Deputy Regional Head of Product Development - Financial Lines

Allianz Commercial; New York (NY); Hybrid; USD 112,000 - 218,000; Full time

Job summary

An established industry player seeks a Deputy Regional Head of Product Development to lead innovative strategies in Financial Lines. This hybrid role offers the opportunity to collaborate with diverse teams, driving product innovation and enhancing market presence. With a focus on professional growth, the company fosters an inclusive environment that values diversity and offers comprehensive benefits. If you're passionate about shaping the future of insurance and have a strong track record in underwriting and product development, this is the perfect opportunity for you.

Benefits

Flexible working arrangements

Competitive compensation package

Bonuses

Pension plan

Career development opportunities

Digital learning support

Health and wellbeing support

Parental leave

Qualifications

• 5-7 years in Underwriting management in relevant line of business.
• Demonstrable track record of product development.
• Comprehensive technical knowledge of Financial Lines products.

Responsibilities

• Develop and implement products for Financial Lines.
• Ensure global knowledge sharing regarding special products.
• Monitor new legal developments and coordinate regional issues.

Skills

Underwriting Management

Product Development

Leadership

Cross-Border Adaptation

Financial Lines Knowledge

AI and ML Application

Education

Bachelor’s Degree in Law

Professional Insurance Qualification (e.g. CII)

Job description

Job Type:

Full-Time

Remote Job:

Hybrid working

Employment Type:

Permanent

ID:

72645

Non-Executive

Deputy Regional Head of Product Development - Financial Lines

Let’s care for 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 actual salary will be determined by various factors including scope, complexity, location, skills, education, training, credentials, and experience. This base pay is part of a comprehensive compensation package that includes performance-based incentives.

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 fostering an inclusive environment. We offer a hybrid working model and flexible arrangements.

Let’s care for your financial wellbeing

We offer a competitive compensation package, including bonuses and pension.

Let’s care for your opportunities to progress

We support career development, digital learning, and international mobility.

Let’s care for life’s twists and turns

We provide support for flexible working, health, wellbeing, and parental leave.

Let’s care for our society and our planet

We engage in shaping a sustainable, inclusive future.

Care to join us?

Allianz Commercial (AzC) is a global insurance provider, part of Allianz Group, offering risk solutions across various sectors. Learn more about us by clicking here.

We are an equal opportunity employer, welcoming applications regardless of background. Diversity of thought is valued.

Recruitment Agencies:
AzC has an in-house recruitment team. We do not accept unsolicited resumes from agencies without an agreement. Please adhere to our policies to avoid disqualification.