Small Business Life Science Underwriting Specialist at CNA

| Kansas City, MO
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Job Summary
Under technical direction, responsible for underwriting Small Business Life Sciences risks in a book of business. Works within specific limits of authority on assignments requiring significant technical complexity and coordination. Utilizes underwriting policies and guidelines and insurance laws and regulations.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
1. Reviews applications and financial requirements for risks requiring complex underwriting skills. Determines acceptability of risk for Business Owners Package, Workers Compensation, Auto, Umbrella, Life Sciences Products Liability and Errors and Omissions in accordance with company guidelines and standards. Also, determines the need for additional evidence of insurability and appropriate strategy.
2. Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements.
3. Prepares quotes and answers questions from agencies, policyholders or other external contacts and escalates issues to management along with proposed solutions as necessary. Negotiates with agents to reach positive and profitable outcomes.
4. Notifies agencies of adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations.
5. Analyzes quality, quantity, and profitability of risks underwritten and prepares reports for management review.
6. Markets products and services through agencies or through the brokerage community and makes field visits. Develops and maintains agency and/or broker relationships.
7. May provide guidance and assistance to other underwriters and to other functional areas, particularly when related to cross-sell opportunities.
8. Keeps current on state/territory issues and regulations, industry activity and trends and freely shares information with others.
9. Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
10. Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.
May perform additional duties as assigned.
Reporting Relationship
Manager or Director
Skills, Knowledge & Abilities
1. Advanced knowledge of underwriting and insurance industry theories and practices. 2. Demonstrated high level of technical expertise and product specific knowledge. 3. Strong interpersonal, communication and negotiation skills. Ability to effectively interact with all levels of CNA's internal and external business partners. 4. Ability to work independently. 5. Strong analytical and problem solving skills. 6. Ability to exercise independent judgment and to make critical business decisions effectively. 7. Knowledge of Microsoft Office Suite as well as other business-related software. 8. Demonstrated leadership skills.
Education & Experience
1. Bachelor's degree or equivalent experience. Professional designations preferred. 2. Typically a minimum three to five years underwriting experience.
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What are CNA Perks + Benefits

CNA Benefits Overview

One of the many advantages of working at CNA is the benefits program we offer you and your eligible dependents,
beginning on the first day of your employment. The program features a variety of plans that provide health care
benefits, well-being, disability and survivor protection, and 401(k) savings, among others. Below are highlights
of the offerings.

Volunteer in local community
Partners with Nonprofits
Friends outside of work
Open door policy
Team owned deliverables
Group brainstorming sessions
Open office floor plan
Dedicated Diversity/Inclusion Staff
Diversity Employee Resource Groups
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K) Matching
Company Equity
Employee Stock Purchase Plan
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Remote Work Program
Family Medical Leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Holidays
Paid Sick Days
Perks & Discounts
Relocation Assistance
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Diversity Program
Lunch and learns
Online course subscriptions available

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