Product Director – Property and Construction

Product Director – Property and Construction

The Aon Australia Commercial Risk Product and Platforms team manages the strategic direction and tactical priorities of platform and product developments. This is a hybrid role with the flexibility to work both virtually and from our Aon Sydney office.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Provide product and technical leadership across Property and/or Construction (short tail products)

• Understand market dynamics (with respect to product) and the impact on Aon’s revenue, finding opportunities to improve GTMS

• Assess and refine product offerings across different channels and their revenue implications

• Ensure product is aligned with internal governance and regulatory standards,

• Review and maintain the carrier panel with the GTMS, ensuring product offerings and pricing remain competitive

• Triage insurer-imposed derogations and manage carriers around product integrity and compliance thereto

• Advocate, educate and promote Aon products ensuring improved E&O and contract certainty for clients

• Conduct SWOT analysis of Aon’s products versus major external competitors, defining strategic positioning

• Ensure Aon products are fit for purpose, commercially viable and align with client or industry risk profile (where appropriate)

• Lead the development (and refresh) of new and existing policy wordings and conduct cost-benefit analysis to support prioritisation

• Project Manage endorsement updates to the Technical Library to incorporate feedback and input from product owners, technical and placement to ensure colleagues and clients receive up to date derogation commentary

• Lead the development (and refresh) of new and existing policy wordings coordinating with key internal and external stakeholders to manage downstream changes and tightly managed delivery

• Approve risk code requests to ensure justification and compliance and improve data and analytics to support new and refreshed product opportunities

• Collaborate with platform, technical and placement teams to break down operational silos

• Audit carriers for adherence to wording and reduction of derogations, improving contractual certainty for clients

• Conduct quarterly meetings with carriers (in the GTMS) to assess performance, quote to bind ratios, market appetite, gathering insights for continuous improvement

• Act as a referral or escalation point for broking colleagues and the technical team providing guidance on endorsements and impact to client industry / risk profile

Skills and experience that will lead to success

• Middle to senior managers and / or brokers in property and / or construction

• 10–15 years’ experience across reinsurance, insurance, and/or broking

• Minimum 7.5 years’ experience underwriting property and/or Construction), meeting strong product and technical capability requirements

• Demonstrated experience in technical underwriting, portfolio management, or product leadership roles

• Experience developing or drafting insurance products and policy wordings are highly regarded (but not essential)

• A legal background or legal exposure is advantageous but not a prerequisite

• Business orientated degree

• Excellent verbal and written communication skills, ability to articulate, advocate and influence decisions

• Problem solving, analytical and critical thinking skills

• Demonstrated project management expertise and track record

Key Attributes

• Strong technical judgement

• Ability to operate at a strategic and diligent level

• Comfortable influencing senior partners across underwriting, product, and legal functions

• Commercially minded with a strong understanding of product and portfolio performance drivers

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well. Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace. Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status. We are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing us at ReasonableAccommodations@Aon.com or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.

#LI-RC2 #LI-Hybrid 2575626