Underwriting Specialist - Cyber/E&O
**This role can be based anywhere in the Southeast United States.
Job Summary
Under technical direction responsible for underwriting risks in a book of business within Cyber/E&O. Works within specific limits of authority on assignments requiring significant technical complexity and coordination. Utilizes underwriting policies and guidelines rating manual rules and insurance laws and regulations.
Essential Duties & Responsibilities
Performs a combination of duties in accordance with departmental guidelines:
- Reviews applications and financial requirements for risks requiring complex underwriting skills.
- Determines acceptability of risk in accordance with company guidelines and standards. Also determines the need for additional evidence of insurability and appropriate strategy.
- Determines appropriate pricing based on financial and competitive analysis in line with compliance requirements.
- 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.
- Notifies agencies of adverse underwriting decisions rate appeals underwriting requirements status and declinations.
- Analyzes quality quantity and profitability of risks underwritten and prepares reports for management review.
- Markets products and services through agencies or through the brokerage community and makes field visits.
- Develops and maintains agency and/or broker relationships.
- May provide guidance and assistance to other underwriters and to other functional areas particularly when related to cross-sell opportunities.
- Keeps current on state/territory issues and regulations industry activity and trends and freely shares information with others.
- Utilizes advanced functionality in relevant CNA systems to perform day-to-day activities.
- Works with more senior underwriters or management on risks exceeding authority level or requiring special handling.
Knowledge, Skills and Abilities
· Knowledge of underwriting processes, coverages, and tools to gather and evaluate information in order to reach appropriate decisions on renewals and new business
· Ability to effectively interact and communicate with all levels of external and/or internal business partners within scope of responsibility, team and/or matrix environment
· Ability to uncover customer needs, position specific solutions, handle objections and close deals
· Ability to exercise judgment, negotiate and make sound business decisions effectively based on level of authority
· Strong ability to identify, analyze and solve problems as well as the ability to learn rapidly, adapt quickly to change, exercise influence, and manage and prioritize multiple concurrent projects
About CNA
Owned by Loews Corporation, CNA is one of the country's largest writers of commercial insurance, providing protection to more than 1 million businesses and professionals in the U.S. and internationally. We offer unique expertise for the businesses and industries we serve, providing quality products and dependable services that help prevent and minimize loss. Our focus on providing solutions and inspiring trust differentiates us from other companies and supports long-term relationships. Our commitment to diversity enables us to serve a broad range of customers while supporting our communities through charitable contributions and employee volunteerism.