Product Support Business Partner
Company: Disability Solutions
Location: Chicago
Posted on: April 19, 2024
Job Description:
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 .
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. #LI-DNP #LI-Hybrid Nearest
Major Market: Chicago
Keywords: Disability Solutions, Schaumburg , Product Support Business Partner, Other , Chicago, Illinois
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