Regional Head of North America Product Governance

Job Level:  Management
Location: 

New York, NY, US, 10005 Chicago, IL, US, 60606

Area of Expertise:  Product Management
Unit:  Allianz Commercial
Employing Entity:  Allianz Global Risks US Insurance Compan
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  83557
Position Cluster:  Allianz Executive
 

 

Let’s care for tomorrow. 

Your ambitionsYour dreamsYour tomorrow 

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group.  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.  

 

We are looking for a Regional Head of North America Product Governance in 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 
As Head of North America Product Governance, you are part of the Allianz Commercial Global Product Management leadership team. You will build and lead the North American Centralized Product Governance Unit to proactively lead and support the business in ensuring compliance with US state laws, including creating and maintaining rates, rules, and policy forms, maintaining compliance with US state law and regulation changes, and being the point of contact to ensure all regulatory compliance activities (e.g., market conduct support, data calls, surcharges, etc.) are addressed in a timely and thorough manner.    

 

Some of your specific responsibilities could include: 

  • Building and leading the NA Centralized Product Governance unit ensuring that Global Product Management initiatives and product related governance within Allianz Commercial is implemented and followed.     

  • Coordinating the team to work closely with the Business and Actuarial to create/update/maintain rate, rule and forms for submission to state departments of insurance by Government & Regulatory Affairs (GRA), including addressing filing objections, etc., to achieve approval in all target states.   

  • Performing actuarial pricing as related to state regulatory requirements, including pulling and interpreting data from various applications such as Risk Browser or Global Genius.     

  • Performing policy form/endorsement writing, including the ability to read/understand state regulations, translating them into policy wording for issuance and GRA filing as required.  

  • Performing manuscript policy form reviews and/or interpreting/writing new wordings in conjunction with Underwriting, Claims and Legal.  

  • Providing support to Product Development Team and being proactive in the market with product development and new coverages. 

  • Performing timely competitor manuscript form reviews and training the team on the forms. 

  • Providing business level support for market conduct examinations, including assisting with responding to inquiries and overall organization and coordination with the business. 

  • Acting as point of contact for market conduct examinations, including assisting in the response of inquiries and overall organization and coordination from the business standpoint.    

  • Handling data call requests, reporting and surcharge related activities, ensuring data quality and completeness. 

  • Reviewing legal and regulatory changes to determine what their impact to the business and implementing accordingly.  

  • Reviewing Non-Disclosure Agreements and Confidentiality Agreements, acting as a consultant on the same. 

  • Managing other projects/performing other duties, as needed. 

 

What You’ll Bring to the Role: 

  • A minimum of 7 years of experience with state regulatory compliance experience, including product/form/endorsement development, product filing and interaction with State Regulators; 

  • Prior leadership experience; 

  • 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;  

  • Ability to utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making;  

  • 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; and 

  • Bachelor’s degree in Business Administration, Mathematics, Legal, Finance and/or Actuarial background preferred. 

 

The annualized base pay range for this role is $225,000 - $260,000. 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.

 

 83557 | Product Management | Management | 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 agcsglobalcareers@allianz.com

 

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.

 

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Nearest Major Market: Manhattan
Nearest Secondary Market: New York City