Product Development Expert - Construction Property - North America

We are looking for Product Development Expert – Construction Property – North America, based in New York, Chicago, Alpharetta, Houston or Toronto.

The Chief Technical Office is responsible for working with technical functions including Pricing, Product Management, Underwriting Integrity, Reinsurance, Portfolio and Accumulation Steering including Catastrophe Management, and Risk Consulting to ensure we are building Technical Excellence across our North America region, and in alignment with the overall global approach.

Reporting to the Chief Technical Officer, North America, the Product Development Expert – Construction Property – North America will support the execution of the Product Development strategy for the North American Construction Property practice as led by the Managing Director, Technical Underwriter, NA in collaboration with Hub Lead Construction, NA and as supported by the Global Line of Business (LoB) Head and Global Product Development.

You will strategically drive the innovation and execution of refreshed or new product offerings and customized wording for specific accounts. You will work collaboratively with Underwriting, Claims and Legal teams to create a market‑leading presence for product innovation in the Construction sector, and liaise with value‑added service providers for Allianz Construction policyholders.

• Developing, implementing, and modifying products (Line of Business specific or cross‑line), standard wordings and coordinating product‑specific organizational matters of LoB with PCs, Regions etc., ensuring global knowledge sharing with regard to special products/enhancements and specific underwriting knowledge for LoB products.
• Supporting the Construction LoB internally and externally to customers, brokers, service providers, the industry, and other organizations.
• Proactively involving functional areas including other LoB teams, Claims, Legal and Distribution.
• Actively supporting LoB 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).

• A minimum of 5 years of experience in Construction Property Underwriting.
• A minimum of 5 years of product development experience.
• Previous experience designing, developing and implementing consistent, robust contract wordings.
• Comprehensive technical knowledge of Construction Property products, coverages, underwriting practices, pricing processes and sales distribution channels.
• Ability to assess risk exposures and hazards relevant to Construction, as well as analyze Construction trends and scenario plans.
• Ability to analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance in product wordings, including specific terms and conditions.
• Experience working with international teams and remote colleagues.
• Ability to analyze highly complex contracts and underwriting principles, identifying and resolving issues before they transpire.
• Ability to develop framework for product genesis to completion, all while communicating with key stakeholders.
• Excellent verbal and written communication skills with an ability to communicate with a variety of people across the organization.
• Ability to utilize AI tools to support day‑to‑day tasks, improve efficiency and contribute to data‑driven decision making.
• Bachelor’s Degree.

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 $160,000 to $210,000, with a target bonus of 20%. The base salary is one component of the total compensation package and may be adjusted based on scope, complexity, location, skills, education and experience.

We offer a hybrid working model, a generous bonus scheme, pension, private healthcare, parental leave, flexible working arrangements and opportunities for career development and international mobility. Our goal is to support your financial well‑being, professional growth and life’s twists and turns.

Allianz is an equal opportunity employer and welcomes applications from people of all backgrounds. If you need adjustments during the application and selection process, please email Allianz Commer

Allianz Commercial has an in‑house recruitment team. We do not accept unsolicited resumes from agencies. Fees will not be paid if a candidate submitted by a recruiter without an agreement is hired.