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Portfolio Solutions Contract Specialist

We are looking for a Portfolio Solutions Contract Specialist for Portfolio Solutions and Delegated Authority team supporting the Americas. This will be a role based in Alpharetta, Georgia or O'Fallon, Missouri.

Allianz Commercial specializes in corporate and specialty insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our Allianz Commercial Property network.

When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!

The Impact You Will Have:

As a Portfolio Solutions Contract Specialist at Allianz Commercial NA, you will play a pivotal role in shaping and evaluating delegated authority program agreements, including binding authorities, underwriting guidelines, compensation schedules, and profit share agreements. Your expertise will ensure the accuracy of contract language and adherence to governance protocols, safeguarding the interests of the company while aligning business goals with regulatory requirements.

Some of Your Specific Responsibilities Could Include:

• Providing business-oriented legal support to ensure compliance with applicable laws and regulations.
• Coordinating alignment of business goals, regulatory requirements, and internal governance standards across delegated authority arrangements.
• Collaborating with internal legal and compliance departments on contract language and oversight.
• Assisting in contract negotiations jointly with the responsible Line of Business and Portfolio Solutions teams.
• Reviewing and providing guidance in the preparation of contracts, agreements, amendments, and change orders for delegated authority arrangements.
• Ensuring compliance with terms and conditions of contracts and verifying that all contractual clauses are included in documents as appropriate.
• Managing and monitoring vendor/coverholder performance in relation to contractual agreements.
• Raising awareness and understanding in the business for legal issues, risks, and mitigation measures, acting as a bridge between functions and the business for handling legal challenges.
• Maintaining corporate records and contract files, including preparation of status reports and reconciliation with relevant internal departments.
• Staying up to date with legal developments and industry trends to provide proactive legal support.
• Developing and maintaining legal templates, contract administration procedures, and team knowledge resources.
• Assisting in resolving disputes, claims, and settlements related to delegated authority agreements.
• Conducting legal research to support business actions and decisions related to delegated authorities.

What You'll Bring to the Role:

• Strong knowledge of regulatory compliance and corporate governance practices.
• Proven experience with contract negotiations and vendor/supplier management.
• Ability to drive tasks independently and manage complex projects with minimal supervision.
• Excellent communication skills to effectively collaborate with internal and external stakeholders.
• Analytical skills to evaluate legal and business implications of delegated authority arrangements.
• A proactive approach to staying informed about legal developments and industry trends.
• Strong organizational skills to maintain corporate records and contract files efficiently.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

Join us in this impactful role where your expertise will contribute to the success and integrity of Allianz Commercial's delegated authority programs.

The annualized base pay range for this role is $97,739 to $147,652. 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.

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.

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.

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.

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. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

We stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

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. 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. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.