NA in collaboration with the Regional Head of FL NA and as supported by the Global LoB Head and Global PD. The position will support the efforts to strategically drive the innovation and execution of refreshed or new product offerings as well as customized wording for specific accounts. The role will work collaboratively with our Underwriting, Claims and Legal teams to create and define a market leading presence for product innovation in the Financial Lines sector.     

 

Some of your specific responsibilities could include: 

Develop, implement, and modify products for Financial Lines, standard wordings and coordinate product-specific organizational matters of LoB (Lines of Business) with PCs, Regions etc. 

Ensure global knowledge sharing with regard to special products/enhancements, specific UW knowledge for Financial Lines Product 

Develop, define North American Product Strategy in accordance with the underwriting strategy as defined by the Regional LoB Head as supported by the Global LoB Head 

Drive involvement of functional areas including e.g. other LoB teams, Claims, Legal and Market Management 

Identify litigation trends, coverage trends, market developments incl. market potentials and clients 

Monitor new (legal) developments, coordinate and steer regional / country issues (e.g. liability and insurance law development) 

Make suggestions for UW authorities for special products to Head of Financial Lines and sub-Lobs heads 

Enhance and refine underwriting of products during the introduction period (including claims monitoring, sales support and portfolio monitoring) 

 

What You’ll Bring to the Role 

5-7 years experience in Underwriting management position in relevant line of business  

5-7 years experience in demonstrable track record of product development  

7-10 years experience in successful track record of leadership of direct teams or complex matrix environments  

5-7 years experience of working internationally with strong ability for cross border adaption 

7-10 Comprehensive technical knowledge of Financial Lines products, coverages, underwriting practices, pricing processes and sales distribution channels 

Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is preferred  

Bachelor’s degree, preferably in Law, or comparable discipline 

Preferably completion of professional insurance qualification (e.g. CII)  

 

The annualized base pay range for this role is $112,350 - $217,550.  The annual base salary range represents nationwide market range. The actual salary for this position may be above and will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate. The base pay is just one component of the AzC total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards. 

 

72645 | Underwriting | Professional | Non-Executive | Allianz Commercial | Full-Time | Permanent

 

What’s in it for you? 

 

Let’s care about everything that makes you, you 

We are committed to nurturing an inclusive environment where everyone feels they belong.  We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.  Please feel free to discuss flexible working arrangements with us. 

 

Let’s care for your financial wellbeing 

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension. 

 

Let’s care for your opportunities to progress 

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered. 

 

Let’s care for life’s twists and turns 

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach.  We’ve got your back. 

 

Let’s care for our society and our planet 

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients. 

 

Care to join us? 

 

Allianz Commercial (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.  Learn more about us by clicking here. 

 

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic.  Diversity of thinking is an important part of our company culture. 

 

Recruitment Agencies:  
AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly.  Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid. 

 

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