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Product Contracting Associate Senior | Hybrid

Job Level:  Professional
Location: 

Minneapolis, MN, US, 55416-1297

Due Date:  N/A
Area of Expertise:  Legal & Compliance
Unit:  Allianz US Life
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  6629

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:

The Product Contract Group is on the front-end of driving results, delivering innovative products to customers, and contributing to the financial strength of the company. One of the Product Contract Group’s primary roles is to draft contract forms for new or enhanced products and obtain state regulatory approval for their use, ensuring the forms are compliant with applicable regulations and consistent with the company’s objectives. An additional primary role of the Product Contract Group is to lead reinsurance initiatives by collaborating with business partners, negotiating with our reinsurance partners, and drafting complex reinsurance agreements. Members of this team work both independently and as members or leaders of cross-functional teams.

A Senior Product Contracting Associate is responsible for participating in and/or leading various contract form drafting initiatives, working with business partners to ensure successful initiatives, while also partnering closely with team members on filing and obtaining state product approvals, as needed.

What you bring:

  • Lead or manage the drafting of new or revised product contract forms, working closely with business partners and subject matter experts.
  • 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, and consumer friendly manner.
  • Research and analyze regulations to ensure contract language meets product specification requirements while being compliant with regulations.
  • Participate in filing, obtaining, and maintaining state product approvals, including analyzing and applying state regulations.
  • Lead or participate in the drafting of new or amended reinsurance agreements, working closely with both internal business partners and third party reinsurers.

Key Requirements/Skills Experience

  • Four year degree required (or equivalent work experience)
  • Juris Doctor degree required
  • A minimum of two years’ contract drafting experience
  • Excellent written and verbal communication skills
  • Advanced negotiation skills
  • Good time-management skills
  • Ability to perform under pressure
  • A keen attention to detail

 

 

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.