Product Development Expert - Construction Property - North America

Product Development Expert – Construction Property – North America

Join Allianz Commercial in this role based in New York, Chicago, Alpharetta, Houston, or Toronto. You will report to the Chief Technical Officer, North America, and work with technical functions such as Pricing, Product Management, Underwriting Integrity, Reinsurance, Portfolio and Accumulation Steering, Catastrophe Management, and Risk Consulting to build Technical Excellence across the region and align with the global strategy.

You will collaborate closely with technical teams and senior leaders across the organization to ensure our North American Construction Property practice delivers market‑leading products and solutions.

Supporting the Product Development strategy for the North American Constructions Property practice, you will strategically drive the innovation and execution of refreshed or new product offerings, customize wording for specific accounts, and liaise with value‑added service providers for Allianz Construction policyholders.

• Developing, implementing, and modifying products and standard wordings while coordinating product‑specific organizational matters of LoB with PCs, Regions, etc., and ensuring global knowledge sharing on special products and underwriting knowledge.
• 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 such as 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, and analyze Construction trends and scenario plans.
• Ability to analyze current performance against various benchmarks to ensure adequate progress and satisfactory performance in product wordings.
• 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 while communicating with key stakeholders.
• Excellent verbal and written communications skills 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 cannot 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. We also offer a target bonus of 20%. The base pay is just one component of the total compensation package. Employees are also eligible for annual performance‑based cash incentive awards.

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model and encourage flexible working arrangements. Our comprehensive benefits package includes a generous bonus scheme, pension, private healthcare, parental leave, and support for life’s twists and turns.

From career development and digital learning programs to international career mobility, we provide lifelong learning opportunities and foster an environment where innovation, delivery and empowerment are encouraged.

We also support you in shaping a future that is safe, inclusive and sustainable, caring for our society and the planet.

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 culture.

People With Disabilities:
If you need adjustments during the application and selection process, please email Allianz Commer