Deputy Product Development - Environmental Liability

We are looking for a Deputy Product Development - Environmental Liability in either New York or Chicago

Your Team

The North American Liability team offers a wide range of liability insurance solutions. These include Primary and Umbrella and Excess coverages. We serve a diverse client list, which includes, but is not limited to, manufacturers, hotels, retail, business services and technology companies. 

The Impact You Will Have

You will support the efforts and execution of the Product Development strategy for North American Liability as led by the Regional Head of Product Development for Liability NA in collaboration with the Regional Head of Liability NA and as supported by the Global Liability Head and Global Product Development. You 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 Liability sector. The role will primarily support the Environmental Impairment Liability team, and assist with primary, umbrella, excess, and international products.

Some Of Your Specific Responsibilities Could Include

• Developing, implementing and modifying products (LoB specific or cross-line) and standard wordings, and coordinate Liability product-specific organizational matters with PCs, Regions, etc.
• Ensuring global knowledge sharing with regard to special products/enhancements and specific underwriting knowledge for Liability Products.
• Developing and defining North American Product Strategy in accordance with the underwriting strategy as defined by the Regional Liability Head and as supported by the Global Liability Head.
• Representing CUO Liability internally and externally to customers, brokers, the industry, and other organizations.
• Driving involvement of functional areas (e.g., other LoB teams, Claims, Legal and Distribution).
• Actively supporting Liability-specific projects and task forces.
• Providing support for special products.
• Identifying litigation trends, coverage trends, and market developments including market potentials and clients.
• Monitoring new (legal) developments, coordinating and steering regional/country issues (e.g., liability and insurance law development).
• Making suggestions for Underwriting authorities for special products to Head of Liability and sub-Lob heads.
• Enhancing and refining underwriting of products during the introduction period (including claims monitoring, sales support and portfolio monitoring).

What You’ll Bring To The Role

• Significant experience in drafting policy wording for environmental products;
• Demonstrable product development track record;
• Ability to develop, implement and communicate strategies to address important trends or changes in the business;
• Comprehensive technical knowledge of environmental products and coverages;
• Assist the Regional Head of Liability to analyze trends and scenario plans with respect to the Product;
• Design, develop and implement consistent, robust contract wordings;
• Ability to assess risk inherent exposures and hazards relevant to Liability;
• Analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance in product wordings including specific terms and conditions;
• Ability to analyze highly complex contracts and underwriting principles, identifying and resolving issues before they transpire;
• Ability to develop framework from product genesis to completion while communicating with key stakeholders;
• Ability to develop and meet Key Performance Indicators for Product Development in connection with portfolio;
• Excellent verbal and writing communications skills with an ability to build and foster relationships internally across the organization;
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.
• Bachelor’s degree required; JD preferred.

External applicants must be legally authorized to work in the United States without the need for current or future employment-based sponsorship. We are unable to sponsor or take over sponsorship of employment visas at this time, nor can we guarantee future sponsorship.

The annualized base pay range for this role is $150,000 – $220,000. The annual base salary range represents a 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.

91664 | Product Management | Professional | 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 is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.

People With Disabilities

We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email [email protected]

Recruitment Agencies

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm.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.