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Product Contracting Associate | Hybrid

Job Level:  Professional
Location: 

Minneapolis, MN, US, 55416-1297

Due Date:  N/A
Area of Expertise:  Actuarial
Unit:  Allianz US Life
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  3854

 

At Allianz Life, we are driven by our mission – we secure your future – and by our common goal of caring for tomorrow. We care for our employees by promoting an inclusive culture where everyone has the opportunity to grow and be rewarded for their success. We care for our customers by creating new products that help them protect their families and pursue their retirement goals. We care for our community by giving time, resources, and donations. And we care for the future by supporting sustainability, protecting the local environment, and promoting societal equity.

 

What you do:

Job Purpose/Role

The Product Contract Group's primary role is to draft or revise contract forms and to obtain state regulatory approval for their use. Forms must be compliant with applicable regulations, and be consistent with the company's objectives and practices. The Product Contract Group also leads and participates in reinsurance initiatives and other company projects.

Members of this team work both independently and as a members or leaders of cross-functional teams.

A Product Contracting Analyst may be responsible for:

  • Filing, obtaining and maintaining state product approvals, including analyzing and applying regulations
  • Managing and drafting innovative contract forms that accurately reflect product specifications, meet all legal and operational requirements, and are consumer friendly
  • Collaborating and obtaining sign-off from internal business partners on state communication strategies and contract language
  • Participating in and leadership on miscellaneous projects

 

What you bring:

Contract Filing:

  • Lead or manage the filing of new or revised contract forms, including developing efficient and innovative filing strategies.
  • Ensure that the filings are consistent with the filing strategy and comply with state filing requirements.
  • Research and analyze state regulations for applicability to contract forms, internal processes, and discussions with state regulators.
  • Work with state regulators and internal business partners to obtain state filing approvals in a timely manner.

 

Contract Drafting:

  • Lead or manage the drafting of new or revised contracts.
  • Ensure that the drafted contract forms are consistent with product specifications and other forms, are compliant with regulations, and are written in a clear, concise, consumer friendly manner.
  • Research and analyze regulations to ensure contract language meets product specification requirements while being compliant with regulations.
  • Collaborate with business partners to address any concerns and achieve timely sign-off on contract language.

 

Key Requirements/Skills/Experience

  • 1-3 years’ experience required: Basic knowledge of insurance products, how they work, and the associated rules and regulations.
  • Four-year degree required (or equivalent work experience)

 

 

What we offer:

At Allianz Life, we’re proud to provide a benefits package that supports the True Balance of our employees and their families. We offer a choice of comprehensive medical and dental plan options, a generous time off plan and an outstanding 401(k) company match. Plus, our employees enjoy an award-winning campus with an array of discounted amenities, including an onsite health center, child development center, fitness facility, convenience store and two cafeterias. Our employees and leaders take an active role in shaping our culture through our Employee Resource Groups, whose activities and advocacy contribute to an environment that welcomes, includes and celebrates diversity. Our generous benefits, campus amenities and inclusive, engaged culture are among the many reasons we’re routinely recognized as a top workplace employer.

 

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

 

Join us.  Let’s care for tomorrow.