Product Development Expert - Construction Property
Company: Allianz
Location: Schiller Park
Posted on: February 3, 2026
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Job Description:
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.
The Impact You Will Have Reporting to the Chief Technical Officer,
North America, the Product Development Expert – Construction
Property – North America will be responsible for supporting the
efforts and execution of the Product Development strategy for the
North American Constructions 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
support the efforts to strategically drive the innovation and
execution of refreshed or new product offerings as well as
customized wording for specific accounts. You will work
collaboratively with Underwriting, Claims and Legal teams to create
and define a market leading presence for product innovation in the
Construction sector. Additionally, you will liaise with a panel of
value-added service providers for Allianz Construction
policyholders and support consideration and selection of new
service providers or service offerings. Some of your specific
responsibilities could include: • Developing, implementing, and
modifying products (Line of Business specific or cross-line),
standard wordings and coordinate 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 involve 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). What You’ll Bring to the Role • 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
communications 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; and • Bachelor’s Degree.
Keywords: Allianz, Naperville , Product Development Expert - Construction Property, IT / Software / Systems , Schiller Park, Illinois
