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Product Support Business Partner

Allianz

Allianz

Product, Customer Service
Chicago, IL, USA
Posted on Tuesday, February 6, 2024

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, AzC has the major risks covered when it comes to protecting businesses.

Product Support Business Partner – New York or Chicago

Your Team
The North America Product Governance Team supports and guides our business partners in product governance with US regulatory requirements in conjunction with Legal NA and US State Affairs, including preparation of rates, rules, and policy forms for filing and negotiation of approvals by US State Affairs. Our mission is to promote consistency between LOBs related to rates, rules and forms and help navigate the North American regulatory requirements to help facilitate speed to market for any product changes.

The Impact You Will Have
Reporting to the Head of North America Product Governance as a Product Support Business Partner you will develop/define strategy for filing of rates, rules and forms for the North American Large Corporate LoBs. You will also help oversee product governance functions including data calls, market conduct exam responses, new law and regulation changes and regulatory training to help facilitate compliance with U.S. and Canadian laws and regulations.

Some of your specific responsibilities could include:

  • Working closely with the Business and Actuaries to create/update/maintain rate, rule and forms for submission to State Departments of Insurance by Government & Regulatory Affairs (GRA).
  • Addressing filing objections, etc., to achieve approval in all target states.
  • Coordinating with Actuaries to develop actuarial pricing related to state regulatory requirements.
  • Pulling and interpreting data from various applications such as Risk Browser or Global Genius.
  • Writing policy forms/endorsements, reading/understanding State regulations and being able to translate them into policy wording for issuance as required, creating a final form to send to GRA for filing.
  • Performing manuscript policy form reviews and/or interpreting/writing new wordings in conjunction with Underwriting, Claims and Legal.
  • Coordinating with product development on new coverages, being proactive in the market.
  • Performing timely competitor manuscript form reviews.
  • Providing business level support for market conduct examinations, including assisting in responding to inquiries and overall organization and coordination.
  • Handling data call requests, reporting and surcharge related activities, ensuring data quality and completeness.
  • Reviewing legal and regulatory changes to determine impact to the business and implement accordingly.
  • Reviewing Non-Disclosure Agreements and Confidentiality agreements and acting as a consultant on the same.
  • Managing other projects/performing other duties, as needed.

What You’ll Bring to the Role:

  • State regulatory compliance experience, including product/endorsement development, product filing and interaction with State Regulators;
  • Experience with pricing/rate/rule development;
  • Experience working with Actuarial to ensure proper pricing of products and creation of rates and rules;
  • Ability to develop and implement policies and endorsements;
  • Experience reviewing Non-Disclosure and Confidentiality agreements, acting as consultant on the same;
  • Ability to organize projects to ensure all roles are clear and all deadlines are met;
  • Ability to analyze highly complex data and information, from multiple sources, in detail. Work with actuarial to ensure proper pricing of products and creation of rates and rules;
  • Ability to express ideas and messages clearly, both written and verbally;
  • Ability to work in partnership with multiple departments to ensure all products/rates are filed and approved;
  • Bachelor’s degree in Business Administration, Mathematics, Legal, Finance and/or Actuarial background preferred.

The annualized base pay range for this role is $97,787 - $193,617. 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.


40474 | 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 401K.

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.

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