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Regional Product Leader - Financial Lines



Accounting & Finance, Product
New York, NY, USA
Posted on Friday, April 5, 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.

We are currently looking for a Private & Not For Profit Regional Product Leader based in New York. 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

The Regional Product Leader for MLC is responsible for the underwriting results with the Private and Not For Profit LOB for the Region; including setting underwriting authority, managing underwriters in a matrix environment, providing underwriting direction and support, as well acting as referral manager for business that exceeds local underwriting authority.

Some of your specific responsibilities could include:

  • Responsible for development of underwriting strategy for Financial Lines business.
  • Monitor a consistent underwriting governance framework for the LoB (Line of Business)
  • Drive implementation of underwriting guidelines, rules and principles, conditions, pricing tools and best practice processes and standards
  • Complete business reviews to ensure quality of execution of local underwriting
  • Review and support referrals within area of expertise that exceed regional underwriting authority.
  • Identify, develop and implement underwriting policy, procedural and program changes in accordance with the underwriting strategies and regulatory environment.
  • Ensure appropriate training programs are implemented and maintained to develop the level of underwriting expertise needed.
  • Proactively manage and steer NatCat exposure (in liaison with CAT Risk Mgmt and NCCSD)
  • Compile global portfolio data for reinsurance purchase and exposure modelling.
  • Proactively manage underwriting treaty portfolio (in liaison with Reinsurance)
  • Qualitative analysis, management of LoB portfolio incl. profitability analysis (e. g. trades, distribution channels etc.) and KPI reporting
  • Lead and manage Underwriting team and manage cost center budget within plan.

What You’ll Bring to the Role

  • 7-10 years experience in Underwriting profitable business in LoB. Specialized expert understanding of multiple sub-LoB products and portfolio
  • 7-10 years experience in demonstrating established relationships with brokers at peer group level and well established within market
  • 7-10 years experience in specialized understanding of regional / local LoB insurance markets and competitor landscape, including global elements
  • 5-7 years experience in understanding of legal and regulatory framework
  • 5-7 years experience working in complex, global matrix organization
  • Preferably a degree in Economics, Law, or other appropriate discipline
  • Completion of professional insurance qualification (e.g. CII)

The annualized base pay range for this role is $161,175 - $276,300. 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.

44508 | Underwriting | Management | 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.

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