Under technical direction, determines collateral requirements at program inception and duration of program to reduce company's financial exposure. Reviews loss reports and determines collateral requirements, completes necessary adjustments based on contacts and sold programs.
JOB DESCRIPTION:
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Review and analyze loss reports and agreements to determine collateral requirements subsequent to policy expiration and annually thereafter.
- Analyze complicated contract documentation to ensure proper agreements issued to support sold program are accurate and in line with account confirmation.
- Present recommendations to and work with Legal and Underwriting to resolve errors and discrepancies.
- Determines best course of action for expiring or non-renewing collateral to protect company assets and minimize financial exposure.
- Creates management reports specific to each underwriting office.
- Stays up to date on trends in area of expertise and the insurance industry.
- May assist underwriters in drafting initial collateral and finance agreements.
May perform additional duties as assigned.
Reporting Relationship
Manager or above.
Skills, Knowledge & Abilities
- Strong communication skills and interpersonal skills to work effectively with underwriters, brokers and insureds directly.
- Ability to negotiate and influence business partners to obtain collateral and agreements which protect the company.
- Sound decision-making and problem-solving skills.
- Strong understanding of collateral requirements, financial agreements, and corporate policies.
- Strong skill with Microsoft Office Suite, especially Excel and use of formulas and pivot tables.
Education & Experience
- Bachelor's degree in finance , or other related discipline, or equivalent work experience required.
- Typically, a minimum of four years' experience in collections or working with cash flow-based program and collateral preferred.
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I n certain jurisdictions, CNA is legally required to include a reasonable estimate of the compensation for this role. In District of Columbia , California, Colorado, Connecticut, Illinois , Maryland , Massachusetts , New York and Washington, the national base pay range for this job level is $54,000 to $103,000 annually.Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location. CNA offers a comprehensive and competitive benefits package to help our employees - and their family members - achieve their physical, financial, emotional and social wellbeing goals. For a detailed look at CNA's benefits, please visit cnabenefits.com .
CNA is committed to providing reasonable accommodations to qualified individuals with disabilities in the recruitment process. To request an accommodation, please contact [email protected] .
CNA Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about CNA and has not been reviewed or approved by CNA.
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Retirement Support — Retirement plan design—with an automatic company contribution plus match—materially boosts total compensation and is highlighted as a standout element. Feedback suggests this structure provides dependable long‑term value beyond base pay.
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Strong & Reliable Incentives — Annual bonuses are common across many roles, supporting a predictable incentive component in total compensation. This consistency helps lift overall pay satisfaction in functions where bonus eligibility is standard.
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Leave & Time Off Breadth — PTO, paid holidays, and options like PTO purchase and paid family leave create a broad time‑off package. Feedback suggests these elements meaningfully enhance the overall rewards mix.
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What We Do
CNA is one of the largest U.S. commercial property and casualty insurance companies. Backed by more than 125 years of experience, CNA provides a broad range of standard and specialized insurance products and services for businesses and professionals in the U.S., Canada and Europe. As a company of allies, we understand the importance of fostering an inclusive and supportive culture for all employees. Our eight Employee Resource Groups elevate the voices of underrepresented groups and champion critical DEI initiatives in the workplace and beyond. We strive to promote an environment of inclusion and continuously work to ensure all employees feel valued and respected.
Why Work With Us
CNA knows the importance of having the tools you need to expand your expertise and develop your career. With a variety of cross-discipline and cross-functional opportunities, CNA provides you with the tools and resources needed to customize your career path and understand what is needed to be effective in your role.
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