Head of Product Development, Financial Lines | London, UK

Head of Product Development, Financial Lines

Allianz London, United Kingdom

Let's care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

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 Head of Product Development, Financial Lines based in London.

The Impact You Will Have

Reporting to the Regional Head of Financial Lines UK, you will play a pivotal role in shaping the future of our Financial Lines (FL) products globally. Your responsibilities will include drafting, reviewing and signing off new Allianz Commercial FL wordings as well as updating existing ones. You will review and negotiate broker FL wordings, and assess competitor FL wordings for approval. Additionally, you will create marketing materials, conduct underwriter training, draft bespoke policies and endorsements while monitoring legal developments to provide innovative solutions. Your efforts will support the Financial Lines business and enhance Allianz Commercial's profile as a leading solution provider by ensuring a steady flow of new product launches and by steering and controlling the product development process within Financial Lines.

Some of your specific responsibilities could include:

• Develop local wordings for the UK and Ireland
• Maintain a comprehensive wording and endorsement library
• Develop bespoke client and broker wordings for facilities and one-off accounts
• Develop and tailor policy endorsements
• Develop new products to support Financial Lines diversity and business growth aspirations
• Monitor and research legal developments to transfer results into wordings and guidelines
• Present new products externally to the market and internally to Allianz Commercial underwriting
• Monitor and organise product development processes
• Review of single tailor-made solutions to ensure legal consistency
• Produce supporting marketing information for external use in relation to new and existing products

What You'll Bring to the Role

• Legally qualified in England & Wales with at least 3+ years of post-qualification experience (PQE)
• Ability to independently design, develop, and implement consistent and robust local and bespoke wordings.
• Capability to conduct research and stay informed about legal developments as a basis for wordings and guidelines.
• Experience in effectively monitoring processes and legal requirements and conducting thorough reviews.
• Developed expertise in Financial Lines products and product development
• High level legal skills and deep understanding of wordings and clauses
• A strong understanding of the legal and regulatory framework.
• Excellent communication skills, both written and verbal, with the ability to clearly express ideas and messages
• Ability to persuade and motivate others to act, even without executive authority.

What's in it for 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.

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

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.

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.

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: 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 recruiters.